Blackstone

@chase_enloe

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Blackstone

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Why it worked

The video effectively uses a clear, step-by-step visual breakdown of a complex financial concept (compensation structure) to explain why a high salary doesn't translate to immediate wealth, making it relatable and informative for a finance-interested audience.

Summary

This video breaks down the compensation of a Blackstone VP, showing how a $750,000 annual salary results in a take-home pay of only $210,000 due to deferred stock, taxes, and a mandatory co-investment fund. It argues that private equity defers wealth rather than paying it out immediately.

Structure

1Introduction of Blackstone VP salary
2Explanation of deferred stock
3Calculation of cash compensation after taxes

Original caption

🚨 Blackstone keeps you poor until your deferred comp pays off… then you’re RICH #investmentbanking #wallstreet #finance #financecareers #careeradvice

More from @chase_enloe

Product placement

Blackstone: (a) it ACTS - it is the employer whose compensation structure is being explained, and its deferred stock and co-invest fund are discussed as mechanisms of compensation. Removing it would change what happens in the video. (b) it merely APPEARS - its logo appears at the top of the screen. Removing it would not change what happens in the video.

On-screen text

Blackstone How Blackstone actually keeps you poor (until later) $750,000 Total annual comp - $200,000 Deferred stock Not cash • vests over 3 years $550,000 Cash comp -45% Federal + NY state + NYC tax $310,000 After tax - $100,000 Fund co-invest Technically optional • locked up ~10 years $210,000 Spendable comp Private equity doesn't pay you. It defers you. GREAT MONEY. JUST NOT $750K IN YOUR POCKET.

Transcript

A Blackstone VP makes $750,000 a year. But take-home is closer to $210,000. Here's the math. First, $200k of that isn't even deferred cash. It's deferred stock that vests over 3 years. Great early, you forfeit it if you leave. The $550k left, you take roughly 45% once you stack federal, state, and city. So you're at $310k. And then the firm invites you to co-invest $100k in the fund. Technically optional, not practically. That money's locked up for a decade. $210,000 left. That's great living. It's just not $750k in your pocket. Private equity doesn't pay you. It defers you.