Getting an entry-level job at Blackstone is harder than getting into Harvard, says Steve Schwarzman. Here's how to ace an interview and land a job there.

Fri, 07/21/2023 - 11:04

Getting a job at private equity giant Blackstone is getting more competitive.
Out of some 62,000 applications for the firm's 2023 first-year class, just 169 people were hired.
In 2020, Insider spoke with president Jon Gray to learn how to stand out and land a job Blackstone.

The billionaire that built Blackstone doubts he'd land a job at the private equity titan today. It's that competitive.

Speaking to Wall Street analysts on its second-quarter earnings call, Blackstone founder and CEO Stephen Schwarzman said the firm attracted 62,000 unique applicants this year. That's triple the amount it received in 2020 when it said 19,000 applied.

The $1 trillion alternative asset manager only offered roles to 169 analysts, meaning a selection rate of 0.27%. Harvard has an acceptance rate of 3.3%.