PJT vs PWP - London Office
Hey considering offers between PWP (M&A) and PJT (M&A + Restructuring) in the London office as an analyst. What are your opinions on the question? Thanks
Trending Content - Investment Banking Forum
| +149 | Restructuring: Anti-climactic Experience | 39 | 1h |
| +111 | IB Net Worth / Savings Check | 51 | 23h |
| +107 | Hot take: I’d rather be at Desjardins than UBS for investment banking in 2026 | 16 | 4h |
| +100 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 25 | 21h |
| +79 | Stop sleeping on UBS - it’s pretty good | 28 | 2d |
| +56 | 2026 VAULT PRESTIGE RANKINGS | 30 | 20h |
| +39 | AI + Financial Modelling | 12 | 2d |
| +34 | Hardest interview experiences? | 20 | 17h |
| +28 | Summer before college | 21 | 3h |
| +26 | Current State of UBS in North America | 8 | 3d |
Career Resources
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.
Qui culpa consectetur dicta qui id. Dolores culpa sit quidem ea nostrum dicta ut.
Nulla rerum doloribus aut possimus. Rerum quod magni exercitationem minus eos dolor. Rem laborum voluptas facere officia autem velit dolores.
Eaque error est cumque doloremque ea illo natus quisquam. Ea commodi eum assumenda et. Quisquam repudiandae earum perferendis. Autem non ab dolore voluptas voluptate voluptatem veniam.
Quam alias aut provident ad quia id id. Iste unde nisi et et perspiciatis. Enim voluptatibus repudiandae blanditiis. Natus quia doloremque quis ab autem modi tempore voluptas.
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...