Jefferies IB vs Rothschild IB
If I have offers from Jefferies and Rothschild, and I am really interested in healthcare, which should I chose and why?
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Roths culture/comp > Jeff but Jeff healthcare > roths healthcare
Deal flow and transaction sizes goes to Jeff In The US. Roth in the EU is the top bank pretty much
Can’t speak to Roths comp, but Jeff is normally at street or higher. 2022 was a shit year for everyone especially firms that are growing
As per culture - Jeff HC is a sweatshop hands down. Are there MF exits? Yeah the occasional. But you gonna work for it? Yeah.
But that’s my opinion. Both offers are great and if you decide on jefferies I’m happy to grab coffee sometime
Anyone got insight Roth vs Jefferies for RX exits? More curious about NYC office
Take Rothschild and do not look back
Idk man look at recent deals w Jeff, and they hired some MDs from EVR and are building out their debtor deals
Roth on the other hand just lost one of their best MDs for TRS and aren’t what they used to be
I don’t work in rx, so can’t comment on that. If you’re interested in m&a, you get paid more, have fewer hours, and work with people are nicer at Rothschild. That’s all that matters.
How about Guggenheim?
Is this for '23 or '24?
Thought '24 apps close today
In the US, Jefferies is going to be better for PE exits and overall brand than Roths in most groups besides RX. Roths has an excellent rep in Europe, but this just hasn't carried over to the states. It's a solid firm and they aggressively are looking to build their US franchise (but who isn't, lol). Jefferies culture has improved a lot over the past couple of years since Lorello retired. If you talk to most analysts, they will say they are quite happy with their experience. Some groups more than others. Pay wasn't great last year for analysts, but near all banks were at similar levels if not worse (i.e. MS, JPM, Barclays, etc) with the occasional outlier that paid really well and focused on 2021 vs 2022 performance.
HC at Jefferies is top of street (particularly HC services which is where the majority of PE activity is) and MF exits happen every year. HC also does all M&A in house which is excellent from a PE recruiting perspective. You will still get to work on all of the products at a full service bank like JEF where this won't be the case at Roths.
I can't speak to culture / people at Roths as i don't have any datapoints, but purely based on brand, exits, and the fact you want healthcare, i would strongly advise you take Jefferies between the two.
This is all assuming we're talking about NYC.
I was an analyst at Rothschild's US office for two years. I can't speak much to the comp these days (I was around when 1st year base was 85k) but I found my total comp to be in line with the EBs (bonus was roughly my base first year and maybe 1.2x my base as a second year?
I think if you are really interested in working on cool high profile deals and care a lot about exiting into well known PE shops, Jefferies is probably right for you. At Rothschild, people still have solid exit opportunities, but there's less handholding and no one is going to help you leave - you need to take initiative on your own. Our class is still pretty close and almost everyone ended up at great places after banking (both in and outside of traditional finance). I also know at least 4 people (out of a class of 30ish) are headed to Harvard / Stanford for an MBA this fall. Not trying to say they ended up there because they went to Rothschild - but they each built really strong relationships with associates/VPs/MDs who wrote super strong recs for them.
Not going to lie and say that I loved my time there - being on the sell side isn't for me and the IB hours weren't always fun - but for the most part the associates, VPs, and directors in the middle are mostly normal human beings who don't see you as another cog in the wheel and try to make sure you're getting the most out of your time there.
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