2025 Blackstone BAAM BPS Summer Analyst
Blackstone Alternative Asset Management
Business Unit Overview
Blackstone Alternative Asset Management (BAAM®) manages approximately $80?billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles?while mitigating downside risk during stressed market.
Blackstone’s Summer Analyst Program spans 10 weeks, 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.
Your application will be considered for a generalist position across the groups listed below:
Equity Strategy: The Equity Strategy Team is responsible for equity-related investments in BAAM’s absolute return platform “BAAM Portfolio Solutions”. The team’s investment process combines the public market and financial analysis characteristic of hedge fund investing with the strategic thinking of private equity.
Credit: The Credit Strategy Team is responsible for sourcing, underwriting, and monitoring investments in hedge fund managers and direct investment opportunities throughout the capital structure in corporate and structured credit globally.
Liquid Strategies (LSG): The LSG Team is responsible for BAAM’s liquid alternative product offerings across both registered and private fund structures. The investment team handles all allocation and investment decisions for LSG and works closely with strategy and due diligence teams to assess underlying managers, strategies, and portfolios.
SAF: Blackstone’s BAAM Strategy Alliance Fund (SAF) group manages more than $2 billion of AUM in a strategy that provides seed capital to alternative investment managers in exchange for a revenue share interest in startup hedge funds and private credit funds. In acquiring and forming strategic partnerships with these funds, SAF offers Summer Analysts the opportunity to analyze, evaluate, and engage with companies and management teams across the globe. Our investment process combines the financial skills of investment banking, as well as the fundamental underwriting and strategic thinking of private equity.
- Identify new investment opportunities and monitor current managers within the BAAM funds
- Industry research and competitive analysis
- Analysis of fund strategies and individual managers
- Drafting of memoranda for internal and external use
- Data management
BAAM seeks to hire individuals who are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. In addition to strong analytical and time management skills, the successful candidate must have:
- Strong verbal and written communication skills
- A desire to work in a team environment with dynamic roles
- A basic knowledge of accounting and finance
- Self-motivation to find solutions independently
- Sincere commitment to personal and professional development
- Excellent attention to detail
- Intellectual curiosity
- Good judgment
- Working knowledge of Excel and PowerPoint
To be considered for the 2025 Summer Analyst Program, applicants must meet the following criteria:
- Currently enrolled as an undergraduate student
- Anticipated graduation date: Fall 2025 – Spring 2026
- 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 - $110,000
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 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.