Rothschild & Co USA Info
Any updated info on Rothschild North America ONLY. Comp, exit opps, rankings, what firms they are similar to etc? I've seen different opinions on the firm some say boutique, MM, EB, but lot of it has been few years ago and I know they are on a heavy upwards trajectory for M&A lately. Thank you!
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Think the name brand is great and you'll have opportunities to talk to most UMM/MM PE funds if you're good. Not sure about ranking but I'd guess your experience would be similar to Greenhill / Guggenheim / Houlihan.
$80k 1st year analyst
Are you sure? I’m doing 2022 SA, and my salary is 85 prorated.
85 is right, the 80 is bs and not true
It’s currently $85k for AN1
Do you know if Rothschild is going to increase salaries because of the recent analyst pay bumps?
$105k AN1 not 80 or 85
Probably the worst EB and in the same tier as GHL. Some say it's not an EB though
EB in Europe, not an EB in US
For sure. In Europe is as big as MS/GS.
Thoughts on culture?
Personally wouldn’t consider them an EB in the states and would take GHL/Gugg/Jeff above them. Solid culture with a competitive RX franchise (think PWP/CVP tier). Agreed exits won’t be amazing and you’ll have to work to get into UMM
As someone who interviewed at Rothschild and other EBs, they definitely have an easier process than Moelis, Lazard, and Evercore.
Technicals were straight from the guides. There’s no traditional superday either, just a day where you do 2 one on one interviews. Final round was all about fit.
I know in London they have a prestige discount since they’re a top EB there, but I don’t think they have one in North America; however, I don’t think they’re pay is anything special too. They provided a $35 wfh meal stipend, but I don’t think they’ve made any announced about pay bumps like other places have done. I think Guggenheim is a good comparable, and they raised to $100k so I hope Rothschild follows to at least $95k.
Can confirm. In my experience, also easier process than Guggenheim, PWP, PJT.
Had a technical-focused first round interview on campus. Answers directly from guides. The final round "super-day" (which is not a traditional superday, as stated) I had is exactly as described as above. Two one-on-one interviews and a chat with the head of HR. All about fit.
Pay is "street," lower than other EBs, but on par with BBs. Have not heard from anyone working there that there has been a pay bump.
Nice people overall, and you'll work a bit less hard than some of the other EBs if you do M&A. Never spent a day at the office later than midnight. Nice people and collegial culture. Left for a Long Only shop in a LCOL city. If I myself had the choice, I would pick them again over Jeff and maybe GHL. That said, they definitely fall behind some of the other well known boutiques like Moelis, Lazard, or PJT, except in their RX practice (which is fairly comparable to PWP and CVP as stated above).
Never a day in the office past midnight! That seems pretty special in m&a
Lol at calling Rothschild an EB in US. It’s not and don’t think it will be anytime soon. Also, would much rather take Jefferies over Rothschild in US for a variety of reasons.
Do you know about associate pay? Is it all cash?
Rothschild over JEF in the US is a joke. JEF is 10x stronger across all products in the US. JEF was ahead of UBS and DB the past two years in IB league tables.
Would you guys accept an offer there or wait for BBs
Accept then renege
Accept lol you can jump to BB for FT if the experience isn't right
https://www.wallstreetoasis.com/forums/rothschild-co-in-2020
Some good insight in this post ^
Regardless if they are or aren’t an EB in the US now, what does their trajectory point to in 5 to 10 years?
Anybody from Rothschild that can speak about their experience?
gonna be starting FT in 3 months lol ask me then
At point do you do group placement? Other than RX, what are their strongest groups? Is it hard to get your first choice if it's not RX?
How's your experience been now?
Anyone know about perks?
Snacks in the office pre covid also
401k match...that what you mean by perks?
Yeah like benefits like dinner stipends, gym discounts, bonus etc!
Anything else? Meal stipends? Gym? Travel?
lol @ the rothschild interns/analysts in this thread saying its an EB
Not at Roth but it's definitely an EB.
Rothschild is not an EB lol
Average MM shop here in the US
Thank you! Except for their RX group. These insecure nerds will never admit it lol
How’s their consumer group
I work at BofA/Citi/CS, so I have no skin in this game, but I have a friend at Rothschild who has spoken with me about them in the past. They're a very different bank for exits and career banking. For exits...they're not really the same as Evr/Laz/Moe. Rothschild has a culture focused on self responsibility, meaning they don’t really care too much about what you do as long as you're getting your work done. This means they don't mind you recruiting if it's not being a serious disruption. It also has allowed for a degree of WFH before the pandemic as well. I think RX has the best exits, but I'm not really sure.
In terms of career banking, Rothschild is a great place to be. They're rapidly expanding in North America and have a very strong culture of retaining talent across all levels. One thing to note about their deals is that they focus more on number of deals vs size (though almost half their deals in NA are still $1Bn+). Despite this, they still do place very highly in overall M&A fees which I assume translates into big bonuses for their seniors, but I don't know for sure. I also don't know if they allow equity partnership (the company is "owned" by the Rothschild family, but still trades on Euronext). Someone above said they have a "prestige discount" in Europe but not North America, and that is true.
Overall, I went into banking not knowing if I wanted to do A2A and be a career banker or if I wanted to exit to PE. I think going to a place like BofA/Citi/CS was the right decision for me at the time because it provided me with the most career options; however, now that I'm settling into my roll as an associate, I have been strongly considering a lateral move out of the BB, (partially because fuck vesting bonuses). If I had the opportunity to move to Rothschild, I would strongly consider it.
Finally, nobody outside of this forum uses the term "elite boutique." You'd look odd to say it in real life. The preferred term everywhere is "independent advisory" or even just "boutique."
Do your know what their strongest groups besides RX are?
They’ve had equity partnership since 2014
I feel like those that used to say RBC is a BB jumped ship to Rothschild because saying Rothschild is an EB (in US) is the new meme of wso.
RBC not a BB. Roth = EB. Really simple.
Lol Roth is not an EB in US. It doesn’t pay like an EB, it doesn’t perform (in the league tables) like an EB. If you call Roth an EB you’ll have to call other banks like Jeff an EB too (by the way, Jef pays above street - closer to EB level at associate and up for top performers, and performs like an EB - top 10 league table, avg deal size of close to a billion dollars). The fact is that Roth is simply not an EB in US and it won’t be. It’s top group, Rx, had the rainmaker leave for another firm recently.
Can people actually ever discuss what it’s like to work somewhere instead of getting hung up on “is x an EB/BB”
Lmao
How’s pay at the associate level and above
Bump
Bump
Bump
A2A is 3 years almost. Everyone on LinkedIn I found started An1 in July and became associate 2 years 10 months later in April.
What have exits looked like?
Their comp is now above street at 105k base which is higher than some EBs
I hope it’s not just moving bonus to base. Regardless it’s the highest base.
Is any bank at all at this or higher base? Heard of Guggenheim at 100k, but haven't heard any EB moving up from 95k.
Not at the moment
Anybody know how hard it is to transfer from NYC to Chicago or LA
Wharton, Duke, UW Madison huge targets. Relatively non core friendly
also ross
UVA, Michigan, and Texas are targets for R&Co as well. I would second that they are relatively nontarget friendly too. I recruited there and I thought the culture seemed great. I was bummed not to get the offer because the bankers I spoke to were all chill.
bump
Is analyst program 2 or 3 years?
What are the best and worst groups ?
heard RX is sweat
Rx is very strong - Puerto Rico debt restructuring ($100B), PG&E, looks like they focus on debtor side.
Do you know about C&R
How are the hours? Heard they have protected weekends now
How good of a CEO is Alexandre de Rothschild? Just curious since the CEO is always just a family member
Pretty chill dude tbh. Not a moron like GS DJ!
Can anyone speak to culture of specific groups?
Are they on an upwards trajectory
Bump, any insights into the culture of different groups?
North America is pretty chill compared to London for sure (Idk what the Paris office is like).
Which offices in North America have a consumer team, and if so, what verticals do they serve? I know New York's consumer team is pretty general while Chicago's has a focus on something but idk what. Does Los Angeles have a consumer team?
I believe LA has a tech and consumer. However, I would imagine it's a little smaller than the others.
LA also has a small but expanding healthcare presence as well. One of their strongest groups.
Can anyone speak about Rothschild's equity advisory/ECM group?
probably not, considering the number of times this post has been bumped :(
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Take over Lazard MM for sure.
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Is RX only in NY
Anyone know how their groups are structured? Do they have an ECM team that recruits separately?
How were bonuses this year 2021
Just started here. Base 120k plus a whole load of fantastic benefits/signing bonuses. Company is on a strong uprise with multiple record quarters in the past few years. Great deal flow, and you wouldn't even be able to spot the difference between Rothschild and a BB from the inside, as the bank is widely considered #1 in Europe and that culture translates to the NA offices.
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