PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses. If the candidate quality wanes (and I think it is very likely to), prior BX analysts aren't going to pull strings and open doors any more. [13] He previously spent approximately 30 years at Morgan Stanley, where he was Co-President of Institutional Securities. Taubman also successfully poached three Morgan Stanley partners for the fledgling bank. Comparatively speaking, investment banking interviews are known to be extremely difficult. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). There are four challenges with developing those skills in a boutique environment: The first is that the primary selling point that boutiques have to offer (and I believe by and large they deliver on it) is senior level attention. There is supposedly another super day on Thursday. We provide one big solution to help you get every little part of the deal done right. The actual interview process at boutiques sounds similar to what youll face at larger investment banks, though they tend to start with phone screens more often as their human resources footprint is smaller. Contribute to the database and get 1 month free* Full online access! If you hover over the various sections of the donut, you will see the % breakdown of each score given. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). [1][6] PJT Partners' first day of trading was on October 1, 2015;[6] on the same day, it became publicly traded, listing on the New York Stock Exchange (NYSE) under the symbol PJT. It's just Blackstone's advisory business (so M&A and Restructuring) under a new name. Was that for FT or SA? Have a friend there who is a current first year - apparently a few analysts have lateraled out and the firm is considering upping pay to keep everyone else around. Let me try and elaborate this in as objective a way as possible. This means you are always working independently and you are a genuine valued asset and a member of the team. The most common PJT Partners email format is [first]. The number you see in the middle of the doughnut pie chart is the simple average of these scores. How did comp shake out? Contact & Company Search Sales Automation Conversation Intelligence Workflows. WSO depends on everyone being able to pitch in when they know something. or Want to Sign up with your social account? That individual simply gets much more training being the most senior banker on the transaction than their counterpart at an EB. I know PJT is now conducting OCR at NYU and probably at some of the above schools as well. PJT Partners, Inc. 280 Park Avenue, New York, New York 10017 United States (212) 364-7800 www.pjtpartners.com info@pjtpartners.com Profile M&A Team (73) Offices (8) M&A Advisory (66) M&A Clients (64) M&A Advisory Connections (114) Our users shared that the firm offers a great experience, compensation, and exit opportunities to summer analysts and full-time analysts. But if you are keen on Restructuring PJT all the way. PJT Partners Victory Capital Management FTI Consulting Berkeley Research Group Ernst & Young "Must have product for distressed analysis. Its not easy when you are a younger banker to realize just how difficult it is making a jump from being a good execution banker to a true lead banker, and its hard at BBs and EBs. or Want to Sign up with your social account? or Want to Sign up with your social account? Good point and that conflict of interest with GSO was one of the major reasons why BX R&R was spun out to PJT. Sitting an EB, you have to much more selective about how you use your resources (and they are always working for the top dogs, not you). Was bored at work today and ran a Factset screen for a few of the EBs to see how they're doing. half behavioral, half technical, how will you handle the repetitiveness of the job. PJT also tops the pay in London with CVP. Tougher than others I did but not horrendous. In the past six yearsit's gone from 353 to 753 employeesand from 46 to 99 partners. I think in NYC, Moelis, PWP, and Greenhill all offer the generalist M&A + Restructuring model. In the past six years it's gone from 353 to 753 employees and from 46 to 99 partners. We set the cutoff at around 100 hires over the last 4 years (~25 per year). Mollitia et delectus ea omnis qui. Commissioner, Joins Paul Taubman's Firm, "PJT Partners Inc. Enters into Agreement to Acquire CamberView", "Greenhill Targets Europe Hiring as New CEOs Displace Dealmakers", https://en.wikipedia.org/w/index.php?title=PJT_Partners&oldid=1134825733, Financial services companies established in 2015, Companies listed on the New York Stock Exchange, Articles with a promotional tone from January 2022, Creative Commons Attribution-ShareAlike License 3.0, Investment banking, Mergers and Acquisitions, Restructuring, Private Equity, This page was last edited on 20 January 2023, at 22:14. Any other situation, would never choose them over a real investment bank where you can earn real banking skills. Exit opps? Tenetur voluptatibus vitae et quia voluptate minima. The firm's restructuring and special situations team offers services that include advising companies, governments, creditors, and financial sponsors on distressed M&A, recapitalizations, reorganizations, exchange offers, debt repurchases and capital raises across industries such as automotive, consumer products, energy, financial institutions, healthcare, real estate, gaming & leisure, manufacturing, media & communications, retail, shipping, steel and transportation. Mainly DCF, valuation, accounting focused. However, I definitely expect to see some of the debtor-side market share shifting to Lazard or Rothschild as I believe the brand issue is a bigger deal than people anticipate. Qui voluptatibus fugiat incidunt recusandae. Non voluptates laudantium eaque dolor et praesentium omnis. To confirm, some SA offers have been doled out. Im going for FT, btw. So my career advice generally is that if you're an analyst or an associate, EB all the way (although I still find the best trained people are at MS or Citi M&A) but if you intend to make a career in banking, you are better off at a BB. NYC. Geographically, It generates a majority of its revenue from the U.S., with the rest from overseas markets.. Learn how and when to remove this template message, "Blackstone Successfully Completes Spin-Off of PJT Partners", "Goldman, Citi, UBS and a Guy in an Office", "Takeover Veteran Paul Taubman Aims High with PJT Partners", Paul Taubman Taking Reins of Investment Bank With Blackstone Ties, "Many Blackstone M&A bankers expected to depart ahead of spin off to Taubman", "PJT Partners Inc. Reports Full Year and Fourth Quarter 2020 Results", "PJT Partners | Company Profile | Vault.com", "Average pay per head may crack $750k at PJT Partners", "Here's the bank where you can earn the most on Wall Street straight out of college and it's not Goldman Sachs", "Paul Taubman Taking Reins of Investment Bank With Blackstone Ties", "Paul J. Taubman's M&A Boutique to Go Public", With $330 Million Award, Doctor Tops Banker in 2015 CEO Pay, Taubman lures more dealmakers to boutique, David Stern, Former N.B.A. See you on the other side! Company Details PJT Partners (NYSE:PJT) is a leading independent investment bank. Boutiques dont have to fill near as many seats, so they can afford to be selective. See you on the other side! Visit the report on WSO. But I'd say the single most important thing is to join the firm with the people you like. Don't know anything about the analyst experience, but a good number of the 2015 summer analysts seemed to want to go somewhere else. Summary. You cant just memorize answers to common questions you actually have to know how to work through it and provide quantitative answers.. 2005-2023 Wall Street Oasis. "PJT is a modern, forward thinking company that does well by its employees," said another and there was plenty more of the same. Were in an extraordinary risk on-market," he said, adding that he doesn't expect current conditions or the current pace of deals to continue "indefinitely" or even for "that much longer." Hardest questions would not give all info needed to answer and would have to ask as I went through. All Rights Reserved. Labore quasi nostrum libero magni sunt. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. There were typically seven seats in both the intern and analyst class; H/W invariably took at least five and the remaining two rotated between Duke/NYU/Michigan/UVA/etc. The third is that winning strategic M&A mandates is the single hardest type of business to win as a banker. 2023 eFinancialCareers - All rights reserved. Anyone here applied to their London office? You can read more about PJT Partners in the WSO Company Database. Basically just looking for an update/new info now that the firm has been around for a little longer and is really getting settled. Provident sit in dicta. Technicals not easy. Just guessing here, and I'd follow up with HR, but I think if you haven't heard back for a super day, it's probably over. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, Was assigned an analyst in RX who did about 5 min of behaviorals and then spend the latter 45 min doing technicals in exercise format (building simple DCF models, debt ratios, etc), 2 equal starting amounts, A case and B case with 5 years of varying cashflows, Referred by an analyst, HR reached out, had 1st round with an analyst. PJT Partners Is this your company? PJT Partners is a global advisory-focused investment bank headquartered in New York, with additional offices in Boston, Chicago, Houston, Los Angeles, San Francisco, London, Madrid, Paris, Frankfurt, and Hong Kong. Established boutiques Centerview Partners and Moelis and Co. fill out the top three, followed by restructuring specialist Millstein and Co., which reportedly just got acquired last week by fellow boutique Guggenheim Partners. Students Fugit aliquam repellendus nihil temporibus. But which banks put candidates through the most stress during the interview process? Did not get the offer, Walk through an LBO with given assumptions, and many questions where you need to ask questions to solve. This rating has been stable over the past 12 months. Hic aut molestiae blanditiis. or Want to Sign up with your social account? The number you see in the middle of the donut pie chart is the simple average of these scores. I love these threads. Names are made because of the great people who work at these firms. PJT just reopened a resume drop for SA on my target's careers website- they already had a drop earlier. Had a 1 on 1 interview with a VP in the group, How can a company increase liquidity? Autem vel id eius blanditiis et qui. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. The company generates its revenue from advisory fees, placement fees, and others. PJT RX senior team stayed intact for the most part with no significant departures. Analyst, Impressive Boutique Placement Agent, London, UK, Private Equity Praktikant/in (w/m/d) zur Verstrkung des Investment-Teams. The firm structure is similar to Evercore's. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Care for eachother, Care for the Community, Look to Grow, Low Testosterone in IB (or high finance in general), Tier 2 RX (Ducera/Gugg) vs MM IBD (HL, Blair, Piper, Baird), 101 Investment Banking Interview Questions, Certified Private Equity Professional - 1st Year Associate, Certified Investment Banking Professional - 2nd Year Analyst, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. It's going to take 3-5 years to really be able to say with certainty how placement at PJT holds up compared to the legacy BX advisory groups. I am quite confident with respect to technicals and M&A questions but consider detailed questions on RX to be my weak points. How many employees does 'Rothchold' (sic) have? You can read more about PJT Partners in the WSO Company Database. Anyone have any ideas why this is happening? PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses. They are obviously still in great hands with the senior team they have there and will still be a great RX group but I believe the next several years will be a rockier road for them than most people expect given their previous success. Employees does 'Rothchold ' ( sic ) have the most senior banker on transaction... I think in NYC, Moelis, PWP, and Greenhill all offer the generalist M & a and )! Business to win as a banker the third is that winning strategic &... 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