Comments (29)

 
Dec 21, 2009 - 8:38am

Many people haven't even heard of Rothschild.

If you ever want to leave banking, it will be easier with the much more recognizable name (also easier for business school).

Also, since you are asking about M&A, MS is by far the best (even better than GS). Rothschild is nowhere near second (the only area where they are very strong is restructuring).

You might possibly be justified in going with a top boutique over MS (Laz, Ghl, Evercore, BX), but rothschild would be crazy unless you get into their restructuring group and are positive you want a career in restructuring.

 
Dec 21, 2009 - 9:08am

Dont agree with everything CashCow said.

But, if its North America, I'd go with MS. If in Europe, I'd take Rothschild.

  • 1
 
Dec 21, 2009 - 11:35am

You'd be better positioned as a leader in the New World Order comming from Rothschild.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 
Dec 21, 2009 - 1:20pm

Here are my thoughts.

1) Morgan Stanley has tremendous brand recognition and you WILL get a good experience. Even if you don't get a good experience, you're a crappy analyst, get shitty work, etc. headhunters will be jocking you non-stop. The worst analyst in my group went to Providence, which is a great shop. There are no asterisks associated with working at MS. Back when I was an analyst people would say I work at UBS (1) or I work at Credit Suisse (2) or Lehman. You work at MS you just fucking say you work at MS and people know what the fuck is up, no asterisks needed.

As for exit opps Morgan Stanley on your resume is going to push you light years ahead of Rothschild in PE/HF recruiting. All the major buyout firms hold special cocktail hours/dinners for GS/MS candidates (and some others), which gives you a HUGE leg up on recruiting. Alot of these firms ask for the white shoe candidates from the headhunters and backfill the spots with other banks later on in the process.

Note:
(1) in the Los Angeles office, which has Ken Moelis and all the DLJ guys.
(2) in FSG in NYC, I worked on that Apollo deal.
(3) in Retail, after they stole the team from Credit Suisse.

2) Someone pointed out that Rothschild is a stronger brand in the UK, I disagree. I think Rothschild's presence in the UK is 100x stronger than it is in the US. MS is a global brand with prestige associated with it wherever you are.

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  • 1
 
Dec 26, 2009 - 12:20pm

Rotschild is definitely a nice firm, but Morgan Stanley M&A is the best on the street.
Just look at the 2009 YTD league tables guys (source: Thomson one banker)

Worldwide completed YTD
1. MS
2. GS
3. Citi
11. Rotschild

Of course, this table differs every year, but a gap of #1 vs. #11 is difficult to ignore.
Good luck with your choice.

 
Dec 28, 2009 - 11:59am

Does this really merit further explanation? No, MS won't collapse soon, although have we already forgotten that it almost did just over a year ago? This is something Rothschild et al have never had to worry about (along with press coverage, political pressure, populism, and oh yeah, its share price).

I certainly would not have wanted to be in the shoes of an MS -- or any other BB -- analyst 14 months ago.

Rothschild and other private firms have built businesses based purely on [centuries of] providing the best advice. MS and Goldman used to be similar -- in fact they made their names as private firms -- and then they threw in securities and started to take on risk.

In the end what matters is where you'll do best, and that's something that a league table won't tell you. Apparently a forum here doesn't provide much help either.

 
Jan 14, 2010 - 6:13am
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