Barclays P&U vs. Rothschild Energy & Power
Hi all,
Entertaining both at senior associate / jr VP level. Can anybody please provide some colour on culture, dealflow, hours, and just really any insights you might have? Don't mind exposure to energy and energy transition, planning on staying in banking long term, coming from a top MM (arguably one of the strongest in both energy and PUI space).
Much appreciated!
are you coming from JEF?
PM me - would rather not disclose just yet
Yes, that bank would have been my second guess. I think Barclays P&U is at the top of the street, and one of the best groups to be in at Barclays. Don't have much insight into Rothschild but Barclays is definitely a good place to be at. If you are continuing in the process with JEF, I think JEF energy and JEF P&U have kinda combined efforts and they seem to be getting a ton of deal flow in the ESG and Energy transition space. JEF Energy is also a top energy shop as I am sure you know, so that might be a good place to be in too.
Would also appreciate any colour on culture / people / hours specifically - big decision so would love to inform myself on anything in addition to deal flow.
I've worked across from Barclays P&U on a mid cap deal in Europe. Team was very solid with a mixture of German and London based bankers. Quality of mid levels seemed good and MDs were strong and played hardball with us. Juniors worked hard for their associates and VPs. They had a good horse for the deal so I assume they work closely with similar quality major European utilities players regularly.
That's super helpful. Thank you!
are you looking for insights on the US group or the UK group?
UK group! I flagged London in my first post but I guess I didn't specify in my first message.
Any colour from anybody on Rothschild team?
Rothschild is a top performer in energy and power and far better than Barclays. Between 2018-2020 they completed the most transactions in the space globally (volume house) and in Europe between 2018-2020, Rothschild came second in the E&P rankings for deal value behind just Citi. To give you some flavour, between 2018-2020 in Europe for E&P M&A, Rothschild did 70+ deals at a grand total of 95bn+. Barclays on the other hand did 25 deals for a grand total of 16bn. You do the maths.
If this was the US I'd say you'd be crazy to leave JEF for these banks in these verticals. UK different story.
Could you add a little on why leaving JEF in these verticals would be crazy?
JEF top bank for energy (O&G) in the US. Power, utilities infra is decent. Night and day difference on the exits from these two groups.
JEF energy > barclays energy/most energy banks out there
Barlcays power >>>>>>>> Jef Power
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