Why TD Cowen for Investment Banking? / Overview of TD Cowen
Overview
TD Cowen is a leading global middle market investment bank. The firm also offers investment management, research, and trading services, and is a subsidiary of TD Securities.
The firm was created through the purchase of Cowen by Canadian investment bank TD Securities for $1.3B in 2022.
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.
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
Fact Sheet
Company Name: TD Cowen
Description: TD 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: 1,500
Chief Executive Officer: Jeffrey Solomon
Headquarters: New York City, USA
Resources
Based on the H1B Database, the average base salary for an Investment Banking Analyst at TD Cowen was $70k - $90k. We note that this salary information was dated and not reflective of their current pay as a division of TD Securities.