PJT Partners on track to pay $800k per head for 2022
Paul Taubman’s boutique bank, PJT partners, pays well. Really well.
When the majority of banks are reporting massive falls in IB revenue – especially in areas like advisory – PJT today announced a 15% growth in total revenues for 3Q2022 compared to the same period last year. Revenues are up 10% up on a nine-month basis, too.
The bank’s headcount also increased from 840 to 913 between Q2 and Q3, an increase of 8.6%. And with compensation spending rising 20% over the period, the firm’s average compensation by employee now stands at a tremendous $196k per quarter, an increase of nearly $40k on Q2. Average pay for the year is on track to meet $800k.
The number of partners also increased, from 97 to 105, an increase more or less matching the total growth in headcount.
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