Perella Weinberg Partners
Visit Website: www.pwpartners.com
Overview
Introduction
Perella Weinberg is a prestigious independent investment banking that works on high-profile deals for clients like PayPal, Kraft Heinz, and T-Mobile. Its interns get an incredible amount of responsibility and hands-on experience, working on live deals with senior bankers and clients. The firm is committed to diversity, and has extensive D&I training programs.
Company Stats
Employer Type
Public
Size
501-1,000 Employees
Featured Rankings
Vault Banking 25
Major Office Locations
New York, NY
Employment Contact
Allison (Heifetz) Reuben
Firsthand Findings
Perella Weinberg Partners is looking for well-rounded, curious, organized self-starting team players who enjoy challenges, are able to work on their own, don’t give up easily, are willing to learn, and have exceptional time management and interpersonal skills. PWP’s internship program offers students excellent training and mentorship, access to senior bankers, and various social events. The firm’s full-time junior bankers receive first-rate formal and on-the-job training, as well as mentorship, early responsibility, and involvement in live transactions.
Although hours can be long and demanding, PWP has a friendly, helpful, and collaborative culture in which senior bankers proactively try to improve junior bankers’ work/life balance—senior show a high level of res...
About the Company
Founded in June 2006, Perella Weinberg Partners advises clients on mergers and acquisitions, growth capital and capital markets, restructuring and liability management, shareholder engagement, and on other strategic and financial transactions.
Perella Weinberg Partners’ launch in 2006 was one of the most closely watched debuts in banking history, and in 2021 the firm went public via a merger with FinTech Acquisition Corporation IV, a Nasdaq-listed SPAC sponsored by Cohen & Company. Today, the firm has approximately600 employees, who work out of the New York headquarters, as well as offices in Calgary, Chicago, Denver, Houston, London, Los Angeles, Munich, Paris, and San Francisco. Founding partner Joseph Perella made his name as a pioneer dealmaker at First Boston in the 1980s, then left to create Wasserstein, Perella &...
2022 Vault Rankings
Employee Reviews
- “Just like all other investment banks, workflow is unpredictable and comes in peaks and valleys. However, Perella does have a very good culture where the senior members of the team proactively try to improve work/life balance at an analyst level and make an effort to be considerate of not wasting analyst’s time. Very surprised that an MD wanted to hear my thoughts and set time to meet with me to talk about how he could improve culture at a junior level and actually implemented what I suggested. It feels like the juniors actually have a voice in the group, which I never felt I got at a bulge bracket.”
- “Compared to other banks, the culture is great here. People truly care about the development of others, as well as finding time to unplug and mentally recharge. It helps create a positive, collaborative environment instead of fostering toxicity. However, it’s tough at any investment bank to take vacation, and the same is true here, although I do feel that the senior team makes a concerted effort to support time off.”
- “The senior bankers are very deliberate on not giving unnecessary work over the weekend. They allowed us to make plans for Friday to Sunday as long we’re being transparent and communicate that to the deal team. People on the deal team always cover for each other to accommodate different weekend plans.”
- “Amazing, unique culture that is extremely friendly, helpful, and collegial. Rude, selfish people with huge egos don’t do well at PWP, which makes the environment very different than most IBs. This is truly the most open and friendly bank on the Street. However, we work really hard, teams are staffed thinly, and it requires maximum effort from the full team all of the time.”
Getting Hired Here
- “The firm is seeking a well-rounded, diverse campus student with quantitative capabilities, and the interpersonal skills to interact with more senior members of the bank and external clients. The firm is less interested in churning through people in two years and more focused on developing new hires for the long term.”
- “Ideal candidate: proactive, enjoys challenges, able to work on their own, doesn’t give up easily, great team player, curious and willing to learn, keen problem-solver, well organized, exceptional time management, professional, and helpful.”
- “Interview process was quick and streamlined. The ideal candidate should be highly analytical with good finance instincts. The analyst program requires more intellectual brainpower than some other programs that have more focus on logo rearrangement in decks.”
- “High performance individual who is a self-starter and is well versed in the machinations of the investment banking job, particularly at an elite boutique.”
Perks & Benefits
