HRMG313 – Staffing Organizations
School of Arts & Sciences
December 9, 2007
SG Cowen is an investment banking firm known for its work with growth companies. Formed in July 1998 through the purchase by French commercial banking giant Societe Generale of I-bank Cowen & Co., the firm combines the global banking franchise of SG (founded in 1864) with the equity underwriting, distribution, research, and advisory capabilities of Cowen and Co. (established in 1918). A leading full-service securities firm, SG Cowen perennially receives top rankings in certain markets, most notably health care and high tech. The firm has the largest health care research team, with 25 analysts covering more than 100 companies.
With the purchase by Societe Generale, SG Cowen is focusing almost entirely on investment banking businesses. While cutting back its asset management business, the firm was looking to expand in I-banking. In the first half of 1999, SG Cowen hired 20 managing directors from bulge bracket firms to expand its investment banking franchise. And in 1998, the firm acquired Bannon & Co., a Los Angeles-based investment banking and strategic advisory boutique. Since its acquisition by Societe Generale, the firm has extended its banking coverage to cover other industries such as financial services, gaming, lodging and leisure, and utilities. SG Cowen has grown rapidly into a full-service bank from a research firm. Relevant Facts
SG Cowen looks for accomplished and motivated individuals with strong academic backgrounds, and analytical, computer, and communication skills. For analyst positions (entry-level investment banking positions), the firm recruits on-campus at select schools in October, November, and January. For associates (MBA-level positions), responsibilities included financial and strategic analyses such...