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  • Josh Rovner

Why Cowen for Investment Banking? / Overview of Cowen


Overview


Cowen is a leading global middle market investment bank. The firm also offers investment management, research, and trading services.


In 2022, Cowen was purchased by Canadian firm TD Securities for $1.3B.


Cowen Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Cowen, you should make sure you know:

  • 1 deal that the investment banking group has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.



Big 3 Qualitative Questions




Selected Transaction


Cowen advised cancer care company Personal Genome Diagnostics through its sale to LabCorp, a North Carolina-based drug development firm.

  • Transaction Description: Laboratory Corporation of America Holdings (NYSE:LH) entered into a definitive agreement to acquire Personal Genome Diagnostics Inc.

  • Transaction Value: US$580M

  • Transaction Date: Closed February 2022

  • Press Release


Fact Sheet


Cowen Logo


  • Company Name: Cowen

  • Description: Cowen Inc., is an American multinational independent investment bank and financial services company that operates through two business segments: a broker-dealer and an investment management division

  • Bank Category: Middle Market

  • Ticker: NASDAQ:COWN

  • Founded: 1918

  • Employees: 1,400

  • Chief Executive Officer: Jeffrey Solomon

  • Headquarters: New York City, USA


Resources


Cowen Glassdoor



Cowen Salary


Based on the H1B Database, the average base salary for an Investment Banking Analyst at Cowen is $70k - $90k. We note that this salary information may be dated and not reflective of their current pay.

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