It's harder than ever to get an entry-level role at Blackstone

"During a September presentation, Gray said the firm's job acceptance rate for its 2025 analyst class dropped to just 0.2%, with 57,000 applications for just 138 entry-level roles. That's down from the already incredibly selective 0.4% in 2021, when 29,000 people applied for 103 first-year analyst roles. As the industry continues to grow in size - Blackstone, for its part, is managing over $1 trillion for clients - the private equity career path has stepped front and center for ambitious young people."

"But there's also a more direct cause: the firm is increasingly turning to recruiting entry-level workers, and moving its direction with candidates earlier and earlier, with contact as early as sophomore year. The importance of its summer internship is paramount. According to Taylor Kanfer, the firm's head of campus recruiting, the "large majority" of the firm's full-time analysts are hired through their summer analyst internship. Many of these 2025 jobs were already filled at the end of last summer."

Blackstone's job acceptance rate for its 2025 analyst class was 0.2%, with 57,000 applicants vying for 138 entry-level roles. The acceptance rate declined from 0.4% in 2021, when 29,000 people applied for 103 first-year analyst positions. Blackstone manages over $1 trillion in assets as the private equity industry grows, increasing the career's popularity and six-figure entry-level salaries. The firm is recruiting earlier, contacting candidates as early as sophomore year, and relies heavily on its summer analyst internship. The large majority of full-time analysts are hired through that internship, and many 2025 roles were filled by the end of last summer. The 2025 class began in July and includes graduates from more than 65 universities.

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