Overview

Introduction

Cowen is a top investment bank that offers interns hands-on live deal experience and exposure to senior bankers and clients. Full-time junior bankers get access to a structured training program, an “apprenticeship” learning model, and many wellness benefits. Underscoring its commitment to diversity, Cowen recently created a new head of D&I position.

Company Stats


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Employer Type

Public

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Size

1,001-5,000 Employees

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Featured Rankings

Vault Banking 25


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Major Office Locations

New York, NY


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Employment Contact

Jenny Killeen

Firsthand Findings

Cowen is ideally looking for smart, personable, reliable team players with a strong work ethic. A specific interest in Cowen and knowledge of the banking industry are also ideal. For students, Cowen runs a valuable internship program. Interns get real responsibility, work on live deals, and have access to mentorship opportunities with senior bankers. For its full-time junior bankers, the firm offers extensive career development opportunities, including excellent training and mentoring, as well as significant deal experience and client interaction.

Hours can be long and demanding (and weekend work is not uncommon), but Cowen is working hard to improve its junior bankers’ quality of life, with initiatives such as Protected Saturdays, required vacations, and one lon...

About the Company

Cowen is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services, and actively managed alternative investment products. Founded in 1918, Cowen is headquartered in New York and has offices worldwide. Today, Cowen employs more than 1,500 people and is led by Jeffrey Solomon, the firm’s Chair and Chief Executive Officer.

Employee Reviews


  • “In my role, I have TONS of flexibility to work where and when I want, which is great. On the flipside, I also have TONS of responsibility and different customers, both internal and external to the firm. I have no problems finding time to take vacation. However, never is my vacation truly ‘time off.’ But it kind of comes with the territory to be honest—it isn't really the firm’s or management’s fault.”
  • “Pretty much on call all the time. Have to bring laptop to off-hours activities. Otherwise, Protected Saturdays provide some leeway. Flexi Mondays and Fridays for working from home are pleasant, instead of returning to a frankly unnecessary five-day in-office week in the post-Covid era.”
  • “Cowen is working hard to improve quality of life (protected Saturdays, required to take one week vacation a year, and one long weekend every quarter). I think one of the things they could do better is keeping Sundays urgent work only (and not ‘get ahead of the week’ work).”
  • “Best aspect is the very collaborative culture and Protected Saturdays to allow for time outside of the office. Worst is the long hours and being on call at all times, but those are to be expected within the investment banking industry.”

Why Work Here


Cowen is an independent financial services firm with an entrepreneurial edge, offering investment banking, sales and trading, research, and investment management. Our core strength is finding areas of the economy that benefit from disruption. During our 100+ years as a strong, independent-minded, full-service investment bank, we’ve consistently empowered our clients’ success by delivering a depth and breadth of insights fueled by our tenacious culture of collaboration.

At Cowen, we pride ourselves on our empathetic and collaborative culture. Our core values of Vision, Empathy, Sustainability, and Tenacious Teamwork are foundational to who we are as a company, as well as how we support our colleagues, clients, and communities.

Getting Hired Here


  • “Callback process is very quick if an offer is being extended. The ideal candidate, above all else, has a good attitude. Other qualities we look for are intellectual curiosity and general cultural fit with the group or office.”
  • “Ideal candidate is a smart, personable, loyal, reliable team-player with a strong work ethic.”
  • “Similar structure as other banks and fairly straightforward. Cowen is very big on culture and fit, and that was something I gathered during conversations throughout the interview process. The overwhelming majority of employees have been here for a long time (especially relative to an average Wall Street tenure) because of how great the culture is.”
  • “Structured interview process. Strong cultural fit is important as well as interest in Cowen specifically, knowledge of industry, and deal process.”

Perks & Benefits