PJT Partners
An independent advisory firm that works on strategic advice, restructuring and special situations, and fund placement and secondaries for private investors.
- 3
- programs
- 2
- open now
- Sophomore Summer Analyst ProgramNo data yet
How PJT Partners recruitspjtpartners.com
- 1Application
Apply on the careers page with PDF documents.
- 2Online assessment
A Suited assessment, an AI-powered trait measurement linked in the job description, is a required part of the application.
- 3First round
A structured interview process tests industry understanding and interest, corporate finance fundamentals, and behavioral competencies.
- 4Offer
Offers go to candidates who showed strong potential across the attributes that predict success in the role.
Paraphrased from PJT Partners's own page, read Nov 6, 2026.
What they say they look for. PJT selects well-rounded candidates with strong academics who showed curiosity and built industry knowledge through classes, activities, or prior experience.
At a glance
- Headquarters
- New York
- US offices
- New York, Boston, Chicago, Houston, Los Angeles, San Franciscopjtpartners.com
- Posting now
- Houston, San Francisco
- Industries
- Investment Banking
- Summers
- 2028, 2027
- Last verified
- Nov 11
What PJT Partners asks19 from public sources
Which recent PJT Partners deal caught your attention, and why?
Superday, why this firm. PrepLounge, Sep 17, 2026
Do a quick calculation in your head, no calculator, and talk through how you got there.
First round, technical. PrepLounge, Sep 17, 2026
How do you stay current on the news, and what is a recent podcast episode you learned something from?
First round, markets. PrepLounge, Sep 17, 2026
Give me a fast walk through your resume.
First round, behavioral. PrepLounge, Sep 17, 2026
Walk me through a DCF, then tell me what happens if inflation comes in higher than expected.
First round, technical. PrepLounge, Sep 17, 2026
14 more from public sources
Depreciation goes up by $10. Walk me through the three statements, assuming a 25% tax rate.
First round, technical. PrepLounge, Sep 17, 2026
Accounts receivable rises by $20 while accounts payable rises by $5. How do the statements change?
First round, technical. PrepLounge, Sep 17, 2026
What is the difference between enterprise value and equity value, and between debt and equity financing?
First round, technical. PrepLounge, Sep 17, 2026
A company is short of cash. What are the ways it can raise liquidity?
First round, technical. PrepLounge, Sep 17, 2026
How does an in-court Chapter 11 restructuring differ from an out-of-court one?
First round, technical. PrepLounge, Sep 17, 2026
Why investment banking, and why PJT Partners specifically?
First round, behavioral. PrepLounge, Sep 17, 2026
What is the strongest quality you would bring to a PJT deal team?
First round, behavioral. PrepLounge, Sep 17, 2026
Tell me about a tight deadline and how you managed the expectations of the people depending on you.
First round, behavioral. PrepLounge, Sep 17, 2026
Describe a difficult team situation and the part you played in it.
First round, behavioral. PrepLounge, Sep 17, 2026
Tell me about negative feedback you received and what you did with it.
First round, behavioral. PrepLounge, Sep 17, 2026
An acquirer's stock trades at $50 and it offers $30 per target share, paid all in stock. What is the exchange ratio, and how many new shares are issued if the target has 10 million shares?
Superday, technical. PrepLounge, Sep 17, 2026
EBITDA is $100 and the business is worth 6x. There is $400 of secured debt and $300 of unsecured notes. Run the waterfall: who is impaired, what is the fulcrum, and what is the reorganized equity worth?
Superday, technical. PrepLounge, Sep 17, 2026
A bond trades at 70 with a 5% annual coupon and one year to maturity. What is its yield to maturity? What if it had two years left?
Superday, technical. PrepLounge, Sep 17, 2026
What is a prepackaged bankruptcy, and which stakeholders might not want one?
Superday, technical. PrepLounge, Sep 17, 2026
Filed base salaries86 filings
- Analyst, New YorkNew York$120k median, 46 filings
- Analyst, San FranciscoSan Francisco$120k median, 6 filings
- Associate, New YorkNew York$200k median, 34 filings
Base salary PJT Partners filed for full-time H-1B hires in front-office analyst and associate titles, decided Nov 5, 2024 to Jun 26, 2026. No bonus, and not intern pay. A row needs 5 filings. US Department of Labor disclosure data
Dates by cycle3
- Summer 2028 Investment Banking Summer AnalystSeen open from Nov 5, 2026. Open now.
- Summer 2027 Investment Banking Summer AnalystOpened Jan 1, 2026. Public record.
- Summer 2027 Investment Banking Summer AnalystSeen open from Nov 5, 2026. Open now.
Seen open from is the first day we saw the posting on the firm's own site. A public record is the firm's announcement or a dated student post.
People hereLeadership page
Build your own search
Aim for two chats here before a program opens. Write the note
Similar firmsAll Investment Banking
Read and watchIB
- How to write a cold email to an investment banker
- Bulge bracket vs elite boutique vs middle market banks
- The thank-you email after a networking call, with examples
- How to answer "why this bank" without generic praise
- A DAY IN THE LIFE OF AN INVESTMENT BANKING ANALYST - A Good Day vs. A Bad Dayrareliquid, YouTube
A former JPMorgan analyst walks an hour by hour good day and bad day, including the late-night deck turns.
rareliquid, YouTube
- A Typical Day in the Life of a J.P. Morgan Investment Banking Analystrareliquid careers, YouTube
The same analyst goes deeper on what each block of the day is actually spent on, from pitch books to staffing.
rareliquid careers, YouTube
- A shitter's comprehensive guide to sophomore year recruitingWSO
A month by month plan for sophomore year IB recruiting written by a student who went through it.
WSO
- Everything I Wish I knew About Sophomore IB Recruiting (Q&A)WSO
A Q&A on the mistakes and timing lessons from a completed sophomore IB cycle.
WSO