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Sec 3 Group 3-SG Cowen

SG Cowen is an international investment bank that recruits new employees through on-campus interviews and off-campus applications. They conduct first round interviews on campuses to select candidates for "Super Saturdays", where bankers make group decisions. While on-campus interviews risk personal bias, Super Saturdays allow less biased consensus. SG Cowen strategically recruits from mid-ranked schools to attract loyal top students. For two open positions, they considered four candidates based on criteria like initiative, personality, skills and experience. They ultimately selected Natalia Godlewska and Andy Sanchez due to their strong qualifications and cultural fit.

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Shivanshu Shrivastava
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196 views11 pages

Sec 3 Group 3-SG Cowen

SG Cowen is an international investment bank that recruits new employees through on-campus interviews and off-campus applications. They conduct first round interviews on campuses to select candidates for "Super Saturdays", where bankers make group decisions. While on-campus interviews risk personal bias, Super Saturdays allow less biased consensus. SG Cowen strategically recruits from mid-ranked schools to attract loyal top students. For two open positions, they considered four candidates based on criteria like initiative, personality, skills and experience. They ultimately selected Natalia Godlewska and Andy Sanchez due to their strong qualifications and cultural fit.

Uploaded by

Shivanshu Shrivastava
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

SG COWEN: NEW RECRUITS

Submitted by:
Section 3 Group 3
Abhishek Jay Kaushal – FT203002
Shivanshu Shrivastava– FT203074
Srinivasa Raghavan – FT203081
Sweta Singh – FT203087
Vineetha Abraham – FT203093
Vishnu C – FT203099
INTRODUCTION: SG COWEN
 An international bank based in France and founded in 1864, nationalized
in 1945 and privatized in 1987
 In 2000 SG was the largest bank in the world having assets of 430 billion
 Cowen is founded in 1918 as a small bond brokerage and was acquired
by SG in 1998 by paying $600 million
 SG Cowen investment bankers focused on emerging growth companies
on two volatile but highly profitable areas that is health care and
technology
SG COVEN : CURRENT HIRING PROCESS

 Cowen had hiring programs in some of the top campuses.


 They also accepted CV’s from candidates who did not participate in the
on-campus program
 Each school was assigned a team captain
 Then they conducted the first round of interviews where they decided
who gets to go to the Super Saturdays
 They select candidates who aligned in their interests
ASSESSMENT OF SELECTION PROCESS
 On-Campus Round
 Team captains to give the informational sessions and conduct the interviews
 There may be a personal bias in the process of selection
 For their extra effort , the team captains are rewarded with the year end bonuses
and are also held liable for the performances of their recruits.
ASSESSMENT OF SELECTION PROCESS
 Super Saturday
 Decision collectively carried out by the bankers
 As the event takes place on a Saturday , which is free time for most of the bankers ,
they get the procedure over with as quickly as possible
 Sometime getting to a consensus becomes difficult as some bankers give more
priority to certain attributes as opposed to others
 But here there is less chance of any type of selection bias.
RAE'S STRATEGY
 Rather than going to all top 25 B-Schools , Rae decided to only
concentrate on 10th to 25th ranked schools.
 At top B-Schools bigger players attract more attention from the Best
students.
 At these 15 B-Schools , they were hiring the top of the class students
and these students tended to be more loyal.
THE DECISION TO BE MADE
 There where 30 positions of which 15 were filled internally
 From the remaining 15 only 2 positions were left for which there were
4 candidates to select from-
1. KEN GOLDSTEIN
2. ANDY SANCHEZ
3. NATALIA GODLEWSKA
4. MARTIN STREET
THE CRITERIA USED BY SG COWEN IN
MAKING HIRING DECISIONS
 Bankers filled up the grid sheets and voted to make a case on behalf of
their candidate.
 Candidate should be a self starter.
 Having been an entrepreneur makes a big difference
 Having a personality helps as the company values creativity and energy.
CANDIDATE SELECTION
NATALIA GODLEWSKA ANDY SANCHEZ
PRO’S PROS
- Analytical knowledge - Takes big initiatives
- Determination and ambition - enthusiastic and social personality
- Highest GPA - Outstanding interpersonal skills and
- Excellent references form previous job entrepreneurial inclinations
- SAT and GMAT high scores
CONS CONS
- Little trouble with spoken English - Low GPA
- There was a lack of cultural fit - May not be able to detach from his own
business which he runs

YES YES
CANDIDATE SELECTION
KEN GOLDSTEIN MARTIN STREET
PRO’S PROS
- PWC experience 5 years - Leadership Skills
- Investment Background - Dynamic personality
- Confident personality - Strong social skills
- Presentation and articulation skills - Confident and articulate

CONS CONS
- Too mature - May switch to other company as he was
- May dislike taking orders taking part in a lot of recruiting events
- May not be willing to give 24/7 as his - Not sure if he would accept the offer
other associates

NO NO
THANK YOU!!

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