2027 Full Time Analyst - Restructuring & Special Situations Group

PJT Partners • New York, NY

2d

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.

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 out-of-court restructuring and strategic advisory transactions as well as in chapter 11 bankruptcy proceedings. The group has been involved in many of the largest and most high-profile reorganizations that have occurred over the past few decades, including restructurings for Avaya, Caesars, Delta Airlines, Enron, Ford Motor Company, General Motors, Greece, iHeartMedia, Intelsat, J. Crew, LatAm Airlines, PG&E, Puerto Rico, and Westinghouse. In a restructuring transaction, 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.

Upon completion of training, Analysts will 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, and equity holders. As the group utilizes relatively lean deal teams, 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

• Currently enrolled as an undergraduate student or recently graduated
• Anticipated graduation date: Fall 2026 – Spring 2027
• Completion of bachelor’s degree prior to anticipated start date
• Commitment to a 2-year Analyst program, concluding in mid-2029
• Resume must include expected graduation month/year and GPA
• Resume must be in PDF format
• Complete the PJT Partners “Suited” Assessment. Please CLICK HERE to create an account. Suited is an A.I. powered assessment driven screening tool that uses assessments to holistically and objectively measure traits and characteristics that can be better predictors of success at PJT. 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.

Nice To Haves

• Prior investment banking and/or capital markets experience is desirable.

Responsibilities

• Building comprehensive financial models to be used as part of restructuring transactions, capital raises, and/or corporate valuations
• Performing on-site due diligence with the client
• Developing detailed business plans
• Analyzing credit and other governing documents
• Evaluating financial returns to current and potential investors
• Attending key negotiating and strategy sessions
• Attending board meetings
• Assisting in the preparation of a key documentation related to various restructuring transactions
• Analysts will work on a wide range of transactions including chapter 11 bankruptcy proceedings and out-of-court restructurings, both of which may involve recapitalizations, exchange offers, and distressed mergers and acquisitions, as well as debt and equity capital raises.

Benefits

• Base salary is one component of PJT Partners’ compensation structure. In addition to base salary, PJT Partners’ compensation structure may include additional rewards, incentives and benefits, including but not limited to, a discretionary bonus component.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level