LZR/EVR/PJT/CTW/PWP/ROT 2022 Ranking in London/NY ?
Hi everyone
I'm from a top tier European school, and I want to join a top boutique in NY but I need to start in London
Where do you think I should start ? In terms of deal flow, prestige, work culture, comps, exit ?
I heard a lot about Rothschild very strong in France but not in the UK or US, or Evercore very strong in the US but not really implemented in the UK ? Or Centerview not a big deal flow but large comps ? And what about Perella and PJT ?
Any comments or thoughts will be really appreciated !!!!
Thanks a lot
Boutiques a lot weaker in London than NYC with Lazard and Rothschild being exceptions. Roths London is no1 in deal volume (altho they're MM deals) and is v prestigious in London. Not ideal to go from London Roths to NYC Roths as they're a bank that hasn't really cracked the US.
Similar story w Lazard, strong Rx exits there too I've heard but there USA presence is still very very strong, it might be better than London for relative deal flow/exit opps (idk tbh) but other boutiques become more noticeable here too.
Just in case this helps - Rothschild is extremely strong in Middle East and Asia, specially India. They have a very strong team with incredible exits.
Asia really?
Heard Roths is trying to grow in the US. Have they made progress?
not american idk
What's ROT? Rottweiler?
Rothschild is only strong in Europe and UK. It's highly regarded in UK and is definitely an EB there. Very high deal flow although also a lot of MM deals. In US, they're pretty lacking in presence tho. But probably Roth is the only non-EB boutique in US that still enjoys some prestige and recognition thanks to its name.
Very true. RTH currently ranks 9th globally in deal value year-to-date. 75% of that comes from Europe. By comparison, LAZ ranks 8th globally but only some 36% of their deal value is European.
imagine telling some rando you work for "Rothschild"
Would think you're some illuminati shit
This not wrong :)
Roths and Laz are a class above the rest in London (exceptions for CVP consumer (although Roths consumer is top tier), EVR FIG and PJT RSSG)
wb HL RX? surely at least on par w PJT RSSG in LDN
I work at one of Laz/PJT/HL and my staffer always mentions the other two so I think it's fair to say they are very similar
Rothschild consumer is probably one of the best consumer team in Europe to be fair. Just looking at the deals they have been on, basically all the mega deals happened in consumer had Rothschild on one side of advisory. Group is pretty sweaty tho
What about Moelis?
Leeches of US team for deals, I'm sure its a great firm but not a solid base in LDN/EUR
In terms of deal flow and deal quality in US, what is Roths comparable to?
Pretty decent, UMM mostly, 50% 1bn+Comp is teir 1, ANA1 all in last year was 210k+
Source on comp? You know someone there?
Centerview. Who cares when you have that level of pay? Centerview is private.
Roth > Laz > all the others
Following teams are #1 by deal flow/ prestige in EMEA at Roth
1) Real Estate
2) Consumer
3) P&U
There’s a few more but Roth is unbeatable in EMEA amongst boutiques.
source - currently an associate at a BB in London lateralling to a boutique
I don’t want to spend anytime further arguing with some angry RTH or BB associates who shit on PWP/PJT london, but I just want to highlight that RTH and LAZ have a different business model from all the other EBs. They do not have an EMEA HQ, just many local offices, which means if you go to RTH LDN, you will work on UK deals only, RTH Paris you will do France deals only, etc. same for LAZ. Additionally, RTH (and LAZ too, even if less) do mostly MM, in some local offices I saw RTH pitching for €10m sell side mandates. Laz and RTH are great and established shops, winning loads of mandates, but have a way different structure vs other EBs (they have almost thousands of bankers in europe). JUST TO BE CLEAR, I’M NOT SAYING IT’S BAD BUT IT’S A DIFFERENT CONCEPT OF EB VS CVP/PJT/EVR WHERE YOU DO MOSTLY LARGE CAP MANDATES.
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