PJT Partners Investment Banker / M&A Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 37 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at PJT Partners.
PJT Partners
Investment Banking Analyst
Entry Average Positive experience No offer 3 rounds
Interview process
Recruiter call Technical screen Group Presentation Background check Offer
Interview formats
Behavioral Technical Case Presentation
The interview process started with an online round which was 10 minutes for fit and 35 minutes for technical questions. After that, there was a second round which involved an assessment center (AC) with a couple of interviews and building a financial model. Finally, there was a final round with partners to make sure we were aligned with the company.
Confirmed questions7 questions
- Can you tell me why you are interested in PJT?
- What motivates your interest in Investment Banking?
- Could you elaborate on Leveraged Buyouts (LBOs)?
PJT Partners
Investment Banking Analyst
Entry Difficult Neutral experience No offer 5 rounds
Interview process
Recruiter call Technical screen Onsite Background check Offer
Interview formats
Behavioral Technical
The interview process started with a 30-minute first round featuring two interviewers. Initially, they asked standard behavioral questions before transitioning to more challenging technical ones. This was followed by a Superday consisting of four 30-minute interviews with bankers of various levels. The Superday included one round that was entirely technical, another entirely behavioral/situational, and two mixed rounds.
Confirmed questions3 questions
- Can you introduce yourself?
- What is your motivation for pursuing a career in finance?
- What are your reasons for wanting to work at PJT?
PJT Partners
Investment Banking Analyst
Intern Average Positive experience No offer 2 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical
I applied on campus and had an initial on-campus interview that focused mostly on behavioral questions with a couple of simple technical ones. After that, I was invited to a superday event in NYC. The superday itself was primarily behavioral, with just one technical question. The main themes were understanding why I was interested in PJT and investment banking. One of the interviewers asked some challenging fit questions, such as discussing my three weaknesses, and they also looked closely at my resume.
Confirmed questions5 questions
- Could you explain full diluted shares to me?
- Can you tell me why you are interested in PJT?
- What motivates your interest in investment banking?
PJT Partners Investment Banker / M&A Analyst Interview Questions
Quoted word for word from PJT Partners interview reports.
“What impact does a rise in depreciation have on the three main financial statements?”
Read reports →“What is the method for calculating Unlevered Free Cash Flow starting from revenue?”
Read reports →“How does enterprise equity value and debt affect share price?”
Read reports →“What are the reasons a company might choose to raise funds using debt instead of other methods?”
Read reports →“Find the next number in the sequence 1,2,3, X, 1,2,3,4, noting that the patterns can be more complex and longer than this example.”
Read report →“What about a Term B loan, what is that?”
Read report →“Given two statements, determine the correct logical conclusion from the provided multiple-choice options.”
Read report →“How would you construct a bridge from Equity Value to Enterprise Value?”
Read report →“Could you explain what a Term A loan is?”
Read report →Formats, difficulty and experience
Across all 37 PJT Partners interview reports.