PJT London vs Citi London
I have 2 outstanding offers for a SA 2023 position at Citi and PJT London- any thoughts/ advice on which to choose would be very much appreciated!
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...unless you want to work in RX
Citi's ib floor has rats & mice vs PJT which is in the heart of mayfair with sexy fish nearby + the ferrari store to motivate you to work harder.
People on here tend to say that for EMEA, PJT is worse than US BB's, but I keep on seeing either (i) very strong candidates ending up at PJT, or (ii) people from BB's (think MS/GS/JPM) lateralling to PJT. What am I missing here?
I) interest in RX work or higher pay
II) bankers with much less interest in exit opps, so higher pay
To the OP, go with Citi. PJT provides a really specialized career start (RX) so if you had great interest in it my guess is that you wouldn’t be dubious.
Also people are lied to on here and think that boutiques are just as good as BB just like in America
Contrary to a lot of stuff that gets posted here, PJT in London is no where close to being as good as PJT in the US. If you simply care about higher comp (which isn't a bad thing...) then sure go for PJT but don't kid yourself that you'll work on anywhere near as many deals as you would at any other bulge / Citi. Anyone who tries to convince you otherwise about deal flow is full of sh*t...fairly easy to see what deals get announced in the market are and who the advisors are. Rarely see PJT. Yes, fully appreciate that some deals go announced without advisors necessarily named, but that is not as common and certainly doesn't account for the gap in deal volume.
This is mainly for M&A though, their RSSG platform is strong in London
Sure. Unless you have a specific, well thought through, super compelling reason for doing restructuring (which in my opinion would be odd to have, particularly for an analyst with likely 2 years of grand total career experience), most people would be better of doing regular way coverage / M&A work. In that case, frankly any bulge in the UK would be better than PJT if looking at deal experience gained. Comp is another discussion.
Am I retarded? Are SA applications even open for Citi?
Probably got SW conversions. PJT only opened at the start of the week, and Citi are yet to begin recruiting
Thanks, I was hoping that was the case.
bump
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Citi.
Rarely see PJT on any large-cap M&A mandates, whereas constantly see Citi pitching/executing.
PJT might be better as a senior to lateral due to better pay, 'eat what you kill' culture at EBs, whereas it's much easier to build out your client base at a US BB given the ability to cross-sell across many products. Citi clearly on the rise too, ranking 4th globally in M&A fees, and 4th in EMEA IB fees in 2025 - clearly a focus area for Fraser/Vis. Much broader exits too in case you'd wanna leave finance.
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