Rothschild Industrials
Have a friend of a friend talking about how a good amount of juniors quit this summer and everyone left has been pulling 100+ hrs every week, with one guy hitting 125+ hrs for weeks in a row. Also mentioned working the 6 interns until 4-5am every night, sometimes letting them log off a little earlier on Saturdays.
Anyone have info on how bad it really is? Or does everyone still there pull so many hours they don’t talk to anyone anymore…
Based on the most helpful WSO content, extreme work hours like 100+ hours per week are not unheard of in investment banking, especially during intense deal cycles or at certain firms. There are accounts of juniors and interns working until the early hours of the morning, with some even logging 125+ hours in a week. However, these situations often depend on the specific team, group, or firm culture.
For example, some threads highlight that while such hours are possible, they are not always the norm across the board. Factors like the type of deals, the firm's culture, and even geographical location can influence the workload. Interns, in particular, are often pushed hard, with some reports of them staying until 4-5am regularly, as mentioned in your query.
If Rothschild Industrials is experiencing a wave of junior departures, it could exacerbate the workload for those remaining, leading to such extreme hours. However, it's worth noting that these situations can vary widely, and not every team or group within a firm will face the same intensity.
Sources: Work/Life Balance - Hours, 60+ Hours/Week: Outlier or a New Normal?, Rothschild NYC Groups, The Myth of the 100-Hour Week, I haven't found IB hours to be that bad- where do the stories come from?
Do they, by chance, have a Milwaukee office which recently hired a VP from a MM shop in the area?
Is this a meme? Sounds memey to Baird but I don’t fully understand.
If I remember correctly, Baird only fired one VP, who was pretty bad, to "fix" their culture issues.
Wonder how their deal flow is. CIQ showed a handful of transactions over the past year, with the most recent ones of note being co advised to GS and HL.
Understand that MM deals don’t always appear on CIQ but am surprised they’re getting grinded this hard
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This is an exaggeration, working 125+ hours a week for multiple weeks in a row just isn’t possible.
That’s what I thought — trying to see if it’s true
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Yes, a bunch of An3s quit after bonuses this year. Haven’t been plugged into the stories this summer but wouldn’t doubt what you’ve said. They’re the harshest group at Rothschild, and it’s not just the MD - it’s the whole group culture. If you walk into their neck of the woods at night, it’s dead silent while other groups are talking.
Are they the strongest group in Rothschild's NYC office?
Yes
Sure, you can consider them one of the strongest, although I wouldn't say Rothschild is a top 3 bank in the MM space in any industry vertical, so keep that context in mind. Their MD headcount is pretty small compared to other MM players.
I'd say the industrials culture isn't worth the deal flow, but there are some groups that have more appropriate culture which more closely matches deal flow. Industrials is really the only group to seriously avoid on the culture front though in NY. Every other NY group is probably at least average to slightly above average culture wise
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Was about to interview with this group but decided not to after speaking with some of their bankers. My understanding is that 100 hour weeks are basically the norm. Culture appears very toxic. There are other industrials groups on the street…
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any more insight to this group? Is it more middle market or closer to the EB rep of roth in Europe?
Curious
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