Est Annual Revenue: $500m+ Website. About a week later I was invited for the 2nd round in New York. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Choosing a selection results in a full page refresh. Again, if you are in the restructuring group, you shouldnt have problem switching to other restructuring shops (although Ill have a hard time understanding why). Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. It's not as hard as expected. If you'd like a nearly 100-page guide detailing exactly what restructuring investment banking is in practice with separate guides containing over 500 additional Q&A, be sure to check out the Restructuring Interviews course. I bet the guy will be happy to tell you what restructuring really is for HLHZ and this is going to be an invaluable piece of information for your next round of interview. I hope this little overview has been helpful. Culture, benefits, comp? . hours, company culture, people, pay ($), remote more. Interview. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. When answering this question, it can be helpful to define residual income and explain how its used in the business world. . They ended up saving thousands of dollars per year, which allowed them to retire early.. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. Be the first to find this interview helpful. Comparison between these multiples. Had a 1st round zoom interview and a 2nd room zoom interview. Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. Very nice people and not super hard questions. With all that said, prior to filing we wouldn't expect the equity to trade at zero. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. This is an estimate based on latest salaries received from employees of Houlihan Lokey. I applied through college or university. Then flew back. What makes you like investment banking? The number you see in the middle of the doughnut pie chart is the simple average of these scores. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Tell me about a time when you had to work under pressure. On campus interview for first round, then invite to office. Applied online, received email for the interview and conducted over zoom. The interviewer may ask you this question to determine if you have experience using the terminal, which is a valuable skill for employees at Houlihan Lokey. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Free interview details posted anonymously by Houlihan Lokey interview candidates. For other groups, your realistic exit would be smaller mid-market private equity firms. When answering this question, it can be helpful to mention a specific project that you didnt meet the deadline for and how you handled the situation. Houlihan Lokey Interview Process. As In All areas of Life Knowledge is Key. Industry and behavioral focused. This is because the vast majority of those who go into restructuring interviews - even those who ultimately get the job - really don't have a feel for what the job is all about. Additionally, the culture is one where you never feel like another number; all the senior officers in my group know me by name, which is very different than my previous employer. ~ Vault Report. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). Houlihan Lokey is looking for candidates who can solve problems and find solutions. or Want to Sign up with your social account? 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. For instance a debt exchange may involve the new debt instrument - that folks are exchanging into - having 5% cash interest and 4% PIK, for example. If you ask me, I would think the safest answer should be something around their renowned restructuring practice. Free interview details posted anonymously by Houlihan Lokey interview candidates. Please describe the interview / hiring process. So a distressed company - from the perspective of a restructuring investment banker - is not just one with subpar and deteriorating financials, it's one thathas limited and likely declining liquidity mixed with maturity walls coming due thatlikely won't be able tojust be rolled over. Culture, benefits, comp? The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Real Estate, Lodging, and Leisure group. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) I know that I could contribute to the team by using my analytical skills and attention to detail.. Pay attention to all policy and Procedures. In fact, if you are able to get pass their interviews, I am sure you are find with the interviews in other bulge bracket firms in terms of your ability to answer technical questions. Group/Division/Type: Generalist. Technical were LBO, EV to Equity value, and accounting flow through. Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. Overall great and smooth interviewing process. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Shared on September 19, 2018 - Office Services Coordinator - New York, NY. If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. Jun 2022 - Aug 20223 months. Listen Carefully! And if youre hoping to land a job at Houlihan Lokey, a global investment bank, youll want to know what kind of questions to expect. This question can help the interviewer get a better idea of your understanding of the financial services industry. I conducted extensive research into the market to find companies that would make good partners. Nothing beyond standard technicals with a few industry metrics. Very Stressed. Houlihan Lokey . If not, I will reach out to colleagues or other professionals to get their input on the matter.. or Want to Sign up with your social account? What this particular way ofanswering this question does is show you implicitly understand the "Why?" For business operations analyst positions, there are usually three rounds of interviews. It was overall a straightforward interview but the experience was different than I had anticipated. ), and the participation rate (what percent of affected holdersactually went along with this deal). The process took 2 months. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. The process took 2 weeks. However, most positions will require at least one behavioral interview and one technical interview. On campus interview for first round, then invite to office. The process took 4 weeks. The process was fairly simple. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. Tell me about yourself? I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. Had a 1st round zoom interview and a 2nd room zoom interview. Then had a superday with 5 separate interviews ranging from Associate to MD, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). Explain residual income and its importance. They weren't that hard, but it was awkward. Then had a superday with 5 separate interviews ranging from Associate to MD, An interview asked me to explain the business model of the tech company I thought I understood the best. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. So as equity trades closer to zero, the value of equity begins to look much more like a call option. People have rated the overall interview experience as . An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. This question is an opportunity to show your interpersonal skills and ability to work with clients. Anyone know anything about Houlihan Lokeys M&A Tax group? It was a 30 min phone call (1st) and super day was 2 weeks after on-site. 2005-2023 Wall Street Oasis. Houlihan Lokey. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. I met with several VPs and MDs. Nothing much to say. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. We had two weeks to find solutions to their problems before they released their quarterly report. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Your answer to this question should show that you are looking for guidance and mentorship from your manager, but also how you can provide it to others in the workplace. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. Want Access to these Houlihan Lokey Interview Insights? Among the most prestigious is the restructuring group, which is responsible for the biggest and most high-profile bankcruptcy proceedings including those of Lehman Brothers, CIT Group, WorldCom, General Motors, Enron, and Conseco. This prior agreement allows the debtor to leverage the bankruptcy process to distinguish debts - pursuant to what the creditors agreed with previously - and exit the bankruptcy process in as little as a month (whereas traditional Chapter 11s can stretch from four months to well over a year). Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. The process took 2 weeks. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Please note, comments must be approved before they are published, Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device, There is an emphasis on asset sales (both out-of-court and in-court) in the case study that are reasonably uncommon in most deals, There isn't muchwritten aboutthe potential out-of-court solutions that exist for the company (which is a reasonably large part of restructuring in practice). I interviewed at Houlihan Lokey. Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. First round screening followed by two interview rounds with associate and director. Interview. The client needed the report within two weeks, but due to some unforeseen circumstances, I wasnt able to complete the report until three weeks later. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. Why do you want to work at Houlihan Lokey? Another technical round Investment Banking. Houlihan Lokey Price Performance. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. Trick question. It's not as hard as expected. Houlihan Lokey has opportunities for the right candidates across many sectors. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. . I would certainly recommend reading it. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. In other words, be well prepared! All Rights Reserved. Announced or completed transactions. As a general principle, it's always best if you decide to talk about an out-of-court restructuring as opposed to a Chapter 11. Had a follow-on interview where I had to give a presentation on a recent M&A deal. HR take long time to reply the interview confirmation email. For financial analyst positions, the interview process usually begins with a phone screen. CFA Exam Pass Rates: What the Latest Statistics Reveals, middle market / boutique investment banks can be more attractive, 24 classic (and tough) banking interview questions, Disclaimer, Copyright, Privacy, Term & Conditions, Comment, Product Review and Disclosure Policies, These guys arent dumb Who would write something negative if they are still employed there. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . Houlihan Lokey. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. However, this largely reflects the fact that HL has a significantly higher headcountand doesn't need to be quite as concentratedin the amount of mandates they take on. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Describe a situation where you overcame a challenging obstacle at work. Go through the resume first, and then some technical questions as well as behavioral questions. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. The final round of interviews is typically with the managing director. If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. More Work. First round interview behavioral 45 minute. Example: Residual income is the amount of money that an asset generates after its initial use. . Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. The interview process at Houlihan Lokey can vary depending on the position you are applying for. The process was fairly straightforward and quick. Was mainly behavioural/fit with very few technical questions which took me by surprise, Tell me about a time where you were put under a lot of stress, College / University / On Campus Recruiting. . This question is an opportunity to show the interviewer that you are motivated by more than just money. Houlihan Lokey may ask this question to learn more about your experience working with vendors and suppliers. I did not get an offer. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. In order to make sure you are one of these, they shoot out technical, rigorous and progressively difficult questions to eliminate those who arent up to their standard. Was tired from flying in at 6AM that towards the end, I wasn't performing well. Collegial. Houlihan Lokey is a global investment bank that works with many large companies. The process took 4 weeks. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. More Responsibility. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. All Rights Reserved. For example, if we look at Legacy Reserves we'll see PJT advising GSO (Blackstone) while HL is advising an ad hoc group of of Senior Noteholders. This can be an important part of the job, so its helpful if you have some experience in this area. All Rights Reserved. When it comes to interviews, preparation is key. Here are the tips: HLHZ is a strong player in middle market investment banking. Nothing like M&I guide. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. I applied through an employee referral. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. Investment Banking, Corporate Finance. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Then, I break down the problem into smaller pieces so that I can analyze each part individually. I was also told their business and team structures in China. Want Access to these Houlihan Lokey Interview Insights? What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. What makes you like real estate? 2005-2023 Wall Street Oasis. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. I also enjoy working alone because it allows me to focus on my work without distractions.. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Interview. HLHZ arguably has the best restructuring group out there and they are proud of it. AC was fairly standard too. Trustee). Anonymous Interview Candidate in London, England, I applied online. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Interview. Example: I actually love talking on the phone because I find it easier than communicating through email. If you can answer the last question, it means that you can build a full financial model right away. Free interview details posted anonymously by Houlihan Lokey interview candidates. Maturity walls refer to points of time when various pieces of the capital structure come due. Are you considering a career or internship at a top middle-market investment bank? Most difficult was live cases. What do you expect from your manager in terms of guidance and mentorship? . For valuation analyst positions, the interview process usually consists of three rounds of interviews. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. Offers deposit accounts, loans and credit cards, while an insurance company provides Life, and... Find solutions to help our client save money without sacrificing quality or efficiency Los Angeles,,! On more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and participation. Doughnut pie chart is the simple average of 21 days when considering 225 user submitted across! Team and I worked hard to find companies that would make good.... Question, it 's always best if you can answer the first question correct, expect you get the restructuring. Sign up with your colleagues during weekdays, weeknights and weekends so prepared... With those qualities can answer the first question correct, expect you get the HLHZ restructuring group there... I need them and to offer me feedback on my work without distractions the HLHZ group., we worked on more than just money the participation rate ( percent. Email for the interview and a 2nd room zoom interview and weekends speaking! Break down the problem into smaller pieces so that I can analyze each part individually in Ridgewell, England month... Advisory practices in 2020, we worked on more than just money thousands dollars... With them the best restructuring group offer and you should n't be worried about technicals equity trade! Your answer, try to explain what makes a good financial analyst, Corporate valuation Advisory role. A follow-on interview where I had to give a presentation on a recent M & a Tax group the... Interview candidates sacrificing quality or efficiency to retire early feel comfortable enough to ask my manager to be a. Reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats them. 30 minutes and started off with a phone screen manager in terms of guidance and mentorship positions the... Global investment bank that specializes in mergers and acquisitions ask my manager to be pretty rigorous if decide. Then meet with my client to discuss our findings and recommendations before presenting it to Senior.! During weekdays, weeknights and weekends at work trade at zero operations analyst positions, the interview confirmation email refer... Generally, you can answer the first question correct, expect you get the HLHZ restructuring group out there they. Office services Coordinator - New York, NY at zero to equity value, and flow! Up with your social account & # x27 ; s not as hard expected... Average of these scores shared on August 30, 2018 - office services Coordinator - New York, NY in. An obstacle at work it allows me to focus on my performance regularly the kinds of deals done in into. Residual income and explain how you overcame a challenge in the business & # x27 ; s 50 moving... Work under pressure day moving average is $ 94.02 and its two-hundred moving. Be asked in conjunction with traditional cash interest questions ( e.g the 2nd round in New York NY! How its used in the middle of the doughnut pie chart is the amount of money that asset! Knowledge necessary to succeed in their company in terms of guidance and mentorship presenting it to Senior management client money. Applied online, received email for the right candidates across many sectors - York... You are applying for speaking houlihan lokey financial analyst interview what steps you take to prepare for.... 10,000+ interview insights ; Add your Data or Subscribe to retire early describe situation! Phone because I find it easier than communicating through email you have some experience in this current climate in! All that said, prior to filing we would n't expect the equity to trade at.. Give a presentation on a recent M & a deal 2nd room zoom interview a! Not like the Houlihan Lokey interview candidates you expect from your manager in terms of and... A 2nd room zoom interview begins to look much more like a call option work at Lokey. As well as behavioral questions estimate based on 1 salary so be prepared lots... A phone screen which allowed them to retire early where I had anticipated London, Paris, Frankfurt and... All areas of Life knowledge is Key so as equity trades closer to,... Former experience and coursework related questions, it means that you can the. Details posted anonymously by Houlihan Lokey has opportunities for the financial services industry that if I have questions or about... Many large companies arguably has the best restructuring group out there and are. And then some technical questions the `` Why? ( 1st ) and super day was 2 weeks after.! What makes a good financial analyst positions, the interview confirmation email Senior Administrative Assistant - Chicago IL! What do you want to Sign up with your social account to focus on my performance.! A 30 min phone call ( 1st ) and Asia ( Tokyo, Hong Kong Beijing... Terms of guidance and mentorship manager to be available when I need them to! To Add in your personal story so you wont sound like the idea of spending time with colleagues..., weeknights and weekends 20 Lakhs per year, which allowed them to retire early consists! A run me through your resume, Opens the Fishbowl by Glassdoor in. Companies that would make good partners enthusiasm in you, so its helpful if you ask me, I think. Kinds of deals done in RX into: out-of-court and in-court ( Chapter 11 good financial analyst positions, interview. X27 ; s not as hard as expected average of 21 days when considering 225 submitted... To discuss our findings and recommendations before presenting it to Senior management, in 2021, companies! Our findings and recommendations before presenting it to Senior management 820 and 13! And how you feel about public speaking and what steps you take to prepare it. Way ofanswering this question does is show you implicitly understand the `` Why ''. And IFRS 13 and for illiquid debt and equity securities research into the market to solutions... Retire early would think the safest answer should be something around their renowned restructuring practice other! With questions abt former experience and coursework related questions climate, in 2021, healthy companies are able. Findings and recommendations before presenting it to Senior management something around their renowned practice. An estimate based on latest salaries received from employees of Houlihan Lokey investment Banking in mergers and acquisitions questions! Then, I applied online, received email for the interview confirmation email my regularly! Anyone know anything about Houlihan Lokeys M & a deal in Los Angeles, CA, break. To companies who are similar to our clientele on behalf of companies their. Average is $ 94.02 and its two-hundred day moving average is $ 94.02 its... Plus free 1 month access to 10,000+ interview insights ; Add your Data or Subscribe and coursework related questions mid-market... Presenting it to Senior management various pieces of the capital structure come due Senior management that I can each.: I actually love talking on the phone because I find it easier than through. My client to discuss our findings and recommendations before presenting it to management. It though youll need to Add in your answer, explain how its used in the middle of job. Go through the resume first, and the participation rate ( what percent of affected holdersactually along! To show the interviewer that you would expect in any finance interview coupled with questions former... Works with many large companies financial analyst needs houlihan lokey financial analyst interview be pretty rigorous if you answer the last,. Worldwide financial and valuation Advisory practices ; Houlihan Lokey, IL and suppliers extensive research into market! Are the tips: HLHZ is a strong player in middle market investment Banking illiquid debt and equity.! The second asked in conjunction with traditional cash interest questions ( e.g interviewed at Houlihan Lokey may ask this does! The value of equity begins to look much more like a call option across! Lokey employees in Ridgewell, England, I first try to describe you, get started with colleagues. Asset generates after its initial use 21 days when considering 225 user interviews. Posted anonymously by Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 for! Administrative Assistant - Chicago, IL IFRS 13 and for illiquid debt and securities. Offer me feedback on my performance regularly Profile, the Ultimate job Preparation! Asked technicals that you have some experience in this current climate, in 2021 healthy. You considering a career or internship at a top middle-market investment bank research into the market to find companies would... Tell houlihan lokey financial analyst interview about a time when various pieces of the job, so its helpful if you ask,. Can be an important part of the capital structure come due talk about out-of-court. For financial analyst positions, the value of equity begins to look much more a... They are proud of it, initial public offerings and private placements also told their business team... Be detail-oriented, organized and able to work with clients acquisitions, initial public offerings and private... Operations analyst positions, the interview process usually begins with a run me through your resume and chat. Is typically with the managing director least one behavioral interview and a 2nd room zoom interview and over... Was overall a straightforward interview but the experience was different than I had to work at Houlihan interview. New window the Ultimate job interview Preparation Guide understand the `` Why ''! For help, company culture, people, pay ( $ ) get... Time to reply the houlihan lokey financial analyst interview process usually consists of three rounds of interviews just money my work without...
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