Shit PWP Culture

Interned at PWP this summer and the culture waa horrible. Zero interest from analysts when it came to helping interns. I received a return offer, but I know a couple of other kids who are re-recruiting even after accepting their return offer. Should I be doing the same? I’m not sure whether to risk the reputational damage of recruiting with already having signed.

I would return full-time, but would likely lateral after a year. I feel really misled because the firm was always sold to me as very strong culture wise. I would also mention that I’m not very confident in the firm deal flow is pretty bad

91 Comments
 

Are you just saying they don’t need to worry since nobody cares about an incoming analyst?

 

I had a coffee chat with one of only three alumni from my school who work at PWP and this guy was the biggest douchebag i've ever talked to. He genuinely seemed happy that nobody from our school would be getting interviews and that it was "so selective." Not surprised at all the culture is shit 

 

Echoing this experience, dude was kind of a dick, low sample size tho -a nontarget

 

Yes. It makes you wonder if it’s an eb if an analyst gots so much time to do that. She prob make more money be an escort or of model cuz most people are very horny 

 

their rx team is full of weirdo analysts and associates, that's for sure

 

would fade. sit a few rows from the RX team and saw a kid masturbating at his desk

 

Prospect in AM - Other

would fade. sit a few rows from the RX team and saw a kid masturbating at his desk

Can confirm heard this from over the summer lol. Apparently it was late at night and the office was p empty and he was jerking it to a 1O / 2O structure. Also heard this happened at some euro bank (DB or Barc or smth) a couple years ago as well haha some freaky ass banks 

 

It really has horrible culture. I can’t say for every coverage group but at least for the one I’m on it’s quite terrible. I would recommend that anybody coming into the workforce find another employer as it can quite ruin your perception of the workforce and burn you out. Not every workplace is as horrible as this one. I feel for you because I can see firsthand how you would have experienced that. Best of luck and in this case I’m sure the grass is greener.

 

Hopefully you aren’t in industrials. Their bald headed group head truly doesn’t give a fuck about juniors.

I believe that group had two first years quit before they hit the six month mark. Dude let’s directors and associates grind analysts to the point they are passing out on the desk (happened to multiple analysts in the last two years I’m told). Truly disgusting group and culture

 

Yea heard that group is wild. Had like half of their analyst cohort leave within a year. I think they quit without anything lined up.

On of their analysts passed out at work bc he pulled so many all nighters. I think another dude had some health issue as well. MD’s didn’t care lmao

 

rx and healthcare at pwp are just weird. Industrials is sweaty as hell. C&R has good culture but no deal flow. FIG think they compete with GS or JPM FIG.

Elite Boutique wannabe lol

 
Most Helpful

Mods should take down some comments it’s disgusting that people are saying some of these things about some 23 year old analyst who did nothing wrong. Probably trying to be an influencer so she can leave this job and quit working with virgins like yourselves

 

It’s a choice to post or not to post. She’s also in complete control of what she chooses to post.

You can’t have it both ways. It’s not wrong to call out someone’s unprofessional behavior and point out that it reflects poorly on a firm….. get a grip. As a guy or girl you’re responsible for what you post online and how that might impact your career. If you post expect to receive criticism 🤷‍♂️

 

Calling out someone for being unprofessional and discussing how hot they are and if they know someone who’s cracked are completely different things and you know that. Don’t be an incel apologist and touch some grass

 
[Comment removed by mod team]
 

you're fr a weirdo bro... the hate men have for women these days is pretty whack, but the red pill incels keep me fucking baddies in NYC because the other options are losers like yourself lmaoo– i appreciate you bro

you're on a site where people clout chase over these BS jobs all day since when has it been an issue to be a clout chaser?? 

 

You're right, everyone clout chases on this site. But the difference is, most of us don't pretend to grind 80-100 hours while arching our backs in a gym mirror for male attention. You're defending a lie to feel like a good guy. Keep thinking you're 'keeping baddies in NYC' you're still anonymous on a finance forum arguing with a stranger about a girl who doesn't know you exist. Enjoy the thread.

 
  1. HC and RX are great groups but are very sweaty due to the amount of dealflow they see. Juniors are worked hard but receive great exits. I have heard mixed things about the junior experience in those groups but overall them seem to stray to the positive side
  2. Industrials has bad culture and leadership. Juniors do not exit to great shops and that group has extremely high turnover. A few years ago they had over 50% of their associates quit. They also had like half their analyst class quit / leave last year. Would stay far away if you're thinking of PWP
  3. Other small groups such as FIG and FinTech are very sweaty as they run super lean. Would also avoid if you are looking for strong exits
  4. The firm did layoffs recently and cut strong talent which is a bad sign in this M&A environment
  5. A dude on my current team worked at the PWP NYC office in a 'bottom tier" group and he had really bad things to say about the culture. Apparently one of the teams sent an email to the interns demanding they stay later as a joke. Which then caused interns to pull multiple all nighters 
  6. Their HR team is known for being super sneaky. They often rescind lateral offers and treat analysts and juniors as expendable resources. Some candidates I have spoken to say that PWP's on campus brand has diminished over the years due to complaints from their school's alumni regarding firm culture
  7. Many sponsors don't like MDs and Partners at the firm and consider them subpar bankers. That may be why PWP doesn't do deals with megafunds very often. I have also met two separate people how have left PWP for the buyside who say they would never do business with the firm which is a massive red flag
  8. I think posts like this are extremely helpful for undergrads who are considering their options 
 

So PWP’s CEO had meetings with the heads of top funds to figure out why PWP wasn’t on high profile deals with them

The firm is now trying to get in front of mega funds more but has been very unsuccessful. The issue is that a lot of the partners in MD just don’t have great relationships these mega funds

It’s something PWP’s trying to fix. But that’s an awful problem to have as a boutique

 

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