Analyst - Restructuring & Special Situations Group (New Business Research)

Company Overview

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers 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 also provide private fund advisory and fundraising services through PJT Park Hill for alternative investment managers, including private equity funds, real estate funds, and hedge funds.

From the beginning, PJT Partners has believed that having the best people is key to building an enduring franchise. Our perspective remains that a great team attracts top-tier clients and a wide range of diverse, talented colleagues. Fostering an inclusive culture that welcomes differing perspectives and beliefs enables us to provide the best advice and insights to our clients.

Role: New Business Research Analyst (NBRA)

The Restructuring and Special Situations Group (“RSSG”) advises large and middle-market companies, financial sponsors, and creditor groups in financially distressed situations—both in Chapter 11 bankruptcy proceedings and out-of-court restructuring, capital raising, and strategic advisory transactions.

In the last decade, the group has been involved in many of the largest and most high-profile reorganizations, including restructurings for PG&E, J Crew, iHeart, WeWork, Revlon, Intelsat, Saks Fifth Avenue, Del Monte, Tropicana, and Puerto Rico. RSSG remains one of the top-ranked advisors in worldwide announced and completed restructuring transactions. In restructuring transactions, the group provides a range of strategic advisory services, including advice on recapitalizations, reorganizations, exchange offers, and distressed mergers and acquisitions; raising debt and equity capital; and expert witness testimony on topics including corporate valuations.

The New Business Research Analyst (“NBRA”) will report to the RSSG Partners and the Chief Operating Officer (“COO”) of RSSG. The Analyst will support new business development and research and analysis of distressed company situations to identify and source potential new business opportunities.

Responsibilities

• Work with the Partners and COO to screen and identify companies/industries that are at risk or will become at risk of increased defaults.
• Proactively work with and present research and analysis to RSSG leadership in support of new business development efforts, including financial modeling to analyze company cash flows and sector/industry analysis and research.
• Prepare company and industry/sector presentations for both internal and external use.
• Participate in business development efforts and meetings with hedge funds, private equity funds, and law firms.
• Assist RSSG deal teams with research and market data requests.
• Maintain internal databases and market statistics for use in marketing materials and presentations.
• Work with the Partners and COO on RSSG financial budget forecasting, quarterly reporting requirements, and other internal RSSG projects for quarterly management and board presentations.

Qualifications

PJT Partners seeks individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. Qualified candidates will possess the following:

• Bachelor’s degree with 1–3 years of financial services experience.
• Knowledge of the high-yield/distressed/leverage loan market, restructuring, and the credit markets broadly.
• Ability to build basic cash flow financial models and develop presentations.
• Hands-on experience using generative AI tools (e.g., ChatGPT, Claude) to support research and improve workflow efficiency.
• Ability to work effectively as part of a team; self-starter mindset.
• Strong work ethic and results-oriented mentality.
• Ability to work in a fast-paced, dynamic environment and handle multiple projects simultaneously.
• Excellent interpersonal and communication skills, both written and verbal.
• Proficiency in Microsoft Excel and PowerPoint.

Compensation

Expected annualized base salary of $95,000 to $135,000.

This range represents the low and high ends of the expected annualized base salary for this position. The specific base salary received will be informed by factors including role level and scope, location, and the candidate’s relevant qualifications, skills, and experience.

Base salary is one component of PJT Partners’ compensation structure. In addition to base salary, the compensation structure may include additional rewards, incentives, and benefits, including a discretionary bonus component.