Rothschild Reputation

Looking for some info on the GFA Summer Analyst Program. Anyone have info regarding culture, hours, exit ops, comp, etc.? How does it compare to MM firms like Houlihan Lokey (for M&A) or Jeffereis or some lower BB's like Barclays, UBS, etc.? This is for NYC by the way.

 
Best Response

Rothschild is a really prestigious boutique and has been around for a very very long time. It is highly regarded in Europe for M&A and RX and does big deals there. In the US it does more middle market sized deals for M&A and larger deals for RX.

Rothschild RX in NYC is very well regarded, has smarter people, gets good deal flow, and tends to have good exit opportunities. It's M&A advisory business is good too but nothing to write home about and is probably a mid-tier MM shop. That being said, Rothschild is a great name to have on your resume and will open up opportunities.

Very selective as well as they only recruit from five schools: UPenn, NYU, Michigan, UVA, and Babson. They are also supposed to have a great / strong culture but will work you hard and has a reputation for paying street or slightly below street.

Comparing Rothschild to a BB, in most cases you would probably take a BB over Rothschild M&A. Even at a lower tier BB like DB or UBS you would still work on larger deals which could open up more exit opportunities but I don't think it's necessarily a mistake to take Rothschild M&A if you like it better over the lower-tier BB. If you get Rothschild RX, I would definitely take that over lower-tier or mid-tier BBs if you have any interest in the space.

I would consider Houlihan Lokey to be an Elite Boutique. It easily has the best MM M&A practice in the US and is 1st in the League Tables year after year for MM M&A. It has one of the top RX practice as well usually coming in 1st in the League Tables both worldwide and in the US. Lastly it has the one of the best Fairness Opinions / Valuation Advisory practices in the world too. I would consider HL to be unique firm that is best-in-class at everything that it does. So if you get HL RX or HL M&A, I'd take that over Rothschild's corresponding groups.

 

would rank M&A practice in NYC as mid-tier MM experience. On par w/HLHZ. Below Jefferies. That kind of prestige/exit ops. Good offer and congrats but yes meaningful disadvantage for recruiting vs BB/EBs.

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”
 

lol... "fidelio"... classic

on a more realistic note, I've heard that their culture in Asia is pretty good. Hardworking / competitive people, but relatively more fun / human as compared to other Asian IB offices.... there M&A in China / Asia has been growing steadily of late and they've been adding bankers.

 

Rothschild is growing very strongly in Asia esp India, China and S.Korea. They have done some massive deals- Geely's acquisition of Volvo and the $20bn auction of 3G spectrum for the Government of India. I have interned at Rothschild in Asia, so I can tell you the culture is very nice and relaxed compared to BBs in London and the hours are slightly relaxed- upto 11pm most days, I have got off some days at 8-9pm as well. Can't say a lot about the Chinese offices though. The people are some of the nicest you'll ever meet in Investment Banking.

 

Mo

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

As others said, you won't have great opportunities as an Associate compared to the analysts. That being said, I've noticed some of the guys at the elite advisory shops moving to the buy-side (and not purely in deal-related roles). A VP from Blackstone R&R moved to Visium, an Associate (albeit A2A promote) from GS FIG moved to TPG Opportunities, and similar stories.

It can be done, but it's obviously far less frequent and structured than the analyst recruiting and transition process.

I think Moelis wins here, as it's got a better overall reputation in the U.S. than Rothschild. Given your industry interest, the West Coast also makes more sense.

I am permanently behind on PMs, it's not personal.
 
n1x:

Hi guys, I know there are a bunch of these threads but I figured I would throw mine in there as well and see what you thought. I'm a FY business school student deciding between offers from Moelis (LA office) and Rothschild (NY office) for their M&A advisory Summer Associate position. My goal is to work in the TMT group and use that as a launching point to move into tech-PE (think silverlake etc..) or a VC firm. To be honest I like the people I've met at Rothschild more but I have a feeling that Moelis may provide better exit ops. Curious what you guys think.

Thanks for the help

As everyone has said before me, MO LA sounds most appropriate for your stated goals. Stellar office.

 

so you learned how to spell and made a new account? good.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
TheBenevolent:
their top banker left to form wso

^^^This. Props Patrick ;-)

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Jadeveon? Shouldn't you be working on learning South Carolina's defensive playbook? In all seriousness though. I really liked everyone I met in the NYC office and it seemed like a nice place to work, but banking is still banking in terms of hours, grunt work, etc. Patrick obviously has more experience with them than I do, but I would say its really solid. Not sure about comp, but I believe its at the street as Gut Shot said.

 

In Europe they are greatly respected, especially since they started adding new seniors. In the USA, i don't think they are that great. In Asia its another story again...

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Not that it matters much, but just to give some color on their global presence in Brazil they are pure M&A advisors and they are highly regarded by clients here.

I have a friend who is an analyst there, he gets a lot of exposure to deals but is kind of a sweatshop - he consistently pulls 100+ hours workweeks. He gets paid way over street though.

 
nycIBD:
new world order

The House of Rothschild had been part of a very prevalent and enduring Old World Order for almost 200 years, but never appear on the top of Forbes list. Either they have the worst financial advisers EVER, or something is, and has been, amiss.

 
George87:
I know they usually shy away from publicity and have donated a large part of their estate and massive art collection (the largest in the world at some point) to museums in different countries (according to Wikipedia). I really have no idea how they would make up the difference in ref to the op's question

There are so many conspiracy theories about the Rothschild family- supposed net worth $500tn (although Forbes says 1.5bn), heavy involvement in governments across the world, Trilateral Commission, Bilderberg Conference, they essentially own the gold exchanges in London, and they influenced the outcomes of wars. (Napoleonic). Its like when someone mentions skull & Bones, why are so many in government and/or are powerful? New World Order, Illuminati. lol Not because of their upbringing, not because they are smart, not because they are ambitious, its because there is a conspiracy!!!!!! So obviously the new world order is funneling their M&A deals through Rothschild because they have the same end goals!!!!

IMHO many conspiracies are the refuge of those who need a reason as to why they are not successful

Reality hits you hard, bro...
 

$500 trillion is a lot of money. Anyone that thinks that is an idiot. If you meant $500 bn, that's still really stretching it, but a lot more feasible.

George87 is right, though. And keep in mind their fortune is split up between a lot of different people as well, I don't know if that plays a role, but honestly how much do you hear about the Rockefellers these days? Not much (except for that one that's in Congress).

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Rotschild is one of the oldest and most highly regarded banks, atleast when it comes to Europe. It is together with Lazard a boutique that's really competing with the BB when it comes to M&A. And also like Lazard they give independent advice.

The culture is probably different from the BB, especially those with an "american" culture since they are a) private b) independent c) very old

You could probably find tons of information by just googling on "Rothschild" or by going on there website and navigating from there. From what I've learnt in history class I know that they for instance financed the british army in the war against Napoleon.

Probably a pretty nice place to be, but I don't know anyone who works there.

 

........is as old school as you can get when it comes to banking. These guys practically financed the whole of Europe through their history.....

Of all the old school 'merchant' banks only Rothschild and Lazards survive. We would call these institutions 'establishment' (part of the ruling elite) - others have all fallen (the likes of Barings, Morgan Grenfell, Kleinwort Benson [now part of German Dresdner Kleinwort], Schroders etc etc)

From the ghetto....

From the ghetto....
 

In terms of M&A, they are well regarded. The only risk is that if the market slows down, they don't have anything else to fall back on, and then you're screwed. Also, they are very old money, so "common people" don't always like the stuck-up atmosphere. I know plenty of people who hate the culture.

P.S. There definitely are oil fields off the coast of Isreal.

 

Don't know about exact placement numbers, but in terms of Restructuring they're extremely solid. After HLHZ, Lazard and BX I think they'd without a doubt be the biggest players. They're doing the Jaguar/LR restructuring now and Dubai World of course (might not have been NY group). Either way, Rothschild is a much bigger euro player, but NY office gets enough deal flow for very solid bonuses from what I understand.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 

Waiting for an opening there now - exit ops are as good as if not better than BBs - they are the definition elite

Total slave factory though: the worst weeks at many BBs is the norm there, them and Evercore. BUT, if you make it through their analyst program you can pretty much go where you want after.

Get busy living
 
UFOinsider:
Waiting for an opening there now - exit ops are as good as if not better than BBs - they are the definition elite

Total slave factory though: the worst weeks at many BBs is the norm there, them and Evercore. BUT, if you make it through their analyst program you can pretty much go where you want after.

lol, let's hope for your sake then that there are multiple people waiting on that opening. I'm sure your prospective employer would be less than enthused by the prestigious designation of "Total slave factory."

“Millionaires don't use astrology, billionaires do”
 

Buddy works in the DC office and even they have quality deal flow. Works with a bunch of twats though (which helps him fit in)

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

Friend of a close friend was an analyst there. Did his time in the mines and got an offer from Rhone Capital. Talk about going from the elite of the elite to the elitest of the elitest. Rhone hires very few people, just the best. Killer hours again, but the comp is dope. Don't know anything about their placements in HF though. Rothschild is literally blue blood - as a firm and as far as heritage is concerned.

 

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