RBC M&A vs PJT RSSG

I'm incredibly grateful to have received offers from both RBC M&A and PJT RSSG, but I'm having a tough time deciding between the two. I know what you're all thinking, why is this even a question?

Well, we all know that RBC is one of the best rising BBs (I believe it'll be comparable to GS/MS/JPM in a couple months time), and they've been winning an increasing amount of large mandates across the street. This leads me to think that RBC is punching well above their weight, and the addition of someone of my caliber to their intern class should only elevate their value.

RBC stock is currently trading at ~$103, and by the end of my SA stint, I believe it'll rise to ~$141 or ~$142. This is significant given that PJT's stock trades at a measly ~$101, of which I believe 74% of their success is owed to RSSG, weighting RSSG at ~$75. With RBC, their M&A group is owed ~56% of their share price, which equates to ~$79, a step up from PJT RSSG's ~$75. 

I think because of this, along with RBCs rising quality in exits and increasing dominance within mandates, it's a wise choice to take RBC M&A over PJT RSSG. Thoughts?

14 Comments
 

Congrats on two amazing offers, however I think the answer is clear. RBC M&A all the way. RBC WILL become one of the best BBs in history in a couple of years with incredible growth and due to the CANADIAN WAY. RBC is also a GLOBAL BB which PJT does not have much of, cross-border transactions are phenomenal for experience. 

 

That place already is toxic, they doxed some underperforming intern on wso because he had a bit of an attitude and was leaving them to intern at cvp the next summer

 

I heard RBC is giving new analysts the Epstein treatment.. I’ll take some Jewish Handjobs if I can get them

 

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