Career

What Billionaire Steve Schwarzman Learned From 3 Key Career Mistakes


6 min read

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With an estimated net worth of $23.5 billion, numerous appearances on Bloomberg’s most influential people of the year lists, private equity titan Steve Schwarzman is the last guy you’d expect to be the son of a ‘dry goods’ salesman. 

As it turns out, the CEO and co-founder of Blackstone has plenty of stories worth sharing about his climb into the private equity stratosphere. And not all of them are about his humble beginnings.

Here are Steve Schwarzman’s top three mistakes, what they taught him, and

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Do You Really Need to Hire a Career Coach?

A doctoral student recently asked whether I would be willing to meet with a couple of her friends — unconnected to our university — to discuss their new business venture: career coaching for Ph.D.s leaving academe. As an administrator who advises graduate students, I get a lot of meeting requests and I almost never decline, but I declined that one.

Referring graduate students to academic and professional resources is part of my job as director of interdisciplinary advising and engagement at Duke University. But I can’t endorse anything that will cost the students I advise more money than they are

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Joe Smith Reflects on Career, Wins Over Alvarez, Hopkins

This Saturday night, Joe Smith (26-3 21KO’S) will challenge for the vacant WBO world light heavyweight title in the main event on ESPN against Russian veteran, Maxim Vlasov (45-3 26KO’s). The fight was rescheduled from February 13, to April 10, due to Vlasov testing positive for COVID-19. 

The WBO world title is up for grabs after it was vacated by pound for pound star, Canelo Alvarez in December of 2019 after he knocked out then champion, Sergey Kovalev.  

Q: You beat Fonfara as a 18-1 underdog, what was that like for you?

A: “That was a night I will never

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Abreu slams 200th career homer, White Sox topple M’s 10-4

Jose Abreu hammered a grand slam into the second deck for his 200th career home run, Luis Robert and Zack Collins both went deep for the first time this season and the Chicago White Sox beat the Seattle Mariners 10-4 on Tuesday night.

A miserable night for the Mariners began when starting pitcher James Paxton exited early due to a left forearm strain, and continued with a barrage of long balls from the White Sox.

“Obviously, you don’t want to lose a ballgame, but even more disappointing when you lose a couple of players,” Seattle manager Scott Servais said.

CLICK

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Barry Alvarez promised and over-delivered during his Wisconsin career

Wisconsin athletic director Barry Alvarez is set to retire in June, 31 years after being introduced as head coach of the Wisconsin football team.

From the moment he stepped to the podium on January 2, 1990, Alvarez promised a lot to a fanbase that was years removed from watching winning football.

And boy, did he deliver.

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Mentors are great. But a sponsor could really help your career

Although much has been said about mentorship, sponsors can advance your career in a way that mentors can’t. And while the two are often confused, there are distinct differences.

In a mentorship, a more experienced person gives guidance to a more junior person. In a sponsorship, a more senior person proactively invests social capital and clout in a more junior person, according to Sylvia Ann Hewlett, economist and author of The Sponsor Effect.

Sponsors can get you noticed both inside and outside of your company, create opportunities that help you progress more quickly and give you confidence and courage … Read More