When answering this question, try to think of an example that showcases your problem-solving skills and the steps you took to solve the issue. After my initial phone interview I had a technical interview with a VP. I think my ability to talk on the phone will help me connect with clients and colleagues.. Went through on-campus recruiting, did a 1st round, 30 minute interview on campus that involved some behavioral questions and then a written case, which was pretty tough. I know that I could contribute to the team by using my analytical skills and attention to detail.. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. 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. I had a phone interview and did not get through the first round. Even though the interview was difficult, the interviewer was pretty nice. MCOL. 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. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. 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 a phone interview with a person from HR to begin the interview process. Really simple - 2022 process included CV and Cover Letter submission on the company website. When answering this question, it can be helpful to define residual income and explain how its used in the business world. Be the first to find this interview helpful. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. Most difficult was live cases. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 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 is pleased to present its Financial Information, Data & Analytics Market Updates. 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. If you ask me, I would think the safest answer should be something around their renowned restructuring practice. To help you prepare, weve compiled a list of some potential questions you may be asked in an interview with Houlihan Lokey, along with some sample answers. Final round was a super day with various members of the team. The consultant helped us evaluate different options and choose the best one for our company.. Trick question. Had a 1st round zoom interview and a 2nd room zoom interview. Flew in the morning of and interviewed until about 4PM. The firm serves corporations, institutions, and . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. Describe a situation where you overcame a challenging obstacle at work. These are some of the more common questions from HL. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Its a powerful tool that allows users to access real-time financial data and news stories. Example: Ive worked with several outside vendors during my career. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. What makes you like investment banking? | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Interview. It's not as hard as expected. Interview. 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. Here are the tips: HLHZ is a strong player in middle market investment banking. With all that said, let's take a look at some of the most popular questions asked at HL: Note: I've written a rather lengthy post about this already, which you can turn to afterwards if interested. Offered position a week later and accepted. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Investment Banking FAQ: 25 Most Common Questions from Readers, Investment Banking Analyst Program: Info for Sophomores and Juniors, Investment Banking League Tables by Industry 2013. I interviewed at Houlihan Lokey in Jan 2022. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Nothing out of the ordinary. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Houlihan Lokey is the No. Find out more. Why HL? Collegial. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. Companies. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. Want Access to these Houlihan Lokey Interview Insights? The first interview was 25 min and was small talk and 3 technical. 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. People have reported that the interview at Houlihan Lokey is medium. 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. 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. After my initial phone interview I had a technical interview with a VP. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. I interviewed at Houlihan Lokey. 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. The hiring process can take anywhere from a few weeks to a few months. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. It was a 30 min phone call (1st) and super day was 2 weeks after on-site. Explore more on salary insights by experience and location. Choosing a selection results in a full page refresh. Applied online, received email for the interview and conducted over zoom. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Due to the unpredictable workload and big responsibility. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. . Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? 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 got an email for phone screening availabilities after 2~3 weeks. 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. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) This question is an opportunity to show the interviewer that you are motivated by more than just money. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Go through the resume first, and then some technical questions as well as behavioral questions. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. I applied through college or university. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. 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. This question is an opportunity to show your interpersonal skills and ability to work with clients. I applied through a recruiter. Although it is nice to know that there exists such a collegial and entrepreneurial environment, I would just discount the reviews a little bit because: A more realistic view of the culture would be something like this: 1. Have you ever worked with any outside vendors? Houlihan Lokey has extensive expertise in mergers, acquisitions, divestitures, activist shareholder and takeover defense, and other related advisory services for a broad range of U.S. and international clients. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. I however only made it this far- even though I am extroverted and did an investment banking internship :( CFA or CPA: Which Qualification is Better? These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). I enjoyed the process, however, I did not get the offer. 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. Want Access to these Houlihan Lokey Interview Insights? As In All areas of Life Knowledge is Key. CFA Exam Pass Rates: What the Latest Statistics Reveals, middle market / boutique investment banks can be more attractive, 24 classic (and tough) banking interview questions, Disclaimer, Copyright, Privacy, Term & Conditions, Comment, Product Review and Disclosure Policies, These guys arent dumb Who would write something negative if they are still employed there. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. Free interview details posted anonymously by Houlihan Lokey interview candidates. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. The client needed the report within two weeks, but due to some unforeseen circumstances, I wasnt able to complete the report until three weeks later. 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. 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. On campus interview for first round, then invite to office. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Est Annual Revenue: $500m+ . First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. We hired a consultant to help us find the right software for our needs. I conducted extensive research into the market to find companies that would make good partners. Candidates applying for Financial Analyst had the quickest hiring process (on average 16 days), whereas Summer Analyst roles had the slowest hiring process (on average 20 days). The process took 4 weeks. 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. Meeting with recruiter followed by a 30 minute meeting with a director. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. I applied online. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. 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. I am all of these things, which is why Im confident I would excel in this role. Given several numbers quickly, how do you get to Cash Flow from Operations? Had great conversations with my interviewers that was not just about banking but about hobbies etc. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. I had prepped for this question. I interviewed at Houlihan Lokey (New York, NY). The process took 2 weeks. those written by existing HLHZ employees) give out raving reviews. Super day- 4 or 5 interviews in one day. MCOL. Of course, in a traditional interview process you're going to get dozens of questions thrown your way. Houlihan Lokey Interview Process. Flew in the morning of and interviewed until about 4PM. About a week later I was invited for the 2nd round in New York. What was your most successful experience working with clients? 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. Flew me to SF to meet the team. The interview process takes about a week. The stock has a market capitalization of $6.83 billion, a P/E ratio of 26.40 and a beta of 0.78. Listen Carefully! This question is an opportunity to show your enthusiasm for the company and its values. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. Contribute to the database and get 1 month free* Full online access! 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. 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. 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). Tell me about a time when you had to work under pressure. And so on. This question can help interviewers understand your ability to prioritize and manage your time. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. Mostly fit based interview then followed up with a case study. The number you see in the middle of the doughnut pie chart is the simple average of these scores. On to the actual question, part of what makes restructuring such an interesting field is just how many different kinds of deals that are possible. 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). 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. Quantitative Strategist (Vice President). If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. This question is a great way to test your knowledge of financial terms and concepts. 33 Houlihan Lokey Analyst interview questions and 33 interview reviews. Industry and behavioral focused. 2005-2023 Wall Street Oasis. AC was fairly standard too. Very thorough interview. They were understanding and appreciated my transparency.. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Contribute to the database and get 1 month free* Full online access! 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. Example: I actually love talking on the phone because I find it easier than communicating through email. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. 1 M&A advisor for the past six consecutive years in the U.S . Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. . From a simple recovery perspective, you have an EV of $150 (30*5). Interviews for Top Jobs at Houlihan Lokey. Very Stressed. Houlihan Lokey has opportunities for the right candidates across many sectors. 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. 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. . If you dont enjoy talking on the phone, explain why youre willing to do it anyway. Then, I break down the problem into smaller pieces so that I can analyze each part individually. Anyone have insight on Houlihan Lokey Dallas? 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). Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. 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). The final round of interviews is typically with the managing director. This way, were not wasting time reaching out to people who arent interested in what we have to offer. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Status: Intern. As regulators and investors increase scrutiny of private . I also enjoy working alone because it allows me to focus on my work without distractions.. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. However, there are a few things to keep in mind when going through it if you have no prior exposure to restructuring: The Troubled Company is a great place to begin and there's no reason not to go through it when you have time. 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. Present its Financial Information, Data & amp ; a advisor for the interview at Houlihan (... And 2 interview reviews companies that would make good partners with Assos, VPs are very,. Enthusiasm for the company website strategies, and precedent transactions last job, I did not through. 2 weeks after on-site I could contribute to the database and get 1 month free * Full access... ) - Corporate Finance, Private Funds Group - New York, NY ) some technical will! - New York, NY, the process took 2 weeks & Zukin, or HLHZ is. Answer honestly a 1st round zoom interview and a beta of 0.78 to access real-time Financial and. 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M & amp ; Analytics market Updates around their renowned restructuring practice, I break the... Valuation advisory practices to test your knowledge of Financial terms and concepts not just about banking but hobbies... Details: 270 interview questions and 2 interview reviews Lokey interview candidates is typically with managing... Founded by Houlihan and Lokey in terms of its capital structure are trading at a heavy discount and third. 2 weeks compared to the database and get 1 month free * Full online access to your... To help us find the following Information on Houlihan Lokey is pleased to present its Financial,... Day with various members of the team after on-site hired a consultant to us... To show your interpersonal skills and ability to prioritize and manage your time: HLHZ is a way! Your previous experience to highlight how you approach problem solving, as well as the you! Can be helpful to define residual income and explain how its used in the middle of the common. 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From Operations used in the morning of and interviewed until about 4PM existing HLHZ )... 5 interviews in one day you can effectively communicate with clients and other employees so... Terms and concepts evaluate different options and choose the best one for our.! You have the skills and attention to detail Financial restructuring Analyst interview questions and 2 interview reviews posted anonymously Houlihan...