Rothschild & Co USA Info

Any updated info on Rothschild North America ONLY. Comp, exit opps, rankings, what firms they are similar to etc? I've seen different opinions on the firm some say boutique, MM, EB, but lot of it has been few years ago and I know they are on a heavy upwards trajectory for M&A lately. Thank you!

 

Probably the worst EB and in the same tier as GHL. Some say it's not an EB though

 

Personally wouldn’t consider them an EB in the states and would take GHL/Gugg/Jeff above them. Solid culture with a competitive RX franchise (think PWP/CVP tier). Agreed exits won’t be amazing and you’ll have to work to get into UMM

 

As someone who interviewed at Rothschild and other EBs, they definitely have an easier process than Moelis, Lazard, and Evercore
 

Technicals were straight from the guides. There’s no traditional superday either, just a day where you do 2 one on one interviews. Final round was all about fit. 
 

I know in London they have a prestige discount since they’re a top EB there, but I don’t think they have one in North America; however, I don’t think they’re pay is anything special too. They provided a $35 wfh meal stipend, but I don’t think they’ve made any announced about pay bumps like other places have done. I think Guggenheim is a good comparable, and they raised to $100k so I hope Rothschild follows to at least $95k. 

 

Can confirm. In my experience, also easier process than Guggenheim, PWP, PJT. 

Had a technical-focused first round interview on campus. Answers directly from guides. The final round "super-day" (which is not a traditional superday, as stated) I had is exactly as described as above. Two one-on-one interviews and a chat with the head of HR. All about fit. 

Pay is "street," lower than other EBs, but on par with BBs. Have not heard from anyone working there that there has been a pay bump. 

Nice people overall, and you'll work a bit less hard than some of the other EBs if you do M&A. Never spent a day at the office later than midnight. Nice people and collegial culture. Left for a Long Only shop in a LCOL city. If I myself had the choice, I would pick them again over Jeff and maybe GHL. That said, they definitely fall behind some of the other well known boutiques like Moelis, Lazard, or PJT, except in their RX practice (which is fairly comparable to PWP and CVP as stated above).

 

Lol at calling Rothschild an EB in US. It’s not and don’t think it will be anytime soon. Also, would much rather take Jefferies over Rothschild in US for a variety of reasons. 

 

Yeah like benefits like dinner stipends, gym discounts, bonus etc!

 

lol @ the rothschild interns/analysts in this thread saying its an EB

 

Thank you! Except for their RX group. These insecure nerds will never admit it lol

 
Most Helpful

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." 

 

I feel like those that used to say RBC is a BB  jumped ship to Rothschild because saying Rothschild is an EB (in US) is the new meme of wso

 

RBC not a BB. Roth = EB. Really simple. 

Lol Roth is not an EB in US. It doesn’t pay like an EB, it doesn’t perform (in the league tables) like an EB. If you call Roth an EB you’ll have to call other banks like Jeff an EB too (by the way, Jef pays above street - closer to EB level at associate and up for top performers, and performs like an EB - top 10 league table, avg deal size of close to a billion dollars). The fact is that Roth is simply not an EB in US and it won’t be. It’s top group, Rx, had the rainmaker leave for another firm recently. 

 

Their comp is now above street at 105k base which is higher than some EBs

 

UVA, Michigan, and Texas are targets for R&Co as well. I would second that they are relatively  nontarget friendly too. I recruited there and I thought the culture seemed great. I was bummed not to get the offer because the bankers I spoke to were all chill.

 

How are the hours? Heard they have protected weekends now

 

Anyone know how their groups are structured? Do they have an ECM team that recruits separately?

 

Just started here. Base 120k plus a whole load of fantastic benefits/signing bonuses. Company is on a strong uprise with multiple record quarters in the past few years. Great deal flow, and you wouldn't even be able to spot the difference between Rothschild and a BB from the inside, as the bank is widely considered #1 in Europe and that culture translates to the NA offices.

 

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