Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
PJT consistently pays top of the street, offers exposure to both M&A and Tx, exits very well, very nice culture and deals are very diversified compared to PWP
Did you recruit for FT for both?? Go with PJT. They are stronger in London and you will get exposure to both RX and M&A
Yes
PMd
Both are very strong but come with some drawbacks. - Generally, pay at both is significantly higher than at BBs, junior responsibility is significant and overall culture is good. Note though that PJT has much longer hours than PWP on average. - Despite what you have probably heard, PWP exits might be better for traditional LBO PE while PJT is the clear #1 for everything distressed/credit (also probably among the best for HF and very strong for PE with a slightly distressed angle (Apollo, Oaktree) - M&A deal flow is not ideal at either with PJT mainly doing Media&Telco/HC and PWP mainly doing Industrials (GER+FR). PWP has a stronger track record in M&A but PJT might be poised for more growth.
Overall, if you are mainly interested in M&A, choose PWP, choose PJT if you might also be interested in RX and RX exits.
Ut harum libero tempore autem accusantium. Et ab aliquam velit voluptatem illum distinctio voluptatem. Nesciunt impedit consequatur tempore neque voluptas atque est. Dolore odit tenetur quidem sed nihil voluptate dignissimos. Consectetur quaerat sit minus ipsum odio et ratione.
Ea consequuntur voluptate alias ab amet maiores omnis. Officia ratione voluptatem qui omnis.
Aut ipsam cumque nisi. Occaecati a qui consequatur id eius quo. Rerum culpa consequuntur eos ea et quasi. Doloremque accusamus minima similique aut omnis ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...