2026 UK Debt Advisory and Restructuring Summer Analyst Programme
Rothschild & Co’s Debt Advisory and Restructuring (“DA&R”) team is made up of over 200 bankers across 14 countries, advising on more than $200 billion of capital raises and restructurings each year. With around 300 transactions annually - almost one deal per day - our Summer Analysts benefit from exceptional exposure to high-profile, complex deals across all sectors.
DA&R’s tremendous deal flow is driven by our long-standing market-leading position, at the centre of the global financing and capital markets. Demonstrating our market dominance, we are:
- Retained advisor to many of Europe’s largest and most influential corporates
- Europe’s largest placer of private credit (senior and subordinated), and the only advisor with TLB and high-yield bond deal flow equivalent to the top-tier bookrunner banks
- Consistently ranked #1 in EMEA restructuring by both value and volume of transactions
We are primarily an origination business - consistently attracting new clients to the firm. However, we also operate as a fully-integrated part of R&Co’s Global Advisory practice, collaborating closely with the M&A and Global Markets Solutions teams to deliver seamless execution on deals.
The DA&R team serves a diverse client base across industry sectors, including some of the world’s most well-recognised businesses and financial sponsors, for example:
- Corporates: Wimbledon, Thames Water, Porsche, Burberry, Iceland, Flutter, Colosseum Dental, Dishoom, MasMovil Orange, Marshall, Experian, John Lewis, etc.
- Private equity sponsors : Ares, Apollo, Blackstone, Bridgepoint, Carlyle, CVC, EQT, Exponent, GSAM, Inflexion, KKR, Montagu, Providence, Searchlight, SVP, Waterland, etc.
DA&R is comprised of four core teams:
- Investment Grade – advice to large corporates (e.g. predominantly FTSE 100 / 250 businesses) which are (or near) investment grade, across loan / bond / USPP transactions, M&A financings and optimisation of their debt structures;
- Leveraged Finance – advice to Private Equity-owned or highly-leveraged corporates, often financing LBOs, M&A or complex refinancings;
- Restructuring – advice to predominantly companies, hedge funds and special situation funds involved in distressed situations, often helping stakeholders navigate and negotiate in complex transactions; and
Heding and derivatives – advice to corporates, financial sponsors, and investors on the use of derivative instruments to manage interest rate, currency, inflation and commodity exposures, supporting clients in structuring, optimising and executing market risk management strategies
DA&R business:
Rothschild & Co’s DA&R practice is the largest financing advisory team globally, with our London office serving as the central global hub, seamlessly connected to all other international offices. We have advised on over 3,000 DA&R assignments since 2010, totalling over c. $2.3trillion of debt, evidencing deep expertise across the full range of debt products. Our scale offers clients unrivalled market intelligence, with over 1,000 financing proposals received annually.
The DA&R Summer Analyst Programme offers hands-on experience across the full spectrum of public and private debt, as well as across strategic and complex financings – such as refinancings, acquisitions, LBOs, IPO financings, dividend recapitalizations, distressed financings and restructurings – acting on behalf of companies, senior and junior creditors (including institutional investors, distressed debt hedge funds, banks and CLOs), or private equity sponsors.
Training:
The programme begins with an intensive classroom training programme covering technical skills (accounting, corporate finance fundamentals and modelling) as well as internally led presentations and soft skills training.
Day to day:
After the training, you will join the team for the remainder of the Internship. There will also be networking events and learning sessions over the course of the summer. You will be given meaningful responsibility as soon as you join the desk, allowing you to fully encounter day-to-day life at Rothschild & Co.
The DA&R business operates in small teams, with very flat structures, meaning that Summer Analysts will gain tremendous exposure to senior members of their teams.
At the end of the Internship, you could be considered for a permanent role on our Graduate Programme once you have finished University.
Qualifications, experience and competencies:
- On track for a minimum of a 2:1 or equivalent in your university degree
- Genuine interest in corporate finance and debt markets with strong commercial awareness
- Strong analytical and numerical skills
- Good computer skills including MS Office (Word, Excel and PowerPoint)
- Excellent communication and teamwork skills
- Diligent and committed to excellence
- Attention to detail, ability to handle multiple tasks
- Ambitious, driven and capable of delivering results while working under tight deadlines