-Substantial responsibility: financial modeling, client interaction
-Healthy environment: non-competitive, friendly, professional, respectful
-Culture: team-oriented, everyone gets along, great intern events (formal and informal)
-Above Street-average hours (no weekend protections for summers). This is banking, however, and it's important to suck it up and realize you're at the best possible place to build a career
-Over-determined homework assignments
Advice to Potential Interns
Be enthusiastic and stay sharp and you will find success at PWP. Consider where the IB industry is headed. PWP is on a great trajectory, snapping up market-share from the bigger banks. It's a great place to build a career in banking, and the firm has plenty of connections to other opportunities.
Sample Interview Questions
Nothing too far out of the ordinary. Make sure you know what is appealing to you about the independent advisory model. Technicals can be more difficult than average.
Advice to Management
Re-align compensation to Wall Street (was higher than Street-average). Continue to make strides to improve the lives of junior bankers. Shorten the case studies given how busy interns were this summer.