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Blackmore Partners

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Blackmore Partners reviews

3.4

68% would recommend to a friend

(95 total reviews)

Gerald O'Dwyer

54% approve of CEO

37% positive business outlook

Blackmore Partners has an employee rating of 3.4 out of 5 stars, based on 95 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Blackmore Partners employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

95 reviews
1.0
Sep 16, 2015
Recommend
CEO approval
Business Outlook

Pros

No Pros to be honest. You can make phone calls everyday or check linkedin for the managers.

Cons

Bad treatment. You barely learned something. The boss just didn't care about the interns. Interns get no payment.

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Blackmore Partners Response
10y
Thank you for your feedback! As you noted, you get what you put into it. There is a reason we only added the three month summer internship to accept in-school students this year, to help the higher work load due to deal flow we are having this summer. However, with the recent two 3-month in school students quit with one email the night before and the other no show with no communication for some days at the last week the person promised will be there to transition the person's tasks to others , we are reconsidering if we will do the same next summer again. talking to executives and listening to the client meetings, preparing and do companies research are related to M&A activities. If you have a way of thinking how M&A should be already, then you should not need to come here to learn our model, as we also tried to explained our model in the interviewing stage and training period. People only had done 1 month or so of the internship then quit, we cannot say if what you have experienced is the same as other interns who completed 3months or full 6-months had experienced, but we thank you for your comments and suggestions. We made it clear that your 3-month internship and our process will not likely to involve transaction. If we do have the needs, we will need more experienced people like other firms do. For using Bloomberg, we are still in conversation and discussion with them, and after the trial, every company has right to compare with other tools and make decision by their needs and budget. What I don't understand here, is that many people I have noticed, don't communicate directly with their company or supervisor if they do have disagreement or different point of views with the company policy or goals. if you just quit in one day, then come up to this social media place to share what you think, there is no stand you are taking, and how you can make a difference in any organization? We have exit survey and review, and we also don't see you put those comments and suggestions as you put here onto your complete survey. We will continue to improve our communication with our interns, so they may take this as a place they can grow and see their career goal and direction from here (many of them do, and they got the jobs they want after exploring and doing things here). There are so many things we cannot explain enough. Again, we appreciate all the suggestions and criticism, We will take back to examine ourselves. We also have commitment to our interns who takes their time here, no matter what they think this internship is for them in the end. The program is designed to be a boot-camp, nothing easy about it. The internship is designed for those who want to get jobs period! And those that complete it get great jobs because they got the experience that employers want; the ability to be on time, the ability to do the same tasks over and over and faster and faster and to figure out how to be better at it. The treatment is very "get the job done culture" and not for those that need praising is spot on.
1.0
Apr 26, 2020
Recommend
CEO approval
Business Outlook

Pros

Interns can get some exposure to M&A if they are Freshmen or Sophomores.

Cons

I would like to share my insights into this business and this position based on my two months of experience at BMP, and my suggestions for all the stakeholders. Those comments may be long, but it will be worth your time. Trust me! The core value of the business is to scam executives to buy their membership services so that those executives can help them source deals and close deals for them. Gerald said you did not have to pay them, and they will still work with you. However, he will not work seriously with you if he cannot get any money from you, since it is just a scam. They are also working with some deal partners to seek funds from LPs and GPs to close deals. But they only closed 4 deals in 15 years. Here are my comments for all the stakeholders. • For Executives: I know BMP and BMC will promise you that they will offer you great training and a great future with PE firms if you decide to pay membership fees. However, they are just drawing a pie in the sky! BMP will let you use your own resources to source deals for them and they can present the deals and you to PE firms. In other words, executives are helping them source deals so that BMP can get fees from PE firms, by GIVING MONEY TO BMP! One executive called the office and he got super emotional to Gerald since he worked with BMP for about one year and no PE firm hired him! The only thing Gerald told him about was to keep patient and work harder! • For interns: Your experience at BMP cannot be your resume builders. How many deals have they closed? Only 4 deals in 15 years! They are Humanetics, Northwest Mailing Service, The Lion Brewery and Logistyx. You can check their website. What kind of PE firm can only close 4 deals in 15 years!!!!! You cannot get any actual transaction experiences since they just cannot close deals with so many excuses! I know they are always trying to persuade interns that you will get more experience if they work with them for more than 6 months since you can get more exposure to transaction opportunities with longer internship programs. However, most interns will only do administrative works, and if you did those tasks in a wrong way, they will not hesitate to yell at you and tell you that this is finance world!!! There four main things interns need to do every day: 1. BMP posted a lot of fake jobs on LinkedIn and scam people to apply for those jobs. Interns check emails and title their resumes to sales force. 2. “Mandate emails”- Interns will find qualified executives and email them so that BMP can scam them to buy their services. 3. BMC Outreach- Email and cold call PE firms to market their conferences service. Intern will need to send more than 200 emails per month and cold call those PE firms. Some PE firms have already marked them as spams, and they may hang out in a minute if interns tell them that they are working for BMC. 4. NDA review- That is probably the most valuable thing those interns are doing. BMP cannot afford legal document review fees so that they let interns review NDAs and agreements, to support Manchit in negotiating with investment bankers and PE firms. You probably have noticed that most duties are not related to PE. That’s why I said interns cannot build their career by wasting their time and money in BMP. They always say that they want to pay interns, but those interns cannot help them, because of their limited contribution. First, BMP cannot close deals anyway, as I mentioned. Second, those interns are helping BMP organize BMC conferences every two months. BMP should pay those interns since they are helping BMC make money! • For PE firms: BMC actually recommend some really good executives to PE firms. I would recommend BMC’s conference services to PE firms. Those conferences are very helpful to build in person connections with industry experts. I spent more than one hour explaining why executives and interns should not work with them because I hope no one will be scammed again. I know job searching is frustrating but there is no easy way to achieve your career goal. I had one great paid intern and now I am working in a fast-growing finance institution, by my efforts, not by my experience in BMP. Actually, I never talked about BMP in most of my interviews because I know interviewers will google BMP and they will know BMP's glassdoor reviews, which will harm my personal brand. AND YOU DO NOT WANT TO HARM YOUR PERSONAL BRANDS BY WORKING HERE!

1.0
Sep 6, 2015

Do Not Work Here!

Recommend
CEO approval
Business Outlook

Pros

Some of the interns are kind of cool, there really is not much else I can say in terms of positives. Really the fact the other people I worked with got me through this place. Otherwise it is something to put on the resume.

Cons

i remember several occasions the CEO would swear and yell at other interns, absolutely not professional behavior. Especially for people who work for you for free. I really did not learn anything in this internship and as far as networking to a new position- everyone I worked with that moved on to something better got the positions outside of this place. It really seemed very exploitive of an intership.

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Glassdoor has 210 Blackmore Partners reviews submitted anonymously by Blackmore Partners employees. Read employee reviews and ratings on Glassdoor to decide if Blackmore Partners is right for you.