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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DILEMMA AT S.G. COWEN S.G. Cowen is an investment bank that is active on Wall Street and that focuses its recruitment activities on the last 15 schools of the top 25 US business schools. After having established a coherent strategy‚ Rae (head of recruitment) sent S.G. Cowen bankers to recruitment events on universities’ campuses to recruit for Super Saturday. Thirty students that had passed the on-campus rounds were invited to the major recruitment event ‘Super Saturday’ at S.G. Cowen‚ New York. The
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Amirose Panacherry Staffing and Selection Case study 2 11/17/2011 SG Cowen’s biggest strength in their overall hiring process is how invested they are in the whole process. The amount of time‚ effort and money SG Cowen puts into finding the best candidates is a strength they play upon to retain their clients and to make sure they stay focused in their market. Another benefit I see in their hiring process is the fact that they are fairly specific in what they are looking for‚
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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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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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College of Business Administration MGT 352: Human Resource Management Group Project Case Study Analysis Harvard Business School Case #9-402-028: “SG Cowen: New Recruits.” Group 5 Bizik‚ Sedat Dögen‚ Serkan Gahn‚ Philip Kominek‚ Lukas Wenz‚ Eugen Group 5 Table of contents 1 Introduction .........................................................................................................3 2 The recruiting process ..........................................................................
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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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Case Analysis #1 1. 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? The key decision points S.G. Cowen used in making hiring decision were two formal interviews and Super Saturday. To hire new employees‚ S.G. Cowen firstly sends team captains to each core schools to make company presentations and conduct ‘informational interviews’ as a supporting activity for formal process. And after receiving resumes from
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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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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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