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Perella Weinberg
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Vault’s Verdict

Perella Weinberg is looking for ambitious, honest, hardworking, motivated, intellectually curious candidates with strong communication and critical thinking skills. The firm runs a very rewarding internship program for students, providing interns with significant responsibility on live deal teams and access to clients and senior professionals, who are willing to train and guide interns. Meanwhile, PWP’s full-time junior bankers have access to top-notch formal and internal training programs and ongoing informal training. They also get a ton of live transaction experience. In addition, promotion paths are clear, and there are options to move to other groups and offices within the firm.

Perella Weinberg has a very collaborative culture and understands it’s important to take time off. There are protected weekend policies in place, and juniors are encouraged to take a minimum of two weeks off per year. Remote work opportunities also exist. Meanwhile, compensation and benefits are very competitive, with insiders especially appreciative of the weekend and evening meal policy. PWP also offers a monthly wellness stipend.

The firm has a very strong diversity focus and takes inclusion efforts very seriously. However, despite being actively engaged to improve diversity, the firm is still not that diverse at the senior levels. As for PWP’s business outlook, the firm has exceptionally strong leadership and a well-defined vision for growth in place. It is also well-positioned—its restructuring practice has provided significant revenue diversification during the recent period of M&A slowdown and high interest rates.

EMPLOYEE REVIEWS

Hiring Process

“There is a set of interviews—first is an introductory meeting, followed by a difficult technical interview and subsequent fit interviews with team members. Then a discussion is held to assess a candidate’s potential and fit. The Firm is looking for proactive and are able to play up if need be. They should also have good judgement to be able to make decisions about project workstreams independently and know when to ask for help—it’s getting the right balance that’s tricky.”

“Initial screening followed by at least four in-depth interviews, ideally in person. Selected candidates meet with broader firm/firm leadership. Looking for ambitious, honest, hardworking, highly motivated, intellectually curious people with a focus on client service.”

“Ideal candidate has a clearly articulated story for why they are where they are and why they want to be in banking, including a commitment to the role they’re applying for (firm, location, etc.). More specifically, the firm is looking for people of high integrity who are able to work well with other team members and clients. Key qualities include being a good communicator (both verbal and written), being organized and proactive, and having good judgment/critical thinking skills.”

“Process is thorough and has many touchpoints and opportunities for candidates to showcase their abilities and value to the firm. Looking for an intellectually curious, diligent, socially engaging person.”

Interview Questions

“Difficult technical questions to make sure a candidate has the right skillset and is set up for success in the demanding environment. Fit questions to assess a candidate’s conviction to join the industry.”

“Walkthrough of valuation methodologies (DCF, LBO, accretion/dilution, etc.), understanding of impact of certain transactions on the three financials statements, etc.”

“We typically include a number of technical questions (valuation, finance, accounting).”
“Why are you interested in tech banking?”

Intern Experience

“The best parts of the internship were certainly the hands-on, real project experience. Very little of the internship was spent doing ‘busy’ work. Only con was that the hours took some adjusting to.”

“Significant amount of live deal experience and client exposure, direct pipeline to senior members of the advisory team, limited busy-work, with a lot of work focused on deliverables that have an impact.”

“Immediate responsibilities and inclusion on live deal teams made for a very engaging internship. Couple that with full-time team members who invested time to train and guide and the internship was very rewarding.”

“The best part of the internship was the work I was given—the exposure as an intern really seems to be much greater than what summer analysts at other firms will experience. The work I was doing was real, and that gave me clear indications about what I could expect working full time.”

Career Development

“Incredible amounts of responsibility and training given, especially for those that are looking for it. The firm has been accommodating of internal movement; I have seen several people move to different groups and offices. The formal training is top-notch, especially for interns and incoming full-time analysts. The informal training is also great, as more senior people are willing to walk you through analysis and logic of why we're doing something.”

“PWP does a good job of making available extracurricular training opportunities. Additional growth opportunities can be had via asking (and usually receiving) to work on different varieties of transactions. This allows some degree of personal control over the career development path, which can be viewed as a significant benefit to working at the firm.”

“Very high-quality transaction experience. High degree of senior focus on junior and mid-level banker development, with consistent mentoring across all levels.”

“The path to promotion between each level of seniority is clear, and strong performers can be confident that they will have the support they need to successfully climb the ranks. The higher touch, lower volume boutique model presents some challenges in growing your rolodex, but there is significantly more opportunity to engage with clients in a meaningful way earlier on in your career compared to a larger bulge bracket.”

Quality of Life

“The firm seriously prioritizes the type of person it recruits, both at the entry level and more senior levels. This lends to people being additive to a culture that is open to hearing how it can improve balance in a job that, by definition, can be tough. PWP has an incredible culture, and it is reinforced at all levels. Even at a more junior level, you'll find yourself interacting with clients and really being in a position to take ownership and contribute in a meaningful way. In general, people are very understanding of why it's important to take time off, including protected time and weekends. At the end of the day, it makes working here in a demanding job more sustainable and enjoyable when you are able to take time to enjoy the other parts of life.”

“There is very good mutual understanding between the firm and the team that we need to work hard when there is job to be done and that there also needs to be time for rest and vacation. This especially applies to important family occasions which the firm strives to accommodate to the extent possible. Juniors are encouraged to (again to the extent project work allows) take two one-week periods off per year as an absolute minimum. There is also approval for remote work, and certain periods during the year are company-designated as remote first.”

“Very collaborative culture with competent and thoughtful senior bankers/deal teams. This results in more work/hours, which can be challenging at times but is overall rewarding and worthwhile given the culture of the firm.”

“Teams are generally tight-knit, and senior bankers are almost universally very approachable, including up to the CEO/Founding Partner level. A strong company/team culture goes a long way in quality of life satisfaction.”

Salary and Benefits

“Compensation is highly competitive, transparent, and fair. In general, benefits are competitive/superior to peers (mostly covered medical, parking, free food on Mondays, work from home Fridays, etc.).”

“At the junior levels, the firm prioritizes stability in pay over a wide range of outcomes. Overall, I think this policy helps create a culture where all juniors are friendly and helpful with one another.”

“It's a very good overall package, especially when balanced against hours worked. All expected perks and benefits are there—maybe this is not a Silicon Valley tech splurge but high quality regardless.”

“The best ‘benefit’ is the general understanding around remote work. The firm is right to give employees the discretion on days where it is either difficult or not possible to make it into the office the ability to WFH. I think this shows a lot of trust in the teams and reflects well on management. Other perks that are nice are the evening/weekend meal policy (although this should not be restricted to office only on weekends) and the retirement matching benefits.”


Wellness Initiatives

“Substantial effort by PWP in keeping tabs on the overall wellbeing of its employees (e.g., work from home for weeks/year, mandated vacation days, gym/wellbeing reimbursements, etc.).”

“The firm provides a monthly wellness stipend, which allows for broad freedom to pursue whichever wellness practices employees are interested in (for example, one of my colleagues goes for a monthly massage reimbursed by the stipend).”

“The firm takes a very active approach in promoting health and wellness of employees—it's manifested in real actions, not just emails.”

“There are some ‘wellness’ efforts, but fortunately they are not necessary, given how the firm strives (quite successfully) to ensure decent work/life balance and vacation time.”

Diversity and ESG Initiatives

The teams are very diverse in virtually all aspects—what matters is a person’s merit, character, attitude, etc.”

“Overall gender and race diversity efforts are there, but the results don't always show due to the size of the firm.”

“The firm has arguably some of the strongest diversity programs and prioritizes such efforts. The firm also takes inclusion efforts very seriously as seen by the messaging from the top and enforcement by all levels of the firm, including C-suite and HR.”

“The firm is very actively engaged in working to improve diversity. However, senior leadership across firm is not notably diverse.”

Business Outlook

“I have tremendous confidence in PWP’s business outlook. We have exceptionally strong leadership with a well-defined vision for growth. They recognize that it’s important to have a long-term strategy, though they can be flexible and adapt to the day-to-day changing environment.”

“The restructuring practice has provided diversification in revenue during the recent period of M&A slowdown and high interest rates. It feels like the firm is in a strong competitive position as M&A volumes pick back up.”

“It’s a difficult market, but PWP is well-positioned to do well relative to competitors. There is a certain more bespoke angle this firm offers as opposed to cookie-cutter solutions offered by many competitors.”

“The firm has grown significantly since I started and is poised to further expand its operations. This is exemplified by significant partner hires, growing analyst classes, and expanding retention of A2A associates.”

 

Perella Weinberg

767 Fifth Avenue
New York, NY 10153
Phone: (212) 287-3200

Firm Stats

Stock Symbol: PWP
Stock Exchange: NASDAQ
Founding Partners: Joseph Perella & Peter Weinberg
CEO: Andrew Bednar
President: Dietrich Becker
2024 Employees (All Locations): 680

Major Office Locations

New York, NY
Houston, TX
San Francisco, CA
Los Angeles, CA
Chicago, IL
London, United Kingdom
Paris, France
Munich, Germany
Calgary, Canada

Major Departments & Practices

Financial Institutions
Industrials
Healthcare
Consumer & Retail
Energy & Energy Technology
Technology & FinTech
Telecom & Media
Financing & Capital Solutions