Perella Weinberg Partners Analyst & Associate Salary

Perella Weinberg is consistently grouped with Centerview, Evercore, PJT, and Moelis in elite boutique compensation conversations, though the 2025-26 numbers place it a step below those peers. Independent-source consensus puts first-year analyst all-in cash compensation at $185K to $205K, with the base salary on the Street grid at $110,000 and year-end bonuses in the $65K to $85K range.

As a public company, PWP discloses aggregate compensation expense in its filings, and the compensation-to-revenue ratio runs in the elite boutique range of roughly 65% to 75%. One feature of PWP is that the partnership culture means equity is a more meaningful component of senior banker compensation than at firms with more diluted ownership structures. Restructuring bankers are paid on parity with M&A bankers.

The trade-off candidates note is that boutique pay comes with the staffing intensity that lean teams require — the dollars are solid and the hours are heavy. Two-and-out exit placement is strong, with megafund and upper-middle-market private equity recruiting heavily from PWP analyst classes.

Methodology: year-1 totals are base + signing + first full-year bonus for the 2025-26 cycle, compiled from self-reported data (WSO bonus threads, H1B filings, Levels.fyi, Glassdoor). Bucket spread at the same bank can run $30-50K top to bottom; figures for firms with limited public disclosures, and year 2+ and associate rows, are directional estimates.

PWP's compensation philosophy emphasizes rewarding high-quality advisory work and client relationship building over pure transaction volume. As a publicly traded boutique, the firm balances competitive pay with sustainable business practices. Analysts benefit from the firm's focus on complex, high-value strategic assignments that command premium fees, translating to solid year-end bonuses — independent-source consensus puts first-year totals at $185K-$205K for the 2025-26 cycle. The firm's partnership culture means junior bankers often see more transparent discussions about deal economics and compensation rationale. PWP has kept pay competitive while investing heavily in technology and junior banker quality of life initiatives, creating a value proposition that extends beyond pure cash compensation to include better work allocation and mentorship.