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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
Jun 3, 2015

M&A Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Few skills and meet some right colleagues

Cons

almost everything, atmosphere, work environment

2.0
Aug 20, 2013

It's amazing that this place still exists

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-Exposure to the PE industry -Networking skills -Interns are typically fun, good people

Cons

-No pay -Ridiculous expectations for a nonpaying job -No technical PE experience (modeling, due diligence) -You will basically do all the thinking and labor for the "managing director" -NO ONE knows the last time when they closed a deal. This is interesting because I see this place resort to more and more desperate measures. For example, this place is supposed to be sourcing deals for private equity, BUT if you peruse LinkedIn you will notice that they have basically become nothing more than a glorified hiring firm (which they try to disguise by calling it "Talent Acquisition"). When I worked there, the boss was trying to get interns to rent a room in his house/apartment (I don't think anyone took him up on his offer). Whatever makes a couple bucks, eh? -The boss's wife works there. -There is absolutely no room for growth, unless you consider making $1000 a month a huge step up in the world. -The previous office was in a desolate building that was falling apart. It had a bad rodent problem. They have since moved offices (I have no idea what the new office is like). -You will be nothing more than a glorified telemarketer. -Oh yeah, that bonus you get if a deal closes? Probably nonexistent. If a deal actually does close then they certainly won't share anything with you. Read the contract they want you to sign. Better yet have a lawyer read it for you.

avatar
Blackmore Partners Response
11y
As a part of the screening process we ask all applicants if they are okay with the unpaid aspect and not doing any financial modeling or quantitative analysis. Want to hear what the former President of Pepsi says about Blackmore and their business model? Go to the following YouTube : https://www.youtube.com/watch?v=VsepnBlPT5U Talent Acquisition for Private Equity is an important part of our business that grew out of our work with PE. It is more common for these deals to close than those related to PE because it is a much quicker process. Making phone calls is an intern responsibility but it is only one of several tasks to be completed throughout the day. Interns are making follow up calls to executives that submitted their resumes to us and this task is extremely beneficial for developing communication skills and a professional demeanor. Employers value individual who can do more than text as a way of communication. Interns that have significantly contributed to the completion of a deal will receive a commission. The terms of this arrangement will be agreed upon in advance and a contract will be signed. Our program was modeled after "Junior Achievement. You get out of it what you put in. If you got nothing out of it, likely you did not apply yourself. Since 2005, we estimate over 300 interns have gone through the program. The internship is a "training program" with clear and measurable written outcomes to develop those who cannot get a job in todays market. Blackmore is only for those who want to cannot get a paid position because they lack training and experience. Those that complete the program gain measurable, repeatable skills valued by employers. Consider you were scammed by your college. After four years of college you were not employable, they took your money and did not deliver. Your college did not have the respect for you and others of your generation to deliver what the market needs in an employee. In six months at Blackmore you build professional and communication skills that employers value and will pay you to come aboard. Also we are hiring: http://www.glassdoor.com/job-listing/ma-advisory-internship-private-equity-unpaid-6-month-JV_IC1128808_KO0,52_IE308034.htm?jl=1355930690&paoIdKey=MA== The evidence is clear! Blackmore Interns get jobs because they they learn skills that make the marketable. Did you know that Blackmore continues to expand? Blackmore hires forth partner to expand deal making. Dateline: Chicago, April 3rd, 2015 Yelena Edelstein has joined as a Partner at Blackmore Partners Inc. – a Chicago-based Private Equity Independent Sponsor firm that, since 2005, has been partnering with highly accomplished executives to acquire and build leading companies. At Blackmore, Yelena is responsible for investment thesis development, deal origination, due diligence, valuation, and transaction execution. Prior to Blackmore, Yelena was Principal at Amicus Capital Partners – a Chicago-based Private Equity firm with deep expertise in medicine and the business of healthcare, and exclusive focus on the healthcare industry. Prior to Amicus, Yelena has founded two independent consulting firms: a technology consultancy specializing in the design and architecture of strategic technology solutions, and a management consultancy focused on business architecture and capability-driven strategy. Throughout her consulting career, Yelena consistently stayed at the frontier of the technology and industry curves to deliver innovative business and technology solutions for Fortune 500, mid-size, and start-up companies across Insurance, Financial Services, Healthcare, Pharmaceutical, Telecom, Human Resources, Leasing, and Restaurant/Retail sectors. Yelena’s clients include Allstate Insurance Company, Discover Financial Services, McDonald's Corporation, Options Clearing Corporation, CVS/Caremark, Hewlett-Packard. Yelena is a member of the Clinton Global Initiative America and serves on the Leadership Council of Upwardly Global. She is a mentor at MATTER, Chicago's new hub of healthcare innovation and entrepreneurship. Yelena received her MBA from Northwestern University Kellogg School of Management and completed coursework in Mathematics and Informatics at universities in Ukraine and Russia.
1.0
Jul 29, 2010
Recommend
CEO approval
Business Outlook

Pros

1. Possibility to utilize the company's "networks" on Linked-in after jobs be done. 2. Your self-discipline will improve for you will need it to suck up the whole job. 3. You will witness the best business model of ZERO overhead: ALL of the employees are unpaid.

Cons

1. In short, this is a blood-sucking company disguised by Managing Director's entrepreneurial spirit. Don't be fooled. 2. It does not matter what the titles/positions are, unpaid interns are used as telemarketing tools, making phone calls for potential business opportunities (to the Managing Director, not you). 3. Unpaid is not an issue as long as it is a good learning environment. Unfortunately you will not find it here. 4. If you are in already, try to get out. Further, DON'T attend it's extracurricular events. Ppl there will ask you to spend big bucks on some self-improvement materials. 5. Be aware of some counter comments on the internet. Most of them are done by current poor unpaid interns, which is part of its "social marketing."

avatar
Blackmore Partners Response
11y
Thank you for your feedback. Want to hear what the former President of Pepsi says about Blackmore and their business model? Go to the following YouTube : https://www.youtube.com/watch?v=VsepnBlPT5U Our program was modeled after "Junior Achievement. You get out of it what you put in. If you got nothing out of it, likely you did not apply yourself or have the right mindset to succeed. Since 2005, we estimate over 300 interns have gone through the program. The internship is a "training program" with clear and measurable written outcomes to develop those who cannot get a job in todays market. Blackmore is only for those who want to cannot get a paid position because they lack training and experience. Those that complete the program gain measurable, repeatable skills valued by employers. Consider you were scammed by your college. After four years of college you were not employable, they took your money and did not deliver. Your college did not have the respect for you and others of your generation to deliver what the market needs in an employee. In six months at Blackmore you build professional and communication skills that employers value and will pay you to come aboard. Also we are hiring: http://www.glassdoor.com/job-listing/ma-advisory-internship-private-equity-unpaid-6-month-JV_IC1128808_KO0,52_IE308034.htm?jl=1355930690&paoIdKey=MA==
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