2027 Summer Associate - Restructuring & Special Situations

PJT Partners•New York, NY

About The Position

PJT Partners is hiring a 2027 Summer Associate for its Restructuring & Special Situations Group (RSSG). The group advises large and middle-market companies, financial sponsors, and creditor groups in financially distressed situations, including Chapter 11 proceedings and out-of-court restructurings, capital raises, and strategic advisory transactions. Its work includes advising on recapitalizations, reorganizations, exchange offers, distressed mergers and acquisitions, debt and equity capital raising, and corporate valuations. After training, Summer Associates develop a broad corporate finance skillset and contribute to transactions from development and structuring through financing. They work with deal teams and often directly with senior bankers, and participate in client and internal meetings, negotiations, and due diligence. The role provides exposure to valuation, capital raising, mergers and acquisitions, asset sales, credit negotiations, exchange offers, and Chapter 11 reorganizations. Applicants must be currently enrolled in an MBA program and anticipate graduating between December 2027 and Spring 2028. Their resume must include their expected graduation month and year, and they must complete PJT Partners’ Suited assessment. The expected annualized base salary is $225,000.

Requirements

Currently enrolled in an MBA program.
Anticipated graduation date between December 2027 and Spring 2028.
Resume must include expected graduation month and year.
Complete the PJT Partners Suited assessment.
Strong interest in restructuring and distressed finance; prior restructuring experience is not required.
Outstanding qualitative, technical, and analytical skills.
Professional and confident communication skills to interface with senior management at clients and internal deal teams.
Strong work ethic and ability to thrive in a collaborative, team-oriented culture.
Robust organizational and time-management skills.
Robust knowledge of accounting and corporate finance.

Responsibilities

Guide transactions on a day-to-day basis.
Perform due diligence with clients.
Develop detailed business plans.
Build comprehensive financial models for restructuring transactions, capital raises, and corporate valuations.
Analyze credit and other legal governing documents.
Evaluate financial returns to current and potential investors.
Attend key client negotiating and strategy sessions.
Assist in preparing plans of reorganization and disclosure statement materials for Chapter 11 cases.
Manage and develop key client deliverables.
Participate in transaction development, structuring, and financing, and attend client and internal meetings, negotiations, and due diligence sessions.