Blackstone — Private Equity Summer Analyst

Summer Internship · Private Equity · Corporate Private Equity

Status

Closed

Location

New York, NY

Level

Internship

Deadline

15 July 2026

Status checked against the firm's careers feed — last synced 9 October 2026.

Key details

Application deadline: 15 July 2026
Cover letter: Required — see our investment banking cover letter guide.
Visa sponsorship: Listed as available for this programme. Eligibility is normally set per vacancy and per location, so confirm the wording on the listing.
Process: OA→Case→Superday

How to prepare for this one

Internship processes at this level test technical fundamentals, structured communication and firm-specific motivation.

Lev sits on a three-legged stool whose legs are marked technicals, structure and why this firm. The last leg is short, leaving a gap marked the gap, and the stool is tipping. — Three legs are tested. The strongest two do not hold up the stool on their own.

Practise it, don't just read it

Free, no sign-up, and short enough to finish before you submit.

DCF Builder15 minBuild a discounted cash flow valuation from its drivers. Five years of unlevered free cash flow, terminal value two ways, discounting, enterprise value, the bridge to equity and an implied share price, each step checked.Unit Economics12 minMost LTV:CAC figures are revenue-based, undiscounted and summed to infinity. Build the one you could defend, and treat payback as its own question.

Build the model this seat is tested on

A working Excel model with live formulas. Work with it online free: change the inputs and watch it recalculate. A free account also takes the starter workbook to build yourself.

Leveraged buyout model60 minSources and uses, a cash sweep, sponsor returns

Browse all 19 models

Walk in with something

Each of these produces a piece of work an interviewer at Blackstone can ask you about. Free to run as a preview; Pro runs the full version on the stronger engine.

LBO Sanity CheckFreeReturns-driver decomposition + challenge listAbout 20 min of your time Company ProfileFreeCompany one-pager (profile page inputs)About 25 min of your time Model AuditFreeStructured error/risk reportAbout 45 min of your time

Also open in Private Equity

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Before you send it

Blackstone screens on the document, not the intention. Suro reads your CV the way the screener will and writes back in the margin: structure, whether the bullets carry evidence, and whether it survives the parser. Back within 48 hours.

CV review, $25

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