Blackstone Private Wealth - Investment Strategy, Associate

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Job Description

Blackstone is seeking an associate to join Blackstone’s Investment Strategy team in the Blackstone Private Wealth group. The Investment Strategy team develops thought leadership related to global macroeconomic and financial market trends in order to guide asset allocation and inform investment and strategic decisions. The team sits within Private Wealth, providing insights to both financial advisors, as well as institutional clients across the Firm. Investment Strategy leverages not only public market data, but proprietary data from our 250+ portfolio companies to help formulate macro and market views of the Firm.

The individual will support the Investment Strategy team’s research and content development for both internal and external audiences. The individual will also assist with ad-hoc research projects in response to specific requests from Private Wealth and across the Firm’s business units. As such, the individual will work with a variety of professionals across job functions, including investment and asset management teams, sales, investor and client services, and operational groups including legal, marketing, and others.

A successful candidate will be knowledgeable in macroeconomic and financial market concepts, with a proven history of quantitative research and analysis but also strong qualitative skills to describe market conditions and relay the team’s views to internal stakeholders. The individual will be comfortable analyzing large data sets, creating cogent summaries, and translating these into effective visual presentations.

Business Unit Overview:

Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capabilities to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternative investments.

We leverage the global scale platforms across Private Equity, Secondaries, Real Estate, Credit, Tactical Opportunities and Hedge Fund Solutions to structure single asset class and multi-asset solutions to fit into clients’ asset allocation and portfolio construction objectives. Blackstone manages $271 billion of capital from Private Wealth clients.

Blackstone Private Wealth is globally positioned, with offices in New York, London, Zurich, Paris, Singapore, Hong Kong and Tokyo and works with many of the world’s largest wealth management institutions, independent wealth managers and family offices.

Key responsibilities include, but are not limited to:

• Support the Investment Strategy team’s thought leadership and research efforts by collecting, researching, and analyzing global macroeconomic and market data.
• Identify appropriate data sets quickly and efficiently, and organize them in a clear, concise manner.
• Transform and analyze large data sets to create exhibits ensuring accuracy of data and methodology.
• Assist with the creation of internal and external publications and research projects.
• Create, maintain and update presentation materials for internal and external audiences.
• Support the management of multiple projects, keeping the team informed of their status.
• Support internal approval processes and coordinate closely with colleagues across various business units.
• Identify opportunities to improve and streamline existing workflows.
• Read, research and remain current on global economic and market developments.
• Attend meetings and participate in calls with subject matter experts, summarize and produce actionable takeaways for circulation to the broader team.

Qualifications:

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors.

The successful candidate must meet the following qualifications:

• A strong record of academic achievement and/or professional accomplishment
• 3+ years of relevant professional experience in an investment or research-related role.
• Deep understanding of macroeconomics and financial markets, including private markets.
• Excellent verbal, written, and interpersonal communication skills to synthesize information quickly and communicate effectively.
• Manage ad-hoc projects with minimal oversight.
• Multitask, meet competing deadlines and operate in a rapidly evolving and dynamic environment.
• Detail oriented, with strong critical thinking and problem-solving skills.
• A growth mindset and eager to learn new concepts.
• Strong proficiency in Microsoft Excel, PowerPoint and financial software such as Bloomberg, Macrobond, Thomson Reuters Datastream and Pitchbook. Experience with coding languages or statistical analysis software a plus.
• FINRA Series 7, 63, and 79 licenses preferred (if not previously obtained, individual will be required to obtain within one year of hire date.)

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.