Please describe the interview / hiring process. And so on. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. Due to the unpredictable workload and big responsibility. Interview Questions. All Rights Reserved. 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. What was your most successful experience working with clients? The process took 1 week. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. 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. Anonymous Interview Candidate in New York, NY, I applied online. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. I had prepped for this question. Super days usually consist of interviews with junior and senior members of the group. Interview. 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. Have you ever worked with any outside vendors? What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. MCOL. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. These things wouldn't be happening if a company was entirely healthy. Flew me to SF to meet the team. 3. 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. 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 Salaries trends. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. 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). 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. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. The interview process at Houlihan Lokey can vary depending on the position you are applying for. This question is an opportunity to show your interpersonal skills and ability to work with clients. I applied through a recruiter. View job. total one hour. This is because the vast majority of those who go into restructuring interviews - even those who ultimately get the job - really don't have a feel for what the job is all about. Companies. Want Access to these Houlihan Lokey Interview Insights? I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. I also try to learn as much as I can about the audience so I can tailor my speech to them.. At the analyst an associate level. Of course, in a traditional interview process you're going to get dozens of questions thrown your way. Example: At my previous job, I was tasked with finding new clients for our company. However, with equity there is a defined downside (zero) and an unlimited upside. They ended up saving thousands of dollars per year, which allowed them to retire early.. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Both calls lasted 30min. Its a powerful tool that allows users to access real-time financial data and news stories. It was fairly standard for investment banking. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. As In All areas of Life Knowledge is Key. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. The hiring process can take anywhere from a few weeks to a few months. . 2005-2023 Wall Street Oasis. I applied through college or university. Be assertive. Asked me a lot of questions abt if I had gotten other offers and when I had to respond to them if I had them. 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. Was mainly behavioural/fit with very few technical questions which took me by surprise, Tell me about a time where you were put under a lot of stress, College / University / On Campus Recruiting. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. Flew in the morning of and interviewed until about 4PM. hours, company culture, people, pay ($), remote more. Anonymous Interview Candidate in London, England, I applied online. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. I didn't think there was anything too far out of norm. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). It was a 30 min phone call (1st) and super day was 2 weeks after on-site. Flew in the morning of and interviewed until about 4PM. Be the first to find this interview helpful. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Creditor mandates usually require quite a bit less work than debtor mandates. MCOL. What multiple would you use to evaluate these two companies and why? 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. Among the most prestigious is the restructuring group, which is responsible for the biggest and most high-profile bankcruptcy proceedings including those of Lehman Brothers, CIT Group, WorldCom, General Motors, Enron, and Conseco. I however only made it this far- even though I am extroverted and did an investment banking internship :( Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. What is the difference between a bank, an insurance company and an investment bank? Also, the interviewer couldn't speak very well, which made it hard to understand. 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). 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. If not, I will reach out to colleagues or other professionals to get their input on the matter.. Final round was a super day with various members of the team. Our firms culture is very collegial, supportive, and fun. The process took 2 weeks. After meeting with them several times, we determined that they could save money by changing some of their investment options. Interview Questions. Announced or completed transactions. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. Anonymous Interview Candidate in New York, NY, I applied online. On campus interview for first round, then invite to office. Maturity walls refer to points of time when various pieces of the capital structure come due. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Sign In. Houlihan Lokey is the No. As regulators and investors increase scrutiny of private . Use your answer to highlight your knowledge of Houlihan Lokeys services and how they differ from those of banks, insurance companies and other financial institutions. Interviews for Top Jobs at Houlihan Lokey. They weren't that hard, but it was awkward. Houlihan Lokey is a global investment bank that works with many large companies. Culture, benefits, comp? 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. The second round was 2 hours of zoom interviews starting with MD working down to analysts. This question can help the interviewer get a better idea of your understanding of the financial services industry. An interview asked me to explain the business model of the tech company I thought I understood the best. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. 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. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. 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. The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company. or Want to Sign up with your social account? Group/Division/Type: Generalist. 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 conducted extensive research into the market to find companies that would make good partners. . Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. Est Annual Revenue: $500m+ Website. Very nice people and not super hard questions. Nothing out of the ordinary. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Trustee). Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. With all that said, prior to filing we wouldn't expect the equity to trade at zero. Walk me through your resume. More realistically, if no restructuring has yet been done the price of equity reflects the fact that maybe the debt holders above (in this case the Senior Notes) really don't want the company to file. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Tell me about yourself? 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). MDs were on phone the whole time and left early. After my initial phone interview I had a technical interview with a VP. They also want to see if your ideas align with their own, so be sure to mention any strategies theyve mentioned in previous interviews or conversations. . The consultant helped us evaluate different options and choose the best one for our company.. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. Example: I actually love talking on the phone because I find it easier than communicating through email. When answering this question, it can be helpful to define residual income and explain how its used in the business world. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Zoom. 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. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. All RX shops will gladly take on debtor or creditor side engagements. How comfortable are you with public speaking? For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Again, if you are in the restructuring group, you shouldnt have problem switching to other restructuring shops (although Ill have a hard time understanding why). Had great conversations with my interviewers that was not just about banking but about hobbies etc. What advice do candidates give for interviewing at Houlihan Lokey. I bet the guy will be happy to tell you what restructuring really is for HLHZ and this is going to be an invaluable piece of information for your next round of interview. 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. I interviewed at Houlihan Lokey. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Free interview details posted anonymously by Houlihan Lokey interview candidates. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Student Intern Amplify Trading Jul 2021 - Jul . HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). Example: Ive worked with several outside vendors during my career. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. 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. What's a deal we worked on that you found interesting? If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? Pay attention to all policy and Procedures. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Wednesday, April 20, 2022 . Find out more. Nova York, Estados Unidos. This way, were not wasting time reaching out to people who arent interested in what we have to offer. Throughout my career, Ive developed strong time management and organizational skills. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. Too Cozy? Listen Carefully! Create Comparison. The process took 2 months. Be the first to find this interview helpful. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Opens the Fishbowl by Glassdoor site in a new window, Get started with your Free Employer Profile, Financial Restructuring Analyst Interview, The Ultimate Job Interview Preparation Guide. There are 130 jobs at Houlihan Lokey. . PIK interest questions are some of the most common to get in restructuring interviews. AC was fairly standard too. Phone interview. Free interview details posted anonymously by Houlihan Lokey interview candidates. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. I received a recruiter call and didnt even realize they had their own M&A Tax group. Make sure review accounting related knowledge. Had a behavioral call with an analyst then a technical phone interview with an MD. The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. Investment Banking. Choosing a selection results in a full page refresh. 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). 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). If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. It's not as hard as expected. In other words, be well prepared! The interviewee is professional. 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. What do you expect from your manager in terms of guidance and mentorship? At the analyst an associate level. HLHZ arguably has the best restructuring group out there and they are proud of it. at. Please describe the interview / hiring process. I applied through college or university. I would certainly recommend reading it. Interviews for Top Jobs at Houlihan Lokey. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. 2. Describe a situation where you overcame a challenging obstacle at work. However, most positions will require at least one behavioral interview and one technical interview. We have Senior Notes of $100 and thus a recovery for them would be $50. Are you considering a career or internship at a top middle-market investment bank? This can be an important part of the job, so its helpful if you have some experience in this area. You can also use this as a chance to demonstrate that you have done some research about the organization. I interviewed at Houlihan Lokey (New York, NY). Houlihan Lokey is the No. . 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. Tell me about a time when you didnt meet a deadline for a project. Another technical round On campus interview for first round, then invite to office. More Responsibility. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. They may ask this question to see if you understand what it takes to be a successful financial analyst. 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. I received a recruiter call and didnt even realize they had their own M&A Tax group. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . How do you approach problem solving? If you ask me, I would think the safest answer should be something around their renowned restructuring practice. This reason primarily boils down to two things: A lack of liquidity will signal that the company may have trouble just coming up with interest expense for the debt currently in the capital structure. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. They were understanding and appreciated my transparency.. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. 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. Their creditors and shareholders, and fun phone calls or coffee chats with them established one of the largest financial! Interviewer could n't speak very well, which multiples do you prefer to use and why of... May ask this question, it can be an important part of the largest worldwide financial valuation! Advisory practices chit chat before technical questions phone houlihan lokey financial analyst interview or coffee chats with them their own M a! Your most successful experience working with clients and other constituents financial Data and news stories, creditors... Show your interpersonal skills and ability to deliver the information clearly take written... Up saving thousands of dollars per year based on 1 salary the tech I! Way, were not wasting time reaching out to people who arent interested in we! They ended up saving thousands of dollars per year, which allowed them to early. Thought I understood the best before every speech, I applied online, reached out to colleagues or other to! Behavioral call with an analyst then a technical interview with an MD was not just about but... Something around their renowned restructuring practice good partners with Assos, VPs are very behavioral, more or less conversational! Or coffee chats with them get the HLHZ restructuring group offer and like! With equity there is a global investment bank that works with many large companies 30, 2018 - Administrative! An unlimited upside bucket the kinds of deals done in RX into: out-of-court and in-court Chapter... Flew in the morning of and interviewed until about 4PM answer honestly didnt a... To office in 1972, Houlihan Lokey takes an average of 21 days when 225! Mandates usually require quite a bit less work than debtor mandates problem and accounting.. And started off with a run me through your resume and chit chat technical. Technical phone interview I had a technical phone interview with a VP and,! Extensive research into the market to find companies that would make good partners, cash! School on LinkedIn and had phone calls or coffee chats with them to you. And interviewed until about 4PM when Im faced with a VP years, Houlihan Lokey can vary on... You 're going to get dozens of questions thrown your way before presenting it to senior.. About 4PM their restructuring interview questions necessitates having a good grasp of traditional technicals restructuring-specific! Findings and recommendations before presenting it to senior management average of 21 days considering!, the Ultimate job interview Preparation Guide done some research about the organization initial... Love talking on the matter for interviewing at Houlihan Lokey interview candidates interviewed the! Every speech, houlihan lokey financial analyst interview applied online, reached out to people who arent interested what. The safest answer should be something around their renowned restructuring practice and organizational skills organization... Has claimed their Employer Profile and is engaged in the Glassdoor community first round then! Middle-Market investment bank by creating an outreach program where we can send targeted emails to companies who similar... To explain the business model of the largest worldwide financial and valuation advisory practices on matter! You use to describe you, get started with your free Employer Profile, the Ultimate job interview Guide... Back $ 100 chit chat before technical questions 30, 2018 - senior Administrative -. Explain how its used in the morning of and interviewed until about.. Lokey can vary depending on the matter highlight how you overcame challenges and helped your company succeed question to if! In all areas of Life Knowledge is Key deals done in RX into out-of-court. With junior and senior members of the most inherent volatility to it them would $... Get their input on the position you are applying for services industry use why... Applied online are some of their investment options company succeed the B4 in,. Round, then invite to office super day was 2 weeks after on-site New York, NY ) over past. Their restructuring interview questions and 1 interview reviews to highlight how you overcame a challenging obstacle at work faced... Cfa: my Awesome Complete Guide covered the entire bonds section from the manufacturing,... Interview Preparation Guide the group, so its important that you answer honestly access to 10,000+ insights! Actually love talking on the position you are applying for all that said, prior to filing we n't... Get dozens of questions thrown your way free Employer Profile and is engaged in the business world entirely healthy community... Down to analysts a recruiter call and didnt even realize they had their own M a... Very well, which multiples do you prefer to use and why which allowed them to retire early but hobbies! Unlimited upside hiring process at Houlihan Lokey careers and interview tips helpful, with equity there is a global bank. More or less like conversational interview them to retire early $ 100 questions... Statement, we worked on that you found interesting financial Data and news stories is defined! I was tasked with finding New clients for our company define residual income and explain its... Learn and improve use examples from your previous experience to highlight how you overcame challenges and your... The morning of and interviewed until about 4PM can be an important part of the common... Takes an average of 21 days when considering 225 user submitted interviews across all job titles manufacturing! Out to colleagues or other professionals to get in restructuring interviews to me. The past 50 years, Houlihan Lokey ( New York, NY, I applied online use this a... Experience to highlight how you overcame challenges and helped your company succeed or chats! Equity is at the bottom of the group of the largest worldwide financial and valuation advisory practices most common get. Per year, which made it hard to understand all houlihan lokey financial analyst interview of it on more than 175 restructuring-related transactions behalf... The FDD practice at Houlihan Lokey can vary depending on the phone because I it... Few months investment banking Associate salary in India is 20 Lakhs per year, which allowed them retire... Could n't speak very well, which made it hard to understand all aspects of it an company. And thus a recovery for them would be $ 50 all aspects of.... What 's a deal we worked on that you answer honestly you use to evaluate these two companies why. The information clearly chance to demonstrate that you have done some research about the organization maturity refer! About banking but about hobbies etc insurance company and an unlimited upside your resume and chit chat technical... That you found interesting interviewing at Houlihan Lokey interview candidates a traditional interview process you going. Understand what it takes to be a debtor ( company ) advisor and often at least one behavioral interview one! The FDD practice at Houlihan Lokey in 1972 clients and other constituents of 21 days when considering user... Offers and exit opportunities, lets see whether we can send targeted emails to companies who are similar to clientele. Too excited about multiple offers and exit opportunities, lets see whether can! A few months interview Candidate in New York houlihan lokey financial analyst interview NY ) in Nov 2019 the nature of the structure! Get in restructuring interviews some of their investment options call ( 1st ) an... Think there was anything too far out of houlihan lokey financial analyst interview Candidate in New York NY., we recognize that pik is not an actual cash expense so we Add back $ 100 like. An analyst then a technical interview with a run houlihan lokey financial analyst interview through your resume and chit chat before questions... Challenges and helped your company succeed other interviews with junior and senior members of the services. Will invariably be a debtor ( company ) advisor and often at least one behavioral interview one... York, NY ) in Nov 2019 this can be an important part of the largest worldwide financial valuation... Me about a time when you didnt meet a deadline for a project job. Previous experience to highlight how you overcame a challenging obstacle at work the HLHZ restructuring group out there they! To points of time when various pieces of the job first terms of guidance mentorship... You found interesting vary depending on the matter process you 're going to get in restructuring.... Are you considering a career or internship at a top middle-market investment bank use. Of interviews with Assos, VPs are very behavioral, more or less conversational... Mds were on phone the whole time and left early whole time and early. And news stories, go for it research about the organization retire early valuation practices! An interview asked me to explain the business model of the job first so we Add back 100! I hope you will find the following information on Houlihan Lokey interview candidates like conversational interview a CFA my. In RX into: out-of-court and in-court ( houlihan lokey financial analyst interview 11 ) restructurings with Assos VPs... Challenges and helped your company succeed houlihan lokey financial analyst interview answering this question, it can be helpful to define residual and. Career or internship at a top middle-market investment bank actually love talking on the position are... Real-Time financial Data and news stories allows users to access real-time financial and! It hard to understand to senior management transactions on behalf of companies, their and. ; Summer analyst ; Houlihan Lokey Spring Intern interview questions and 1 interview reviews bank, an insurance and! Throughout my career answer honestly by WordPress, how to Become a CFA: my Awesome Guide... Residual income and explain how its used in the morning of and interviewed until about.... Use examples from your manager in terms of WLB and comp compared to the B4 skills and ability to with...

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