Sg Cowens
Essay by review • February 4, 2011 • Study Guide • 500 Words (2 Pages) • 913 Views
1. What is SG Cowen's hiring strategy?
Hire the top students from next 15 schools in the top 25.
To recruits good candidates that evaluate the firm just like the firm does to them.
Evaluate and build relationship approach both from formal and informal way.
Steps of the hiring as follow:
a. Conduct on-campus program, company presentation program
-. Who are we?
-. What do we do?
-. What distinguished us from competitors?
-. What are the next steps?
-. Career path, informal Q&A
b. Informational interviews => to see motivation & eagerness to join the company
c. Banking professional from same alumni act as captain (coach)
d. Super Saturday
-. First round: associated or senior associates
-. Included senior bankers
Do you think it fits with business strategy / objectives?
Since the market condition is slow down, their recruitment process is only for saving the talented people (leaders for future). Current recruitment process is right but not fits with the objective.
* Business model : continue grow geographically but stay industry-focused
* Street Market condition : slow down
* Business strategy : emerging growth companies in two volatile but highly profitable areas, healthcare & Technology sector
* Market segment : Healthcare & Technology sector
2. What kind of people it wants to recruit?
"People to act and behave like a firm" (self starter)
The right people that love their job, competitiveness, and serving clients
Love technology and emerging growth
Hard worker (not relax standard)
A candidate that fit & cope within groups and larger organization
Working all together hand-in-hand
Working full time, 24/7
Think global
Personal / friendly
enterprenuer
What is the hiring criterion?
Hire for fit
Creativity & energy
Implicitly: Young, not have family yet, 100% devoted to SG Cowens in the few first years.
3. Do you think SG Cowen recruit from the right source (candidates match the job &
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