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2025 HR-SIG Summer Analyst, Strategic Incentives Group

63000 Blackstone Administrative Services Partnership
Full-time
On-site
New York United States of America

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, Twitter, and Instagram.

The HR-SIG Summer Analyst will engage in a unique rotational program, gaining in-depth experience across the Strategic Incentives Group in the areas of Global Compensation Management (GCM), Global Equity, Personal Investment Management (PIM), and Compensation Strategy & Analysis (CSA). This role is designed for motivated individuals eager to learn about compensation initiatives and investment management within a dynamic financial environment. Analysts will gain comprehensive exposure to compensation strategies and investment management practices, practical experience that will enhance your understanding of the financial services industry, and opportunities to build relationships with professionals across various teams at Blackstone.

Duties & Responsibilities:

Global Compensation Management Rotation:

The Global Compensation Management (GCM) role focuses on the development, implementation, and administration of a full range of compensation initiatives.

  • Assist in the development, implementation, and administration of comprehensive compensation programs tailored to various business units, ensuring alignment with Blackstone's strategic goals.
  • Support the annual compensation planning process by collaborating with HR and business teams to analyze compensation data and recommend adjustments based on market trends and internal equity.
  • Conduct detailed compensation analyses, including benchmarking and modeling, to inform decision-making and contribute to projects that align with Blackstone’s compensation philosophy and regulatory requirements.
  • Partner with HRIS and Human Resources to ensure accurate data management, reporting, and compliance with federal and state regulations.

Global Equity Rotation:

The Global Equity Team is responsible for the administration, operations, and reporting for the firm’s equity-based compensation program. In partnership with the Global Compensation Management team, HR business partners and the business managers, the team helps determine equity-based compensation awards for professionals across the firm. This group is responsible for managing the daily operations associated with managing the program and for paying distributions to unitholders in connection with the release of the firm’s quarterly earnings. The team forecasts and records the equity-based comp expense and performs ad hoc reporting associated with equity holdings and coordinates with Finance to deliver financial reporting on impact to the firm.

  • Partner with the Global Compensation Team and HR Business Partners to value and execute new hire equity compensation awards.
  • Generate monthly and quarterly reporting for equity participants and management teams and complete ad hoc analyses of employee equity value.
  • Assist team members with SIG and Blackstone initiatives related to technology, reporting, and process improvement.
  • Collaborate with Payroll and Tax on the review and execution of equity deliveries across reporting jurisdictions.

Personal Investment Management Rotation:

The Personal Investment Management Group (PIM) coordinates and manages the firm’s co-investment and carried interest programs. This team plays a crucial role in the Blackstone investment process, overseeing investments from inception to distribution and managing their impact on financial statements. PIM is responsible for funding investment partnerships, structuring allocations, facilitating leverage, and distributing proceeds, while also specializing in investment-related compensation, including carried interest and incentive fees.

  • Collaborate with team members on projects related to employee participation in Blackstone’s alternative investment vehicles, enhancing your understanding of fund structures and investment economics.
  • Assist in the calculation of carried interest and capital distributions, gaining hands-on experience with financial modeling and valuation techniques.
  • Support capital call and distribution activities, as well as quarterly investment reporting, ensuring accuracy and timeliness in communications with stakeholders.
  • Perform detailed ad hoc analyses and create presentations for management and investors regarding individual and firm-wide investment holdings, enhancing your analytical and presentation skills.

Compensation Strategy & Analysis Rotation:

The Compensation Strategy & Analysis role will support firmwide compensation forecasting, budgeting, and ad hoc analysis. This role offers broad exposure across the firm and involves collaboration with various business and corporate groups to identify strategic opportunities for enhancing firmwide initiatives, processes, and programs.

  • Build and maintain dynamic financial models.
  • Provide inputs for firmwide compensation forecasts, highlight/explain variances and understand trends.
  • Gain an understanding of the impact of various proposals on firm’s financials.
  • Assist in enhancing reporting processes, analytics, and operations.
  • Perform strategic analyses and special projects, as well as execute group initiatives.

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 possess:

  • Strong verbal and written communication skills.
  • A desire to work in a team environment with dynamic roles.
  • A basic knowledge of accounting and finance.
  • Motivation to find solutions independently, and humility to acknowledge limits and uncertainties.
  • Sincere commitment to professional development.
  • Excellent attention to detail.
  • Intellectual curiosity.
  • Good judgment.
  • Strong work ethic and proactive.

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.


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:

$80,000 - $80,000

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 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.