HRD CASE ANALYSIS 1. SG Cowen: New Recruits SG Cowen is a firm which was born when Société Générale bought Cowen and Company in 1998 and is mainly rooted in Boston. Its main interest is to focus on emerging growth companies in two volatile but highly profitable areas‚ health care and technology. The case is mainly about the company’s recruiting issues. SG Cowen has not invested on ‘On campus recruit’ because they didn’t have enough money to spend on that like other big competitors‚ JP Morgan
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Case Preparation Summary – SG Cowen Short-Cycle Summary SG Cowen‚ an investment bank‚ is in the process of hiring a new class of associates. In this process‚ there remain two available positions‚ and Chip Rae‚ the Director of Recruiting‚ and a group of 30 bankers have four candidates to choose from. The group is having a hard time deciding how they will extend the offers‚ primarily due to their different opinions based on an evaluation system that allows biased and inconsistent feedback. The time
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“SG COWEN: NEW RECRUITS” CASE STUDY MAJOR FACTS IN THE CASE SG Cowen is a financial firm in the U.S. that is running a hiring process‚ conducted by Chip RAE who is the director of recruiting at SG Cowen. The case shows the modality through which the hiring process for new outside associates‚ which begins in the fall‚ works. The company has different sources of recruiting associates: some analysts can be promoted to first-year associate after being
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SG Cowen: New Recruits There were several different key decision points used by SG Cowen in making hiring decisions on each stage of recruiting process. During the informational interview‚ team captains assigned to each schools weren’t particularly evaluating possible candidate. However‚ it did served two purposes: - To gauge some candidates are more serious and enthusiastic than others - To give candidates chance to learn more about the firm and industry before the interview that they will
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Selecting the Candidate for Extending a Job Offer at SG Cowen The recruiting committee of SG Cowen is facing an important decision in regards to selecting two persons from the pool of four remaining candidates after all definite “Yes” and “No” have been identified. Being the member of the Super Saturday hiring group from the company I would have to make a decision that would have a dual effect: * Being an associate of the company I am vested in its success which depends in a great degree on
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21 July 2009 SG Cowen Case Analysis Chip Rae and SG Cowen have a very demanding candidate recruitment‚ selection and hiring process for new external associate hires. It is without a doubt directed to securing only the most talented personnel that is available to them. Only the top notch candidates with exceptional education and/or job accomplishments are even considered for interviews. The stringent process consists of multiple “rounds” and begins in the fall of each year when SG Cowen’s recruiting
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SG Cowen Analysis Problem Identification: SG Cowen’s strategy is to recruit the best possible MBA candidates from the top B-schools in the country into their associates program. However‚ unstructured interviewing and hiring processes may not allow for the overall best candidates to be chosen. Problem Analysis: SG Cowen’s hiring process is very challenging to its candidate in order to secure only the best talent available to them. The candidates that are even considered for interviews
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*Case #1 :* *SG Cowen* The SC Cowen case revolves around the decision to offer potential candidates a job at the firm. The firm has two spots open‚ but they still have four candidates left. Each candidate has certain pros and cons so a trade-off needs to be made by the recruitment committee so that a decision can be made on who to hire. Reflect upon a time you had a negative recruiting/hiring experience. What were the signs that the experience was not going well? Explain My
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recruiting by examining the recruitment process of SG Cowen. SG Cowen has a pioneer approach to recruiting therefore they have a quality of associates that is second to none. Their approach to recruiting combines common sense and consistency to recruit the most valuable associates. By changing their tactics from recruiting at only the top 10 schools‚ to recruiting at other non-core schools has given them a greater variety in the quality of their recruits. This approach is both realistic and sensible
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SG Cowen: New Recruits Case Write-up SG Cowen‚ is a boutique investment bank‚ was born in July 1998. With the purpose of being competitive in investment bank industry‚ SG Cowen is to attract the highest-quality professional associates among top schools and some from outsides. As other firms in winter and spring every year‚ SG Cowen again is in hiring process to fill a new class of associates. After hiring process‚ there are two spots remaining out of four people in the “maybe” category. Chip Rae
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