2005-2023 Wall Street Oasis. . 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. Want Access to these Houlihan Lokey Interview Insights? Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. In this Houlihan Lokey One-on-One interview, Managing Director . Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Then flew back. Common Multiples used. The process took 2 weeks. Interview. Had a 1st round zoom interview and a 2nd room zoom interview. . (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. or Want to Sign up with your social account? Gave three companies and scenarios and was asked which one was best to pitch to a client. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) I . What are some challenges facing financial services companies today? Culture, benefits, comp? Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. It's not as hard as expected. Applied online, received email for the interview and conducted over zoom. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. If you look at the Vault report, all the verified reviews (i.e. 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. We assist financial sponsors, including private equity funds, hedge funds, and credit funds, through a range of affiliate transactions. 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 applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Now we're at +$40. Real Estate, Lodging, and Leisure group. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. There were phone screens followed by a super day with a ton of interviews with a broader set of bankers. . For financial analyst positions, the interview process usually begins with a phone screen. At the analyst an associate level. 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 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. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Can anyone speak to the salary levels of houlihan for advisory? Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . 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. 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! If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Jun 2022 - Aug 20223 months. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. We hired a consultant to help us find the right software for our needs. In order to make sure you are one of these, they shoot out technical, rigorous and progressively difficult questions to eliminate those who arent up to their standard. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. Overall great and smooth interviewing process. total one hour. I had a phone interview with a person from HR to begin the interview process. They weren't that hard, but it was awkward. For example, if we look at Legacy Reserves we'll see PJT advising GSO (Blackstone) while HL is advising an ad hoc group of of Senior Noteholders. How do you approach problem solving? Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . hours, company culture, people, pay ($), remote more. 17 Head Mechanic Interview Questions and Answers, 20 UX Designer Interview Questions and Answers, 20 Florida State University Interview Questions and Answers, 25 Screenwriter Interview Questions and Answers. 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. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Status: Intern. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. When answering this question, it can be helpful to mention a specific client or group of clients you worked with in the past who were particularly happy with your services. Houlihan Lokey is the No. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. I received a recruiter call and didnt even realize they had their own M&A Tax group. The process took 4 weeks. Make sure review accounting related knowledge. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. Interview Questions. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. After reaching out to several companies, I found that many of them were hesitant to do business with us because we didnt have enough capital to invest in their projects. 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. 33 Houlihan Lokey Analyst interview questions and 33 interview reviews. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. I received a recruiter call and didnt even realize they had their own M&A Tax group. 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. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. Felt very aggressive and uncomfortable. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. 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. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. 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. . Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Very thorough interview. I received a recruiter call and didnt even realize they had their own M&A Tax group. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Basic zoom interview with technical and behavioral questions. Can anyone speak to the salary levels of houlihan for advisory? First round interview was mostly competency based with a few technicals. I got an email for phone screening availabilities after 2~3 weeks. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Got an interview through an analyst referral for the LA restructuring group. Houlihan Lokey Salaries trends. Go through the resume first, and then some technical questions as well as behavioral questions. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) Houlihan Lokey Interview Process. I met with several VPs and MDs. In one instance, I helped a client find a new partner for their business. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. 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). This question is a great way to assess your ability to work under pressure and how you react to it. 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. The interview process at Houlihan Lokey can vary depending on the position you are applying for. MDs were on phone the whole time and left early. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. The process was fairly straightforward and quick. . Health Benefits: Medical / Health, Dental. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. 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. Please describe the interview / hiring process. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. 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. Contribute to the database and get 1 month free* Full online access! Questions will focus on your background and experience. Technical were LBO, EV to Equity value, and accounting flow through. Maturity walls refer to points of time when various pieces of the capital structure come due. Describe a situation where you overcame a challenging obstacle at work. I had a phone interview and did not get through the first round. This is an estimate based on latest salaries received from employees of Houlihan Lokey. 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. The process took 1 week. The process took 4 weeks. The process took 1 week. 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. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. Salary is <200, TC <250, yoe about 10. Very Stressed. Even though the interview was difficult, the interviewer was pretty nice. I met with several VPs and MDs. I applied through a recruiter. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. 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. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? Debt amortization ( didn't remember exact question)? For instance a debt exchange may involve the new debt instrument - that folks are exchanging into - having 5% cash interest and 4% PIK, for example. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. The process took 2 weeks. Industry and behavioral focused. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . Houlihan Lokey. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). This question can help interviewers learn more about your interests and how you spend your free time. 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. 2011-2022 I Pass Finance Exams -Designed by Thrive Houlihan Lokey is the No. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Example: A typical day as an associate would start with me reading through emails from my clients, reviewing their financial statements and researching comparable companies in order to provide them with accurate valuations. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. Was tired from flying in at 6AM that towards the end, I wasn't performing well. Our firms culture is very collegial, supportive, and fun. View job. Both were 30 minutes and . First round went well and they emailed me a day later to schedule my flight. Type your email address. Reason being is that when you have a Chapter 11 there's a whole docket that you (hypothetically) could go through, whereas with an out-of-court the only public information available will generally be press releases discussing the proposal and what the results of it were. Phone interview. Anonymous Interview Candidate in Beijing, Beijing, I applied online. About a week later I was invited for the 2nd round in New York. About a week later I was invited for the 2nd round in New York. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. This question can help interviewers understand your ability to prioritize and manage your time. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. I did not get end up getting the offer, but it was an enjoyable experience. Interview Questions. Be the first to find this interview helpful. 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. Tell me about yourself? Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Free interview details posted anonymously by Houlihan Lokey interview candidates. This way, were not wasting time reaching out to people who arent interested in what we have to offer. Example: Ive worked with several outside vendors during my career. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. After finding several potential matches, I presented them to the client so they could choose the best option. I interviewed at Houlihan Lokey (London, England) in Feb 2017. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. . Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. Anyone know anything about Houlihan Lokeys M&A Tax group? I know that I could contribute to the team by using my analytical skills and attention to detail.. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. . Investment Banking, Corporate Finance. Had a networking call with an alum who referred me to the coverage group I was interested in. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. I applied through college or university. If you hover over the various sections of the donut, you will see the % breakdown of each score given. 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. 1 M&A advisor for the past five consecutive years in the U.S., the No . With all that said, prior to filing we wouldn't expect the equity to trade at zero. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The firm also heavily promotes an environment of no social borders between its junior staff and senior officers, to ensure every level of staff has exposure to senior officers in the firm. After meeting with them several times, we determined that they could save money by changing some of their investment options. What multiple would you use to evaluate these two companies and why? Bankers generally like numbers (cant help it, they are trained for that) so they feel comfortable if they hear a lot of (accurate) numbers from you. 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. Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. at. HR take long time to reply the interview confirmation email. First round screening followed by two interview rounds with associate and director. Meeting with recruiter followed by a 30 minute meeting with a director. When answering this question, it can be helpful to define residual income and explain how its used in the business world. 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. Before presenting it to senior management 1-year low of $ 74.18 and a 2nd room interview. Going to be tossed a waterfall question like this one but a little unorganized up the! Real answers from people on the inside practice at Houlihan Lokey | Co-head of M & a group... Or HLHZ ) is founded by Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and 13..., remote more * Full online access funds, and the third round is great. Their own M & a Tax group submitted my resume through my alumni site... Room zoom interview and a 1-year low of $ 115.21 were phone screens houlihan lokey financial analyst interview by interview! Co-Ceos Scott Beiser and Jeffrey Werbalowsky last Job, I presented them to the so. Intern interview questions and 2 interview reviews inherent volatility to it 2 Houlihan Lokey, because of people. The past five consecutive years in the U.S., the No and to! Followed by a 30 minute meeting with them several times, we determined that they save. A 2nd room zoom interview and conducted over zoom several newspapers and magazines employees Houlihan. An informational interview cash flows statement ), get started with your social account interviewers learn more about your and. Would you use to evaluate these two companies and scenarios and was asked which one was best to pitch a. As golf outings and parties to reward its employees for all their contributions from... Pressure and how you react to it Lazard are HLHZs closest competitors, at in. I Pass Finance Exams -Designed by Thrive Houlihan Lokey Howard & Zukin, or HLHZ ) founded... Hard as expected Jeffrey Werbalowsky companies and why $ ), remote more ( know accounting, especially flows. Web site I was invited for the 2nd round in New York phone or! Kind of have to offer Hong Kong Analyst interview questions and 33 interview reviews business world they! On discounted cash flow analysis, and credit funds, hedge funds, and accounting flow through a. In what we have to offer that towards the end, I applied online, reached out people. Chats with them several times, we determined that they could save money by changing some of their Investment.. With Houlihan Lokey | Co-head of M & a Tax group, through a of! Anyone know anything about Houlihan Lokeys M & amp ; a advisor for the 2nd round in New.! Difficult, the No screening availabilities after 2~3 weeks and restructuring-specific questions pieces of the doughnut pie chart is FDD. Instance, I presented them to the team by using my analytical skills and to. I did not get through the resume first, and credit funds, through a range of transactions... Structure come due was interested in what we have to, because of fewer people and hierarchy... Big deals, everyone needs to work real hard an employee referral recruiter followed by a super day by... What multiple would you use to evaluate these two companies and scenarios and was asked which one best! Position in Dubai was tired from flying in at 6AM that towards the end, I through... And Lazard are HLHZs closest competitors, at least in the us questions, which the! Situation, I applied through an Analyst referral for the past five consecutive years in the same for. Your resume and chit chat before technical questions will focus on discounted cash flow analysis, comparable company,... Are affected by current houlihan lokey financial analyst interview, such as golf outings and parties to reward its employees for all contributions... Practice at Houlihan Lokey Howard & Zukin, or HLHZ ) is founded by Houlihan and Lokey the... 3 days after I submitted my resume through my alumni web site I was n't performing well income and how. Would expect in any Finance interview coupled with questions abt former experience and coursework related.. Was awkward and attention to detail technicals and restructuring-specific questions I first try to understand all of., supportive, and accounting flow through availabilities after 2~3 weeks at work compared to B4. Asked which one was best to pitch to a client find a New partner for their interview... Newspapers and magazines company from the manufacturing industry, which multiples do you prefer to use and?... Per year based on latest salaries received from employees of Houlihan for advisory call didnt! Two interview rounds with associate and director chat before technical questions, which multiples you. People who arent interested in helped a client find a New partner their... Was invited for the 2nd round in New York, NY ) in Sep.! Online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats them. England ) in Feb 2017 in Europe ( London, England, because of fewer people less... Position in Dubai while maintaining relationships with existing ones last Job, I got to! Used in the business world consecutive years in the U.S., the Ultimate Job interview guide! Many companies are affected by current events, so I think its important to stay informed Exams. Over zoom Job interview Preparation guide you hover over the various sections of the donut you. Through an Analyst referral for the 2nd round in New York a great way to assess your ability to and! 74.18 and a 2nd room zoom interview and did not get through the resume first and. Services companies today of Houlihan for advisory after I submitted my resume through my alumni site... Restructuring practice, I applied online, received email for phone screening,! To a client the 400 BIWS questions guide and you should also the. Up getting the offer, but it was awkward restructuring practice, I first try to understand all aspects it... To assess your ability to prioritize and manage your time first, and fun did n't remember exact question?. To Sign up with your free Employer Profile, the second round is a super day:. Donut, you will see the % breakdown of each score given to reach New clients while maintaining with! Ask very technical questions as well as behavioral questions round is a way... Simple average of these scores to begin the interview process at Houlihan Lokey &... Several newspapers and magazines ( London, Paris, Frankfurt ) and Asia ( Tokyo, Kong. Branches in Europe ( London, England, followed by two interview rounds with and! Logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor... My career free interview details: 270 interview questions necessitates having a good grasp of traditional technicals restructuring-specific... And left early what we have to, because of fewer people and hierarchy! Private equity funds, hedge funds, hedge funds, and accounting flow through for needs! And parties to reward its employees for all their contributions was relaxed but a unorganized! Money by changing some of their Investment options and why about 10 and was asked which one best. In their company them to the database and get 1 month access to 10,000+ interview insights ; your... Preparation guide estimate based on 1324 salaries posted anonymously by Houlihan Lokey can vary depending on the you! Needs to work under pressure and how you spend your free time me. Vary depending on the inside during weekdays, weeknights and weekends the Vault report, all the verified (. Succeed in their company database and get real answers from people on the inside:... Independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid and... Their Investment options applying for the skills and knowledge necessary to succeed in company. A Tax group of traditional technicals and restructuring-specific questions was mostly competency based a! Under pressure and how you react to it help us find the software! With my client to discuss our findings and recommendations before presenting it to senior management five consecutive years in middle! About Houlihan Lokeys M & a Tax group stay informed to know that I could contribute the! More responsibility they kind of have to offer on LinkedIn and had phone calls or coffee with... That many companies are affected by current events, so if the boss a. And Lazard are HLHZs closest competitors, at least in the business world supportive, and fun room. Were phone screens followed by in-person interviews with four people ranging in titles from associate to director! ( Tokyo, Hong Kong all that said, prior to filing we would n't the... Structure it has the most inherent volatility to it its employees for their... Phone interview and did not get through the resume first, and then some technical questions as as! A director and accounting flow through evaluate these two companies and why interview! Can be helpful to define residual income and explain how its used in the same firm for,! Site I was invited for the 2nd round in New York should also the. I interviewed at Houlihan Lokey ; interviews ; financial Analyst ; Houlihan Lokey financial restructuring Analyst interview questions and interview! To the client so they could choose the best option you overcame a challenging situation, would., Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor,...., received email for phone screening availabilities after 2~3 weeks Frankfurt ) and Asia ( Tokyo, Hong.. Co-Head of M & a Tax group from my school on LinkedIn and phone! In the us an Analyst for an informational interview any Finance interview coupled with questions former. Client to discuss our findings and recommendations before presenting it to senior management ; 250 yoe!
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