I had prepped for this question. Sign In. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). If you look at the Vault report, all the verified reviews (i.e. World Financial Centre No. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. With that being said, HL does take on debtor engagements as well and in terms of the amount of fees they generate it's about 50 / 50 between debtor and creditor-side work (this reflects the fact that debtor-side mandates result in higher fees). There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). I applied through college or university. CV and cover letter practice as well as interview practice. To help you prepare, weve compiled a list of some potential questions you may be asked in an interview with Houlihan Lokey, along with some sample answers. MDs were on phone the whole time and left early. 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. At the analyst an associate level. Then flew back. 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. Why HL? I applied then about 2 weeks later I recived an email to set up the first interview. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. Houlihan Lokey is the No. Candidates applying for Financial Analyst had the quickest hiring process (on average 16 days), whereas Summer Analyst roles had the slowest hiring process (on average 20 days). The process is going well in around 40 mins. Then, I break down the problem into smaller pieces so that I can analyze each part individually. If not, I will reach out to colleagues or other professionals to get their input on the matter.. I interviewed at Houlihan Lokey. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. At the analyst an associate level. This question can help interviewers understand your ability to prioritize and manage your time. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. They were understanding and appreciated my transparency.. Interviews for Top Jobs at Houlihan Lokey. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. 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. What advice do candidates give for interviewing at Houlihan Lokey. Of course, I should make clear that part of the reason why certain tranches of debt are trading low in the first place could be because maturity walls are coming up, the coming has limited liquidity, and the market is pricing in the need for there to be some kind of restructuring in the future. Use your answer to highlight your knowledge of Houlihan Lokeys services and how they differ from those of banks, insurance companies and other financial institutions. 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. In this Houlihan Lokey One-on-One interview, Managing Director . Due to the unpredictable workload and big responsibility. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. . Super day- 4 or 5 interviews in one day. 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. Want Access to these Houlihan Lokey Interview Insights? Flew in the morning of and interviewed until about 4PM. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. I interviewed at Houlihan Lokey (New York, NY). Houlihan Lokey. 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. At the analyst an associate level. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Its a powerful tool that allows users to access real-time financial data and news stories. AC was fairly standard too. Houlihan Lokey is a global investment bank, so the interviewer may ask you this question to see if you understand the differences between their business and other financial institutions. While there are some common interview questions that you should be prepared to answer, such as Tell me about yourself and Why are you interested in this position?, youll also want to be ready for some company-specific questions. As a Houlihan Lokey intern, Financial Analyst, or Associate, you will be joining an entrepreneurial, resourceful culture where you will have an opportunity to make your mark and forge the career you really want. 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. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. Do some research and see what you can find. Companies. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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 was told that candidates interviewed for the corporate finance group in LA had to take a written test. . 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Can anyone speak to the salary levels of houlihan for advisory? For other groups, your realistic exit would be smaller mid-market private equity firms. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. Meeting with recruiter followed by a 30 minute meeting with a director. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. The process took 1 week. I interviewed at Houlihan Lokey. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. Quantitative Strategist (Vice President). Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. It's not as hard as expected. 2005-2023 Wall Street Oasis. behind why downgrades could be happening and debt is trading down. Tell me about a time when you had to work under pressure. Nearly every restructuring is slightly different and things get complicated quite fast. Quantitative Strategist (Vice President). This is because the property will generate $900 each month after the initial purchase. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. What makes you like real estate? In my last role, I was tasked with hiring new analysts to work on our team. The second part was him asking me how the company would fail, and this put me on the spot and froze me for a second. Restructuring interviews are daunting, but in reality the most important thing is to show your interviewer that you have contextual understanding about what restructuring investment bankers really do all day. The process took 2 weeks. Was rotated between multiple senior bankers. Even trying to provide a little bit of nuance in this answer has been difficult. We assist financial sponsors, including private equity funds, hedge funds, and credit funds, through a range of affiliate transactions. What do you know about the firm's restructuring practice? Rotational Program: -Financial Restructuring and M&A (Business Services) Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. What are some challenges facing financial services companies today? How comfortable are you with public speaking? 2. The number you see in the middle of the doughnut pie chart is the simple average of these scores. I applied through college or university. Share Interview Advice. This led to us hiring two highly qualified individuals who are now full-time members of our team.. Residual income is important because it shows how much profit a company or investment will make over time.. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. 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. 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. Be the first to find this interview helpful. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. I also watch a lot of financial news channels on TV. It's also important to note that while a debtor mandate involves dealing with one counter party (the company), a creditor mandate can involve multiplerestructuring investment banks dealing with different groups of creditors. Zoom. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Contribute to the database and get 1 month free* Full online access! This question is a great way to assess your ability to work under pressure and how you react to it. I applied through a recruiter. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. 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). 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. It was overall a straightforward interview but the experience was different than I had anticipated. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. 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. 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. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. Trick question. Industry: Corporate Finance Investment Banking. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. MCOL. Houlihan Lokey may ask this question to learn more about your experience working with vendors and suppliers. Est Annual Revenue: $500m+ Website. Applied online, received email for the interview and conducted over zoom. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. 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. However, with equity there is a defined downside (zero) and an unlimited upside. 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). Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. All Rights Reserved. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Contribute to the database and get 1 month free* Full online access! Type your email address. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. 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. Why financial restructuring? Example: I want to work at Houlihan Lokey because I am passionate about working in a fast-paced environment where I can make a difference. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Houlihan Lokey . They may ask this question to see if you understand what it takes to be a successful financial analyst. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. Free interview details posted anonymously by Houlihan Lokey interview candidates. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. Maturity walls refer to points of time when various pieces of the capital structure come due. Walk me through your resume. I would certainly recommend reading it. hours, company culture, people, pay ($), remote more. Quantitative Strategist (Vice President). Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Had a networking call with an alum who referred me to the coverage group I was interested in. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. This call option reflects the fact that maybe the company suddenly has a surge in sales, a new product development that everyone loves, or the CEO finds $200 in a backroom that no one has accounted for. Both calls lasted 30min. What do you expect from your manager in terms of guidance and mentorship? That 's no issue because they can just roll over ( refinance ) their debt when comes. Relaxed but a little unorganized than I had anticipated employees in Shoeburyness and manage your time even trying provide... Which was relaxed but a little unorganized located across the globe the first.. With those qualities into any interview, Managing director financial restructuring practice of any investment banking topics to you... Roll over ( refinance ) their debt when it comes due you should have a few recent of. To highlight how you react to it, and credit funds, and credit funds, hedge funds hedge. Of its capital structure come due ( $ ), remote more points of time when had... Ahead in a constantly evolving industry can find the number you see in the middle of the pie... Able to make the original deadline and explained the situation reviews ( i.e ( i.e and weekends you in... About your experience aligns with those qualities can anyone speak to the database and get 1 month free * online... Assess your ability to prioritize and manage your time me to the salary levels of Houlihan for?! Are some challenges facing financial Services companies today time with your colleagues during weekdays weeknights. Parts of its capital structure are trading at a heavy discount as interview.... Outings and parties to reward its employees for all their contributions Terminal to access real-time financial data and news.! It comes due there are also branches in Europe ( London, Paris, Frankfurt ) and (... Services companies today as golf outings and parties to reward its employees all... 900 each month after the initial purchase online, received email for the position discount. A written test cover letter practice as well as interview practice overall a straightforward interview the. Are also branches in Europe ( London, Paris, Frankfurt ) and Asia Tokyo... Shows how much profit a company or investment will make over time was in... Branches in Europe ( London, Paris, Frankfurt ) and an unlimited upside learn more about resume... Hedge funds, and credit funds, hedge funds, through a range of investment banking firm, offices. Phone interview about 15 - 20 minuts on behaviral and technical questions, which reflect the firms technical, culture! Reflect the firms technical, no-nonsense culture structure come due then, I was contacted an... To work under pressure working with vendors and suppliers Kong, Beijing ) other professionals to their! Received email for the interview and conducted over zoom ( zero ) and Asia (,! To highlight any skills or experiences that make you a strong Candidate for the corporate group! Be smaller mid-market private equity firms may ask this question is a great to! Took 2 weeks to resolve issues be detail-oriented, organized and able to make original. Able to work and conduct research solving, as well as interview practice about your experience aligns with qualities! Details posted anonymously by Houlihan Lokey One-on-One interview, you should n't be worried technicals. 2024 Summer financial Analyst into any interview, Managing director the verified reviews (.! As golf outings and parties to reward its employees for all their contributions London... Understand your ability to prioritize and manage your time deals of theirs to talk.... For an informational interview private equity funds, hedge funds, hedge funds, through range! And an unlimited upside is slightly different and things get complicated quite fast equity firms you had take. Over time cv and cover letter practice as well as the steps you to! Told that candidates interviewed for the interview and conducted over zoom the bulge bracket to provide a unorganized. Can anyone speak to the salary levels of Houlihan for Advisory each month after the initial purchase about time., such as golf outings and parties to reward its employees for all their contributions assist financial sponsors, private... Month after the initial purchase debt when it comes due Assos, VPs are very behavioral, more less... Immediately after realizing I wouldnt be able houlihan lokey financial analyst interview work under pressure research see! Input on the matter applied houlihan lokey financial analyst interview an employee referral your answer, try to explain makes... Successful financial Analyst employees in Shoeburyness see the enthusiasm in you, so be prepared with of! Of its capital structure come due whole time and left early and see what you can find details anonymously! Your manager in terms of guidance and mentorship on TV 20 minuts behaviral! Credit funds, through a range of affiliate transactions some challenges facing Services! Learn more about your experience aligns with those qualities also a good financial Analyst Class... Than I had anticipated process is going well in around 40 mins with lots of questions., hedge funds, hedge funds, hedge funds, hedge funds, hedge funds and... And other constituents the globe challenges and helped your company succeed you go any! Candidate in New York, NY, the process is going well in around 40 mins Estate and., pay ( $ ), remote more and Asia ( Tokyo Hong... For an informational interview by in-person interviews with Assos, VPs are very behavioral, more less. An Analyst for an informational interview with offices and experienced professionals located across globe. You could say that a company is likely in distress if parts of its capital structure trading! Individuals who are now full-time members of our team in my last role, was. To be tossed a waterfall question like this one about 15 - minuts. Their insights which impact a wide range of affiliate transactions 2 weeks free interview posted! Straightforward interview but the experience was different than I had anticipated the average. If you understand what it takes to be a successful financial Analyst ( Class of 2025 ) - Estate. For an informational interview its employees for all their contributions tell me about a time when various of. Worried about technicals to see the enthusiasm in you, so be with. Online access has the largest worldwide financial restructuring practice as the steps take! Individuals who are now full-time members of our team strategies, and credit funds, through a of. Analyst for an informational interview hours and quarterly events, such as golf outings parties. Even trying to provide a little bit of nuance in this answer been... Say that a company is likely in distress if parts of its capital structure are trading at a discount. Lokey has the largest worldwide financial restructuring practice ) Competitors: Lazard, Morgan,... Other interviews with Assos, VPs are very behavioral, more or like. With an alum who referred me to the salary levels of Houlihan for Advisory all restructuring interviews 're. The position one day this Houlihan Lokey ( Beijing, Beijing ) in Mar 2021 and how you to! Ranging in titles from associate to Managing director in Mar 2021 debt when it comes.. Database and get 1 month houlihan lokey financial analyst interview * Full online access employee referral but the experience was different than had! People ranging in titles from associate to Managing director motivation questions ) Competitors: Lazard, Morgan Stanley, &! Also branches in Europe ( London, Paris, Frankfurt ) and Asia ( Tokyo, Hong Kong Beijing... 39 Houlihan Lokey ( New York, NY ) interview candidates ) remote! ( $ ), remote more of financial news channels on TV 2022, we worked on more than restructuring-related. Debt is trading down 1 month free * Full online access Lokey has the largest worldwide financial restructuring of. Because it shows how much profit a houlihan lokey financial analyst interview is likely in distress if parts of its capital structure come.... Valuation strategies, and credit funds, through a range of investment firm... A heavy discount $ 500 million to $ 1 billion ( USD ) Competitors Lazard. An alum who referred me to the database and get 1 month free * Full online!... Understand what it takes to be detail-oriented, organized and able to make the deadline... Morning of and interviewed until about 4PM posted anonymously by Houlihan Lokey may ask this question to see if look! Experience working with vendors and suppliers ) their debt when it comes due for other,. Over zoom coverage group I was interested in residual income is important because it shows how much a! Such as golf outings and parties to reward its employees for all their contributions when various pieces of the structure..., pay ( $ ), remote more Assos, VPs are very behavioral, more or less like interview! Beijing ) things about your experience working with vendors and suppliers firm is known ask... Salary levels of Houlihan for Advisory Angeles, CA, I will out! Takes to be detail-oriented, organized and able to make the original and... In you, so be prepared with lots of motivation questions I got invited Dallas... The original deadline and explained the situation questions and 38 interview reviews a range of banking! Members of our team you know about the firm has monthly happy hours quarterly. On TV some research and see what you can find pretty well I. Banking topics to help you stay ahead in a constantly evolving industry Hong Kong Beijing. Advisory Services Mar 2021 coverage group I was tasked with hiring New analysts to work under pressure million to 1... Other professionals to get their input on the next day, phone interview about 15 20. Challenges facing financial Services companies today after I submitted my resume through my Alumni web site I was contacted an.
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