What It Does: Rothschild & Co offers services such as private banking, corporate banking, restructuring, investment banking, asset management, private equity, merchant banking, and wealth management.
Mission: Rothschild & Co’s mission is to treat its clients’ challenges with the same care and responsibility that it will give to its own money.
Size and Presence: The company has thousands of workers in the UK. One of its two global headquarters is situated in London.
Best Known For: Rothschilds & Co is best known for its investment banking services as well as asset and wealth management. This company is best known for serving the British nobility. The previous chairman of the firm was knighted by Her Majesty Queen Elizabeth II for his contributions to banking and finance.
The Good Bits: Rothschilds & Co pays its employees well. The workers enjoy good benefits in addition to basic compensation. The work is positively challenging. There are promising career prospects for the bank’s freshers and interns.
The Not-So-Good Bits: The work-life balance needs improvement.
This firm has a very rich history that dates back to the late 18th century. Mayer Amschel Rothschilds gained renown in the banking world as a force to be reckoned with. He built a banking empire by dispatching his sons to set up banking operations in the major cities of Europe. Nathan Mayer Rothschild moved to Manchester and established a finance and textile trading firm. Later on, he moved to London and founded N M Rothschild & Sons in New Court, which serves as the London headquarters of the firm to date. The company made a fortune through their operations in the bond market. The bank was among the banks that dominated the global bond market.
After the First World War, Rothschilds Banks shifted their focus to funds-raising commercial concerns as well as advisory work. The company concentrated on its expansion in the US after World War II. At this point, the company focused more on merchant banking, asset management, and mergers and acquisitions. In 1983, the company purchased Smith Brothers, which broke it into the securities market. In 2003, there was a proposed merger between the English and French banks, which was eventually finalised in 2011. In 2022, there was an announcement that Wintrust would buy off Rothschilds & Co’s US asset management division which had an AUM worth $8 billion (£6.5 billion).
The company’s core values include Thoughtful, Creative, and Principled. The company strives to uphold the highest standard of professionalism in the way it carries out its operations, hires new employees, and serves its clients. The firm ensures that the diversity of its workforce reflects that of its host community. Rothschilds & Co is a hub of different cultures, genders, political affiliations, religions, sexualities, and socioeconomic backgrounds. The company has a warm and friendly atmosphere which makes it a safe haven for its freshers and interns. Rothschilds & Co’s dress code is business professional.
Rothschilds & Co got to where it is in the banking world because of a highly skilled workforce, so the company invests well in the career development of its workers by providing numerous training programs. These programs include Insight Programmes, Apprenticeship Programmes, Internship Programmes, and Graduate Programmes. The company offers varying training experiences alongside bespoke coaching and mentoring opportunities. These freshers and interns are introduced to life at Rothschilds & Co, and they get to learn from some of the best minds in the banking industry. The knowledge and expertise they will pick up will transform them from budding talents to seasoned professionals.
A fresher working at Rothschilds & Co earns an average salary of £35,000 yearly.
The company’s philanthropic arm, R&Co4Generations, is in partnership with social organisations to fight against social and economic inequalities as well as climate change.
The company’s branches had a legal dispute over the family’s name.