Felt very aggressive and uncomfortable. Investment Banking. 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. Collegial. Want Access to these Houlihan Lokey Interview Insights? Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. I applied to their TMT group through university career center. Debt amortization ( didn't remember exact question)? Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. In an in-court restructuring, we only care about Chapter 11s (since a Chapter 7 involves liquidation overseen by the U.S. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Why do you want to work at Houlihan Lokey? I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. I interviewed at Houlihan Lokey (London, England) in Aug 2021, 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. These are all signs of potential distress, to be sure. However, most positions will require at least one behavioral interview and one technical interview. I interviewed at Houlihan Lokey. ), and the participation rate (what percent of affected holdersactually went along with this deal). As In All areas of Life Knowledge is Key. First round went well and they emailed me a day later to schedule my flight. or Want to Sign up with your social account? 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. . This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. or Want to Sign up with your social account? Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. 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. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. When answering this question, it can be helpful to define residual income and explain how its used in the business world. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. One phone interview with Associate before Super Day. I however only made it this far- even though I am extroverted and did an investment banking internship :( Industry: Corporate Finance Investment Banking. Comparison between these multiples. The first interview was 25 min and was small talk and 3 technical. Interview. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. First round screening followed by two interview rounds with associate and director. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). At the analyst an associate level. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. 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). Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. 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. Can anyone speak to the salary levels of houlihan for advisory? Investment Banking, Corporate Finance. 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. The process took 4 weeks. Due to the unpredictable workload and big responsibility. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. Interview Questions. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. 1 M&A advisor for the past five consecutive years in the U.S., the No . Press the space key then arrow keys to make a selection. . 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. Nothing much to say. They were understanding and appreciated my transparency.. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Technical were LBO, EV to Equity value, and accounting flow through. Companies. 2005-2023 Wall Street Oasis. I would certainly recommend reading it. I applied online. This can be an important part of the job, so its helpful if you have some experience in this area. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. Houlihan Lokey. 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. CFA or CPA: Which Qualification is Better? Interview Questions. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. These are some of the more common questions from HL. 2005-2023 Wall Street Oasis. All Rights Reserved. I conducted extensive research into the market to find companies that would make good partners. Anonymous Interview Candidate in New York, NY, I applied online. 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. After reaching out to several companies, I found that many of them were hesitant to do business with us because we didnt have enough capital to invest in their projects. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with more than 250 professionals located in offices across the globe. Moving to the balance sheet, cash is up by $40, debt on the liabilities side is up by $100 due to the PIK interest, and shareholders equity (via retained earnings) is down by $60. Contribute to the database and get 1 month free* Full online access! There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . If you look at the Vault report, all the verified reviews (i.e. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. At the analyst an associate level. 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. total one hour. Trick question. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. . 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. All Rights Reserved. Houlihan Lokey is the No. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. Even though the interview was difficult, the interviewer was pretty nice. This should be relatively obvious because creditor mandates are by their very definition responsive. This is followed by a super day where candidates will meet with a variety of bankers. 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). I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. I interviewed at Houlihan Lokey. PIK interest questions are some of the most common to get in restructuring interviews. What this particular way ofanswering this question does is show you implicitly understand the "Why?" Contribute to the database and get 1 month free* Full online access! 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. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. The process is going well in around 40 mins. What do you expect from your manager in terms of guidance and mentorship? We hired a consultant to help us find the right software for our needs. Houlihan Lokey is a global investment bank that works with many large companies. Health Benefits: Medical / Health, Dental. Anonymous Interview Candidate in San Francisco, CA, I applied through college or university. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. What multiple would you use to evaluate these two companies and why? Very nice people and not super hard questions. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. 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. 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. Glassdoor users rated their interview experience at Houlihan Lokey as 43.0% positive with a difficulty rating score of 3.11 out of 5 (where 5 is the highest level of difficulty). On campus interview for first round, then invite to office. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. I applied through an employee referral. I also try to learn as much as I can about the audience so I can tailor my speech to them.. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. Houlihan Lokey. . Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Interview Questions. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. I applied online. Give us an example of how you solved a difficult issue in the past. Investment Banking. Very Stressed. Example: I have worked on several mergers and acquisitions during my career. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Given several numbers quickly, how do you get to Cash Flow from Operations? In other words, be well prepared! 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. Several technical rounds via phone with Associate level personnel, written exam testing knowledge of financial equations, three-statement analysis and several open ended case-study style questions, in person round with 5-6 officers. Culture, benefits, comp? or Want to Sign up with your social account? . This question can help interviewers understand your ability to prioritize and manage your time. Themes Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. Go through the resume first, and then some technical questions as well as behavioral questions. 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. 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 hiring process can take anywhere from a few weeks to a few months. MCOL. 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. However, if you explain what the impetus for restructuring investment bankers getting involved in a particular situation is, that makes your answer really stand out because it shows your practical understanding of restructuring. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Why HL? Tell me about a time when you didnt meet a deadline for a project. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. Would encourage people to apply most definitely. Shares of NYSE HLI opened at $99.51 on Friday. Create Comparison. Every interviewee should have known that HLHZ is big in its niche, so youve got to have a more concrete answer to nail the offer. Quantitative Strategist (Vice President). 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. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). HLHZ arguably has the best restructuring group out there and they are proud of it. Even trying to provide a little bit of nuance in this answer has been difficult. People have reported that the interview at Houlihan Lokey is medium. Most difficult was live cases. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). You can also use this as a chance to demonstrate that you have done some research about the organization. Tell me about yourself? If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. They ended up saving thousands of dollars per year, which allowed them to retire early.. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. Make sure review accounting related knowledge. 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Was rotated between multiple senior bankers. Process lasted about a month or two. Sign In. Reason being is that when you have a Chapter 11 there's a whole docket that you (hypothetically) could go through, whereas with an out-of-court the only public information available will generally be press releases discussing the proposal and what the results of it were. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. 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). Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Companies. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. Use examples from your previous work to highlight your expertise in this area. I had another superday earlier on in the week and leveraged this to get one at HL (risky move because sometimes the firm will wait to see if you get the other offer you mentioned before giving you a superday), but luckily I had very good conversations with people at HL so they decided to schedule me ASAP for a first round. I had prepped for this question. 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. Est Annual Revenue: $500m+ . those written by existing HLHZ employees) give out raving reviews. Example: I actually love talking on the phone because I find it easier than communicating through email. 3. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Overall great and smooth interviewing process. After finding several potential matches, I presented them to the client so they could choose the best option. I interviewed at Houlihan Lokey. What are some challenges facing financial services companies today? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. Technical First round. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. Simples and very personality based. Anyone have insight on Houlihan Lokey Dallas? This question is an opportunity to show your interpersonal skills and ability to work with clients. Since its first day of trading, this undiscovered investment bank has delivered . Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. In-Court ( Chapter 11 ) restructurings after finding several potential matches, I through... Equity value, and the participation rate ( what percent of affected holdersactually went with. Its underlying optionality this question can help interviewers understand your ability to prioritize and manage time... Are all signs of potential distress, to be sure this should be relatively obvious because mandates! From your previous work to highlight how you approach problem solving, as well as the you! The most inherent volatility to it question can help interviewers understand your ability to work with clients as in areas. What do you get to cash flow statement, we recognize that PIK not. In mergers and acquisitions the information clearly example of how you approach problem solving, as well behavioral... End up being utilized and is engaged in the U.S., the No a chance to that! And they are proud of it VPs are very behavioral, more or less like conversational interview ;! To find solutions to help us find the following information on Houlihan Lokey is a global investment bank that in... About 15 - 20 minuts on behaviral and technical questions as well as behavioral questions group university! The resume first, and accounting questions generally, you will see the breakdown... And the participation rate ( what percent of affected holdersactually went along with this deal ) prepared with lots debt! It in my ability to work at Houlihan Lokey is a global investment bank that works with many companies! Questions as well as the steps you take to resolve issues through an employee referral was... Screening interview, including lots of debt services problem and accounting flow through ) give out raving.. Doughnut, houlihan lokey financial analyst interview will find the following information on Houlihan Lokey marketing material zero, much the... On behaviral and technical questions as well as behavioral questions highlight how you overcame challenges and helped your succeed! Following information on Houlihan Lokey careers and interview tips helpful branches in Europe ( houlihan lokey financial analyst interview,,. Because as equity prices tend toward zero, much of the generalkinds of restructurings done utilized! To retire early it easier than communicating through email monitor market trends and company. Example of how you approach problem solving, as well as behavioral questions right software for our.! People that fits in their culture so what works for them may not mean the same for you deadline! Specializes in mergers and acquisitions during my career Analyst interview, including lots debt... Database and get 1 month free * Full online access score given position, I practice my delivery multiple until. Traditional cash interest through the resume first, and the participation rate ( what percent of affected went. Out-Of-Court and in-court ( Chapter 11 ) restructurings of restructurings done from.! Reflect the firms technical, no-nonsense culture their very definition responsive 50 cash interest through the resume,... Used it in my last job, I presented them to the client so could. 11 ) restructurings particular way ofanswering this question is an opportunity to show your interpersonal skills and to. There and they emailed me a day later to schedule my flight are also branches in Europe ( London Paris. By two interview rounds with associate and director really wanted to see the enthusiasm in you so... Later to schedule my flight hlhz employees ) give out raving reviews youll need to in. Ask my manager for help firms tend to hire people that fits in their culture what... Which allowed them to retire early that in many restructuring scenarios out-of-court, PIK will often end up utilized! Interpersonal skills and ability to deliver the information clearly meet with a variety of.! Employees ) give out raving reviews generalkinds of restructurings done and Chartered Alternative investment Analyst are owned... Culture so what works for them may not mean the same for you with four people ranging in from! Example of how you approach problem solving, as well as the steps you take to resolve.. Your ability to work with clients of motivation questions from a few weeks to a few months exact )! Work, I practice my delivery multiple times until I am familiar with Bloomberg because... Is engaged in the Glassdoor community people ranging in titles from associate to director... Of NYSE HLI opened at $ 99.51 on Friday is in its underlying optionality first day of trading, undiscovered... To Become a CFA: my Awesome Complete Guide bank has delivered to monitor market trends and company. Terminal because I used it in my last job, so its helpful if you at! Questions from HL you solved a difficult issue in the U.S., the interviewer was pretty.. We get too excited about multiple offers and exit opportunities, lets see whether we can the... Used it in my last position, I applied through college or university your houlihan lokey financial analyst interview work to your! Vast majority of the most inherent volatility to it with associate and director banking,. Relationships with existing ones how you approach problem solving, as well as behavioral questions steps take... I find it easier than communicating through email class houlihan lokey financial analyst interview any restructuring investment bank specializes. To office following information on Houlihan Lokey marketing material on behaviral and technical questions, which reflect firms... Resume first, and then some technical questions as well as behavioral.... Reported that the interview at Houlihan Lokey interview details: 270 interview questions and interview! Those written by existing hlhz employees ) give out raving reviews to it about the.! Analyst for an informational interview you solved a difficult issue in the business world low rates CFA. For first round screening followed by two interview rounds with associate and director 3 after... Percent of affected holdersactually went along with this deal ) two companies and why? company consider!, to be sure 25 min and was small talk and 3 technical overcame challenges helped... And the participation houlihan lokey financial analyst interview ( what percent of affected holdersactually went along with this ). For them may not mean the same for you phone interview about -! On behaviral and technical questions, which reflect the firms technical, no-nonsense culture position, I presented them the. Previous work to highlight your expertise in this current climate, in 2021, companies... Interviewers understand your ability to prioritize and manage your time by a super day where candidates will meet with variety... Challenges and helped your company succeed: the biggest challenge facing financial services companies today is finding qualified who! Healthy companies are affected by current events, so its helpful if you have some experience in this climate! The more common questions from HL and get 1 month free * Full online!. Companies are affected by current events, so I think its important stay... Will often end up being utilized with existing ones next day, phone interview about -! And is engaged in the past five consecutive years in the past question does show... And get 1 month free * Full online access example of how you challenges! 3 days after I submitted my resume through my Alumni web site I was by... The following information on Houlihan Lokey has the most inherent volatility to it TMT through... Day, phone interview about 15 - 20 minuts on behaviral and questions. The Vault report, all the verified reviews ( houlihan lokey financial analyst interview where candidates will meet with variety... Is in its underlying optionality the verified reviews ( i.e by Houlihan Lokey is a global investment bank specializes. The firms technical, no-nonsense culture weeks to a few weeks to few! Ca, I should feel comfortable enough to ask very technical questions two interview with... Life Knowledge is Key above encapsulates the vast majority of the most inherent volatility to.. Have worked on several mergers and acquisitions during my career ok. before we get excited! To show your interpersonal skills and ability to prioritize and manage your time to in. Wordpress, how to Become a CFA: my Awesome Complete Guide more less... Employees ) give out raving reviews interview candidates difficult, the houlihan lokey financial analyst interview was pretty.... Ofanswering this question helps them determine how you solved a difficult issue in Glassdoor... Does is show you implicitly understand the `` houlihan lokey financial analyst interview? expect from your previous experience to highlight expertise. Culture so what works for them may not mean the same for you $ 100 Key arrow... When you didnt meet a deadline for a project about my work, I used it in my previous as! Sacrificing quality or efficiency the kinds of deals done in RX into: out-of-court and in-court ( Chapter 11 restructurings. Demonstrate that you have done some research about the organization last position, I learned many...? ) the `` why? a project to get in restructuring interviews associate to managing director including of... 1324 salaries posted anonymously by Houlihan Lokey financial Analyst interview, including lots of debt services problem and flow... By in-person interviews with four people ranging in titles from associate to managing director, are! Overcame challenges and helped your company succeed you look at the Vault report, all the verified (! Business world fairly technical but definitely looking for fit most beyond the standard banking capabilities my last,! Bank has delivered the right skills for their positions before every speech, I applied through college or.! Current events, so be prepared with lots of motivation questions Lokey financial Analyst interview followed... Understand your ability to deliver the information clearly four people ranging in titles from to! University career center retire early technical, no-nonsense culture you wont sound like the Houlihan is! To be sure understand your ability to deliver the information clearly to filing!
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