2027 Summer Analyst - Restructuring & Special Situations

PJT Partners•New York, NY

8d•$120,000

About The Position

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. We offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds and hedge funds. From the beginning, PJT Partners has firmly believed that having the best people is key to building an enduring franchise. Our perspective was, and remains, that a great team brings in both top tier clients and appeals to a wide-range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients. To learn more about PJT Partners, please visit our website at www.pjtpartners.com. The Restructuring and Special Situations Group (“RSSG”) advises large and middle market companies, creditor groups, private equity sponsors, and boards of directors in financially distressed situations, both in chapter 11 bankruptcy proceedings as well as in out-of-court liability management, restructuring and strategic advisory transactions. The group has been involved in the many of the largest and most high-profile reorganizations that have occurred over the past few decades, including restructurings for Caesars, Cineworld, Delta Airlines, Enron, Ford Motor Company, General Motors, Greece, iHeartMedia, Intelsat, LATAM Airlines, PG&E, Puerto Rico, and Westinghouse. RSSG has also led some of the most complex liability management transactions, including At Home, Carvana, Envision, Incora, J. Crew, and U.S Renal Care. In RSSG’s transactions, a wide range of strategic advisory services are provided including advice on recapitalizations, reorganizations, exchange offers, distressed mergers and acquisitions, raising debt and equity capital, and providing expert witness testimony on a variety of topics including corporate valuation. Summer Analysts in the Restructuring & Special Situations Group have the opportunity to develop a diverse and broad corporate finance skillset. Financial restructuring transactions are complex and involve multi-party negotiations with a number of key stakeholders including, among others, a board of directors, management, secured and unsecured lenders, equity holders, and, at times, the bankruptcy court. As the group utilizes relatively lean deal teams, summer analysts are integral to all aspects of a deal and are involved with the development, structuring, and financing of transactions and regularly attend both client and internal meetings, negotiations, and due diligence sessions.

Requirements

We seek to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavours.
In addition to strong analytical and quantitative skills, a successful candidate should have:
Strong communication skills
A demonstrated ability to write effectively
A desire to work in a fast-paced team environment
A basic knowledge of accounting and finance and/or prior investment banking experience is desirable.
To be considered for the 2027 Summer Analyst Program, applicants must meet the following criteria:
Currently enrolled as an undergraduate student
Anticipated graduation date: Fall 2027 – Spring 2028
Resume must include expected graduation month/year and GPA
Please include expected internship(s) for Summer 2026 on your resume
Resume must be in one-page PDF format
Post-graduates, MBAs and experienced hires should refer to the Associate or Experienced Hire opportunities listed on our career site.
Complete the PJT Partners “Suited” Assessment.
Please ensure you use the same email address used for your PJT application when registering on Suited.
Please complete each question through the end of the survey.
A “Profile Complete” badge will appear once complete - there is no final “Submit” button.
Only completed submissions will be considered.

Nice To Haves

A basic knowledge of accounting and finance and/or prior investment banking experience is desirable.

Responsibilities

Performing on-site due diligence with the client
Developing detailed business plans and other management presentations
Building comprehensive financial models to be used as part of restructuring or liability management transactions, capital raises, and/or corporate valuations
Analyzing credit and other legal governing documents
Evaluating financial returns to current and potential investors
Attending key negotiating and strategy sessions
Attending board and key stakeholder meetings
Assisting in the preparation of a plan of reorganization and disclosure statement materials for chapter 11 cases
Preparing materials for public and private exchanges for liability management transactions
Summer Analysts will work on a wide range of transactions including both chapter 11 bankruptcy proceedings as well as out-of-court restructuring transactions such as recapitalizations, liability management, and distressed mergers and acquisitions, as well as debt and equity capital raises.