Flew in the morning of and interviewed until about 4PM. Please describe the interview / hiring process. Very nice people and not super hard questions. Want Access to these Houlihan Lokey Interview Insights? I conducted extensive research into the market to find companies that would make good partners. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Want Access to these Houlihan Lokey 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). Very thorough interview. I interviewed at Houlihan Lokey (New York, NY). Trustee). 18 days ago. 2005-2023 Wall Street Oasis. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. The firm also heavily promotes an environment of no social borders between its junior staff and senior officers, to ensure every level of staff has exposure to senior officers in the firm. Industry: Corporate Finance Investment Banking. At the analyst an associate level. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Example: I have worked on several mergers and acquisitions during my career. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Houlihan Lokey (HLI Quick Quote HLI - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2020.This . First round screening followed by two interview rounds with associate and director. . I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Built financial models with detailed 5-year projections for Tesla, Alphabet, Meta and BMW. Meeting with recruiter followed by a 30 minute meeting with a director. However, most positions will require at least one behavioral interview and one technical interview. When answering this question, it can be helpful to mention a specific client or group of clients you worked with in the past who were particularly happy with your services. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. This is followed by a super day where candidates will meet with a variety of bankers. Had a 1st round zoom interview and a 2nd room zoom interview. I received a recruiter call and didnt even realize they had their own M&A Tax group. Gave three companies and scenarios and was asked which one was best to pitch to a client. Nothing like M&I guide. 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. The process took 4 weeks. At the analyst an associate level. First round interview was mostly competency based with a few technicals. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. I did not get an offer. There are 3 interview rounds for an Analyst positions, 1st screening with some basic questions about your experience and knowledge of the industry, 2nd technical (simple finance related questions regarding LBO/valuation, SaaS metrics) and motivation/behaviour, 3rd is one hour interview with two MDs. 3. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). I applied online. 1. HLHZ arguably has the best restructuring group out there and they are proud of it. Why do you want to work at Houlihan Lokey? It was mostly standard stuff. How would you determine an equity value of firm with debt exceeding the enterprise value? Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. In a Chapter 11 you have traditional Chapter 11s - sometimes called free fall Chapter 11s - that involve the company filing and then, under the protection of the bankruptcy court, negotiating with creditors over what the ultimate Plan of Reorganization will look like. Many who interview for restructuring jobs can recite the formulaic accounting answers perfectly, but then have trouble describing how exactly restructuring works (this is why the equity value question above is so common) or what a distressed company really is. More Responsibility. Houlihan Lokey has extensive expertise in mergers, acquisitions, divestitures, activist shareholder and takeover defense, and other related advisory services for a broad range of U.S. and international clients. or Want to Sign up with your social account? The first interview was 25 min and was small talk and 3 technical. Asked me a lot of questions abt if I had gotten other offers and when I had to respond to them if I had them. Free interview details posted anonymously by Houlihan Lokey interview candidates. I interviewed at Houlihan Lokey. Houlihan Lokey Price Performance. Salary is <200, TC <250, yoe about 10. next step is 30 mins with sr. hr manager and assessment is 1 hour. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. What would you suggest they do with their debt/equity ratio? Why financial restructuring? It was a 30 min phone call (1st) and super day was 2 weeks after on-site. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Anonymous Interview Candidate in New York, NY, I applied online. What do you know about the firm's restructuring practice? I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. 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. Houlihan Lokey is prestigious for a reason it does seem to be an excellent place to launch your banking career IF you are a banking material. 2. 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. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. Share Interview Advice. This question is an opportunity to show the interviewer that you are motivated by more than just money. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. As regulators and investors increase scrutiny of private . Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. The process took 2 weeks. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? I did not get end up getting the offer, but it was an enjoyable experience. They may ask this question to see if you understand what it takes to be a successful financial analyst. However, most positions will require at least one behavioral interview and one technical interview. 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). . CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. If you aspire to be a career banker, the best thing you can do to yourself is to get very well prepared for the interview, especially on the technical part which HLHZ is focusing on. 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. . Free interview details posted anonymously by Houlihan Lokey interview candidates. Do you have experience with mergers & acquisitions? This question can help interviewers learn more about your interests and how you spend your free time. So as equity trades closer to zero, the value of equity begins to look much more like a call option. How do you approach problem solving? The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. Explore more on salary insights by experience and location. That fully covers the TLA with $50 remaining. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Online application combined with employee referral. Anyone have insight on Houlihan Lokey Dallas? Too Cozy? This question is an opportunity to show your interpersonal skills and ability to work with clients. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). Due to the unpredictable workload and big responsibility. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. Anyone have insight on Houlihan Lokey Dallas? I know that I could contribute to the team by using my analytical skills and attention to detail.. I developed an effective recruiting strategy that included reaching out to universities in the area to find candidates who were looking for internships or entry-level roles. I applied through college or university. Compensation info for 1st Year Analyst in Houlihan Lokey (London). Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you havent worked with outside vendors before, consider describing a time when you had to work with someone who wasnt on your team or company. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few 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, College / University / On Campus Recruiting. The process took 4 weeks. Tell me about a time when you had to work under pressure. Anonymous Interview Candidate in London, England, I applied online. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Another technical round This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. The process took 1 week. About a week later I was invited for the 2nd round in New York. Create Comparison. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Houlihan Lokey is the No. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. Please describe the interview / hiring process. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Collegial. Be assertive. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. Quantitative Strategist (Vice President). 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. . 2011-2022 I Pass Finance Exams -Designed by Thrive Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. I had prepped for this question. They ended up saving thousands of dollars per year, which allowed them to retire early.. Go through the resume first, and then some technical questions as well as behavioral questions. Sign In. Example: A typical day as an associate would start with me reading through emails from my clients, reviewing their financial statements and researching comparable companies in order to provide them with accurate valuations. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Interview. The higher the number, the more difficult the interviews on average. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). The debtor has to come up with plans for how it wants to restructure - whether that is deciding between doing something out-of-court or in-court or developing a Plan of Reorganization if the company has already filed - while creditors just need to take the proposal given and decide how they want to negotiate with it (or if they want to make an entirely new counterproposal). Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. It was fairly standard for investment banking. At the analyst an associate level. The process took 6 weeks. Tell me about yourself? On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. There are always quite a few real companies that have financials quite like what I've outlined above where they still have actively traded equity at surprisingly high prices. Financial Restructuring Summer Analyst. Est Annual Revenue: $500m+ Website. Its a powerful tool that allows users to access real-time financial data and news stories. hours, company culture, people, pay ($), remote more. In this Houlihan Lokey One-on-One interview, Managing Director . From a simple recovery perspective, you have an EV of $150 (30*5). I however only made it this far- even though I am extroverted and did an investment banking internship :( MCOL. Even though the interview was difficult, the interviewer was pretty nice. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. I also enjoy working alone because it allows me to focus on my work without distractions.. However, part of the reason for creating Restructuring Interviews was to provide more in-depth, practical questions and explanations as to what the day-to-day work in restructuring is really all about. 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. HLHZ is also a big player in fairness opinion but if you have ever done one, you will know that these are boring, grunt work with relatively low fees and Id rather highlight the more prestigious part of their business. 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. I interviewed at Houlihan Lokey. interview and assessment can be done separately. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Listen Carefully! Why do you want to work at Houlihan Lokey? 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. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. CV and cover letter practice as well as interview practice. 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. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. I interviewed at Houlihan Lokey (San Francisco, CA). This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. If you are not familiar with Bloomberg Terminal, consider asking the interviewer what it does so that you can learn more about it before your interview. In my last role, I was tasked with hiring new analysts to work on our team. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. It's not as hard as expected. Houlihan Lokey is looking for candidates who can solve problems and find solutions. Given several numbers quickly, how do you get to Cash Flow from Operations? Nova York, Estados Unidos. In your opinion, what makes a good financial analyst? I met with several VPs and MDs. The interview process takes about a week. 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