PJT Partners Summer Analyst Internship

PJT Partners' Summer Analyst Program is one of the most selective in banking, hosting only 15-25 interns for a 10-week experience that provides elite boutique deal exposure in an intimate setting. Interns earn approximately $2,115-$2,210 per week ($110K-$115K annualized) with housing stipends. The training program covers core financial modeling and valuation with supplemental instruction on PJT's advisory approach, including restructuring fundamentals for those interested in that practice. PJT interns are staffed on live transactions from early in the summer and are expected to contribute meaningfully to client deliverables. The firm's small scale means interns have direct access to senior bankers, including MDs and partners, who provide real-time feedback and mentorship. This intimacy is a genuine differentiator: interns build relationships with decision-makers rather than being anonymous in a large cohort. The conversion rate is approximately 80-85%, with PJT investing heavily in its intern pipeline as the primary source for full-time analyst hires. The evaluation considers technical ability, work ethic, and cultural alignment with PJT's founder-driven values. For interns placed in the restructuring group, the experience is particularly distinctive, with exposure to distressed situations, creditor negotiations, and capital structure analysis that is rarely available at other internships. The recruiting process is highly selective, with the firm's reputation attracting top candidates who must navigate technically demanding interviews. PJT's internship is ideal for candidates who want the intellectual rigor and deal quality of an elite boutique in a setting where they will be known by name, not employee number.