17 Mar 2017

Schwarzman on Blackstone and the Value of an MBA


(via Poets & Quants)

Many b-school students covet a career like the one Steve Schwarzman (MBA 1972) has had. He became a managing director at Lehman Brothers when he was 31. Seven years later, he cofounded Blackstone, an investment firm that he grew from a $400,000 startup to a market leader with $330 billion dollars in assets under management. Along the way, he has emerged as a patron of education, best known for launching the Schwarzman Scholars, an academic and cultural immersion program designed to foster deeper ties between the United States and China.

In a new interview with Poets & Quants, Schwarzman talks about:

  • The team-oriented culture at Blackstone: “We’re not looking for people who want to create more stress with people around them”;
  • The value of an MBA education: “It’s a wonderful laboratory to learn about people, content, and process”;
  • A classic mistake of newly minted MBAs: “They accept too many things. And then they can’t finish them on time and they disappoint the people who asked them to work on those things.”

Read more.

Featured Alumni

Featured Alumni

Class of MBA 1972, Section H

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