PJT's revenue declined y-o-y because of RSSG but their Strategic Advisory (M&A) group did pretty well. What's is the outlook for PJT M&A? In the earnings call, the CEO said they are going to invest a lion's share into strategic advisory. Also, actively recruiting so would love any info on total comps, perks, culture and how nice the office is.
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I'm at another EB but have a few friends over there from business school and know the platform well; the outlook is very strong. This forum downplays the strength of their M&A franchise relative to their RSSG, which quite frankly isn't fair given the latter has the same core of people from when it was part of BX. M&A on the other hand has been re-built from scratch post spin-off in 2015. Taubman successfully brought in his entire leadership team from when he was the head of Morgan Stanley's Investment Banking Division as well as a number of MDs from M&A and M&C (Deputy Head of the IBD, Head of Intl. M&A, Global Head of M&C, Head of Latin America etc.). They've also successfully recruited a number of top MDs from across the street. 20 out of their 50 partners have been at the Firm for less than two years, would anticipate significant growth as these folks continue to ramp up. Perks and comp are top of the street - AS1's cleared $400-450k, $35 for dinner and $30 for lunch, no frugality around drinks/ dinners on the firm's dime, well funded summer outings and holiday parties
Everyone underestimates their non-rssg groups because its just a bunch of interns regurgitating what they read on the forum without a direct source. And because typically PJT hires much less than other EB, less people come to defend the group.
NY office is one of the nicest offices I have seen with marbles everywhere. Looks like you are walking into a luxury hotel.
Also keep in mind that many of the undergrads don’t really care about most of what he wrote in that comment. They mostly care about exits, which is why they regard RSSG highly
Heard VP1s were $800k TC on the M&A side, almost 200k more than BBs ex-GS this go around
Does anyone know the Total comp for analysts?
bump
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