BXMA- Total Portfolio Management: Portfolio Management, Associate

Blackstone; New York (NY); On-site; USD 150,000 - 175,000; Full time

Benefits offered by this job

Health benefits

Discretionary bonuses

Equity potential

Job summary

Blackstone is seeking an Associate to join the Total Portfolio Management (TPM) team in developing multi-asset investment strategies and producing client-ready materials. You will work closely with TPM leadership, portfolio managers, and client teams to translate analysis into actionable content.

The role emphasizes asset allocation, portfolio construction, risk assessment, and clear, persuasive presentations for senior stakeholders. A strong writing and communication background is essential.

Qualifications

• Bachelor’s degree in finance, economics, business, or a related field.
• 3 years of investment management experience, ideally with endowments, foundations, pension funds, or similar institutional investors.
• Knowledge of investment concepts, portfolio management, asset allocation, and manager due diligence across diverse asset classes.
• Exceptional writing, communication, and visual presentation skills; effectively translates complex investment concepts for senior-level audiences.

Responsibilities

• Translate portfolio positioning, market views and analysis into clear, client-ready materials.
• Assist with asset allocation, portfolio construction, liquidity management, and performance monitoring, ensuring findings are reflected in presentations and reports.
• Prepare high-quality content—including decks, briefing memos, agendas, and meeting materials—for senior leadership and client engagements.
• Research and synthesize market trends, risks, and opportunities to inform TPM’s investment discussions and strategic materials.
• Collaborate across TPM and client-facing teams to ensure consistent messaging and value proposition.
• Ensure compliance with investment policies, data standards, and regulatory requirements across all analytical work and content.
• Leverage technology and data tools to enhance content quality and analytical rigor.

Skills

Analytical skills

Quantitative skills

Writing skills

Communication skills

Presentation skills

Visual storytelling

Relationship management

Strategic thinking

Collaborative mindset

Discretion & integrity

Education

Bachelor’s degree in finance, economics, business, or related field

Tools

None

Job description

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, X, and Instagram.

Business Unit Overview:

Blackstone Multi-Asset Investing (BXMA) manages $96 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.

BXMA’s Total Portfolio Management business manages total portfolios on behalf of select clients (families and institutions). The portfolios are customized to client-specific objectives and aim to outperform traditional portfolios by embracing a long-term time horizon, flexible asset allocation, and robust portfolio construction. Total Portfolio Management’s open architecture approach combines external investments, private market strategies, direct investing, and the Blackstone ecosystem.

Job Description

The Associate will support Blackstone’s Total Portfolio Management team in the development, implementation, and communication of multi-asset investment strategies. This role is grounded in core portfolio management responsibilities-supporting asset allocation, portfolio construction, performance evaluation, and market analysis-while placing a meaningful emphasis on producing high-quality strategic content, including briefings, decks, and materials for senior-level leadership and clients. Working closely with TPM leadership, Portfolio Managers, and client-facing teams, the Associate will help drive rigorous investment analysis and translate that work into clear, compelling outputs that enhance decision-making and client engagement.

Responsibilities

• Support the development and implementation of investment strategies by helping translate portfolio positioning, market views, and analysis into clear, client-ready materials.
• Assist with asset allocation, portfolio construction, liquidity management, and performance monitoring, ensuring findings are reflected accurately in presentations, briefings, and reports.
• Prepare high-quality content-including decks, briefing memos, agendas, and meeting materials-for senior-level leadership and client engagements.
• Research and synthesize market trends, risks, and opportunities to inform TPM’s investment discussions and strategic materials.
• Collaborate across TPM and client-facing teams to ensure consistent messaging, alignment, and effective communication of TPM’s capabilities and value proposition.
• Ensure compliance with relevant investment policies, data standards, and regulatory requirements across all analytical work and content.
• Leverage technology and data tools to enhance content quality and analytical rigor.

Qualifications

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:

• Bachelor’s degree in finance, economics, business, or a related field.
• 3 years of relevant investment management experience, ideally with endowments, foundations, pension funds, or similar institutional investors.
• Knowledge of investment concepts, portfolio management, asset allocation, and manager due diligence across diverse asset classes.
• Exceptional writing, communication, and visual presentation skills; effectively translates complex investment concepts for senior-level audiences.
• Strong analytical skills and attention to detail.
• Effectively manages multiple projects and deadlines in a dynamic environment.
• High level of discretion, professional integrity and professional judgment.
• Collaborative mindset and willingness to work closely with cross-functional teams.
• Strategic and critical thinking skills.
• Presentation development and visual storytelling skills.
• Relationship management skills.
• Analytical rigor and process discipline.
• Risk awareness and mitigation skills.

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:

$150,000 - $175,000

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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 contact Human Resources at 212-583-5000 (US), 44 (0)20 7451 4000 (EMEA) or 852 3656 8600 (APAC).

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 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.