Sorry for another one of these threads, but I'm curious to see your thoughts on which one of these you would select (for SA).
I'm leaning towards Rothschild at the moment since I think it's a stronger bank overall. I like Jefferies HC (who doesn't), but neither the Jefferies or Rothschild offer is group specific.
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Jefferies - unless you love restructuring. better comp, better FT conversion rates. equal if not better exit ops.
Jefferies
In my conversations with one of the associates (couple weeks ago), he told me they were looking to take 10 SA's and hire maybe 6 FT.
also, look at this thread: http://www.wallstreetoasis.com/forums/rothschild-nyc-1
The guy mentions that he knew 3 of the SA's and only one returned FT. NYC took roughly 10 last year, so if 2 of the 3 people he knew didn't go back, they couldn't possible have had a 90% conversion.
I've done a little more research since then, and I heard that last year's conversion rate was almost every single SA (9/11 or something similar). If anybody has any evidence to the contrary, could you please post? I'm very interested as well.
With regards to the original question, I think it comes down to culture. JEF's comp might be better, but you really shouldn't be too worried about comp at the analyst level.
take jefferies
^ didn't meant to step on your toes A Fellow Linguist Just reiterating what I heard from an employee in their NYC office this recruiting season
at any rate, you've got 4 votes for Jeff, and 1 it depends. (and Jefferies normally gets bashed on this site). either way, best of luck with your decision
Huh, I would take Rothschild in a heartbeat. Do their exits suck or something?
Rothschild doesn't suck, Jeff is just better look at the Vault Banking 50: http://www.vault.com/wps/portal/usa/rankings/individual?rankingId1=251&…..
Ratings compiled by bankers on the street. Jefferies is #12. Rothschild is #28.
i call this ranking bs - KBW/Suntrust/RBS ahead of DB, Barclays and UBS?
all of those shops are stable or growing (Suntrust, KBW, RBS). the odds of turning a SA stint into a prosperous 2 years at UBS, DB or Barclays is pretty slim. bonuses have been cut to the bone, or zeros (if you haven't been laid off). meanwhile, all the good guys from the bottom BB's get bought out, and those banks turn into sweatshops in a desperate attempt to come back in the rankings so culture sucks.
You have no idea what the fuck you are talking about.
yea ok... tell me you know a lot of happy analysts at UBS with good looking bonuses and job security.
If you're going to come up with a bad insult, try not to make grammatical mistakes. Kind of detracts from your legitimacy; it'd be 'do', not 'does'.
I never said I lived and died by the list - its just a consensus survey published by one of the most widely renowned career sources in the world. take it or leave it mrb87
Dude I was typing on my phone and i dont typically make grammatical errors but am actually embarrassed i did. Obviously I know the second-person singular conjugation of "do" is "does".
I don't really give a fuck what you or vault has to say, and I doubt anyone else who actually has a finance job does, either. Vault rankings are worthless.
what does Jefferies pay?
bump
what did you choose rothschildren?
Lol if you listen to Vault, you should pick HLHZ over GS/MS/Moelis/Qatalyst/JPM/Blackstone etc because last year they were ranked #1 overall bank to work at.
This shows vault is as valuable as the toilet paper that wipes my ass in the morning. both are full of shit.
I would vote Jeff based off of comp, exit ops, and current trajectory
Agreed
How is JEF bonuses this year for analysts? Any ideas?
Rothschild NYC for sure. Gr8 culture.
The number of clueless college kids commenting on this site is sensational... Seriously. I'm London based but here are my comments: Jefferies is an "ok" bank in both Europe and the US whereas Rothschild is a good bank in the US and a top bank in Europe. I know for a fact that GS recruits lateral from roth in London but not from Jeff as they don't consider it Tier 1 - think that says it all? Fail to see how it would be different in NYC (maybe it is though). Regarding HC in particular: I'm an HC banker and as any HC banker will tell you Rothschild has one the best HC franchise in the world. Albeit more Europe centric than Jeff but see Fougera/Sandoz and Nestle (both £bn+ NYC deals). I know Jeff has strong HC but it will always be second to Roth's. Fyi as far as MM HC is concerned William Blair is v good too. Don't know about Jeff culture in US but their London office varies from alright to absolutely aweful (their HC team has a terrible reputation regarding how juniors are treated). Roth has a v good reput in London.There was an MD at Jeff HC London that used to shout at everybody all the time for no reason - apparently was fired recently. To me Roth and Jeff are just not in the same bucket. Would be really interested to see how many of the guys recommending Jeff on this thread are FT bankers at tier 1 banks... Anyway, think conversion is good at both banks: if you perform you'll get an offer. If you suck then go where you have the best odds. Ask any analyst/associate worth their dime: interns that are good get offers in the vast majority of cases. The problem is a lot of interns think they're much better than they actually are. Including at GS. My 2 cents. Edited for late night typos.
My understanding is that Rothschild UK and Rothschild NYC is orders of magnitude different in terms of prestige. Rothschild is thought of as an elite boutique in Europe, but more like a top MM here in the US. I certainly doubt GS takes more lateral hires from Rothschild than Jefferies here in NYC.
That being said, I'd take Rothschild over JEF here in NYC as well, but I think your view is fairly skewed.
My understanding is that Rothschild UK and Rothschild NYC is orders of magnitude different in terms of prestige. Rothschild is thought of as an elite boutique in Europe, but more like a top MM here in the US. I certainly doubt GS takes more lateral hires from Rothschild than Jefferies here in NYC.
That being said, I'd take Rothschild over JEF here in NYC as well, but I think your view is fairly skewed.
Bump, any updates in 2021?
Jefferies and it is a pretty clear choice in my opinion.
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