TD Securities/Cowen Trajectory
Hey all, semi-target here received an offer for TD's generalist program for summer 2025. I wanted to hear if TD has optionality of lateraling, exiting to PE/corpdev etc since previous threads didn't really give a clear picture and basically said its a career banking type of offer. Also curious to hear if the Cowen acquisition has helped the IB business grow and if it'll affect exit opportunities in the future when I start FT in 2026. Thanks all.
bump in the same boat right now
I nailed my behavioral and technical questions, got one brain teaser right, and messed up one brain teaser at the end, am I cooked? My interviewer was nice about it, explained it, and cracked a smile at my answer in a friendly way
They are making growth in the US a priority with the Cowen acquisition but TD hasn't historically been much of a player in the US, so its going to take some time. I would assume you could lateral to a bank with better exit ops pretty easily from TD as it is a respected firm and a solid place to start. One thing to note about the career banker thing you mention is that TD does tend to pay pretty well and has a much better culture than a lot of banks on the street so staying long term is more feasible.
I think your best bet for exiting to PE would be lateral to a BB/EB after a year on the job or recruit FT after your internship assuming market conditions improve.
I tried looking for people who lateraled from TD to BBs/EBs and found very few. Did I do the search wrong or is it that the quality of the MM matters for these lateral processes?
You're probably doing it right but gotta account for TD securities + Cowen. It'll be less than say Jefferies or Houlihan but I wouldn't expect the TD brand to stop you from being able to land a lateral role assuming you are a good candidate and networked with your desired firm. Lateral market rn is also completely dead so anybody at TD/Cowen that would be looking to lateral to a more prestigious firm is likely having to wait
I had a bad experience with TD Houston.
Trouble lateraling out?
Working there?
just received a first-round within the next few days, any advice on the interviews and process? thanks
Delete
xx
for generalist NYC? my R1 is on Monday, what was the structure of the recruiting process? cheers
Delete
I nailed my behavioral and technical questions, got one brain teaser right, and messed up one brain teaser at the end, am I cooked? My interviewer was nice about it, explained it, and cracked a smile at my answer in a friendly way
Bump, have a superday with them next week
generalist? or group specific and ny or sf?
Generalist in NYC
Cowen is a disaster. Acquiring it was such a big mistake.
Expand
What SD were you, I've yet to hear back from my 3/26 SD. Congrats btw.
Maxime similique non voluptatem quis nisi. Temporibus sapiente perspiciatis ut asperiores.
Aut dicta atque inventore nam quidem explicabo dolores. Aut ea nulla sit eos. Vitae repellendus sunt tenetur qui in voluptatem nisi. Et ratione impedit corrupti voluptatem. Eius labore laudantium sit reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Fugit laborum quasi perferendis corporis quia. Numquam nobis et sequi expedita id quam aliquam. Blanditiis illo velit et maxime accusantium suscipit.
Beatae dignissimos voluptate assumenda error quia molestiae. Cum cum et enim maxime ut officia. Totam similique et voluptas numquam.
Tenetur aut pariatur non dignissimos ex modi asperiores. Error eos qui eum ea rerum.
Fugiat culpa qui eveniet deserunt et ut. Rerum maxime debitis natus.