Came across a New Business Research opening within PJT RSSG and was curious if anyone has insight into what the role actually does.
From the job description, it seems more like a support or middle-office function rather than being on the core RSSG team that's working on deals. It also looks like work that an analyst on the deal team could potentially handle, so I'm trying to understand why this role exists as a separate position.
Does anyone know:
- What the day-to-day looks like?
- How closely the role works with the deal team?
- Comp and exit opps?
- Whether there's a path to transition into a front-office RSSG role?
Appreciate any insights from people familiar with the group.
Based on the most helpful WSO content, there isn't specific information directly addressing the "New Business Research" role within PJT RSSG. However, here are some general insights that might help frame your understanding:
Day-to-Day Responsibilities:
While the exact details of the New Business Research role aren't outlined, it seems likely to involve tasks such as market research, identifying potential restructuring opportunities, and supporting the deal team with preliminary analysis. This aligns with the description of it being more of a support or middle-office function rather than directly working on live deals.
Interaction with the Deal Team:
Given that the role appears to support the core RSSG team, there may be some collaboration with the deal team, particularly in the early stages of identifying and evaluating opportunities. However, it is unlikely to involve the same level of direct deal execution responsibilities as front-office roles.
Compensation and Exit Opportunities:
Compensation for support or middle-office roles is typically lower than front-office positions. Exit opportunities may also be more limited, as these roles are not directly involved in deal execution, which is a key experience sought by many buy-side firms.
Path to Front-Office Transition:
Transitioning into a front-office RSSG role might be challenging, as these positions typically require direct deal experience and technical skills. However, demonstrating strong performance, networking within the firm, and acquiring relevant skills could potentially open up opportunities over time.
If you're considering this role, it might be worth reaching out to current or former employees of PJT RSSG to gain more specific insights into the position and its potential career trajectory.
Sources: Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School, Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School, Bain Capital PE vs PJT RSSG, The rise of business development roles in the industry
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It’s a support function. Used to be a lot of continuity in the seat but the guy who led it forever left a few years back.
I know a recent junior team member ‘exited’ from that role into a true analyst seat within RSSG which parlayed him into a buy side role once his analyst stint wrapped.
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