blackstone managing director salary

Steve Schwarzman, the CEO of Blackstone, is not shy about handing out career advice, although it is unclear how approachable he is. This estimate is based upon 1 J.P. Morgan Trading Managing Director salary report(s) provided by employees or estimated based upon statistical methods. As you move up the ladder, an increasing percentage of your total compensation will come from your bonus. Initially made famous among a broader segment of the population outside of financial services by the classic book Barbarians at the Gate: The Fall of RJR Nabisco, KKR, also headquartered in New York, continues to be one of the primary private equity players worldwide to this day. Blackstone’s Private Wealth Solutions’ mission is to bring institutional quality products across a broad spectrum of alternative asset classes to high net worth clients and their advisors. The typical The Blackstone Group Managing Director salary is $272,577. A free inside look at The Blackstone Group salary trends based on 499 salaries wages for 207 jobs at The Blackstone Group. investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Trading Managing Director salaries at J.P. Morgan can range from $227,313-$242,968. Other well-paying banks include Wells Fargo & Co., Houlihan Lokey, Bank of America Corp. and Goldman Sachs Group. © 2019. More firms – including Terra Firma, Blackstone and KKR – are recruiting graduates directly from university, but competition is notoriously tough, with the top PE shops only making offers to a tiny proportion of applicants. Its 18 private equity funds have raised more than $50bn from investors. Save my name, email, and website in this browser for the next time I comment. Which is an example of a high risk investment. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, The Blackstone Group Managing Director Jobs, The Blackstone Group Private Equity Principal Jobs, The Blackstone Group Investment Banking Associate Jobs, Real Estate Debt Strategies Summer Analyst Salaries, Customer Service Representative salaries ($30k), Investment Banking Analyst salaries ($80k), Financial Services Representative salaries ($39k). This estimate is based upon 6 BlackRock Managing Director salary report(s) provided by employees or estimated based upon statistical methods. Contribute to the database and get 1 month free* Full online access! ©2005-2020 Wall Street Oasis. She serves on the firm’s Management Committee. See if they're hiring! The typical The Blackstone Group Managing Director salary is $275,563. See if they're hiring! … CEO leads the management of the company while MD is lead by Chairman of the Board. You may be too late, Ranking coding languages by pay in banking. Elsewhere on its site it says it employs around 2,300 people, however. While the base salaries of their junior executives don't appear to blow the competition out of the water, there is no doubt that your overall compensation ceiling at KKR is sky-high if you stay for the long term. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, The Blackstone Group Investment Analyst Jobs, The Blackstone Group Graduate Analyst Jobs, The Blackstone Group Managing Director Jobs, 7 Job Hunting Tips For When Businesses Aren’t Hiring, How to Write a Great Job Application Email, 4 Great Personal Statement Examples for Your CV, 6 Great Jobs You Can Get With the Help of Retraining Courses. Find Your Mentor; 500+ Mentors - Browse Profiles; Goldman, KKR, McKinsey, and More by While success certainly isn't guaranteed, there are compelling reasons to make such a move. Chinh Chu has earned his net worth as Senior Managing Director & Co-Chair in the Private Equity Group at Blackstone Group LLC’s. salary trends based on salaries posted anonymously by employees. Glassdoor will not work properly unless browser cookie support is enabled.Learn how to enable cookies. The base salary for the position is $389,098, with total compensation at $746,891, according to Glassdoor. All Rights Reserved. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. Get instant access to lessons taught by experienced private equity pros and bulge bracket Required fields are marked *. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries), All-access Pass: All Interview Courses & WSO Services. Managing Director salaries at The Blackstone Group can range from $222,654 - $306,634. That said, the following provides insight into private equity pay via base salary figures from three of the heaviest hitters in the PE space, TPG Capital, the Blackstone Group and KKR. As Senior Managing Director and Chief Operating Officer at BlackRock Inc., Robert L. Goldstein made $7,930,309 in total compensation. Private equity firms have become warier of potential recruits just chasing a big pay day, however. 05 August 2016. “Dude, why is it every time I walk into the bank, everyone I talk to is a Vice President?” “Because everybody is a Vice President. Bonus: can range from 100% – 200% of base for all in comp anywhere between just under $1 million to $2 million. All rights reserved. The typical The Blackstone Group Vice President salary is $174,270. 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, Managing Director Salaries in Jurong East, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? TPG Capital – formerly known as as Texas Pacific Group – has dual headquarters in Fort Worth, Texas, and San Francisco. Managing director of Blackstone Group LLC; About Chinh Chu. I do like the answer above; to be honest all I can base my answer off is rumours that I heard within the firm when I worked there. Your email address will not be published. Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019. Managing Director salaries at The Blackstone Group can range from $221,625 – $305,216. It also heavily depends on the department that they serve as an MD. This estimate is based upon 5 The Blackstone Group Managing Director salary report(s) provided by employees or estimated based upon statistical methods. The Myth Of The Bank Vice President. Even more importantly, according to Robert Ramsauer, senior managing director at Blackstone in the UK, you’ve got to be liked by the whole team – and this means a rigorous interview process. The Blackstone Group Vice President Salaries. J.P. Morgan Trading Managing Director Salaries. eFinancialCareers is a DHI service See if they're hiring! Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Commission Sharing, Tips have not been reported for this role. Please try again. How to Answer: What Are Your Strengths and Weaknesses? Managing Director salaries at The Blackstone Group can range from $221,625 – $305,216. Does it still help to have a relative in banking? As Morgan Stanley's traders also excel, questions for BofA. As Managing Director, Chief Financial Officer and Assistant Secretary at BLACKSTONE MORTGAGE TR INC, Anthony F. Marone Jr. made $322,918 in total compensation. Blackstone doesn't disclose how many people it employs in its quarterly results. CEO is focused on future-oriented goals whereas MD handles day to day operations of the company. In other words, a vice president might be a director’s boss. I do like the answer above; to be honest all I can base my answer off is rumours that I heard within the firm when I worked there. “They talk to the clients, meet the clients, bring in the revenues and build the business for the bank,” says the analyst. His pay package includes a $2 million annual salary, $7.65 million in a cash bonus, and $17.85 million in performance-linked stock units, the company disclosed Friday in a filing. +Bonus: Get 27 financial modeling templates in swipe file. Private equity funds are steadier recruiters than investment banks – PE hiring is fairly consistent even when the markets are down, and even if there’s less M&A going on. Dan Butcher When factoring in bonuses and additional compensation, a Managing Director at The Blackstone Group can expect to make an average total pay of $402,681 . Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Once you're hired by New York-headquartered Blackstone, you should know that employees are thrown into deals from the get-go. Top PE executives are certainly not hard-up for cash. Chicago. Salaries posted anonymously by The Blackstone Group employees. At any rate, you can expect to be well-compensated if you are able to fit in and find success at Blackstone. JPMorgan Chase & Co. ranked as the highest paying investment bank, with compensation nearing the 99th percentile. Although it features some of the most coveted and financially rewarding positions in the banking industry, investment banking is also one of the most challenging and difficult career paths, Guide to IB. There was an error with your request. In the bucket of newer/junior MDs, all-in comp begins around $1M (more if you count carry on unrealized deals). Your email address will not be published. While very little compensation data is available for managing directors and partners, rest assured that you'll be taken care of financially as you move up the ranks at TPG. Check out the latest Managing Director Jobs or see Managing Director Salaries at other companies. The typical The Blackstone Group Managing Director salary is $276,843. salary trends based on salaries posted anonymously by employees. When factoring in bonuses and additional compensation, a Managing … making offers to a tiny proportion of applicants, Six signs a banker will fail after moving to the buy-side, Investment banks' analysts still setting sights on buy-side careers, Want to escape M&A for private equity? It is a totally made up title that means absolutely nothing and is there to make you feel better about doing business with them. Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019. Check out the latest The Blackstone Group Jobs. The typical The Blackstone Group Managing Director salary is $275,563. Of this total $500,000 was received as a salary, $2,950,000 was received as a bonus, $0 was received in stock options, $4,425,029 was awarded as stock and $55,280 came from other types of compensation. Average salaries for Managing Director: undefined - undefined. Managing directors/partners can earn $3.3m in carried interest alone, the Preqin figures suggest, compared to around $1.1m in total compensation for a managing director in investment banking. How much does CEO of Goldman Sachs make? Learn how to enable cookies. Most people who quit banking for private equity do so after 24 to 34 months in IBD. (Vice President), Northwest Venture Partners Glassdoor will not work properly unless browser cookie support is enabled. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Meanwhile, seasoned MDs can make significantly more based on revenue they’ve generated for the firm. Asian-American Businessman, Chinh Chu has an estimated net worth of $1.1 billion. Check out the latest Managing Director Jobs or see Managing Director Salaries at other companies. Vice President, head of IR Get a free, personalised salary estimate based on today's market. ), 7 of the Best Situational Interview Questions. When factoring in bonuses and additional compensation, a Managing Director at … This estimate is based upon 5 The Blackstone Group Managing Director salary report(s) provided by employees or estimated based upon statistical methods.

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