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.
Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
Program Description
Blackstone's Summer Analyst Program is a 10-week in-person experience, offering participants extensive exposure across the firm. This program provides Summer Analysts with valuable guidance through mentorship, continuous feedback, technical and soft skill training, networking opportunities with professionals across the firm, and the unique chance to fully immerse themselves in Blackstone's culture.
Job Description
The position offers significant exposure to complex restructurings, stakeholder negotiations, control investing, and active ownership situations. The Summer Analyst Program will help you develop a differentiated skill set at the intersection of credit, private equity, and operations.
Blackstone Credit & Insurance’s Asset Management group mobilizes resources to preserve investor capital and enhance investment returns in challenging situations. Once assets that are or could be challenged are identified, BXCI’s Asset Management team has dual responsibilities:
The team focuses on the restructuring and re-underwriting of troubled or underperforming BXCI Private Credit Strategies (“PCS”) investments; working closely with equity owners including sponsors, management, creditors, and other stakeholders to preserve and enhance value through balance sheet restructurings, liquidity solutions, and interim credit relief amendments; and
Where these processes result in BXCI assuming equity ownership, the role extends into the active ownership and management of a portfolio company, employing a private equity mindset. This includes developing and executing a value creation plan, and partnering with management teams and boards to drive strategic, operational, and financial initiatives, with the objective of maximizing exit outcomes and recoveries.
Primary responsibilities will include:
Assisting with the structuring and negotiation of restructuring transactions, including modeling and evaluating various types of deal structures
Preparing investment memoranda, analyses (with significant emphasis on identifying root causes of underperformance), financial forecasts, and other ad-hoc requests to support real-time decision making related to existing investments
Researching industry trends, competitive landscapes, and regulatory environments to inform strategic decision-making for control / significant minority equity positions
Monitoring watch list credit positions, including building cash flow forecasts and delivering recurring updates on performance
Monitoring existing equity positions, meeting with management teams of portfolio companies and attending board meetings
Reporting on the progress of turnaround initiatives, providing regular updates to BXCI senior-level management on key financial metrics, operational milestones, and risk factors
Partnering with portfolio company management teams to produce materials for quarterly watchlist reviews with the Blackstone executive team
Reviewing credit agreements and other loan documentation, and assisting with the preparation of transaction documentation for active processes
Thinking creatively about ways to optimize the team’s existing processes
Qualifications:
Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, a successful candidate will meet the following qualifications:
Prior experience in finance, investment banking, restructuring, or consulting preferred
Strong interest in restructuring
Excellent interpersonal and communication skills, both written and verbal
Strong performance under pressure in a lean team environment
Highly organized, with the initiative to multitask and work with limited supervision as a member of a team
Strong accounting and financial modeling skills; past experience modeling and evaluating transactions is preferred but not required
Excellent technical proficiency in Excel
Prior experience preparing presentation materials using PowerPoint
Excellent attention to detail and good professional judgment
Resourcefulness, intellectual curiosity, and strong work ethic
To be considered for the 2027 Summer Analyst Program, applicants must meet the following criteria:
Currently enrolled as an undergraduate student
Anticipated graduation date: Fall 2027 – Spring 2028
Resume must include expected graduation month/year and GPA
Resume must be in PDF format
If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.
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:
$110,000 - $110,000Actual 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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
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.
You will not be eligible to participate in Blackstone’s health and other insurance benefit programs.
Please note that we use an AI resume screening tool to help with the initial review of applications. The tool helps us assess candidates based on skills, experience, and qualifications. The tool’s scores are one of the factors we consider when deciding who moves to the next stage of the application process.
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.