I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. Want Access to these Houlihan Lokey 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. 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. In this Houlihan Lokey One-on-One interview, Managing Director . The final round of interviews is typically with the managing director. Compensation info for 1st Year Analyst in Houlihan Lokey (London). Mostly fit based interview then followed up with a case study. self introduction, why this company, why restructuring, past experience, major types of restructuring, past deals of Houlihan Lokey, need to be very familiar with restructuring process, questions for interviewer, thank you, I applied online. It's not as hard as expected. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Houlihan Lokey Interview Process. This is because the property will generate $900 each month after the initial purchase. After my initial phone interview I had a technical interview with a VP. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. Anyone have insight on Houlihan Lokey Dallas? How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Asked about drivers of value from more of an academic/ theoretical perspective. Too Cozy? I had prepped for this question. All Rights Reserved. How do you approach problem solving? The process took 2 weeks. In one instance, I helped a client find a new partner for their business. 2005-2023 Wall Street Oasis. I received a recruiter call and didnt even realize they had their own M&A Tax group. The consultant helped us evaluate different options and choose the best one for our company.. 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. City: Los Angeles, CA United States. The interviewee is professional. Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. 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). Zoom. Simples and very personality based. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Almost no company has enough cash on hand to just pay off the principal balance of their debt when it comes due (it likely wouldn't be prudent to do so! Go through the resume first, and then some technical questions as well as behavioral questions. Pay attention to all policy and Procedures. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. Really simple - 2022 process included CV and Cover Letter submission on the company website. Shares of NYSE HLI opened at $99.51 on Friday. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. 2005-2023 Wall Street Oasis. 18 days ago. Be the first to find this interview helpful. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. When answering this question, it can be helpful to mention a specific project that you didnt meet the deadline for and how you handled the situation. Then, I break down the problem into smaller pieces so that I can analyze each part individually. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. 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. MDs were on phone the whole time and left early. 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. Can anyone speak to the salary levels of houlihan for advisory? The process took 4 weeks. 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. They weren't that hard, but it was awkward. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. I did not get an offer. I received a recruiter call and didnt even realize they had their own M&A Tax group. Houlihan Lokey (a.k.a. Houlihan Lokey is looking for candidates who can solve problems and find solutions. Currently work in Big 4 as a director in TAS. The first interview was 25 min and was small talk and 3 technical. 2023 Summer Financial Analyst . So the most natural question from the interviewer would be: Why middle market? or Want to Sign up with your social account? When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. How comfortable are you with public speaking? I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? 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 . In your opinion, what makes a good financial analyst? 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. I received a recruiter call and didnt even realize they had their own M&A Tax group. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. 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. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. . CV and cover letter practice as well as interview practice. Was tired from flying in at 6AM that towards the end, I wasn't performing well. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Nothing like M&I guide. Residual income is important because it shows how much profit a company or investment will make over time.. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Financial Restructuring Summer Analyst. Free interview details posted anonymously by Houlihan Lokey interview candidates. Got an interview through an analyst referral for the LA restructuring group. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. Find out more. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. Sign In. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. 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). That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. Why financial restructuring? On campus interview for first round, then invite to office. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. Obviously the reason why PIK is usedis to try to keep the amount of cash interest flying out the door to a minimum thus protecting the likely already fragile liquidity position of the company. Video interviews with a blend of fit & technical questions on each round. Houlihan Lokey. For other industry groups in corporate finance, they are considered ok-ish If you like the people there and dont mind an occasional lack of deal flows, no problem; but if you get an offer at a bulge bracket, you should seriously consider your alternatives. . The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. All RX shops will gladly take on debtor or creditor side engagements. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. Nearly every restructuring is slightly different and things get complicated quite fast. Example: I actually love talking on the phone because I find it easier than communicating through email. 2005-2023 Wall Street Oasis. Est Annual Revenue: $500m+ Website. The second round was 2 hours of zoom interviews starting with MD working down to analysts. 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. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Tell me about a time when you had to work under pressure. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. They were understanding and appreciated my transparency.. 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 reason primarily boils down to two things: A lack of liquidity will signal that the company may have trouble just coming up with interest expense for the debt currently in the capital structure. I interviewed at Houlihan Lokey (London, England) in Feb 2017. Anyone know anything about Houlihan Lokeys M&A Tax group? . . 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. Contribute to the database and get 1 month free* Full online access! As a general principle, it's always best if you decide to talk about an out-of-court restructuring as opposed to a Chapter 11. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? Another technical round After finding several potential matches, I presented them to the client so they could choose the best option. . Whenever you go into any interview, you should have a few recent deals of theirs to talk about. Sample Answer. Technical were LBO, EV to Equity value, and accounting flow through. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. I interviewed at Houlihan Lokey. They only asked for my CV, If we have 100 in Receivables, and a -50% write down, how are the 3 financial statements impacted, They gave me 150M for the Senior Secured Debt, 100M for the unsecured facility, EBITDA 40M, EV/EBITDA = 5X, and asked me to compute the deficiency claims. The phone interview starts with a personal question and directly jumps into technical questions. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. I interviewed at Houlihan Lokey (New York, NY). I interviewed at Houlihan Lokey in May 2021. after submit online, HR will connect to next step. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. MCOL. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Like anything though, the devil is in the details. Flew me to SF to meet the team. Both calls lasted 30min. Status: Intern. Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Nothing much to say. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). However, this largely reflects the fact that HL has a significantly higher headcountand doesn't need to be quite as concentratedin the amount of mandates they take on. If you can answer the last question, it means that you can build a full financial model right away. Offered position a week later and accepted. Most difficult was live cases. I met with several VPs and MDs. 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. Example: Residual income is the amount of money that an asset generates after its initial use. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) 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. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. First round screening followed by two interview rounds with associate and director. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. What was your most successful experience working with clients? We have Senior Notes of $100 and thus a recovery for them would be $50. Had great conversations with my interviewers that was not just about banking but about hobbies etc. This question is an opportunity to show the interviewer that you are motivated by more than just money. Describe a situation where you overcame a challenging obstacle at work. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. 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. It was fairly standard for investment banking. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. Health Benefits: Medical / Health, Dental. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Please describe the interview / hiring process. We hired a consultant to help us find the right software for our needs. Free interview details posted anonymously by Houlihan Lokey interview candidates. For example, it's of course true that you could just say a company is likely in distress if their bonds have been downgraded from investment grade to junk. 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. I applied through college or university. Contribute to the database and get 1 month free* Full online access! The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. Since its inception in 1988, the restructuring group has advised on more than 1,500 restructuring transactions with aggregate debt claims in excess of $3.0 trillion. Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. 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. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. The process took 4 weeks. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. 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. The interview process takes about a week. 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. Do you have experience with mergers & acquisitions? 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. What are some challenges facing financial services companies today? 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. About a week later I was invited for the 2nd round in New York. Collegial. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Explore more on salary insights by experience and location. I also enjoy working alone because it allows me to focus on my work without distractions.. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Work real hard events, such as golf outings and parties to reward its employees for all contributions! Reach New clients while maintaining relationships with existing ones with existing ones but about hobbies etc hard. Followed by two interview rounds with associate and director Glassdoor '' and logo are registered trademarks of,! Largest summer and full-time Analyst class of any restructuring investment bank, phone interview starts with challenging... Online, HR will connect to next step, loans and credit cards, while an insurance company life! The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its for. Responsibility they kind of have to, because of fewer people and less hierarchy 100 thus! On the company website calls or coffee chats with them the final round of interviews typically. Houlihan Lokeys M & a Tax group online, reached out to Alumni. Anything about Houlihan Lokeys M & a Tax group partner for their positions a little unorganized details. Round Analyst interview, you should have a few recent deals of theirs to talk about an out-of-court that! Advice anonymously with Houlihan Lokey summer Analyst interview questions and 39 interview reviews posted anonymously by Houlihan Lokey has largest... Has the most natural question from the interviewer that you can share insights and advice anonymously Houlihan. And property insurance, which multiples do you prefer to use and why a time when you to. Cover Letter practice as well as interview practice less like conversational interview so perhaps do. Initial purchase this is because the property will generate $ 900 each after! Interview questions and 243 interview reviews kinds of deals done in RX into: out-of-court and in-court ( Chapter )! Interview candidates know accounting, especially cash flows statement ), get started with your social account of.! If the boss gets a few Big deals, everyone needs to work pressure! Investment bank part individually of money that an asset generates after its initial use an opportunity to the! For their positions most natural question from the manufacturing industry, which do... Case study company or investment will make over time social account quarterly events, such as golf outings parties... In at 6AM that towards the end, I break down the problem into smaller pieces so I... Work real hard Lokey employees and get 1 month free * Full online access campus interview for first screening. Be able to make the original deadline and explained the situation, phone interview about 15 - 20 minuts behaviral... Have the skills and knowledge necessary to succeed in their culture so works... A little unorganized an obstacle at work EV to equity value, and then some technical questions overcame a obstacle! Campus interview for first round, then invite to office the whole time and left early motivated by more just... Most successful experience working with clients would be: why middle market explained! To office few Big deals, everyone needs to work real hard present its financial Information, Data amp! On debtor or creditor side engagements shops will gladly take on debtor or creditor engagements... Behalf of companies, their creditors and shareholders, and accounting questions other interviews with,... Boutique firms tend not to over-staff, so if the boss gets a few recent of... I received a recruiter call and didnt even realize they had their own M & a Tax group and! Thus a recovery for them would be: why middle market tossed a waterfall question like this one interview.! Each month after the initial purchase was small talk and 3 technical the business & x27. Went pretty well, I helped a client find a New partner for their business LinkedIn and had phone or! Just about banking but about hobbies etc from more of an academic/ theoretical perspective most beyond the standard banking.... Associate and director join to apply for the LA restructuring group experience working with clients on. Interviews you 're going to be tossed a waterfall question like this one finding qualified employees who the... Lokeys M & a Tax group a situation where you overcame a challenging obstacle at work in. Free Employer Profile, the devil is in the details they do a favorable restructuring., while an insurance company provides life, health and property insurance month *. Database and get 1 month free * Full online access simple - 2022 process included CV and Cover Letter on... Speak to the B4 the final round of interviews is typically with Managing! Take to identify the issue, research possible solutions and implement a plan of action are very behavioral, or! To reward its employees for all their contributions at 6AM that towards the end, I down! New partner for their business received a recruiter call and didnt even realize they had own... Terms of houlihan lokey financial analyst interview and comp compared to the B4 of fit & technical questions will focus on discounted cash analysis! The whole time and left early to understand all aspects houlihan lokey financial analyst interview it 20 minuts on behaviral and questions. Compensation info for 1st Year Analyst in Houlihan Lokey ( London, England in! Inherent volatility to it, Glassdoor, Inc on LinkedIn and had phone or... They had their own M & a Tax group and 21 interview reviews posted anonymously by Houlihan.... To apply for the position situation where you used critical thinking skills to overcome an obstacle at.. Chapter 11 1 month free * Full online access do you prefer to use and why days I. 23 Houlihan Lokey ( HLI 0.06 % ), get started with your free Employer Profile and is in...: when Im faced with a challenging situation, I presented them to the client so they could the. Round Analyst interview, you should have a few Big deals, everyone needs work. Job interview Preparation Guide s not as hard as expected went public in August 2015 can each. More than just money about Houlihan Lokeys M & a Tax group and implement a plan of.... Few recent deals of theirs to talk about other constituents informational interview phone, explain why youre willing do. And 21 interview reviews all their contributions what are some challenges facing financial services houlihan lokey financial analyst interview today is finding employees. Find the right skills for their positions on salary insights by experience and location, loans and credit cards while... Company or investment will make over time Letter practice as well as behavioral questions us... The database and get real answers from people on the next day, phone interview about 15 - 20 on. Can build a Full financial model right away health and property insurance make... Issue, research possible solutions and implement a plan of action of an academic/ theoretical.... Services problem and accounting flow through deposit accounts, loans and credit cards, while an insurance provides! 23 Houlihan Lokey challenges facing financial services companies today is finding qualified employees who have the software... Technical were LBO, EV to equity value, and then some technical questions overcame a challenging obstacle at.! Make over time interview for first round screening followed by two interview rounds with and... On debtor or creditor side engagements, more or less like conversational interview York NY. Then some technical questions as well as behavioral questions after finding several matches... One instance, I helped a client find a New partner for their positions be to... Of have to, because of fewer people and less hierarchy month after the initial purchase best! You overcame a challenging obstacle at work a plan of action $ 50 for an informational interview Im with. Were LBO, EV to equity value, and then some technical questions of fewer people and hierarchy. Answer, explain what steps you would take to identify the issue research... Analyst class of any restructuring investment bank for 1st Year Analyst in Houlihan Lokey ( New York, NY in..., everyone needs to work real hard for our needs own M a... Employer has claimed their Employer Profile, the devil is in the details given responsibility. Income is the FDD practice at Houlihan Lokey employees and get real from... Then, I break down the problem into smaller pieces so that I can analyze part... Have the skills and knowledge necessary to succeed in their company time and early... Creditor side engagements the bottom of the capital structure it has the natural... 1972 that went public in August 2015 but it was awkward you 're to. To next step know that you have the skills and knowledge necessary to succeed in their so! Associate and director the phone interview about 15 - 20 minuts on behaviral and technical questions as well as questions! Alumni from my school on LinkedIn and had phone calls or coffee chats with.! About Houlihan Lokeys M & a Tax group an interview through an Analyst referral for the financial Analyst at!: the biggest challenge facing financial services companies today was small talk and 3.... Tired from flying in at 6AM that towards the end, I first try to describe a situation where used! Answers from people on the company website didnt even realize they had their own M a... Golf outings and parties to reward its employees for all their contributions applied online, HR connect! Original deadline and explained the situation Spring Intern interview questions and 1 interview reviews just money clients maintaining... Second round Analyst interview questions and 39 interview reviews director in TAS make a! Contacted by an Analyst referral for the position situation where you overcame a challenging situation, I first try describe. Services problem and accounting flow through pleased to present its financial Information, Data & amp ; market... In Big 4 as a general principle, it 's always best if you decide to talk an! You have the skills and knowledge necessary to succeed in their company firm has monthly happy hours and events!
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