Mainly interested in exit opps and culture. Have heard Rothschild will be much better for deal experience, but deal sizes are much smaller.
Looking to do 2 then leave to industry or buyside. Not interested in being a career banker.
Thanks!
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Based on the WSO Dataset, Rothschild and UBS offer distinct experiences that could influence your decision, especially if you're considering exit opportunities and firm culture:
Deal Experience at Rothschild: Rothschild is known for a high volume of deals, which are generally smaller in size compared to some other banks. This could provide you with a broader experience across various transactions, beneficial for skill development. The firm's culture is noted for its focus on self-responsibility, which might appeal to you if you prefer a degree of autonomy in managing your work and career progression.
Exit Opportunities: While Rothschild deals might be smaller, the firm has a strong reputation and presence, especially in Europe. The experience here can be quite valuable if you're looking to move to the buyside or industry later. Their culture of allowing recruitment activities with minimal disruption could be advantageous for your plans to transition out of banking after a couple of years.
Culture and Work Environment: Rothschild's culture is described as supportive of work-life balance with a degree of flexibility in work arrangements (e.g., work from home options were available even before the pandemic). This might provide a more balanced lifestyle compared to the often more demanding environments at larger banks.
UBS: While UBS is a larger, global bank with potentially larger deal sizes, the specific culture and exit opportunities can vary significantly depending on the region and group you are in. UBS might offer more structured training and potentially higher visibility deals, which could be beneficial for certain exit opportunities.
In conclusion, if your priority is gaining a wide range of deal experience and you value a flexible work culture, Rothschild appears to align well with your goals. However, if you are leaning towards larger, more high-profile deals that might carry more weight on a resume for certain buyside roles, UBS could also be a strong contender. Consider what aspects of your career development and daily work environment are most important to you in making your decision.
Sources: Rothschild & Co USA Info, Which EBs would you choose over Rothschild London?, Exit opps: I've crunched the previous work experience of 390 PE Associates.., Am I missing something about buyside exits?, London Ranking Exit opps PE and HF
bump
Roths. No question. Far better exit ops to PE and more deal flow.
People value you more from doing 5 MM deals than 2 big cap deals.
Far better exits to pe is just objectively wrong? Roths hasn't exited better than any BB in the past 5-7 years. Some other EB's sure, but roths definitely not. You are right on the deal quality point though, absolutely dog shit MM mandates (we dont care if the deals are linked to some prestige aristocracy/government connection too lmao) but I wouldn't agree with your perception of doing 5 mm vs 2 large cap when it comes to pe recruiting.
Incorrect.
You may not agree and that's fine but it's facts. Especially for London where Roths is a better brand for M&A than UBS.
PE partners would rather hire someone from Roths who's done 5 "shitty" MM sellsides end to end than someone from UBS who has done 2 deals, both joint adviser, where they've only done a fraction of the execution because of the size of the deal team. Especially when 1 of those deals is probably some balance sheet financing.
Don't make the mistake of being blinkered that BB is best. I've done both BB and EB. There's are pros and cons to both.
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