Case Study Example | Topics and Well Written Essays - 1250 words

Case Study Example S G Cowen already has with them associates who had joined the firm as interns when they were in their first or second year in a business school. These associates had joined the firm in the break between their first and second years in their business schools and were offered full time employment as they completed their internship that started the following summer. Some other associates had never been to a business school but had served as interns in the firm for three years and were promoted as first year associates after they completed their internship. Very often officials of S G Cowen conduct ‘informational interviews’ prior to the actual formal process to gauge the level of seriousness and intent of the prospective candidates. Though this is essentially an informal process it helps the firm to focus on serious candidates and thus reduces unnecessary efforts on those that are genuinely not interested and have appeared just for the sake of appearing. It must be mentione d that prospective candidates have to appear for these informal interviews at their own expense thus automatically segregating those that were seriously interested from those that are rather casual about the whole process. S G Cowen also appointed ‘group captains’ or contact persons at every core business school to ensure students always had someone through whom they would be able to remain in constant contact with the firm. These contact persons are seldom ever from human resource department. Rather, they are professional investment bankers with long years of service with the firm. These people served the twin purposes of locating best possible candidates who would be able to seamlessly merge with the company and also attracting students who though interested in investment banking but are not quite sure as to which firm they would join. So, a contact person available whenever needed would surely be a great motivating factor. S G Cowen also initially concentrated only o n the top ten business schools. That resulted in often recruiting middle rankers in those schools. So they decided to go to other business schools too where they were able to recruit toppers of those schools. After all a business firm is interested in talent and should not be that much bothered about where they had studied. The company prefaced their recruitment process with a presentation where they clarified who they were, what they did and what distinguished them from other competing recruiters. All the while the company underscored the uniqueness of boutique bankers in that they had a flatter hierarchy than other large scale banks that not only permitted better exposure and interaction with clients but also better opportunities of career advancement. The firm conducts interviews based on both the resumes it has shortlisted and also holds an open session where students enrolled depending on their interest. This also allows them to have a larger pool of prospective candidates and hence the probability of getting better associates. What is your evaluation of the criteria used by this organization in