Rothschild & Co London
How's Rothschild's reputation in London? In terms of prestige/exit opps/culture/work balance? I understand that they're well respected in EMEA but does it reflect this for buyside opportunities (MF - Apollo/Carlyle/KKR/BX)? Any other fun facts/opinions people want to share about their London office?
Great reputation and insane dealflow. Pay is below market. Probably the best office building for an London IB full stop. Rothschild exits very much team dependent, as some dip into MM more often than others. However its a great place to be a career banker. They'll encourage you to take up board positions and non profit roles to ease you into retirement.
Below market pay, really? Their analyst base is the same as other BBs. How’s their bonus? Is that where they lack
Bonus is lower, yes. Expect 50%.
Hey, interesting. I know it has been a month since you posted but I wanted to ask, did you see anyone coming from PE moving to Rothschild? Started in PE and did a 4 years stint but would like to potentially move on the advisory side.
Strong deal flow but you be working on 5mn EBITDA Business Services companies that are based in Brighton
This is a big one. Wouldn't take them over any of the BBs at an analyst level.
are u an incoming analyst at Roths or smth?
Yep, why?
Strong firm, I would say at least at BofA level behind GS/MS/JPM together with Laz. Have seen most MF/UMM exits from HC/C&R/Industrials.
Is Roths really on the same level as BofA? (genuinely curious because most ppl I know say BofA is a notch above)
Different type of transactions. BofA does much larger transactions compared to Rothschild, which churns out MM / UMM deals at a very high pace. At an MF / UMM firm you will be doing large transactions, which is why exits are better from BofA than Rothschild. With that said, people I know at Rothschild tell me about a very steep learning curve. You get a lot of responsibility early on (for example, you often hold the pen on the model as an analyst, while that would be done by an associate at some of the US BBs). You will also get to close a lot of live deals in a short period of time. One of my friends at Rothschild closed 12 deals in his first 2 years, while I know people at GS / MS that closed 1-2 deals in their first 2 years.
In terms of culture, I've heard that both Rothschild and Lazard have a pretty British elitist culture.
With that said, you will be doing more, smaller, and less complex transactions at Rothschild. Great learning experience but MF / UMM exits are worse compared to the US BBs.
Always difficult to rank banks that have a very different business model, but I would agree that the US BBs are generally considered a notch above Laz / Roth
Bump
Echo what's been said already above - would also mentioned that their Healthcare team in particular is amazing, one of the best HC teams in EU
The ones i can comment on:
I’ve seen consumer team in action too and they were solid.
It’s boutique so the coverage teams do all the execution, which means that if you are working on public m&a in the UK you will learn some valuable things that only UK m&a teams do in BBs.
Downsides are sweatshop hours, enormous turnover (they also hire a lot from other banks, incl. lower tier). Pay: not sure now, but when I started the analysts bonuses weren’t terribly exciting.
Itms a really solid shop, incl if you want PE exit. But it comes at a cost
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