2026 January Off-Cycle Analyst - Strategic Advisory & Restructuring, Munich presso PJT Partners

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of 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 offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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

To learn more about PJT Partners, please visit our website at www.pjtpartners.com. 

Program Description:

The Off-Cycle internship is a 6-month program in Munich beginning January through June 2025, working across the Strategic Advisory Group. Successful Off-Cycle Analysts will be considered for a Full-Time Analyst return offer pending performance on the job.

The Strategic Advisory Group consists of one of the most experienced investment banking teams in the industry, and has been involved in some of the largest, most complex transactions of the past twenty years.  Our global team focuses on a diverse set of industries, including financial institutions, healthcare, industrials, energy, power & utilities, real estate, and technology, media & telecommunications.

Responsibilities:

Off-Cycle Analysts will work on a wide range of transactions including sellsides, acquisitions, divestitures, joint ventures, recapitalizations, private placements and leveraged buyouts.  Off-Cycle Analysts are expected to be involved in the development, structuring and financing of transactions and will have the opportunity to attend internal and client meetings, negotiations, and due diligence sessions.  Off-Cycle Analysts work will include: 

• Financial analysis and modeling

• Drafting of client presentations

• Preparation of memoranda for internal and external use

• Conducting financial and other business-related research

• Coordinating complex and often time-sensitive processes  

• Assistance in the execution of transactions

• Active involvement in client facing situations

Qualifications:

PJT Partners seeks to hire individuals who are highly motivated, intelligent and have excellent academic, leadership and extracurricular records.  In addition, qualified candidates will possess the following:

• Outstanding qualitative, technical and analytical skills

• Strong verbal and written communication skills

• Aptitude to work collaboratively in a team environment

• Robust organizational and time management skills

• Strong work ethic and ability to work well under pressure

• Basic knowledge of accounting and corporate finance

Requirements:

To be considered for the 2026 Off-Cycle Analyst Program, applicants must meet the following criteria:

• Currently enrolled as a full-time university student or a recent graduate

• Available to start from January 2026

• Graduation date no later than June 2026

• CV must include expected graduation month/year and grades

• CV must be uploaded in PDF format

• Fluency in German is desirable

Application Instructions:

• Complete the PJT Partners online application for the “2026 Off-Cycle Analyst– Strategic Advisory & Restructuring (Munich)" position above.

Application Deadline: Sunday 5 October

PJT is an equal opportunity employer. We do not discriminate on the basis of, and will consider all qualified applicants for employment without regard to race, color, religious creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity expression, disability, medical condition, genetic information or predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other category protected by law. PJT Partners also complies with all applicable laws with regard to providing reasonable accommodation of disabilities to applicants. For more information or to request an accommodation, please contact Human Resources.