Rothschild & Co Global Advisory Winter Internship 2026 – Johannesburg | M&A Investment Banking

Rothschild & Co, one of the world's largest and most prestigious independent financial advisory groups with over 200 years of history and more than 4,600 employees across 60+ offices globally, is offering a 3 to 4 week Global Advisory Winter Internship in Johannesburg, South Africa.

This is one of the most sought-after short-form internship opportunities available to South African finance students and recent graduates. As a winter intern in Rothschild & Co's Global Advisory (M&A) division, you will be immersed in live transaction work — working directly alongside senior bankers on mergers, acquisitions, and strategic financing mandates for large corporations, private equity firms, governments, and sovereign wealth funds across Africa and globally.

Rothschild & Co's Global Advisory division is known worldwide for its informed, independent, and impartial advisory approach — helping clients navigate the world's most complex strategic and financial decisions. Their unrivalled global network, in-depth market intelligence, and 200+ year track record place them closer to current issues than virtually any other financial institution on earth.

Exceptional performance during the winter internship will place you in strong contention for Rothschild & Co's prestigious 2027 Graduate Programme — one of the most competitive graduate pipelines in global investment banking.

This application is strictly open to final year students or recent graduates only.

Key Responsibilities

• Work simultaneously on multiple live transactions across various industry sectors within the M&A team

• Develop and maintain standard and bespoke financial models in Excel

• Apply a range of valuation methodologies to support client advisory — including Discounted Cash Flow (DCF), trading comparables, transaction comparables, and LBO-based valuations

• Coordinate and support preparation of marketing and transaction documentation including client presentations, information memoranda, and offering documents

• Research relevant industries to support the team's transaction pipeline using sources including Factset and Bloomberg

• Identify new business opportunities and strategic ideas for clients that advance their objectives

• Support the project team in coordinating all aspects of transactions, both internally and with external advisers

Salary: R20,000 – R30,000 per month (Salary not specified by employer — estimated based on South African investment banking winter internship market rates. Source: Glassdoor South Africa, 2026)

• Bachelor's Degree or higher (strictly open to final year students or recent graduates only)

• Strong academic performance throughout university

• Genuine interest and passion for corporate finance, M&A, and investment banking

• Very strong analytical and numerical skills

• Excellent proficiency in Microsoft Office — particularly Excel, Word, and PowerPoint

• Familiarity with financial research databases such as Factset and Bloomberg is advantageous

• Fluent in English — written and verbal

• Ability to manage multiple projects simultaneously in a high-pressure, fast-paced environment

• Excellent communication and teamwork skills

• Diligent, ambitious, and committed to delivering excellence under tight deadlines

• Knowledge of the financial and regulatory environment surrounding M&A transactions