Blackstone Alternative Asset Management

Jul 28, 2019 76 Comments

Hi! I’m evaluating an offer between BAAM’s Hedge Fund Solutions team as an investment associate and a high growth tech company in SF.

BX offer details:
base: $140k
equity: $75k vesting over 4 years
annual bonus: ~$70k

tech company offer:
base: $120k
equity: $60k vesting in 4 years
I’m aware of BX’s reputation in PE/Real Estate investments but how does this particular division compare? Would I pigeonhole myself in terms of exit opps since this is primarily a fund of fund?

Looking at this as a pre MBA gig and prioritzing challenging/intellectually satisfying work for now. Post school, would like to end up in a growth equity type of role.
Should I not pass the BX offer up given its prestige?

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TOP 76 Comments
  • Autodesk xnxj46
    Having worked in a hedge fund firm, for God's sake go with the tech company! At the hedge fund you will be working with & for bat sh*t CRAZY people. No kidding, I KNOW. Been there, done that. Never going back again. If you value your sanity.....
    Jul 30, 2019 10
    • New
      whatttttt

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      AQR
      whattttttmore
      Again, not a hedge fund manager. Its a fund of funds manager. No direct experience with investing really.
      Aug 2, 2019
    • New
      whatttttt

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      AQR
      whattttttmore
      Its not even about the hours. Its about what you do and learn. The tricks you’ll learn at BAAM will not be very useful in other contexts. No substance to the work.
      Aug 2, 2019
  • Chase / Finance Pv488
    I would definitely go with BX offer. I spoke with an ED within JP while trying to leverage a potential career path and he said always go for established firms because tech can go either way.
    Jul 28, 2019 1
    • New
      whatttttt

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      whattttttmore
      Not every part of Blackstone is gold. BAAM is not where smart people go.
      Aug 2, 2019
  • Amazon boldergo
    Is it possible for me to land these jobs working as an SDE at Amazon?
    Jul 30, 2019 2
    • eBay bsjiska
      I had the same question 🤣
      Jul 30, 2019
    • Intel bsbsb
      Maybe not this kind of role but you could def land SWE or even better, Quant Dev roles at hedge funds and trading firms. However, unless you're working a mostly systematic and quantitative fund like two Sigma or Citadel or virtu it's probably not worth the move
      Jul 30, 2019
  • Airbnb NotAnAlly
    That's very low base. I hope this isn't in the Bay Area.
    Jul 30, 2019 6
    • Oh. If you’re on a PIP do whatever.
      Jul 30, 2019
    • OP
      Not on a PIP but just had some conversations about my role on the team
      Jul 30, 2019
  • TC and YOE?
    Jul 30, 2019 5
    • Twitch isaywords
      You just said 220k. Is it 145 or 220
      Jul 30, 2019
    • OP
      Uhh BX TC is $220K; my current TC at Apple is $145K
      Jul 30, 2019
  • Microsoft zNKG56
    I would certainly take the Black stone offer as an investment associate. Stick with them for few years and learn the algo that are used for trading, get a hang of how institutions play the game and you can do your own investing business by staying on institutions side in the market
    Jul 30, 2019 3
    • OP
      Well this particular team either invests in hedge funds or co-invests in hedge fund startups with their own capital so you won’t really be exposed to the algorithmic trades used to benefit off of market movements. The Quant aspect is mainly to better understand industries, specific fund managers etc
      Jul 31, 2019
    • Capital One MV60037
      BAAM doesn’t have algo or trading, they work with the HF partners (portfolio companies) arranging deals and have tactical stakes (preferred equity ect, alternative investments)
      Sep 21, 2019
  • eBay bsjiska
    What does an investment associate do? Also mba in what field would you do to become an investment associate. It sounds interesting.
    Jul 30, 2019 3
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      whatttttt

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      whattttttmore
      This isn’t a hedge fund manager. It’s a fund of funds. Totally different business model.
      Aug 2, 2019
    • OP
      Yes, wasn’t insinuating it’s a hedge fund manager, just used those two examples to describe the typical responsibilities of an investment associate
      Aug 2, 2019
  • Blackstone noname2019
    Lyft has leniency and grow fast fail fast tendency, while at BX you might not always have that. Depending on what u want to pursue ur MBA in, both the opps can help u out. Besides$$, also think of WLB, work culture and personal growth (outside of work). SF culture is completely opp to what u will see at BX. I agree with Autodesk's response that its not really worth switching from tech first product company. The best place imo for mix of tech and growth equity would b joining a VC firm in Bay area. U being in SF already would def help u with that as there are multiple VC firms at various stages that u can learn and grow at
    Jul 30, 2019 2
    • Blackstone noname2019
      Being in Bay area opens so many doors for u to even do some side hustle if u are really motivated and want to do personal dev
      Jul 30, 2019
    • OP
      Thank you! If you’re currently at BX, can I send you a DM?
      Jul 30, 2019
  • Salesforce serje
    You need to deduct your new cocaine habit from Blackstone’s TC.
    Jul 30, 2019 0
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    whatttttt

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    whattttttmore
    I worked in the real estate private equity AND hedge fund industries. I would go to Blackstone PE or RE, but never BAAM. It’s not what you think. Don’t go to that soul killing place. Find something better.
    Aug 2, 2019 3
    • OP
      Can you elaborate why never BAAM?
      Aug 3, 2019
    • Exer Urgent Care dsp0703
      BAAM is fund-of-funds, not direct investing. That space is shrinking and you don't develop transferable business skills.
      Aug 4, 2019

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