Had a 1st round zoom interview and a 2nd room zoom interview. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Very thorough interview. Basic zoom interview with technical and behavioral questions. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. Industry and behavioral focused. I interviewed at Houlihan Lokey in Jan 2022. The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. How do you value a building? Residual income is important because it shows how much profit a company or investment will make over time.. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. Creditor mandates usually require quite a bit less work than debtor mandates. What makes you like investment banking? Sign In. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. 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). Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Common Multiples used. After finding several potential matches, I presented them to the client so they could choose the best option. . This question is an opportunity to show the interviewer that you are motivated by more than just money. Asked about drivers of value from more of an academic/ theoretical perspective. A distressed company that will ultimately be engaged by a restructuring investment bank like HL will not only likely have recent downgrades and debt that's trading low, they'll also have a reason for needing to get right-sized soon. Had a 1st round zoom interview and a 2nd room zoom interview. If you look at the Vault report, all the verified reviews (i.e. 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. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Want Access to these Houlihan Lokey Interview Insights? I did not get an offer. Houlihan Lokey. I once worked for a small business that needed help finding new software solutions. Want Access to these Houlihan Lokey Interview Insights? Both calls lasted 30min. HL has made its name for taking on many interesting creditor mandates. CV and cover letter practice as well as interview practice. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). . Here are the tips: HLHZ is a strong player in middle market investment banking. Meeting with recruiter followed by a 30 minute meeting with a director. The first interview was 25 min and was small talk and 3 technical. The key things to know for an interview about any out-of-court restructuring deal are the ultimate terms of the deal, how this has at least partly solved the company's problem (pushed out maturity wall, got rid of some cash interest expense, etc. 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. . Debt amortization ( didn't remember exact question)? 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Average salary for Houlihan Lokey Financial Analyst in Shoeburyness: 67,852. For business operations analyst positions, there are usually three rounds of interviews. Technical First round. We had two weeks to find solutions to their problems before they released their quarterly report. Have you ever worked with any outside vendors? 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. Contribute to the database and get 1 month free* Full online access! The higher the number, the more difficult the interviews on average. Hiring managers want to know that you have a plan for growing the company and increasing revenue. There are 130 jobs at Houlihan Lokey. Anonymous Interview Candidate in New York, NY, I applied online. . Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. The consultant helped us evaluate different options and choose the best one for our company.. Video interviews with a blend of fit & technical questions on each round. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. Nearly every restructuring is slightly different and things get complicated quite fast. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. Houlihan Lokey is the No. Even trying to provide a little bit of nuance in this answer has been difficult. In fact, if you are able to get pass their interviews, I am sure you are find with the interviews in other bulge bracket firms in terms of your ability to answer technical questions. I interviewed at Houlihan Lokey (New York, NY). I didn't think there was anything too far out of norm. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? The company may have a certain amount of restricted cash they need to keep around - per their debt docs - so could be running into a cash crunch soon. Themes I also watch a lot of financial news channels on TV. If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. Nothing like M&I guide. Free interview details posted anonymously by Houlihan Lokey interview candidates. The phone interview starts with a personal question and directly jumps into technical questions. Mostly fit based interview then followed up with a case study. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. 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. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Interviews for Top Jobs at Houlihan Lokey. Can you describe a typical day as an associate? 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. First round screening followed by two interview rounds with associate and director. 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. Status: Intern. MDs were on phone the whole time and left early. The process took 2 weeks. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. 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. At the analyst an associate level. 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. That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. Houlihan Lokey is a global investment bank that works with many large companies. Investment Banking. 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. 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. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. What motivates you to succeed in this position? Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. It was fairly standard for investment banking. 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. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. 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. Wednesday, April 20, 2022 . An interview asked me to explain the business model of the tech company I thought I understood the best. Nothing out of the ordinary. I think my ability to talk on the phone will help me connect with clients and colleagues.. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Houlihan Lokey . When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. Since its first day of trading, this undiscovered investment bank has delivered . 1 M&A advisor for the past five consecutive years in the U.S., the No . Tell me about a time when you didnt meet a deadline for a project. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. I did not get end up getting the offer, but it was an enjoyable experience. AC was fairly standard too. Since its inception in 1988, the restructuring group has advised on more than 1,500 restructuring transactions with aggregate debt claims in excess of $3.0 trillion. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. Anyone have insight on Houlihan Lokey Dallas? MCOL. Feel free to craft your answer based on this with a personal touch. I interviewed at Houlihan Lokey. Free interview details posted anonymously by Houlihan Lokey interview candidates. The process took 2 weeks. I had prepped for this question. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. I developed an effective recruiting strategy that included reaching out to universities in the area to find candidates who were looking for internships or entry-level roles. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Throughout my career, Ive developed strong time management and organizational skills. Simples and very personality based. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Financial Restructuring Summer Analyst. This way, were not wasting time reaching out to people who arent interested in what we have to offer. This led to us hiring two highly qualified individuals who are now full-time members of our team.. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. hours, company culture, people, pay ($), remote more. . Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Houlihan Lokey. . Had a follow-on interview where I had to give a presentation on a recent M&A deal. This question can help interviewers learn more about your interests and how you spend your free time. How would you determine an equity value of firm with debt exceeding the enterprise value? The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. This question can help the interviewer get a better idea of your understanding of the financial services industry. Find out more. In the end, we found several cost-cutting measures that helped our client achieve their goals.. These are all signs of potential distress, to be sure. 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). 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. Houlihan Lokey Interview Process. Got an interview through an analyst referral for the LA restructuring group. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Its a powerful tool that allows users to access real-time financial data and news stories. The process took 1 week. In-person Superday. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. . 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. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. Free interview details posted anonymously by Houlihan Lokey interview candidates. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Sign In. We hired a consultant to help us find the right software for our needs. It's not as hard as expected. I would certainly recommend reading it. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Choosing a selection results in a full page refresh. Houlihan Lokey has opportunities for the right candidates across many sectors. 1 . Get 27 financial modeling templates in swipe file. They ended up choosing a company that was able to help them expand their business.. The second part was him asking me how the company would fail, and this put me on the spot and froze me for a second. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. What was your most successful experience working with clients? They agreed, and it helped us grow our client base.. Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . or Want to Sign up with your social account? This can be an important part of the job, so its helpful if you have some experience in this area. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Go through the resume first, and then some technical questions as well as behavioral questions. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Flew in the morning of and interviewed until about 4PM. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. I applied online. 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. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. It's also important to note that while a debtor mandate involves dealing with one counter party (the company), a creditor mandate can involve multiplerestructuring investment banks dealing with different groups of creditors. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. 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. I . If you dont enjoy talking on the phone, explain why youre willing to do it anyway. Houlihan Lokey (a.k.a. I know that I could contribute to the team by using my analytical skills and attention to detail.. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. And the third. The process was fairly simple. Anyone know anything about Houlihan Lokeys M&A Tax group? If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? For healthy companies, these don't matter too much. Our firms culture is very collegial, supportive, and fun. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. 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Solving, as well as behavioral questions to describe a situation where you used critical thinking skills to an. For their restructuring interview questions and 247 interview reviews posted anonymously by Houlihan Lokey HLI! Is important because it shows how much profit a company from the manufacturing industry, which multiples do prefer! People, pay ( $ ), an investment bank formed in 1972 that went public in August 2015 company!