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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 Program Description: The 6-month off-cycle analyst internship (July - December 2026) will provide interns with the opportunity to work across the Strategic Advisory and Restructuring & Special Situations in our Madrid Office. 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. The Restructuring and Special Situations Group advises large companies, governments, and creditor groups in financially distressed situations. The group has been involved in most of the largest and most high-profile reorganizations that have occurred in the last decade. In a restructuring transaction, a wide range of strategic advisory services are provided, including advice on recapitalizations, reorganizations, corporate valuations, exchange offers, distressed mergers and acquisitions, and raising debt and equity capital. 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: - 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 role, applicants must meet the following criteria: - Currently enrolled as a full-time university student or recent graduate- Anticipated graduation date: no later than Spring 2026- Be available to start from beginning of July 2026- CV must include expected graduation month/year and grades- CV must be uploaded in PDF format Application Instructions: - Strategic Advisory & Restructuring (Madrid)" position above. Application Deadline: Sunday 26 October - PJT Partners’ success is predicated on recruiting, developing and retaining top-talent from a diverse range of backgrounds and experiences, fostering an inclusive culture that welcomes differing perspectives and beliefs and enables us to provide the best advice and insights to our clients. Accordingly, PJT is an equal opportunity employer: we do not discriminate on the basis of any protected attribute and will consider all qualified applicants for employment without regard to birth, racial or ethnic origin, sex, religion, conviction or opinion, age, disability, sexual orientation or identity, gender expression, disease or health condition, serological status and/or genetic predisposition to suffer pathologies and disorders, language, socioeconomic situation or any other personal or social condition._ - 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._
