PJT Secondary Advisory vs. JPM S&T for IB/PE and MBA Exit Opps

My long term goal is PE/IB. I'm considering the idea of getting an MBA down the line if I'm not in IB in a few years. Which of these two positions gives me the best chance of moving to IB either internally within the firm after 1 year, moving to another firm after 1 year, or getting into a top MBA program (HSW)?

I understand that both are great positions, but ultimately I am set on making it to IB first then to PE down the line. PJT SA is closer to IB but the work is different from traditional IB so might still be hard to switch. And if I can't make the switch within 2 years, then I'll get an MBA and recruit as a post MBA associate (I'm fine with being a career banker). My thought process is that JPM will be better for getting into a top MBA due to brand name over PJT as far as MBA adcoms are concerned.

What are your thoughts?

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PE and IB are very different. It is highly unlikely (like very very unlikely) you'd be able to go from S&T to PE. The best route I can think of is JPM S&T -> JPM IB -> PE, but again, you'd have to network a lot and go through internal mobility which can be a hassle. In terms of MBA, I really don't think there's a difference between the firms. I am completely in the dark in regards to PJT's internal mobility program, if one even exists. If you want to do IB long term, PJT is an amazing shop post MBA, so there's also that consideration. Also, you did not mention if this is for a summer analyst or FT analyst. If it is a summer analyst, I'd try to switch for FT.

 

This is for FT. Assuming PJT internal mobility down the line is not an option, is JPM S&T -> JPM IB more likely or PJT SA --> IB elsewhere.

How close is PJT SA experience to regular IB experience?

 
Funniest

If this were PJT M&A, especially if it were RSSG, then hands down PJT for all of the above. However, by secondary advisory you mean Park Hill right? In that case I'm not sure what the exits are like or the MBA brand, but it will definitely be a (few) tiers lower than PJT.

JPM S&T is a great place to start if you're interested in S&T. However, there's not traditional S&T to PE path. MBA is doable, with JPM name and S&T experience, but PE is way less likely.

 

With regards to PE I was thinking break into IB first from either Park Hill secondary advisory or JPM S&T, then trying to grind from IB to PE if I ever get the chance.

Question is, which will provide me with a better opportunity of getting that IB position?

 

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