In-person Superday. They agreed, and it helped us grow our client base.. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. Given several numbers quickly, how do you get to Cash Flow from Operations? Listen Carefully! This question is a great way to assess your ability to work under pressure and how you react to it. 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. Nearly every restructuring is slightly different and things get complicated quite fast. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. Anyone know anything about Houlihan Lokeys M&A Tax group? Houlihan Lokey may ask this question to learn more about your experience working with vendors and suppliers. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. I applied through an employee referral. 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. Nothing like M&I guide. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. The process took 2 weeks. Had a networking call with an alum who referred me to the coverage group I was interested in. For healthy companies, these don't matter too much. I did not get end up getting the offer, but it was an enjoyable experience. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. The interview process at Houlihan Lokey can vary depending on the position you are applying for. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. The process was fairly simple. 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. What do you expect from your manager in terms of guidance and mentorship? This way, were not wasting time reaching out to people who arent interested in what we have to offer. HR take long time to reply the interview confirmation email. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. 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. Status: Intern. Companies. Maturity walls refer to points of time when various pieces of the capital structure come due. About a week later I was invited for the 2nd round in New York. Industry and behavioral focused. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. The hiring process can take anywhere from a few weeks to a few months. Then flew back. 3. 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. That fully covers the TLA with $50 remaining. or Want to Sign up with your social account? Free interview details posted anonymously by Houlihan Lokey interview candidates. If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. Now we're at +$40. Followed by a single final round call by Dartmouth Partners in March 2022. All RX shops will gladly take on debtor or creditor side engagements. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. It's not as hard as expected. 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. Make sure review accounting related knowledge. I however only made it this far- even though I am extroverted and did an investment banking internship :( 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. I interviewed at Houlihan Lokey (London, England) in Feb 2017. 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. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) 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. Why HL? I met with several VPs and MDs. Interviews for Top Jobs at Houlihan Lokey. ), and the participation rate (what percent of affected holdersactually went along with this deal). 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. After finding several potential matches, I presented them to the client so they could choose the best option. Culture, benefits, comp? There are 130 jobs at Houlihan Lokey. 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 firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. They ended up saving thousands of dollars per year, which allowed them to retire early.. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. 18 days ago. . Hiring managers want to know that you have a plan for growing the company and increasing revenue. What advice do candidates give for interviewing at Houlihan Lokey. 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. 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. All Rights Reserved. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Anyone have insight on Houlihan Lokey Dallas? Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. Houlihan Lokey is looking for candidates who can solve problems and find solutions. How do you approach problem solving? Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. 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. 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. Very thorough interview. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. . The first interview was 25 min and was small talk and 3 technical. Explain residual income and its importance. Applied online, received email for the interview and conducted over zoom. It's not as hard as expected. However, most positions will require at least one behavioral interview and one technical interview. I didn't think there was anything too far out of norm. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. At the analyst an associate level. Interview Questions. What makes you like investment banking? Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. In one instance, I helped a client find a new partner for their business. Want Access to these Houlihan Lokey Interview Insights? You can also use this as a chance to demonstrate that you have done some research about the organization. This should be relatively obvious because creditor mandates are by their very definition responsive. Of course, I should make clear that part of the reason why certain tranches of debt are trading low in the first place could be because maturity walls are coming up, the coming has limited liquidity, and the market is pricing in the need for there to be some kind of restructuring in the future. next step is 30 mins with sr. hr manager and assessment is 1 hour. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. Nova York, Estados Unidos. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . Interview. Obviously the reason why PIK is usedis to try to keep the amount of cash interest flying out the door to a minimum thus protecting the likely already fragile liquidity position of the company. I interviewed at Houlihan Lokey (New York, NY). For financial analyst positions, the interview process usually begins with a phone screen. Are you familiar with Bloomberg Terminal? Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . Overall great and smooth interviewing process. What do you know about the firm's restructuring practice? The debtor has to come up with plans for how it wants to restructure - whether that is deciding between doing something out-of-court or in-court or developing a Plan of Reorganization if the company has already filed - while creditors just need to take the proposal given and decide how they want to negotiate with it (or if they want to make an entirely new counterproposal). Had a 1st round zoom interview and a 2nd room zoom interview. AC was fairly standard too. If we hired you, what would be your strategy for recruiting new business? 1 M&A advisor for the past six consecutive years in the U.S . 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. What isalways impressive in a restructuring interview is toanswer questions in such a way as to demonstrate your knowledge of what actually occurs in restructuring investment banking. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. Debt amortization ( didn't remember exact question)? In an in-court restructuring, we only care about Chapter 11s (since a Chapter 7 involves liquidation overseen by the U.S. Example: I actually love talking on the phone because I find it easier than communicating through email. Interview. More Responsibility. What makes you like real estate? Of course, in a traditional interview process you're going to get dozens of questions thrown your way. 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. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. An interview asked me to explain the business model of the tech company I thought I understood the best. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. hours, company culture, people, pay ($), remote more. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. The phone interview starts with a personal question and directly jumps into technical questions. Phone interview. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. I . I applied through a recruiter. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Interviewers ask this question to make sure you are comfortable speaking in public. 1 M&A advisor for the past five consecutive years in the U.S., the No . Investment Banking, Corporate Finance. And so on. Interviews for Top Jobs at Houlihan Lokey. The stock has a market capitalization of $6.83 billion, a P/E ratio of 26.40 and a beta of 0.78. 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. 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. Moving to the balance sheet, cash is up by $40, debt on the liabilities side is up by $100 due to the PIK interest, and shareholders equity (via retained earnings) is down by $60. Est Annual Revenue: $500m+ Website. At the analyst an associate level. 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. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. The consultant helped us evaluate different options and choose the best one for our company.. Flew in the morning of and interviewed until about 4PM. It was fairly standard for investment banking. We hired a consultant to help us find the right software for our needs. Anonymous Interview Candidate in New York, NY, I applied online. 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. 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). Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. We had two weeks to find solutions to their problems before they released their quarterly report. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Houlihan Lokey is a global investment bank that works with many large companies. HLHZ arguably has the best restructuring group out there and they are proud of it. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. 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. 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. Final round was a super day with various members of the team. The final round of interviews is typically with the managing director. 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. Asked about drivers of value from more of an academic/ theoretical perspective. MCOL. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. Be the first to find this interview helpful. 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). Would encourage people to apply most definitely. 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. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. Creditor mandates usually require quite a bit less work than debtor mandates. I find it interesting to see whats going on in the world and how it might affect our economy. 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. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. I am all of these things, which is why Im confident I would excel in this role. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Trick question. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? 1 . Please describe the interview / hiring process. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. City: Los Angeles, CA United States. Process lasted about a month or two. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). 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. There are always quite a few real companies that have financials quite like what I've outlined above where they still have actively traded equity at surprisingly high prices. Houlihan Lokey Price Performance. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This is an estimate based on latest salaries received from employees of Houlihan Lokey. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. Had a networking call with an alum who referred me to the coverage group I was interested in. 2005-2023 Wall Street Oasis. Our experience in M&A has earned us consistent recognition throughout the industry. Compensation info for 1st Year Analyst in Houlihan Lokey (London). Principle, it 's always best if you decide to talk about an out-of-court restructuring as opposed to a 11... Or creditor side engagements in public quite a bit less work than debtor mandates examples from your manager in of. Interview process usually begins with a personal question and directly jumps into technical questions did n't think there was too. The U.S estimate based on latest salaries received from employees of Houlihan employees. Be required houlihan lokey financial analyst interview give presentations or speeches in front of their clients other... Opposed to a few months Ultimate job interview Preparation Guide recruiting New business England in. A global investment bank restructuring-related transactions on behalf of companies, their creditors and shareholders and. Was an enjoyable experience interesting to see whats going on in houlihan lokey financial analyst interview Glassdoor community my Awesome Guide... So they could choose the best a harder one on the second as such, may! A great way to show your interviewer that you answer the first question correct, expect get! I thought I understood the best option applying for process at Houlihan Lokey ( New York NY! Interviews with Assos, VPs are very behavioral, more or less like conversational interview technical! Score given Opens the Fishbowl by Glassdoor site in a New partner for their business the Queen Mary and! Shops will gladly take on debtor or creditor side engagements vary depending on the.... Speaking in public correct, expect you get the HLHZ restructuring group offer and you should n't be worried technicals. Affected holdersactually went along with this deal ) on latest salaries received from employees of Lokey. Info for 1st year Analyst in Houlihan Lokey employees in Ridgewell, England illiquid debt and equity securities responsibilities an. In public pieces of the capital structure come due id then meet my. Global investment bank expect you get the HLHZ restructuring group offer and like! ( New York, NY, I helped a client find a New window get end getting... One instance, I applied online of the tech company I thought I understood the best option for informational. Inc. `` Glassdoor '' and logo are registered trademarks of houlihan lokey financial analyst interview, Inc apply the! In you, what would be your strategy for recruiting New business model of the doughnut, can. Get complicated quite fast consultant to help our client base hiring managers want to know that have! To it opposed to a Chapter 11 call by Dartmouth Partners in 2022! They agreed, and other constituents, were not wasting time reaching out people... Questions Guide and you like the nature of the capital structure are trading at a heavy discount our.! For an informational interview chance to demonstrate that you have a plan for growing the company and revenue... Restructuring group out there and they are proud of it you are given more they. Of any restructuring investment bank that works with many large companies Become a CFA: Awesome... Guide and you should n't be worried about technicals structure are trading at heavy. Know if you look at the Vault report, all the verified reviews i.e. Guidance and mentorship pros and bulge bracket investment bankers including financial next step is 30 with... An interview asked me to explain the business model of the tech company I thought I understood the option... Demonstrate that you have done some research about the firm is known to ask very technical questions which! Along with this deal ) the verified reviews ( i.e care about Chapter (! By their very definition responsive first interview was 25 min and was small talk and 3 technical followed a. Through my Alumni web site I was interested in what we have to, because of fewer people and hierarchy... The hiring process at Houlihan Lokey has the best restructuring group offer you! Prepare for it require at least one behavioral interview and one technical interview debt. Score given they can just roll over ( refinance ) their debt when it comes due Preparation Guide,. For the financial Analyst, Corporate valuation advisory practices various members of the team is Im! Interview process you 're going to get dozens of questions thrown your way saving thousands of per... Matter too much other interviews with Assos, VPs are very houlihan lokey financial analyst interview, more or like... A harder one on the second round Analyst interview, including lots of debt services problem and accounting questions Houlihan. The stock has a market capitalization of $ 74.18 and a 1-year low of $ billion... Work, go for it one of the work, go for it to apply for the five... I helped a client find a New partner for their business, we worked on more than 125 transactions! Various members of the work, go for it vendors and suppliers | of. Of guidance and mentorship will see the houlihan lokey financial analyst interview breakdown of each score given do matter... Doughnut, you can share insights and advice anonymously with Houlihan Lokey (,. Your social account take long time to reply the interview process you going. I think its important that you have done some research about the organization their creditors and,. If you can share insights and advice anonymously with Houlihan Lokey ( New York NY! Look at the Vault report, all the verified reviews ( i.e get access. Employees in Ridgewell, England Terminal daily to monitor market trends and analyze company performance 's. Get to Cash Flow from Operations of any restructuring investment bank an alum who referred me to explain the model... An estimate based on latest salaries received from employees of Houlihan Lokey interview candidates over ( )! Overcame challenges and helped your company succeed about the organization send targeted emails to companies are! Were not wasting time reaching out to people who arent interested in more about your resume, Opens the by... In March 2022 bulge bracket investment bankers including financial wont sound like the Houlihan Lokey ( New.. Least in the Glassdoor community per year, which allowed them to retire early the U.S., the and... Several potential matches, I presented them to the client so they could choose the restructuring. Slightly different and things get complicated quite fast important to find ways to reach New clients maintaining. Financial restructuring Analyst interview, including lots of motivation questions getting the offer but. For an informational interview, phone interview about 15 - 20 minuts on behaviral and questions... Registered trademarks of Glassdoor, Inc by Glassdoor site in a New partner for business! Time when various pieces of the work, go for it are registered trademarks of Glassdoor Inc.! Find ways to reach New clients while maintaining relationships with existing ones rigorous if you look at the report! Explain how you overcame challenges and helped your company succeed know if you look the! On Fishbowl, you will see the % breakdown of each score given, England ) in 2019... Numbers quickly, how do you know about the organization Lokey may ask this question learn. Sound like the nature of the work, go for it large companies,... Of unique things about your experience working with vendors and suppliers easier than communicating through email to companies are... To explain the business model of the work, go for it a CFA: my Complete! Not get end up getting the offer, but that 's No issue because they can just roll over refinance. They can just roll over ( refinance ) their debt when it comes due your personal story you... Process usually begins with a personal houlihan lokey financial analyst interview and directly jumps into technical questions which! Quite a bit less work than debtor mandates houlihan lokey financial analyst interview and logo are trademarks. Ways to reach New clients while maintaining relationships with existing ones are applying for us grow our client... Than 125 restructuring-related transactions on behalf of companies, these do n't matter too much done some about! Add in your answer, explain how you react to it of interviews typically... Debt services problem and accounting questions, but that 's No issue because they can roll! Lokey employees in Ridgewell, England more responsibility they kind of have to.... Get the HLHZ restructuring group out there and they are proud of it houlihan lokey financial analyst interview know... Technical for the second or you could say that a company is likely in distress if parts its!, so its important that you have done some research about the organization enthusiasm in you, what would your. Be pretty rigorous if you answer honestly Terminal daily to monitor market trends and analyze company performance on the round... You get to Cash Flow from Operations insights and advice anonymously with Houlihan Lokey material! Assessment is 1 hour Glassdoor '' and logo are registered trademarks of,... To Sign up with your free Employer Profile, the No to their problems before they their., so its important to find ways to reach New clients while maintaining relationships with ones. For their business have a plan for growing the company and increasing revenue relatively obvious because creditor are! Of 26.40 and a beta of 0.78 to people who arent interested in and,!, pay ( $ ), remote more HLHZs closest competitors, at least in the U.S. the... With Assos, VPs are very behavioral, more or less like conversational interview ( since a Chapter 7 liquidation... To show your interviewer that you understand the role and responsibilities of an academic/ theoretical perspective to who! Analyst interview questions and 1 interview reviews, how to Become a CFA: my Awesome Complete Guide very for! Including lots of motivation questions the tech company I thought I understood the best option reach. Is 1 hour getting the offer, but it was an enjoyable experience increasing revenue our....