PJT Partners, Evercore Summer 2019 Recruiting Timeline ??

I see on the websites of PJT / EVR and other similar firms that applications for most divisions (including M&A and RX) for US locations are already open.

This is quite surprising since only JPM is open so far of all the BB's.

Is this for accelerated recruiting, and are they evaluating on a rolling basis? Should I apply now? Does anyone now the timelines (Accelerated and Regular) for those EB's?

131 Comments
 

Hopping on a sinking ship > Staying in the land of unemployment. Also if DB gets bought out, still a chance of retaining a job

 

Hi Mfakismm, do you know anything about this years timeline, and do you think I should apply ASAP? Also, can I PM you if that's better?

 

both tend to wrap up earlier than other EBs and BBs. EVR accelerated started in early August. PJT process started as early as mid-August. Would imagine same if not earlier timeline for this coming cycle

 

For my school: GS Superdays are expected to be by the end of April. Given this and the fact that it's earlier than their process for last year, it's likely that both EVR and PJT will accelerate even earlier than last year

 

PJT offers came out same day as superday (at least for RX). I believe that there are multiple different superdays for different schools, though honestly I don't know much about it and wasn't able to get an offer myself

 
Best Response

Here was my experience in September 2017 for RSSG (didn't get the offer):

8 spots for SA RSSG, 12 for M&A Usually 6 RSSG spots are taken by Harvard/Wharton kids

The RSSG superday had 5 interviews, 2 with associations, 2 with VPs, 1 with the Partner in charge of recruiting. The first 4 interviews were half technical, half behavioral. The interview with the Partner was all behavioral.

Technicals included: -LBO case - what is the IRR, what is the reasoning behind this purchase, how does this resemble a bond, mental math -bankruptcy case - what is each tranche of debt trading at at each time period when assets are x, what payment is the CFO worried about -details about the bankruptcy process -effects of different firm actions on common ratios (P/BV, P/E, EV/EBITDA)

 

I had my first round on Tuesday for the RX group. The interviewer told me that there is going to be a Superday on Thursday but I have no idea when they're sending invites out. I am a sophomore at a non-target.

 

Do you mind elaborating further on this? To make this claim, you must have known the details like SA / FT class size intake at each firm for NY office at least, and maybe the 2016 or 2017 class exits? Given it's such a small team, I figured you can pretty easily account for everyone. Would be great if you can share them with us.

On the deal flow, just did some digging on both firms' presentations and reports. Seems like PJT's team is twice as big (no surprise) if partners / senior MD count is indicative of size (13 vs 6, approaching 7 now if you count the incoming GS head of RX hire). On no metrics do I see EVR working of half on the deals that PJT does, maybe I'm missing sth? If you'd be so kind to enlighten on this as well.

 

Heard back from an analyst in their real estate group that they were completely done w recruiting--are you sure? This is relevant to me because I'm coming from a non-target.

 

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