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Entry-Level Programs/Full-Time Opportunities/Training Programs

Nearly 90 years of success on Wall Street, through every conceivable market

environment, is a testament to Cowen’s tradition of attracting and retaining highly

talented people. The best people in any industry want to work for a firm that is

committed to quality, engenders trust with its clients, encourages risk-taking and

rewards its people for creating and delivering successful ideas to its clients. Cowen

continues to benefit from professionals being some of the most highly regarded

individuals in their disciplines. Importantly, while Cowen is large enough to provide

every essential support to create success in one’s chosen pursuit, it is still of a size

that an individual can make an impact on the firm’s success.

Cowen actively recruits individuals from both the undergraduate ranks as well as the

graduate ranks across the U.S, in the following areas:

• Investment Banking: Be at the forefront of key growth industries, working to help

you meet the financing and capital-raising needs of corporate clients.

• Research: Join us for the rare opportunity to work alongside leading analysts in a

number of today’s fastest growing industries.

• Institutional sales and trading: Join our team of sales and trading professionals

and share their success based on depth of experience, strong client relationships and

dedication to the business.

For any inquiries about career opportunities at Cowen, please visit our web site at

www.cowen.com.

Cowen is an equal opportunity employer.

Cowen & Company

1221 Avenue of the Americas

New York, NY 10020

Phone: (646) 562-1000

Fax: (646) 562-1741

www.cowen.com

Locations

USBoston • New York • San Francisco

The Stats

Employees

2007: 525

2006: 537

Revenue

FYE 2007 Net Income: $(11.32) million

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Strategic Plan and Diversity Leadership

How does the firm’s leadership communicate the importance of diversity toeveryone at the firm?

Credit Suisse utilizes a variety of communication methods to convey the importance

of diversity, including events, programs, newsletters, marketing brochures, e-mail

memorandums, meetings and a web site on the company intranet.

Who has primary responsibility for leading overall diversity initiatives atyour firm?

Credit Suisse’s commitment to diversity and inclusion begins with the most senior

executives at the bank who manage diversity and inclusion as a business.

Accordingly, Managing Director and Credit Suisse’s Global Head of Diversity and

Inclusion Angie Casciato, reports directly to the chief executive.

Who has primary responsibility for diversity campus recruiting initiatives atyour firm?

Vice President, U.S. Head of Firm-wide Campus Recruiting Julie Kalish.

Does your firm currently have a diversity committee?

Global diversity and inclusion includes the successful implementation of many

initiatives set by Credit Suisse’s diversity advisory board, which is responsible for

setting and advancing our global diversity strategy.

Does the committee’s representation include one or more members of thefirm’s management/executive committee?

Ms. Casciato chairs this board, the members of which include managing directors

from across the businesses and from all regions.

Credit Suisse

11 Madison Avenue

New York, NY 10010

Phone: (212) 325-2000

Fax: (212) 325-6665

www.credit-suisse.com

Locations

Worldwide

Diversity Leadership

Julie Kalish

Vice President & US Head of Firmwide

Campus Recruiting

Contact Information

Ligia Gomez

Diversity Recruiter

E-mail: [email protected]

How many senior managers are on the committee, and how often did thecommittee convene in furtherance of the firm’s diversity initiatives in 2007?

The diversity advisory board consists of 27 members and meets quarterly. In

addition, each division has a diversity advisory council to implement the Bank’s

overall diversity and inclusion strategy. These members spend thousands of hours

throughout the course of the year.

Total senior managers on committee: 27

Number of diversity meetings annually: Four

Does the committee and/or diversity leader establish and set goals orobjectives consistent with management’s priorities?

Cultivating and fostering an inclusive workplace is a top priority and an integral part

of Credit Suisse’s business strategy. We believe that diversity breeds innovation. As

such, corporate citizenship integrates with business strategy. The business driver is

very clear—the first step in helping our clients meet their goals is making sure our

employees meet theirs.

Has the firm undertaken a formal or informal diversity program or set ofinitiatives aimed at increasing the diversity of the firm?

Yes, formal.

How often does the firm’s management review the firm’s diversityprogress/results?

Quarterly.

Recruitment of New Analysts and Associates

ON-CAMPUS

Please list the schools/types of schools at which you recruit.

• Ivy League schools

• Public state schools

• Private schools

• Historically black colleges and universities (HBCUs)

• Hispanic serving institutions (HSIs)

• Other predominantly minority and/or women’s colleges

Vault/SEO Guide to Investment Bank Diversity Programs • 2009 Edition

Credit Suisse

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Vault/SEO Guide to Investment Bank Diversity Programs • 2009

Credit Suisse

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Do you have any special outreach efforts directed to encourage minoritystudents to consider your firm?

• Hold a reception for minority students

• Conferences: National Black MBA Association, Reaching Out, Out for

Undergraduate Business, National Association of Women MBAs, Society of

Hispanic Engineers, National Association of Black Accountants

• Advertise in minority student association publication(s)

• Participate in/host minority student job fair(s)

• Sponsor minority student association events

• Firm’s professionals participate on career panels at school

• Outreach to leadership of minority student organizations

• Scholarships or intern/fellowships for minority students

PROFESSIONAL RECRUITING

What activities does the firm undertake to attract women and minorities?

• Partner programs with women and minority banking associations

• Conferences: National Association of Women MBAs

• Participate at minority job fairs

• Seek referrals from other professionals

• Utilize online job services

Do you use executive recruiting/search firms to seek to identify new diversityhires?

Yes.

Who is the person in charge of attracting women and minorities to the firmfor lateral recruiting?

Director, Lateral Recruiting Lauren St. Pierre.

Internships

Summer Analyst Program and SEO program

Deadline for application for the internship: January 5th

Length of the program: 10 weeks

Web site for internship information: www.credit-suisse.com/careers


Credit Suisse

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Credit Suisse Overview

As one of the world’s leading banks, Credit Suisse provides its clients with

investment banking, private banking and asset management services worldwide.

Credit Suisse offers advisory services, comprehensive solutions and innovative

products to companies, institutional clients and high-net-worth private clients

globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50

countries and employs approximately 48,000 people. Credit Suisse Group’s

registered shares (CSGN) are listed in Switzerland and, in the form of American

Depositary Shares (CSR), in New York.

Investment Banking

Credit Suisse offers a broad range of investment banking and securities products and

services to meet the needs of institutional clients, companies and government bodies.

Private Banking

Credit Suisse provides expert advice and a comprehensive range of investment

products and services tailored to the complex needs of high-net-worth individuals

globally as well as private and business clients in Switzerland.

Asset Management

Credit Suisse serves clients by offering products across the full range of investment

classes, from equities, fixed income and multiple-asset class products to alternative

investments.

Qualifications for all Internships

Credit Suisse is noted for the diversity of its employees, but seeks candidates with a

common set of abilities—highly motivated and creative individuals who have

demonstrated academic achievement, specifically in finance and accounting and have

the ability to work independently and as a member of a team. We look for intelligent,

driven and hardworking candidates with consistent leadership involvement in school

activities and athletics, and a solid interest in the financial sector.

Interested candidates must be between their junior and senior years at a four-year

college or university. Please apply though the career center and at www.credit-

suisse.com\standout.


Credit Suisse

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Program Structure

Credit Suisse’s Summer Programs begin with an intense one-week training period in

New York. The training curriculum varies by program, but summer analysts will

participate in a capital markets overview, accounting classes, a bond math review and

a library tour. You’ll be trained on Bloomberg and learn Credit Suisse technology

systems and databases.

Your learning experience will continue through the summer speaker series, where

you’ll hear from senior employees across the divisions. In addition, you will

participate in networking events and firm-wide events that will help ensure that you

are exposed to all the areas within the bank and understand the big picture of a global

investment bank. You will also enjoy interacting with the other summer analysts and

full-time employees at a variety of social events throughout the summer.

To help you determine your strengths and plan your career, summer analysts are

matched with mentors, who provide advice and guidance throughout the summer.

Summer Analyst: Investment Banking

Our ten-week Summer Analyst Program for rising college seniors gives you

outstanding exposure to business and the financial services industry.

Whether you are working alongside a full-time analyst or staffed as the only analyst

on a deal team, our summer program gives you the tools you will need to jumpstart

your career in finance and investment banking. Responsibilities may include

analyzing companies using financial modeling and valuation techniques, examining

the impact of a transaction on a client’s capital structure and analyzing the

consequences of a merger or acquisition.

Summer analysts will be placed directly into an industry or product group. As a

summer program participant, you will have the opportunity to work on deals in your

group/desk, gaining hands-on experience and working on all aspects of advising and

transacting business for our clients. Summer analysts are formally reviewed at the

mid- and endpoints of the summer and offers are made on the last day of the program,

enabling you to return to school with a full-time position secured.

Our U.S. regional breadth offers unique opportunities to execute transactions from

conception to close, which differentiates Credit Suisse from our competitors.

Summer Analyst: Alternative Investments

Credit Suisse Alternative Investments (AI) is a leading global alternative asset

manager involved in private equity, hedge funds and related activities. The AI

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businesses include the fund and alternative solutions hedge fund of funds groups

Quantitative Strategies and Volaris, as well as a diverse family of private equity

funds, including leveraged buyout funds, mezzanine funds, core and opportunity real

estate funds, secondary funds, CDOs and fund of fund businesses.

Credit Suisse AI is also the world’s leading placement agent in alternative assets,

raising capital for third-party managers through its private fund group and real estate

private fund group. The AI businesses have a 20-year history of strong investment

performance, with leading market share positions. The funds that typically hire are

multi-manager portfolios, leveraged investments, real estate private fund group,

private fund group, strategic partners and funds management.

Summer Analyst: Global Markets Solutions

The Global Markets Solutions Group (GMSG) is a global innovative coverage

initiative focused on delivering creative financial solutions to our clients. The group

combines originations efforts across equity capital markets (ECM), debt capital

markets (DCM), private placements and structured origination. GMSG professionals

coordinate with industry and coverage bankers to provide a single interface for all of

the firm’s capital markets, funding and structured products.

Summer analysts are placed directly onto a desk within a product area of global

markets solutions group. As a summer program participant, you will have the

opportunity to develop your analytical skills by using various financial techniques,

gain hands-on experience and interact with both internal and external clientele.

Summer analysts are formally reviewed at the mid and endpoints of the summer.

Summer analyst opportunities vary per product area and will be available in our New

York office.

Summer Analyst: Fixed Income or Equity Sales and Trading

The fixed income and equities departments at Credit Suisse offer two separate, 10-

week summer programs—one in equity sales and trading and one in fixed income

sales and trading. If chosen for a first-round interview, students will interview for

both the equity sales and trading and the fixed income sales and trading programs—

please only drop your resume once for these programs. Second-round interviews are

held separately and will be equity-specific or fixed income-specific. This will be

determined based on your first-round interviews. In both programs, you’ll spend one

week in training, followed by three three-week rotations on either fixed income or

equity desks.


Credit Suisse

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• Sales rotation: You’ll spend three weeks working within one sales product area. In

equity, this rotation will give you the chance to work with the coverage sales,

institutional sales, international sales, automated execution systems, prime services,

convertible sales or derivative sales teams. In fixed income, you’ll work with the

corporate, structured products, interest rates, structuring, global foreign exchange,

emerging markets, CDO group or derivatives sales teams.

• Trading rotation: You’ll spend three weeks working within one trading product

area. In equity, it will include the cash trading, derivative trading, program trading,

international sales trading and exchange traded funds teams. In fixed income, these

groups include the corporate, structured products, interest rates, global foreign

exchange, emerging markets, or interest rate products trading teams.

• Sales or trading rotation: You’ll spend your final three weeks on one of the

above-mentioned sales or trading desks in either fixed income or equity.

These programs are a great way to become familiar to the sales and trading arena, as

well as the overall investment process, gaining a broad and varied view of several

potential career paths.

Summer Analyst: Equity Research

If you’re a dynamic undergraduate looking for an intense and valuable introduction

to the equity research arena, the Equity Research Summer Analyst Program may be

for you. By working with one of our top-ranked senior research analysts, you’ll gain

an in-depth understanding of company analysis as well as the overall investment

process. You will also have exposure to other divisions at Credit Suisse, including

Credit Suisse global sales force, equity traders and institutional clients.

We offer our summer analysts a solid one-week training program to provide you with

the skills to join one of our outstanding research teams. Throughout the summer, you

may work on projects involving financial analysis and investigative research. Equity

research summer analysts also have the opportunity to learn financial modeling and

forecasting skills and to help produce research reports. In order to fully understand

equity research’s role at Credit Suisse, every summer intern will spend time with

equity salespeople and equity traders. In addition to your day-to-day responsibilities,

you’ll be assigned an industry-specific project to work on throughout the summer.

Summer Analyst: HOLT

The HOLT division of Credit Suisse is offering a summer internship program, based

in Chicago, for undergraduate students interested in learning and applying advanced

business strategy analysis and buy-side valuation methodologies.


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Through theoretical and applied research, HOLT has developed a framework that

better explains the dynamic relationship between corporate financial performance

and stock market pricing. HOLT’s central premise is that the stock market sets prices

based on cash flows, not traditional accounting measures of corporate performance.

As a summer analyst, you will gain exposure to multiple global industries, interact

with numerous areas of the bank, engage in strategic initiatives for key clients around

the globe, carry out in-depth analysis of the factors underlying corporate financial

performance and valuation, enhance your ability to structure and present persuasive

analyses, and gain financial analysis skills of leading investment management and

management consulting firms.

Summer Analyst: Real Estate Finance and Securitization

The Real Estate Finance & Securitization Group’s (REFS’s) main product areas fall

into the broad categories of real estate and real estate-related financial products—

commercial mortgage-backed securities, for example. This group operates in a

principal capacity as well as providing investment banking services to corporate

clients, institutions and publicly traded real estate companies.

REFS is organized into several operating teams:

• Origination Group: Organized on a geographic basis in both the New York and Los

Angeles offices, origination teams invest in debt and equity and combination

financing for office, industrial, retail, hotel and multi-family, single tenant and other

property types. Loans can be made for “whole loan” sale, securitization or balance

sheet purposes.

• Investment banking: Provides advisory services for companies and institutions

regarding their real estate activities. The work involves sale mandates, securitization,

mergers and acquisitions, and other transactions.

• Structured finance: Focuses on securitization transactions and other “financially

engineered” exits for REFS’s investments.

• Trading: Encompasses several units involving whole loans, commercial mortgage-

backed securities (CMBS) and derivatives.

As a summer analyst, you will develop your understanding of the field by working

on a variety of transactions. Summer analyst positions are located in New York.


Credit Suisse

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Summer Analyst: Information Technology

The IT Analyst Apprentice Program provides a learning and working experience at

an accelerated pace. Analyst Apprentice Participants (AAP) will join us to work at

Credit Suisse’s Global Information Technology organization in business analyst

development, infrastructure, and strategic IT roles. As a second-year or penultimate-

year student, AAPs will work full-time during the summers and a minimum of two

days per week, up to 19 hours, during the school semesters.

Whatever your role, you’ll make a genuine contribution as part of a program that

aims to give a thorough introduction to our IT division and at the same time giving

you great on-the-job training. The areas you could be part of include web and

software development, software engineering, quality assurance, planning &

engineering, change management, client relationship management, networking,

databases, system administration, software support and business analysis.

Throughout your tenure, your performance will be thoroughly evaluated. If you meet

our expectations and you are also interested in a career with us, you may be offered

a full-time position upon graduation on one of our formal hiring programs.

Scholarships

Douglas L. Paul Scholarship

Deadline for application for the scholarship program: December

Scholarship award amount: $5,000

Web site or other contact information for scholarship:

[email protected]

Credit Suisse will offer $5,000 scholarships to a number of college sophomores of

African, Latino and Native American descent. Recipients of the scholarships will be

selected based on their academic excellence, leadership abilities and interest in the

financial services industry. In addition to monetary resources, Doug Paul Scholars

will have the chance to participate in our 10-week rotational program in New York.

This program provides students with an educational opportunity to learn about the

various areas of an investment bank, with rotations in equities, fixed income and

investment banking. Scholars will receive a stipend for the duration of the 10-week

program. During the program, students are given mentors to provide valuable insight

into Credit Suisse, Wall Street and financial services.


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Affinity Groups

Credit Suisse Employee Networks

Credit Suisse’s Global Employee Networks bring people together from across the

bank to share information, ideas and experiences. These diverse groups help

employees balance their work and personal lives and promote career development

through networking, informal mentoring, education and access to senior

management. Activities include panel discussions, lecture series, seminars,

presentations and study groups, as well as workplace support groups that raise

awareness of a wide array of diversity issues. Every sitebased network is inclusive

and open to all Credit Suisse employees who wish to participate.

Americas Women’s Network

The AWN is dedicated to developing careers, attracting talent, cultivating client

relationships, and promoting camaraderie between women. The mission is to support

career development through educational and relationship building opportunities, to

win business and to advance Credit Suisse’s diversity and inclusion strategy.

Multicultural Resource Network

The vision of the Multicultural Resource Network is to understand and convey the

importance of diversity within Credit Suisse while leveraging the collective

knowledge of our multicultural work force. Establishing an effective network, serves

as a catalyst for educating employees on our cultural differences; promotes and

celebrates diversity within the bank; and fosters networking and professional

development opportunities.

Open Network

The vision of the Credit Suisse Open Network is to support a diverse, inclusive and

open environment that enables lesbian, gay, bisexual and transgender (GLBT)

professionals to maximize their professional growth and contribution to the Bank’s

success.

Family Network

The Family Network provides holistic programming around the various aspects of

family responsibilities including, but not limited to, caring for children, parents and

grandparents. The Network supports employees by hosting programs, discussion

sessions and speakers with topics relevant to: Future and Expectant Parents, Parents

of Infants and Toddlers, Parents of Middle School/HS, Parents of Children With

Special Needs, Elder Care.


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Diversity Mission Statement

Diversity and inclusion at Credit Suisse is about an inclusive culture across the bank

where employees’ differences are valued and leveraged for the benefit of the

business, employees are given opportunities to realize their full potential and all

employees are treated with dignity and respect. Diversity and inclusion supports our

business as it provides a competitive edge in attracting and retaining talent, diverse

perspectives lead to innovative solutions for our clients and diversity and inclusion

strengthen client relationships. Global diversity and inclusion is an integral part of

Credit Suisse’s business strategy. Our approach leverages diversity and inclusion to

attract, develop and retain top talent, continues to promote a culture of respect for

individual differences, which breeds innovation and draws talent and ideas from

around the world, and gives us a distinct competitive advantage which creates new

and compelling business opportunities. This has enabled us to win business,

strengthen relationships with existing clients and create inroads to new clients.

Additional Information

Credit Suisse is dedicated to attracting, developing and retaining the best people in

the industry. We bring together individuals of different genders, races, ages,

nationalities, religions, sexual orientations and disabilities to create a world-class

team of financial service professionals.

At the core of the Credit Suisse philosophy of inclusion is the firm’s global dignity

at work policy, a set of conduct guidelines that apply to all employees worldwide.

This policy ensures that diversity, inclusiveness and dignity in the workplace are

everyone’s responsibility. These enduring values are part of the very fabric of our

business. They shape the way we hire, develop and promote employees, and they

guide us in the way we treat one another.


Credit Suisse

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