How would you compare PJT in London to the BBs (Citi / BAML / CS etc) in terms of "prestige", exit opps, hours and comp? Would it make sense to accept SA / FT offer from PJT over the mentioned BBs or lateral from one of the likes to PJT? Most important criteria would be lifestyle / hours and exit opps to PE.
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Lifestyle, hours, exposure, experience, pay, exit -> Cleary PJT
Depends on whether you want to do restructuring as well or not.
Go on Linkedin and and you'll see juniors lateral to PJT London from GS, MS, Citi, CS and even from the buyside but I couldn't find anyone at PJT that lateraled to another bank.
What deals has PJT London really won? It's still proving itself and working hard for it. Lean teams result in fantastic experience but I would expect to be working 6 days a week (full) if pitching and 7 if on execution
This is flatly wrong. Weekend work almost never happens. Hours are significantly better than other banks. 4 of us share an apartment together, all in ibd at either BBs or EBs. The PJT guy practically live in that apartment alone.
PJT is top 1-2 amongst EBs on the criteria you just mentioned. Those BBs are all on a tier below GS/MS. Would definitely take a top tier EB over a second tier BB
Thanks guys for all the input. Have heard the same story about the lifestyle.
Regarding the pay, I am not sure - All in comp, from what I could find online, is in line with what I got at one of the mentioned BBs (glassdoor says £90-95k for 1st year analyst) Can anyone confirm that or does anyone know what 1st year analysts made last year at PJT?
Dealflow is probably still building up, the deals they have on the website are almost all US.
Does anyone have insights on how their staffing pool works given they are all generalists, how much flexibility do you have in terms of sector you want to work in etc? Do they generally have the same resources as BBs, presentations team / india team etc.? Might be an irrelevant question at this point but I think that makes a huge difference to your day to day work.
Assuming you ever want to leave the finance industry, what do you think about the brand name vs BB? Obviously the name of Credit Suisse, BAML, Citi etc. is very well known but I think people (even some who work in finance) are not very familiar with PJT - any thoughts?
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