Thoughts on Cowen NY HC group?

Mayhem's picture
Rank: Senior Baboon | 196

I know Cowen was basically falling apart a few years ago, but it seems they've gotten through that. I haven't seen any new threads discussing them for a while. I'm aware healthcare is their strong suit, but just how good is their NY HC group compared to other MM's (Jefferies, Piper, etc.) and compared to BB/EB's?

They are ranked #15 in the Vault Banking 50, although the same list ranks Loop Capital Markets above JPMorgan, so it obviously bears no relation to reality. Is it the case that Cowen has a strong platform but poor brand value? Would you take a job there?

Comments (21)

Jan 30, 2018

bump

Feb 1, 2018

.......

Feb 2, 2018

They're trying to focus more on M&A and less trading; their Healthcare group is top notch and well respected.

    • 1
Jan 30, 2018

That's what I heard too. How would you say the group compares to healthcare groups at BB's and EB's though?

Jan 30, 2018

anyone else?

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Jan 30, 2018

bump

Jan 30, 2018

bump

Feb 12, 2018

Very strong player in the equity MM space for HC. No insight into their HC M&A practice.

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Best Response
Feb 13, 2018

Healthcare is definitely their strongest group and in particular the biotech/life sciences space.

From what I understand a lot of their focus is on capital raising for smaller/mid size biotech companies which generally isn't a space that you will see a lot of BB/EB activity in which makes it hard to compare. Jefferies HC I think has something like ~25MDs across every subvertical you can think of - Cowen has ~10 and most are biotech/life sciences - it is a different model.

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Jan 30, 2018

Thanks. What do you think this would mean for a junior banker/summer analyst? Would it be a path to BB/EB for full time or lateral hire after spending a summer/year with them? I've been looking at them for 2019 summer...

Feb 13, 2018
Mayhem:

Thanks. What do you think this would mean for a junior banker/summer analyst? Would it be a path to BB/EB for full time or lateral hire after spending a summer/year with them? I've been looking at them for 2019 summer...

It's impossible to know but it would at least put you in the running. FT recruiting is extremely competitive and there are very few spots (given that returning interns take up most of them). Cowen is a recognizable brand but for the EB's you are going to be competing against other BB interns which will put you at a disadvantage.

Lateral recruiting is perhaps a bit easier but again it will depend on your personal abilities. At the end of the day Cowen HC is a solid group where you'll get good deal experience and good training. If you do well you'll have opportunities

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Feb 13, 2018

I think the "men-only" meetings are pretty silly to be honest.

Absolute truths don't exist... celebrated opinions do.

Jan 30, 2018

Sorry... can you elaborate on that??

    • 1
Feb 13, 2018

just cracking jokes... it sounds like Cohen

Absolute truths don't exist... celebrated opinions do.

Jan 30, 2018

Ah.. your joke is actually funnier than you realize cause Cowen's CEO is also named Cohen

Apr 4, 2018

does anyone else have any other insight on the team? thanks

Apr 24, 2018
Jan 30, 2018

Bump. Any news or more opinions on Cowen's healthcare franchise?

Jan 30, 2018

Bumping this for news?