PP
Programme
Internship
Location
New York City, NY
About the role
The 2027 Summer Associate will join PJT Partners’ Restructuring & Special Situations Group in New York, advising companies, sponsors, and creditors in distressed situations. The role supports complex restructurings, capital raising, valuations, negotiations, and Chapter 11 matters, with training and exposure to senior bankers, clients, and multidisciplinary deal teams.
Role and Exposure
- Advise companies, financial sponsors, and creditor groups in distressed and out-of-court restructuring situations.
- Support recapitalizations, reorganizations, exchange offers, distressed mergers and acquisitions, and capital raising.
- Gain exposure to valuation analysis, asset sales, credit negotiations, and Chapter 11 reorganizations.
- Participate in client and internal meetings, negotiations, due diligence sessions, and deal-team activities.
Responsibilities
- Perform client due diligence and develop detailed business plans.
- Build comprehensive financial models for restructurings, capital raises, and corporate valuations.
- Analyze credit agreements and other legal governing documents; evaluate returns for current and potential investors.
- Attend key client negotiation and strategy sessions.
- Assist with Chapter 11 plans of reorganization and disclosure statement materials.
- Guide transactions day to day and manage key client deliverables.
Qualifications
- Strong interest in restructuring and distressed finance; prior restructuring experience is not required.
- Outstanding qualitative, technical, and analytical skills.
- Professional, confident communication skills for senior client and internal deal-team interactions.
- Strong work ethic and ability to thrive in a collaborative, team-oriented environment.
- Robust organizational and time-management skills.
- Robust knowledge of accounting and corporate finance.
Application Requirements
- Currently enrolled in an MBA program.
- Anticipated graduation between December 2027 and spring 2028.
- Resume must include the expected graduation month and year.
- Complete the PJT Partners Suited assessment using the same email address as the PJT application.