Premium Essay

New Recruits

In: Business and Management

Submitted By dkris21
Words 356
Pages 2
SG Cowen :
New Recruits
(case 1)

SG Cowen : Background

SG Cowen : Case Overview investment banking Industry
2001
 Investment

1.
2.
3.

banking Industry 2004 :
Consolidation in the investment banking industry was widespread.
Targeted Custody
Averaging 50% of revenue (the biggest expense on wall street was compensation cost)

SG Cowen : Case Overview
 SG

Cowen was born when Societe
Generate purchased Cowen and
Company in July 1998.
 One of the world’s largest banks with assets of over $430 billion as December
2000

SG Cowen : Hiring Process
 Promoted

associate after 3 years
 Hiring an intern after they graduate
 Recruiting program on campus:
1. Information Interview
2. Assigned team Captains

SG Cowen : Rae’s Strategy
 Paying

more attention in the next 15 schools in the top 25.
 Company Presentation

SG Cowen : On – Campus
Round
 2-3

Schedules of Interviews
 Open Schedule : selected based on their interest  Closed Schedule : selected on the basis of their submitted resumes.
 Put a detail note one resume
 Give a test of culture fit

SG Cowen : Super Saturday
 CEO

Speech at the dinner.
 Interview begin at 9 and each interviewer and each candidate had five half hour session with short breaks.

Assignment Answer
 1.

Reflect upon a time you had a negative recruiting/hiring experience.
What were the signs the experience was not going well?
 Body language
 The questions
 facial expressions
 other non word actions

Assignment Answer












2. What are the key decision points used by S.G.
Cowen in making hiring decisions? What is your evaluation of the process used by the firm?
Recruiting process had done by the Banking professionals and not human resource professionals
Select top 25 universities for recruiting new
graduates.

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