PJT Partners Off-Cycle vs. Jefferies FT vs. Moelis FT

Hello everyone. Got offers to join PJT Partners (M&A + RX) for an off-cycle, Moelis (M&A + RX) for a FT and Jefferies (RX) for a FT.

Can't really make up my mind on what is better, as PJT is considered top of the top and can probably convert into FT after the 6 months if I'm good. 

What do you think I should choose? Or is it better to start FT and lateral to PJT for instance? Any info on relative reputations in London?

Thanks any insight appreciated

7 Comments
 

Would rule out Jefferies RX, their RX team is quite small and rather new, and behind that of Moelis and (well behind) PJT. Then I guess it depends on your interest and how risk averse you are. If you are super interested in RX then PJT would be the obvious choice however the thing with off-cycles is that you never know about converting. I have seen people doing well but not getting an offer simply due to headcount restrictions so timing and luck are important. Would be worth looking how many off-cycle analysts at PJT ended up with an offer as it can vary by bank. Moelis FT would be the « reasonable » choice and you could lateral afterwards. That said if RX is your thing I’d go to PJT

 

Moelis ldn is hiring like crazy rn - expanding headcount very fast, would be most likely to convert there. Source: good friend of mine works there.

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