Case Study of S. G. Cowen
S G Cowen New
Recruits
Case Write Up --- Group 7 Section B
By:
Sahil Saini
Sahil Satiya
SambhavTayal
Saurabh Mishra
3/15/2011
Abstract
The case of SG Cowen basically deals with the recruitment process followed by the company. It deals with the various stages of hiring process followed by the company in order to satisfy its increasing demand for talented associates. Since the company was expanding and was looking forward to extend into new horizons hiring was an important aspect for its overall growth and establishing its strategic goals. The case shows the various processes and issues that can crop up while recruitment process and the importance of finding employees that best fit with the organization. The case showcases that recruitment process forms a strong base for any firm to survive and prosper in the dynamic competitive market.
Introduction
Let us first look at some of the basic facts about the firm S G Cowen. S G Cowen was acquired by Societe Genrale in 1998 which itself was an international bank. However being an European bank it was looking forward to expand its operations in US. Initially Cowen was known for its top tier research and strong equity sales and trading. However since its acquisition it focused on investment banking and M&A advisory services. S G Cowen had
1500 professionals and planned to remain a boutique-Sized firm having access to parent firm¶s balance sheet. Their new area of concentration involved investments in health care and technology. Since both these sectors provided a strong growth in near future. Though they had geographically expanded to various locations they laid importance of increased interactions among employees from different offices especially from smaller ones this was important for information flow and to achieve a well coordinated client activity.
As far as the contemporary market of investment market was concerned consolidation was widespread. The time period also represented a
Recruits
Case Write Up --- Group 7 Section B
By:
Sahil Saini
Sahil Satiya
SambhavTayal
Saurabh Mishra
3/15/2011
Abstract
The case of SG Cowen basically deals with the recruitment process followed by the company. It deals with the various stages of hiring process followed by the company in order to satisfy its increasing demand for talented associates. Since the company was expanding and was looking forward to extend into new horizons hiring was an important aspect for its overall growth and establishing its strategic goals. The case shows the various processes and issues that can crop up while recruitment process and the importance of finding employees that best fit with the organization. The case showcases that recruitment process forms a strong base for any firm to survive and prosper in the dynamic competitive market.
Introduction
Let us first look at some of the basic facts about the firm S G Cowen. S G Cowen was acquired by Societe Genrale in 1998 which itself was an international bank. However being an European bank it was looking forward to expand its operations in US. Initially Cowen was known for its top tier research and strong equity sales and trading. However since its acquisition it focused on investment banking and M&A advisory services. S G Cowen had
1500 professionals and planned to remain a boutique-Sized firm having access to parent firm¶s balance sheet. Their new area of concentration involved investments in health care and technology. Since both these sectors provided a strong growth in near future. Though they had geographically expanded to various locations they laid importance of increased interactions among employees from different offices especially from smaller ones this was important for information flow and to achieve a well coordinated client activity.
As far as the contemporary market of investment market was concerned consolidation was widespread. The time period also represented a