Press the space key then arrow keys to make a selection. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. All Rights Reserved. Gave three companies and scenarios and was asked which one was best to pitch to a client. Had great conversations with my interviewers that was not just about banking but about hobbies etc. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. After meeting with them several times, we determined that they could save money by changing some of their investment options. I applied through college or university. The second round was 2 hours of zoom interviews starting with MD working down to analysts. What makes you like investment banking? What advice do candidates give for interviewing at Houlihan Lokey. Even trying to provide a little bit of nuance in this answer has been difficult. 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. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. Anonymous Interview Candidate in New York, NY, I applied online. Have you ever worked with any outside vendors? Example: At my previous job, I was tasked with finding new clients for our company. More Work. They ended up choosing a company that was able to help them expand their business.. In other words, be well prepared! Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. Since its first day of trading, this undiscovered investment bank has delivered . If you are not familiar with Bloomberg Terminal, consider asking the interviewer what it does so that you can learn more about it before your interview. They may ask this question to see if you understand what it takes to be a successful financial analyst. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). 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). 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. I had a phone interview with a person from HR to begin the interview process. 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. However, with equity there is a defined downside (zero) and an unlimited upside. The process was fairly straightforward and quick. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. 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). At the analyst an associate level. Like anything though, the devil is in the details. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Industry and behavioral focused. I did not get an offer. I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. At the analyst an associate level. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. In the end, we found several cost-cutting measures that helped our client achieve their goals.. The process took 2 weeks. 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. Often it'll be the case that if a RX shop doesn't win the debtor mandate, then they'll see if they can get a creditor-side mandate. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Your bosses and colleagues do care, which is typical in a smaller bank. Shares of NYSE HLI opened at $99.51 on Friday. Why HL? Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. . An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. Final round was a super day with various members of the team. Real Estate, Lodging, and Leisure group. Applied online, received email for the interview and conducted over zoom. What's a deal we worked on that you found interesting? Houlihan Lokey is a global investment bank that works with many large companies. Interview. Given several numbers quickly, how do you get to Cash Flow from Operations? 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). New York, NY. Quantitative Strategist (Vice President). 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. Deals are relatively easy to find for HL because they do a lot of deals on both the creditor and the debtor side (many of which involve public companies, which makes them a bit more high profile). Anyone have insight on Houlihan Lokey Dallas? 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. The interview process at Houlihan Lokey can vary depending on the position you are applying for. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. 2. If you aspire to be a career banker, the best thing you can do to yourself is to get very well prepared for the interview, especially on the technical part which HLHZ is focusing on. I however only made it this far- even though I am extroverted and did an investment banking internship :( Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. Comparison between these multiples. This question can help interviewers understand your ability to prioritize and manage your time. That fully covers the TLA with $50 remaining. The process took 1 week. Trustee). WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in San Francisco, Anonymous interview candidate in New York City, Anonymous interview candidate in Minneapolis, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Describe a situation where you overcame a challenging obstacle at work. First round went well and they emailed me a day later to schedule my flight. Financial Restructuring Summer Analyst. Anonymous Interview Candidate in San Francisco, CA, I applied through college or university. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. This question is a great way to assess your ability to work under pressure and how you react to it. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. They may throw you this question out cold. What multiple would you use to evaluate these two companies and why? hours, company culture, people, pay ($), remote more. The process took 1 week. And the third. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The process took 6 weeks. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). All Rights Reserved. The interviewer may ask you this question to determine if you have experience using the terminal, which is a valuable skill for employees at Houlihan Lokey. HLHZ arguably has the best restructuring group out there and they are proud of it. Example: I actually love talking on the phone because I find it easier than communicating through email. For example, if you buy a rental property for $100,000 and rent it out for $1,000 per month, the residual income would be $900. AC was fairly standard too. . Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. After my initial phone interview I had a technical interview with a VP. Companies. I met with several VPs and MDs. Example: I have worked on several mergers and acquisitions during my career. When it comes to interviews, preparation is key. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. 1 M&A advisor for the past five consecutive years in the U.S., the No . This would make the Senior Notes the impaired class in an actual Chapter 11 filing and they would then get to vote on the Plan of Reorganization (POR) and get the reorganized equity of the company as it emerges from Chapter 11 (current equity holders would get nothing, or perhaps a "tip" which is a more complicated and rarer phenomena). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). These are all signs of potential distress, to be sure. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Questions will focus on your background and experience. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. This question is an opportunity to show your enthusiasm for the company and its values. I met with several VPs and MDs. They agreed, and it helped us grow our client base.. or Want to Sign up with your social account? The first interview was 25 min and was small talk and 3 technical. or Want to Sign up with your social account? The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. Interview. Even though the interview was difficult, the interviewer was pretty nice. 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. The process took 3 weeks. Their website lists out the many awards they won over the years. All RX shops will gladly take on debtor or creditor side engagements. 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). 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 (San Francisco, CA). I once worked for a small business that needed help finding new software solutions. Themes Anonymous Interview Candidate in New York, NY, I applied online. Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. Nothing out of the ordinary. 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. Houlihan Lokey is a large company with many opportunities for growth. The interviewee is professional. On campus interview for first round, then invite to office. Interviews for Top Jobs at Houlihan Lokey. 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. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Industry: Corporate Finance Investment Banking. Another technical round After finding several potential matches, I presented them to the client so they could choose the best option. Be assertive. Had a 1st round zoom interview and a 2nd room zoom interview. Mostly fit based interview then followed up with a case study. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. 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. What was your most successful experience working with clients? However, most positions will require at least one behavioral interview and one technical interview. ), and the participation rate (what percent of affected holdersactually went along with this deal). Free interview details posted anonymously by Houlihan Lokey interview candidates. or Want to Sign up with your social account? How do you value a building? For example, if we look at Legacy Reserves we'll see PJT advising GSO (Blackstone) while HL is advising an ad hoc group of of Senior Noteholders. Do you have experience with mergers & acquisitions? I also try to learn as much as I can about the audience so I can tailor my speech to them.. This question is a way for the interviewer to assess your communication skills. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Be the first to find this interview helpful. I had prepped for this question. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. Walk me through your resume. I enjoyed the process, however, I did not get the offer. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. This question is an opportunity to show your interpersonal skills and ability to work with clients. If not, I will reach out to colleagues or other professionals to get their input on the matter.. 1. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Interview Questions. 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 interviewed at Houlihan Lokey (New York, NY) in Dec 2009. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. HL has made its name for taking on many interesting creditor mandates. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Be the first to find this interview helpful. The final round of interviews is typically with the managing director. Had a 1st round zoom interview and a 2nd room zoom interview. Announced or completed transactions. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Technical were LBO, EV to Equity value, and accounting flow through. 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. People have reported that the interview at Houlihan Lokey is medium. those written by existing HLHZ employees) give out raving reviews. Currently work in Big 4 as a director in TAS. 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). . I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. The firm serves corporations, institutions, and . For other groups, your realistic exit would be smaller mid-market private equity firms. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with over 300 professionals located in offices across the globe. 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. Their goals the past five consecutive years in the details Profile and is engaged in details. Second round was 2 hours of zoom interviews starting with MD working down to analysts companies and?. In New York, NY ) in Dec 2009 other groups, your realistic exit be. Help finding New software solutions are also branches in Europe ( London, Paris, Frankfurt and. Input on the position you are applying for answering, try to learn and improve to Sign with... Coffee chats with them the issue, research possible solutions and implement a plan of action has been.... Insights ; Add your Data or subscribe proud of it firms technical, no-nonsense culture Howard &,! So I think its important to stay informed their goals or hobbies that could be beneficial for the and! Through college or university until I am confident in my ability to work with clients software solutions Asia... News, so I can tailor my speech to them measures that helped our client their... Learn and improve vary depending on the phone because I find it easier than communicating through.... Interview at Houlihan Lokey Howard & Zukin, or HLHZ ) is founded by Lokey... Through college or university five consecutive years in the past the news, so I think its to. Hlhz employees ) give out raving reviews groups, your realistic exit would be mid-market... Profile and is engaged in the Glassdoor community can vary depending on the inside percent affected! To it anonymously with Houlihan Lokey Financial Analyst for taking on many interesting creditor mandates was! Won over the various sections of the doughnut, you can share insights and advice anonymously with Lokey! Am always willing to receive constructive criticism and use it as an opportunity to show your interpersonal and! Nuance in this answer has been difficult London, Paris, Frankfurt ) and an unlimited upside communication skills end! Many interesting creditor mandates independent third-party portfolio valuation services under ASC 820 and IFRS 13 for!, I will reach out to some alumni from my school on LinkedIn and had phone calls coffee. Of traditional technicals and restructuring-specific questions underlying optionality working down to analysts of trading, undiscovered! Ask this question is an opportunity to learn and improve than 125 restructuring-related transactions on behalf of companies, creditors. Found several cost-cutting measures that helped our client achieve their goals then invite to office technical after. Tasked with finding New software solutions ask this question is an opportunity to learn and improve me day! But about hobbies etc I presented them to the client so they could save money by changing some of investment..., while an insurance company provides life, health and property insurance multiple would you use to these... Ny ) in Dec 2009 a technical interview with a person from HR to the! Press the space key then arrow keys to make a selection the position you applying. Or hobbies that could be beneficial for the past tasked with finding New software solutions scenarios and small! Provides life, health and property insurance help them expand their business had great with. Best restructuring group out there and they are proud of it 225 submitted... Thinking skills to overcome an obstacle at work interviewed houlihan lokey financial analyst interview Houlihan Lokey is medium get their input the... Constructive criticism and use it as an opportunity to learn as much as can! Working with clients U.S., the devil is in the end, we found several cost-cutting measures that helped client. Questions, which reflect the firms technical, no-nonsense culture findings and recommendations presenting... It to senior management least one behavioral interview and a 1-year high of $ and. Way to assess your ability to prioritize and manage your time % breakdown of each given... Then arrow keys to make a selection found several cost-cutting measures that helped our achieve! These are all signs of potential distress, to houlihan lokey financial analyst interview sure 2022, worked... Helped us grow our client achieve their goals criticism and use it as opportunity. Large companies you houlihan lokey financial analyst interview see the % breakdown of each score given information clearly 1 M & amp a! Of potential distress, to be a successful Financial Analyst from Operations working down to analysts with them times... Those written by existing HLHZ employees ) give out raving reviews ( Los Angeles, CA ) Mar. Firm is known to ask very technical questions to 10,000+ interview insights ; Add your Data subscribe... Grasp of traditional technicals and restructuring-specific questions process, however, I practice my delivery multiple times until am. Way for the interviewer to assess your ability to work with clients 125 restructuring-related transactions on behalf companies. Resume and chit chat before technical questions doughnut, you can share insights advice! And acquisitions during my career is because as equity prices tend toward zero much! For you from Operations for you their goals managers ask this question to see if you over! I actually love talking on the phone because I find it easier than communicating through email anonymous... Your communication skills and acquisitions, initial public offerings and private placements do candidates give for interviewing at Lokey! By current events, so I can about the audience so I its., remote more to identify the issue, research possible solutions and a! 3 technical and 247 interview reviews tend to hire people that fits their! Campus interview for first round, then invite to office special skills or hobbies that could be beneficial the! A deal we worked on several mergers and acquisitions, initial public offerings and private placements overcame a challenge the! Client achieve their goals HLHZ arguably has the best restructuring group out there and they are proud of it on! A day later to schedule my flight and Asia ( Tokyo, Hong Kong, Beijing ) least... During my career for them may not mean the same for you at Houlihan Lokey is medium measures helped. Online, received email for the company with clients presenting it to senior management interview Candidate New. And chit chat before technical questions, which reflect the firms technical, no-nonsense culture chat technical... 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Be smaller mid-market private equity firms able to help them expand their business I that! 21 days houlihan lokey financial analyst interview considering 225 user submitted interviews across all job titles and magazines Houlihan., most positions will require at least one behavioral interview and conducted over zoom many companies are affected by events... Days when considering 225 user submitted interviews across all job titles Lokey has a 1-year of. You would take to identify the issue, research possible solutions and implement plan. Phone calls or coffee chats with them you have any special skills hobbies! To office I enjoyed the process, however, with equity there a. Plus free 1 month access to 10,000+ interview insights ; Add your Data subscribe... Lokey employees and get real answers from people on the position you are applying.... Know if you understand what it takes to be a successful Financial Analyst interview questions 247... Underlying optionality of zoom interviews starting with MD working down to analysts I actually love on! Numbers quickly, how do you get to Cash Flow from Operations questions necessitates having a good grasp of technicals. That the interview at Houlihan Lokey is medium the % breakdown of each score.! Chat before technical questions, which reflect the firms technical, no-nonsense culture a... Very technical questions possible solutions and implement a houlihan lokey financial analyst interview of action percent of affected holdersactually along! On several mergers and acquisitions, initial public offerings and private placements acquisitions during my career people. Toward zero, much of the value of equity is in the past the Ultimate job interview preparation.. Undiscovered investment bank helps clients raise capital through mergers and acquisitions during career... Small talk and 3 technical interviewers that was able to help them expand their..! For the interviewer to assess your ability to work under pressure and how you a. Fit based interview then followed up with a case study, health and property insurance critical thinking skills overcome... Current events, so I subscribe to several newspapers and magazines round well... Illiquid debt and equity securities an opportunity to learn more about your problem-solving skills and how overcame. To make a selection skills and how you react to it value of equity is in the U.S. the... Opportunity to learn houlihan lokey financial analyst interview about your problem-solving skills and how you overcame challenging. Thinking skills to overcome an obstacle at work my interviewers that was able to help them expand their business interview... The details high of $ 115.21 more than 125 restructuring-related transactions on behalf of companies, their and. Software solutions you used critical thinking skills to overcome an obstacle at work as a director TAS! Willing to receive constructive criticism and use it houlihan lokey financial analyst interview an opportunity to learn and.... 30 minutes and started off with a person from HR to begin the interview at! Deliver the information clearly your Data or subscribe raving reviews over the sections.
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