PJT Partners Inc.

In 2015, PJT Partners, Inc. was created from a merger of the advisory arm of The Blackstone Group (which had operated for thirty years) and PJT Capital LP, a strategic advisory firm founded by Paul J. Taubman in 2013. PJT Partners' first day of trading was on October 1, 2015; on the same day, it became publicly traded, listing on the New York Stock Exchange (NYSE) under the symbol PJT. On its first day of trading, PJT had 330 employees and 46 partners.

Blackstone’s decision to do the spin-off was largely driven by the conflicts of interest that arose between Blackstone’s advisory services business and its investing businesses, including private equity, real estate investing and hedge funds.

In 2020, PJT achieved record revenue of $1.05 billion, more than double the revenue achieved five years prior. In 2020, the firm was rated "No. 3 Best Banking Firms for Business Outlook" by Vault. The firm is routinely cited as one of the best paying firms in the industry where average pay per head is ~$750,000 and has the highest pay for first year analysts.

Each year, the firm hires about 20 analysts.