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Firms / Middle-market banks / TD Cowen (formerly Cowen)

How to get into TD Cowen

Cowen was bought by TD Securities in 2023 and is now TD Cowen. What that means for students, who it hires, and what to put on your resume.

If you're looking for Cowen's internship programme, it's now part of TD Securities, the investment bank of Canada's TD Bank. TD completed its $1.3 billion purchase of Cowen in 2023, and the combined US business is known as TD Cowen.

What Cowen brought

Cowen was a New York firm founded in 1918, with a strong name in healthcare and technology banking and in equity research. Inside TD it gets a much bigger balance sheet, which helps with financing work.

Applying now

  • Recruiting is likely to run through TD Securities' programmes. Search both names.
  • It's mainly a US application. TD Securities also has a London office.
  • For healthcare groups, a science background is a real advantage. Put it front and centre.

If Cowen is already on your CV

Write "Cowen (now TD Cowen)" so the reader isn't confused.

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Questions

Who owns Cowen?

TD Bank Group, through TD Securities, since 2023.

What was Cowen known for?

Healthcare and technology banking, and equity research.

Who wrote this

I worked at BCG and Bain in London, and at Bain I worked recruiting events and interviewed candidates. I’ve had offers from Citi, Bank of America, BCG, Bain, McKinsey, Oliver Wyman, Strategy&, L.E.K. and OC&C. I’ve since scored and marked up more than 175 banking and consulting CVs by hand. The CV review on this site uses the same criteria.

Check my CV against them