As investment banks roll out salary hikes and new perks for their dealmakers in an effort to stave off a burnout crisis in the sector, boutique PJT Partners has a unique approach — paying bankers to go on holiday.
The boutique, set up by former Morgan Stanley banker Paul Taubman in 2015, has a ‘vacation stipend’ for its associates and analysts, which it extended in 2021 as part of its wellness initiatives, it said in its annual report.
