Depends on your interest. Assuming you would be in a good team at Citi, Citi may be better for M&A. But if you are keen on Restructuring PJT all the way. PJT’s culture is nice although hours are long as you might expect at a boutique. PJT also tops the pay in London with CVP. Exits: you should be fine with both, although PJT had some stellar exits, especially on the SS/Distressed side of things

 
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Take PJT, it's not even close. The Citi analyst class size is 70-80 people, the PJT one is less than 10. This means you are always working independently and you are a genuine valued asset and a member of the team. You get to cut your teeth and large M&A transactions and high-profile Restructuring deals at the same time, which allows you to recruit for PE funds and distressed funds simultaneously. Above everything, you get to be in Mayfair instead of Canary Wharf - which means Soho is within your Deliveroo radius. Your training is in New York.

Your pay is higher too, though PJT recently cut pay this year by quite a lot. PWP actually pays the most right now.

 

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