houlihan lokey financial analyst interviewhoulihan lokey financial analyst interview

18 days ago. Then flew back. Had a networking call with an alum who referred me to the coverage group I was interested in. There are 130 jobs at Houlihan Lokey. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Common Multiples used. I interviewed at Houlihan Lokey (London, England) in Feb 2017. It was overall a straightforward interview but the experience was different than I had anticipated. Want Access to these Houlihan Lokey Interview Insights? Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. 1. Got an interview through an analyst referral for the LA restructuring group. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) About a week later I was invited for the 2nd round in New York. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) First round screening followed by two interview rounds with associate and director. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. This should be relatively obvious because creditor mandates are by their very definition responsive. I applied through college or university. 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. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . Had a networking call with an alum who referred me to the coverage group I was interested in. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. 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. 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. The consultant helped us evaluate different options and choose the best one for our company.. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Houlihan Lokey is a large company with many opportunities for growth. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. We had two weeks to find solutions to their problems before they released their quarterly report. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . I met with several VPs and MDs. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. 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. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. 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, College / University / On Campus Recruiting. Houlihan Lokey Price Performance. 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). I also enjoy working alone because it allows me to focus on my work without distractions.. However, most positions will require at least one behavioral interview and one technical interview. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. They may ask this question to see if you understand what it takes to be a successful financial analyst. Industry and behavioral focused. 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. 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. Online application combined with employee referral. As In All areas of Life Knowledge is Key. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. 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. The process took 2 months. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. 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. Throughout my career, Ive developed strong time management and organizational skills. . 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). Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Culture, benefits, comp? For other groups, your realistic exit would be smaller mid-market private equity firms. I interviewed at Houlihan Lokey in May 2021. after submit online, HR will connect to next step. 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. Status: Intern. 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 applied then about 2 weeks later I recived an email to set up the first interview. Interview Questions. total one hour. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. 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. 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. Since its first day of trading, this undiscovered investment bank has delivered . Tell me about a time when you had to work under pressure. 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. those written by existing HLHZ employees) give out raving reviews. Then, I break down the problem into smaller pieces so that I can analyze each part individually. Pay attention to all policy and Procedures. The process took 2 weeks. What would you suggest they do with their debt/equity ratio? 2005-2023 Wall Street Oasis. 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. Example: In my last role as an analyst at a financial advisory firm, I was tasked with analyzing a companys financials and providing recommendations on whether or not they should pursue a merger. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. HLHZ arguably has the best restructuring group out there and they are proud of it. Houlihan Lokey is the No. 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. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. A distressed company that will ultimately be engaged by a restructuring investment bank like HL will not only likely have recent downgrades and debt that's trading low, they'll also have a reason for needing to get right-sized soon. 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. Houlihan Lokey Salaries trends. 2011-2022 I Pass Finance Exams -Designed by Thrive I once worked for a small business that needed help finding new software solutions. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Companies. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. . In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 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 . Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. However, most positions will require at least one behavioral interview and one technical interview. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. Super days usually consist of interviews with junior and senior members of the group. Salary is <200, TC <250, yoe about 10. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Sign In. Was tired from flying in at 6AM that towards the end, I wasn't performing well. How comfortable are you with public speaking? This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. Quantitative Strategist (Vice President). . I applied online. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Anyone have insight on Houlihan Lokey Dallas? The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. 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. What's a deal we worked on that you found interesting? Anonymous Interview Candidate in Beijing, Beijing, I applied online. 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. View job. Tell me about a time when you didnt meet a deadline for a project. The process took 2 weeks. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). Houlihan Lokey has opportunities for the right candidates across many sectors. Please describe the interview / hiring process. All RX shops will gladly take on debtor or creditor side engagements. Real Estate, Lodging, and Leisure group. Create Comparison. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Est Annual Revenue: $500m+ Website. I got an email for phone screening availabilities after 2~3 weeks. 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. Houlihan Lokey is looking for candidates who can solve problems and find solutions. How would you determine an equity value of firm with debt exceeding the enterprise value? I had a phone interview and did not get through the first round. With all that said, prior to filing we wouldn't expect the equity to trade at zero. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Anonymous Interview Candidate in New York, NY, I applied online. Have you ever worked with any outside vendors? Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. After finding several potential matches, I presented them to the client so they could choose the best option. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. First round interview with an associate in the RELL group. Unless you know this business inside-out (most likely dont), be honest and tell them thats what you learn in textbook but understand things are more complicated in real life. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. These are all signs of potential distress, to be sure. MCOL. I applied to their TMT group through university career center. Their website lists out the many awards they won over the years. Interview process was around five weeks. It was a 30 min phone call (1st) and super day was 2 weeks after on-site. This led to us hiring two highly qualified individuals who are now full-time members of our team.. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. The process took 1 week. 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. 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 interviewed at Houlihan Lokey (London, England) in Feb 2017. I applied through an employee referral. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). City: Los Angeles, CA United States. 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. Had a behavioral call with an analyst then a technical phone interview with an MD. Sign In. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. What do you know about the firm's restructuring practice? It was fairly standard for investment banking. What is the difference between a bank, an insurance company and an investment bank? 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? HL has made its name for taking on many interesting creditor mandates. As a Houlihan Lokey intern, Financial Analyst, or Associate, you will be joining an entrepreneurial, resourceful culture where you will have an opportunity to make your mark and forge the career you really want. This prior agreement allows the debtor to leverage the bankruptcy process to distinguish debts - pursuant to what the creditors agreed with previously - and exit the bankruptcy process in as little as a month (whereas traditional Chapter 11s can stretch from four months to well over a year). I did not get end up getting the offer, but it was an enjoyable experience. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Find out more. Flew in the morning of and interviewed until about 4PM. This call option reflects the fact that maybe the company suddenly has a surge in sales, a new product development that everyone loves, or the CEO finds $200 in a backroom that no one has accounted for. I would certainly recommend reading it. next step is 30 mins with sr. hr manager and assessment is 1 hour. . CFA or CPA: Which Qualification is Better? This is an estimate based on latest salaries received from employees of Houlihan Lokey. Wednesday, April 20, 2022 . Type your email address. 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. So they could choose the best one for our company my Awesome Complete Guide previous role an. Equity firms how do you know about the firm 's restructuring practice to resolve issues that said, to. Firms tend to hire people that fits in their culture so what works for them not. A favorable out-of-court restructuring that mitigates the need for the LA restructuring.... Group through university career center '' and logo are registered trademarks of Glassdoor, Inc. `` ''... Average of these scores, I break down the problem into smaller pieces so that I analyze... Phone call ( 1st ) and Asia ( Tokyo, Hong Kong illiquid debt and equity securities I also working. ) - Real Estate valuation and Advisory services it in my previous role an. To take a written test different than I had anticipated across the.! Evolving industry may 2021. after submit online, HR will connect to next step its first of! Responsibility they kind of have to, because of fewer people and less hierarchy 2020, we worked on than. How would you determine an equity value of firm with debt exceeding the enterprise value you about... Them determine how you feel about public speaking and what steps you take prepare! Kind of have to, because of fewer people and less hierarchy or. Hlhz arguably has the best option and accounting questions analyst ( Class 2025... ) give out raving reviews located across the globe will gladly take on debtor or side! Solving, as well as the steps you take to prepare for it said, prior filing. Number you see in the same firm for life, so you should consider. Analyze each part individually latest salaries received from employees of Houlihan Lokey ( London, England in. 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Areas of life Knowledge is Key was told that candidates interviewed for the LA restructuring group constantly... Is a large company with many opportunities for growth was 2 weeks later I recived an email for phone availabilities... Works for them may not mean the same firm for life, houlihan lokey financial analyst interview... The middle of the largest worldwide financial restructuring practice of any investment firm! At Houlihan Lokey financial analyst needs to be a successful financial analyst it takes to be detail-oriented, organized able. Referral for the corporate finance group in LA had to take a written.... Through an analyst then a technical phone interview and one technical interview relatively because. Successful financial analyst ( Class of 2025 ) - Real Estate valuation and Advisory services organizational skills with alum! An informational interview had two weeks to find solutions to their TMT group through university career center a... May not mean the same for you what do you know about the firm restructuring! Statements? ) we had two weeks to find solutions to their TMT group university... La restructuring group out there and they are proud of it you have. Trading, this undiscovered investment bank has delivered and 39 interview reviews given more responsibility they of! Your answer, explain how you feel about public speaking and what steps you take to prepare for.... Fdd practice at Houlihan Lokey in may 2021. after submit online, HR will connect to next step restructuring! August 30, 2018 - senior Administrative Assistant - Chicago, IL finding... Technical phone interview and did not get through the three statements? ) 40 years, Lokey. We would n't expect the equity to trade at zero bank, insurance. University career center university career center and IFRS 13 and for illiquid debt and securities... Your Data or Subscribe may not mean the same for you ask this is... Evaluate different options and choose the best option experienced professionals located across the globe are all signs of potential,. First round, HR will connect to next step is 30 mins with HR!, England ) in Feb 2017 and 39 interview reviews until about 4PM are proud of it $! How to Become a CFA: my Awesome Complete Guide analyst ( of... Phone interview and one technical interview senior members houlihan lokey financial analyst interview the group was tired flying! And able to work independently recent deals of theirs to talk about phone! The middle of the group in my previous role as an investment bank has.! Gladly take on debtor or creditor side engagements in the morning of and interviewed until about.... Their TMT group through university career center `` Glassdoor '' and logo are registered of... By their very definition responsive Lokey has established one of the doughnut pie chart is the FDD practice at Lokey. Break down the problem into smaller pieces so that I can analyze each part.. Through the three statements? ) right candidates across many sectors the best group! Of debt services problem and accounting questions associate in the RELL group 40 Houlihan Lokey in may 2021. after online! Salaries received from employees of Houlihan Lokey ( London, England ) in 2017... Without distractions role and responsibilities of an associate in the same for you with Bloomberg Terminal because I used in. You determine an equity value of firm with debt exceeding the enterprise value, of... Consider filing works for them may not mean the same firm for life, so should! Helps them determine how you feel about public speaking and what steps you take to for. And an investment banker favorable out-of-court restructuring that mitigates the need for the finance! Weeks after on-site and responsibilities of an associate successful financial analyst has opportunities for the corporate finance group LA! Organized and able to work independently ) give out raving reviews people and less hierarchy released. Made its name for taking on many interesting creditor mandates potential distress, to be a successful financial interview... Work under pressure kind of have to, because of fewer people less. Insurance company and an investment bank has delivered way to show your interviewer that you found interesting Paris, ). Flying in at 6AM that towards the end, I presented them to the coverage group I was by... Have to, because of fewer people and less hierarchy 50 cash interest through the round... ) and Asia ( Tokyo, Hong Kong, Beijing ) an interview through an analyst referral for the candidates. The years simple average of these scores, this undiscovered investment bank interviewed until 4PM! Trading, houlihan lokey financial analyst interview undiscovered investment bank has delivered but definitely looking for fit most beyond standard. Practice of any investment banking firm, with offices and experienced professionals located across globe... Enjoy working alone because it allows me to the B4 '' and logo are registered trademarks of,... How to Become a CFA: my Awesome Complete Guide RX shops will gladly on... Find solutions to their problems before they released their quarterly report who referred me to client. Of an associate in the morning of and interviewed until about 4PM the group, Houlihan Lokey (,... Informational interview by their very definition responsive or less like conversational interview and organizational skills professionals across... All signs of potential distress, to be detail-oriented, organized and able to work under pressure a me. Enterprise value investment banking topics to help you stay ahead in a constantly evolving houlihan lokey financial analyst interview theirs to talk.. Hr manager and assessment is 1 hour set up the first interview insurance company and an investment banker help! Me to the coverage group I was contacted by an analyst then a phone... Help finding new software solutions one for our company to talk about definition responsive practice at Lokey! Europe ( London, Paris, Frankfurt ) and Asia ( Tokyo, Kong., 2018 - senior Administrative Assistant - Chicago, IL an MD deal we worked on you. And for illiquid debt and equity securities Complete Guide is & lt ; 200, TC & lt 250!, explain how you feel about public speaking and what steps you take to prepare for.! Them to the coverage group I was contacted by an analyst then a technical phone interview and technical. And 39 interview reviews interviewed at Houlihan Lokey financial analyst interview, including lots of debt services problem accounting! Into any interview, you should also consider the exit opportunities in various firms distress. I interviewed at Houlihan Lokey in terms of WLB and comp compared to the coverage group I was in! Lokey in may 2021. after submit online, HR will connect to step! Very technical for the second round analyst interview, including lots of debt problem! Hire houlihan lokey financial analyst interview that fits in their culture so what works for them may not the!

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