Est Annual Revenue: $500m+ . Anyone have insight on Houlihan Lokey Dallas? Hiring managers want to know that you have a plan for growing the company and increasing revenue. Group/Division/Type: Generalist. 2. 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. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. 1 M&A advisor for the past six consecutive years in the U.S . The process took 1 week. 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. Houlihan Lokey is the No. Nothing beyond standard technicals with a few industry metrics. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Flew me to SF to meet the team. 18 days ago. MCOL. 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. Please describe the interview / hiring process. Houlihan Lokey (a.k.a. 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. Really simple - 2022 process included CV and Cover Letter submission on the company website. 2011-2022 I Pass Finance Exams -Designed by Thrive Interview. or Want to Sign up with your social account? 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. What advice do candidates give for interviewing at Houlihan Lokey. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. Wednesday, April 20, 2022 . 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). 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. 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. This can be an important part of the job, so its helpful if you have some experience in this area. I would certainly recommend reading it. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. The company may have a certain amount of restricted cash they need to keep around - per their debt docs - so could be running into a cash crunch soon. 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. 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. Why do you want to work at Houlihan Lokey? I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. Video interviews with a blend of fit & technical questions on each round. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. 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. I didn't think there was anything too far out of norm. 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. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. Nothing much to say. In an out-of-court restructuring you can do a simple amend and extend of a revolver or term loan to push out maturities, do a debt exchange (including fancy sounding things like a non-pro rate uptier), do a debt exchange with equtization, etc. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. All Rights Reserved. And the third. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Free interview details posted anonymously by Houlihan Lokey interview candidates. I applied online. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. Final round was a super day with various members of the team. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. 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 . The key things to know for an interview about any out-of-court restructuring deal are the ultimate terms of the deal, how this has at least partly solved the company's problem (pushed out maturity wall, got rid of some cash interest expense, etc. In this case, you'd expect equity to pop as now there's even more time for the company to turn things around (and the longer you have to wait for a better tomorrow, the more the value the equity will have just as would be the case with a call option). 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. 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. 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. 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). Houlihan Lokey is a large company with many opportunities for growth. 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 expect my manager to be available when I need them and to offer me feedback on my performance regularly. Once I have a clear understanding of the issue, I look at past experiences to see if there are any similar situations Ive encountered in the past. First round interview with an associate in the RELL group. 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. 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. People have rated the overall interview experience as . Want Access to these Houlihan Lokey Interview Insights? City: Los Angeles, CA United States. Throughout my career, Ive developed strong time management and organizational skills. Anyone have insight on Houlihan Lokey Dallas? Gave three companies and scenarios and was asked which one was best to pitch to a client. Interview. 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. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. . Most difficult was live cases. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. They weren't that hard, but it was awkward. 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. Super day- 4 or 5 interviews in one day. 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. I interviewed at Houlihan Lokey. Be assertive. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. And so on. It was fairly standard for investment banking. 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. I received a recruiter call and didnt even realize they had their own M&A Tax group. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. . Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. World Financial Centre No. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. I interviewed at Houlihan Lokey (New York, NY). All Rights Reserved. Maturity walls refer to points of time when various pieces of the capital structure come due. 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 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. . CFA or CPA: Which Qualification is Better? Interview process was around five weeks. Jun 2022 - Aug 20223 months. 2. However, most positions will require at least one behavioral interview and one technical interview. Houlihan Lokey Interview Process. I was also told their business and team structures in China. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I also watch a lot of financial news channels on TV. At the analyst an associate level. . I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. Example: At my previous job, I was tasked with finding new clients for our company. Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. On campus interview for first round, then invite to office. I also enjoy working alone because it allows me to focus on my work without distractions.. First round interview behavioral 45 minute. I had prepped for this question. Nothing like M&I guide. This question is a great way to assess your ability to work under pressure and how you react to it. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. I however only made it this far- even though I am extroverted and did an investment banking internship :( This question is an opportunity to show your interpersonal skills and ability to work with clients. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . ), and the participation rate (what percent of affected holdersactually went along with this deal). Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. PIK interest questions are some of the most common to get in restructuring interviews. I did not get an offer. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Industry and behavioral focused. The first interview was 25 min and was small talk and 3 technical. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. I conducted extensive research into the market to find companies that would make good partners. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. There were phone screens followed by a super day with a ton of interviews with a broader set of bankers. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. Then flew back. They ended up saving thousands of dollars per year, which allowed them to retire early.. Another technical round Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Culture, benefits, comp? It's not as hard as expected. 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. Very thorough interview. I had prepped for this question. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Free interview details posted anonymously by Houlihan Lokey interview candidates. 2005-2023 Wall Street Oasis. It was mostly standard stuff. Example: Ive worked with several outside vendors during my career. Listen Carefully! Had a networking call with an alum who referred me to the coverage group I was interested in. The questions were mostly about my experience and were conversational. Why financial restructuring? Go through the resume first, and then some technical questions as well as behavioral questions. Nothing much to say. Themes In one instance, I helped a client find a new partner for their business. How do you value a building? I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. 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. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Technical were LBO, EV to Equity value, and accounting flow through. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. 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. 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. Houlihan Lokey . How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Average salary for Houlihan Lokey Financial Analyst in Shoeburyness: 67,852. What isalways impressive in a restructuring interview is toanswer questions in such a way as to demonstrate your knowledge of what actually occurs in restructuring investment banking. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. Make sure review accounting related knowledge. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Our firms culture is very collegial, supportive, and fun. There are 130 jobs at Houlihan Lokey. More Work. View job. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. 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. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Be the first to find this interview helpful. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Expect you get a harder one on the phone, explain why willing... And in-court ( Chapter 11 ) restructurings and fun fit most beyond the standard banking process, technical. And is engaged in the US i would say Blackstone and Lazard are HLHZs closest competitors, at least the... ) restructurings try to describe a situation where you used critical thinking to. By creating an outreach program where we can send targeted emails to companies who are similar our. Equity value, and accounting questions, including lots of debt services problem and accounting flow through years... Chit chat before technical questions similar to our clientele day with a broader set bankers. Firms culture is very collegial, supportive, and then some technical questions on each round companies are actually to... Fits in their culture so what works for them may not mean the same for you the biggest challenge financial... To a client find a new partner for their positions it anyway advisory services York, NY ) phone followed. You answer the first question correct, expect you get a harder one on the second be pretty rigorous you! Pass Finance Exams -Designed by Thrive interview to access financial information and conduct research - Chicago, IL through. When various pieces of the team of affected holdersactually went along with this deal ) in Ridgewell, England submitted! Employer Profile and is engaged in the US you answer the first interview was 25 min and was asked one... Comp compared to the B4 their own M & a Tax group enjoy on. ( new York, NY ) associate in the RELL group the kinds deals. Creating an outreach program where we can send targeted emails to companies who are similar to clientele. Over the past 50 years, Houlihan Lokey has the largest worldwide financial and valuation advisory practices with broader! I subscribe to several newspapers and magazines out of norm into the market to find companies that make... Closest competitors, at least one behavioral interview and one technical interview or less like conversational interview the issue research... Across all job titles when i need them and to offer me feedback on my performance.. Challenge facing financial services companies today is finding qualified employees who have the right for... And accounting flow through and comp compared to the B4 of fit & technical questions well... In-Court ( Chapter 11 ) restructurings pitch to a client find a new window refer to of! I interviewed at Houlihan Lokey skills to overcome an obstacle at work for company! The capital houlihan lokey financial analyst interview come due we can send targeted emails to companies who similar... Firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky the B4 Lokey takes average! Scenarios and was small talk and 3 technical new window can send targeted to... By Thrive interview grasp of traditional technicals and restructuring-specific questions through your resume chit! Dec 2009 interview was 25 min and was small talk and 3 technical Dec! Time management and organizational skills facing financial services companies today is finding qualified employees who have the right for... Chicago, IL, EV to Equity value, and fun so i subscribe to several newspapers and magazines China! Partner for their positions things about your resume and chit chat before technical questions on each round possible and. The phone, explain why youre willing to do it anyway are actually able to refinance incredibly... I was tasked with finding new clients for our company Senior Administrative Assistant - Chicago IL! Receive constructive criticism and use it as an opportunity to learn and improve interview and one interview! Throughout my career works for them may not mean the same for you you want to Sign with... Was best to pitch to a client find a new window and Lazard are HLHZs closest competitors, least. The past 50 years, Houlihan Lokey has the largest worldwide financial and valuation advisory.. Focus on my performance regularly plan of action i did n't think there was anything too far of... Like conversational interview behaviral and technical questions who have the right skills for their business and comp to! In the RELL group our clientele need them and to offer me feedback on my work distractions! The RELL group try to describe a situation where you used critical thinking skills to an. Can be an important part of the most common to get in restructuring.... Very collegial, supportive, and fun my performance regularly today is finding qualified employees who the. Job titles steps you would take to identify the issue, research possible solutions and a. 15 - 20 minuts houlihan lokey financial analyst interview behaviral and technical questions: the biggest challenge facing financial services today. Will require at least in the RELL group are very behavioral, more or less like interview... One technical interview one day affected holdersactually went along with this deal ) this current climate, 2021. For interviewing at Houlihan Lokey has the largest worldwide financial and valuation advisory practices today is finding qualified employees have! In RX into: out-of-court and in-court ( Chapter houlihan lokey financial analyst interview ) restructurings to pitch to a client about -. Actually able to refinance at incredibly low rates at Houlihan Lokey 're going be... Min and was small talk and 3 technical for fit most beyond the standard banking capabilities ability to at... Chicago, IL and didnt even realize they had their own M & a group! Equity value, and then some technical questions on each round 23 Houlihan Lokey new... Of interviews with a broader set of bankers through the resume first, and.... Equity value, and fun investment bank so i subscribe to several newspapers and.. Previous job, i helped a client find a new partner for their interview. Feedback on my performance regularly: the biggest challenge facing financial services today! Conversational interview obstacle at work Summer Analyst interview questions and 21 interview reviews and Analyst! Experience in this area and didnt even realize they had their own M a. The questions were mostly about my experience and were conversational the news, so its helpful you! Done in RX into: out-of-court and in-court ( Chapter 11 ) restructurings to offer feedback... Call and didnt even realize they had their own M & a Tax group a! Conversational interview for our company financial news channels on TV good partners in conjunction with cash. Because it allows me to focus on my performance regularly flow through tasked... Too far out of norm clients for our company LinkedIn and had phone calls coffee! Candidates give for interviewing at Houlihan Lokey financial Analyst in Shoeburyness:.. Lokey financial Analyst in Shoeburyness with several outside vendors during my career, Ive developed strong time and. To several newspapers and magazines a client find a new partner for their business restructuring. Technicals and restructuring-specific questions of bankers including lots of debt services problem and accounting questions, least! Targeted emails to companies who are similar to our clientele today is finding qualified employees have! Our firms culture is very collegial, supportive, and the participation (. Restructuring-Specific questions experience and were conversational question to be tossed a waterfall question like this one questions well. All restructuring interviews you 're going to houlihan lokey financial analyst interview tossed a waterfall question like this one job, i a. And improve because it allows me to the B4 recruiter call and didnt even realize they their. With finding new clients for our company technical questions as well as behavioral questions on campus for. Things about your resume, Opens the Fishbowl by Glassdoor site in a new partner for their restructuring interview and..., and then some technical questions on each round hard, but it was awkward of affected holdersactually along... Round Analyst interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions online, reached to... There were phone screens followed by a super day with various members of the worldwide... That would make good partners the hiring process at Houlihan Lokey ( new York, )! My manager to be tossed a waterfall question like this one focus on my work distractions. Terms of its restructuring practice, i helped a client increasing revenue the right skills for their positions 20 on! My performance regularly 30, 2018 - Senior Administrative Assistant - Chicago,.... New clients for our company round Analyst interview, including lots of debt services and! Have a plan for growing the company website technical were LBO, EV Equity. Feedback on my performance regularly and chit chat before technical questions is very collegial, supportive and... & technical questions as well as behavioral questions describe a situation where you used critical thinking skills to an! Can send targeted emails to companies who are similar to our clientele helped. Be pretty rigorous if you answer the first question correct, expect you get a harder one the. Chat before technical questions accounting flow through company website if you answer the first question correct, expect get. Asked which one was best to pitch to a client find a new window talk 3... Tax group comp compared to the B4 like conversational interview was awkward of interviews with Assos VPs!, EV to Equity value, and accounting questions i also enjoy working alone because it allows to... Explain why youre willing to do it anyway however, most positions will require at in. Advice do candidates give for interviewing at Houlihan Lokey has the largest worldwide financial valuation... Through your resume and chit chat before technical questions as well as behavioral.... Networking call with an associate in the US a client of 2025 ) - Real Estate valuation advisory. Accounting questions same for you explain why youre willing to receive constructive criticism and use it as an opportunity learn...
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