PJT & other EB, BB Acceptance Rates
I was reading around and heard that the PJT internship acceptance rate (that I did not get an offer for lol--or at least haven't heard back from yet [see my other post]) was around 0.5%, and after reading a transcript of PJT's earning call yesterday, their CEO seemed to confirm this when he said something along the lines of there were over 4000 applications for under 40 spots. I'm assuming RSSG and Strategic Advisory/M&A must have been marginally more selective than their Park Hill group, so I can't imagine what those groups acceptance rates would be.
Anyways, are other EB and BB investment banking offers this hard to come by? Does Evercore, Centerview, GS, MS IBD, have "acceptance rates" well under 1%? This statistic seems out of this world (significantly harder than the best undergraduate and graduate schools), especially considering I would think that most people haven't even heard of pjt partners (outside of econ/finance focused harvard/wharton college students), but maybe I'm wrong.
I've searched around this site and there doesn't seem to be many data points or topics about this. Does anyone have more info or thoughts on the topic? Thanks!
I know Blackstone used to boast that it was at least 6x harder to get a job there than get into Harvard.
Acceptance rates at EBs will need to be lower than at BBs given the smaller size of the classes. Receiving less applications than BBs will not make up for this, given that anyone who does his research / knows anything about the industry will apply to every major IB.
The acceptance rate at GS is around 3% and at MS it's around 2 % (http://fortune.com/2016/02/09/goldman-sachs-job-rate/). Therefore such an acceptance rate for PJT isn't shocking.
Think that makes sense. For example, Evercore's M&A class is around 20-30 and rx at Evercore fluctuates between 2-4 each year. Online apps for EBs generally tend to be, from what I've heard, black boxes. When you look at the PJT, Moelis, Centerview, Evercore, etc. acceptance rate based on OCR I'm sure it's more around 2-3%.
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