Preparing for PJT Partners? Practice with Real Questions
Master the technical and behavioral questions to maximize your chances.
PJT Partners Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at PJT Partners, including base salary, bonuses, and total compensation at every level.
$110,000
$222,000 - $267,000
$415,000 - $485,000
Analyst Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $100,000 - $145,000 | $222,000 - $267,000 |
| Analyst 2 | $125,000 | $120,000 - $165,000 | $245,000 - $290,000 |
| Analyst 3 | $135,000 | $130,000 - $180,000 | $265,000 - $315,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $200,000 | $140,000 - $210,000 | $415,000 - $485,000 |
| Associate 2 | $225,000 | $170,000 - $250,000 | $395,000 - $475,000 |
How PJT Compares
PJT Partners sits in the top elite boutique tier alongside Lazard and Moelis, slightly below Centerview and Evercore. Bonuses run 35-50% above Goldman, Morgan Stanley, and JPMorgan.
Benefits & Perks
Meals & Transportation
Dinner and car service provided
PJT Compensation Overview
PJT Partners combines M&A advisory with restructuring and activist defense in a unique platform. Compensation reflects this specialization, with bonuses rivaling Evercore and Lazard in the elite boutique tier. First-year bonuses typically range $110-130K, with top performers in busy groups reaching $145K. PJT's partnership with Blackstone's advisory business (until 2021 spinout) created a culture of excellence and direct economics. Analysts benefit from exposure to complex strategic situations and hostile defense work, which enhance learning and exit opportunities. The firm's restructuring practice can provide countercyclical stability, supporting consistent bonus pools. While hours are demanding, the work quality and mentorship are exceptional.
Frequently Asked Questions
What is the total compensation for a first-year analyst at PJT Partners?
First-year analysts at PJT Partners earn a base salary of $110,000 with a year-end bonus of $100,000 - $145,000, bringing total compensation to approximately $222,000 - $267,000.
How do PJT bonuses compare to other Elite Boutique banks?
PJT Partners sits in the top elite boutique tier alongside Lazard and Moelis, slightly below Centerview and Evercore. Bonuses run 35-50% above Goldman, Morgan Stanley, and JPMorgan.
Does PJT Partners pay overtime?
No, PJT Partners does not pay overtime. Compensation is structured as base salary plus discretionary year-end bonuses.