Rothschild & Co USA Info

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."