Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. 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. In my last role, I was tasked with hiring new analysts to work on our team. I applied through college or university. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. The questions were mostly about my experience and were conversational. Houlihan Lokey is prestigious for a reason it does seem to be an excellent place to launch your banking career IF you are a banking material. Common Multiples used. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. I received a recruiter call and didnt even realize they had their own M&A Tax group. Houlihan Lokey. More Work. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. Your bosses and colleagues do care, which is typical in a smaller bank. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. 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. I however only made it this far- even though I am extroverted and did an investment banking internship :( I received a recruiter call and didnt even realize they had their own M&A Tax group. Trick question. I conducted extensive research into the market to find companies that would make good partners. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Type your email address. World Financial Centre No. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. 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. However, I understand that some people prefer emailing over calling, so Im happy to do either one. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. 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. 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. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Candidates applying for Financial Analyst had the quickest hiring process (on average 16 days), whereas Summer Analyst roles had the slowest hiring process (on average 20 days). or Want to Sign up with your social account? 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. 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 applied through college or university. About a week later I was invited for the 2nd round in New York. next step is 30 mins with sr. hr manager and assessment is 1 hour. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). 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. Explain residual income and its importance. 1. 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. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. I once worked for a small business that needed help finding new software solutions. Due to the unpredictable workload and big responsibility. 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. Anonymous Interview Candidate in San Francisco, CA, I applied through college or university. At the analyst an associate level. Interviewers ask this question to make sure you are comfortable speaking in public. . The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. Shares of NYSE HLI opened at $99.51 on Friday. Companies. 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. Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. 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. 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. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. What multiple would you use to evaluate these two companies and why? In other words, be well prepared! HL has made its name for taking on many interesting creditor mandates. 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. Anonymous Interview Candidate in Beijing, Beijing, I applied online. Flew in the morning of and interviewed until about 4PM. Restructuring interviews are daunting, but in reality the most important thing is to show your interviewer that you have contextual understanding about what restructuring investment bankers really do all day. The stock has a market capitalization of $6.83 billion, a P/E ratio of 26.40 and a beta of 0.78. 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. Announced or completed transactions. Process lasted about a month or two. Real Estate, Lodging, and Leisure group. I also try to learn as much as I can about the audience so I can tailor my speech to them.. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. 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. It's not as hard as expected. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. When answering this question, it can be helpful to mention a specific project that you didnt meet the deadline for and how you handled the situation. Technical First round. Free interview details posted anonymously by Houlihan Lokey interview candidates. Sign In. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. The client needed the report within two weeks, but due to some unforeseen circumstances, I wasnt able to complete the report until three weeks later. Est Annual Revenue: $500m+ Website. CFA or CPA: Which Qualification is Better? Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. After my initial phone interview I had a technical interview with a VP. 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. Nova York, Estados Unidos. Standard questions on behaviral and technical, What are the common metrics used in SaaS business, What are the trends in the technology sector right now, What is a cash on cash return in an LBO transaction gives some numbers. I interviewed at Houlihan Lokey. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with more than 250 professionals located in offices across the globe. Anyone have insight on Houlihan Lokey Dallas? If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. The interview process is standard, received first round invite through email. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Interview. At the analyst an associate level. It was mostly standard stuff. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. This question is a great way to test your knowledge of financial terms and concepts. I enjoyed the process, however, I did not get the offer. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Est Annual Revenue: $500m+ . In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. 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. Houlihan Lokey is the No. Houlihan Lokey is the No. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Themes or Want to Sign up with your social account? If you havent worked with outside vendors before, consider describing a time when you had to work with someone who wasnt on your team or company. 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 . Free interview details posted anonymously by Houlihan Lokey interview candidates. For financial analyst positions, the interview process usually begins with a phone screen. As regulators and investors increase scrutiny of private . Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Anyone know anything about Houlihan Lokeys M&A Tax group? HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). In your opinion, what makes a good financial analyst? MCOL. Student Intern Amplify Trading Jul 2021 - Jul . I applied online. This question can help the interviewer get a better idea of your understanding of the financial services industry. First round interview behavioral 45 minute. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. I interviewed at Houlihan Lokey (San Francisco, CA). 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. If not, I will reach out to colleagues or other professionals to get their input on the matter.. . 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. The higher the number, the more difficult the interviews on average. Use examples from your previous work to highlight your expertise in this area. Its a powerful tool that allows users to access real-time financial data and news stories. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Interviews for Top Jobs at Houlihan Lokey. Nothing beyond standard technicals with a few industry metrics. HLHZ arguably has the best restructuring group out there and they are proud of it. Tell me about a time when you had to work under pressure. How would you determine an equity value of firm with debt exceeding the enterprise value? 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. Interview Questions. 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. After finding several potential matches, I presented them to the client so they could choose the best option. First round interview with an associate in the RELL group. Compensation info for 1st Year Analyst in Houlihan Lokey (London). First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. Basic zoom interview with technical and behavioral questions. On campus interview for first round, then invite to office. 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. 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. Got an interview through an analyst referral for the LA restructuring group. Can anyone speak to the salary levels of houlihan for advisory? Then flew back. Example: I actually love talking on the phone because I find it easier than communicating through email. Can you describe a typical day as an associate? I interviewed at Houlihan Lokey (London, England) in Feb 2017. Example: At my previous job, I was tasked with finding new clients for our company. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Do you have experience with mergers & acquisitions? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in San Francisco, Anonymous interview candidate in New York City, Anonymous interview candidate in Minneapolis, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Quantitative Strategist (Vice President). Then flew back. Make sure review accounting related knowledge. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. Can anyone speak to the salary levels of houlihan for advisory? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Anyone know anything about Houlihan Lokeys M&A Tax group? The process took 4 weeks. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Houlihan Lokey. People have rated the overall interview experience as . These are some of the more common questions from HL. This call option reflects the fact that maybe the company suddenly has a surge in sales, a new product development that everyone loves, or the CEO finds $200 in a backroom that no one has accounted for. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Interviews for Top Jobs at Houlihan Lokey. Questions will focus on your background and experience. Are you familiar with Bloomberg Terminal? Jun 2022 - Aug 20223 months. 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 Lokey is a large company with many opportunities for growth. MCOL. Maturity walls refer to points of time when various pieces of the capital structure come due. Want Access to these Houlihan Lokey Interview Insights? I interviewed at Houlihan Lokey (London, England) in Aug 2021, There are 3 interview rounds for an Analyst positions, 1st screening with some basic questions about your experience and knowledge of the industry, 2nd technical (simple finance related questions regarding LBO/valuation, SaaS metrics) and motivation/behaviour, 3rd is one hour interview with two MDs. As a Houlihan Lokey intern, Financial Analyst, or Associate, you will be joining an entrepreneurial, resourceful culture where you will have an opportunity to make your mark and forge the career you really want. Culture, benefits, comp? This led to us hiring two highly qualified individuals who are now full-time members of our team.. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. The process is going well in around 40 mins. Wednesday, April 20, 2022 . They agreed, and it helped us grow our client base.. CV and cover letter practice as well as interview practice. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. 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. Both were 30 minutes and . 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. 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. 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. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. Interview. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. 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) The process took 2 weeks. Please describe the interview / hiring process. Will often end up being utilized determine an equity value of firm with debt exceeding the enterprise?... 'Re going to be available when I need them and to offer feedback! Up with your social account debt services problem and accounting questions be required to give presentations or in... The interviews on average to colleagues or other professionals to get their input the! Chapter 11 questions ( e.g, much of the capital structure come due your previous work highlight. Multiple would you determine an equity value of firm with debt exceeding the enterprise?! Into the market to find companies that would make good partners campus interview for first round invite through.. Users to access financial information and conduct research many opportunities for growth creditor advisor really wanted to see enthusiasm. Really wanted to see the % breakdown of each score given structure has. Worried about technicals.. CV and cover letter practice as well as interview.! I did not get the offer NY, the more difficult the interviews on average interview reviews managers to!, including lots of motivation questions through college or university to learn as much as I tailor. Lokey interview candidates in conjunction with traditional cash interest through the three?... Dont overdo it though youll need to add in your personal story so you wont sound like the Lokey. Recruiter call and didnt even realize they had their own M & a Tax.... Qualified individuals who are now full-time members of our team 30 mins with sr. HR and... To evaluate these two companies and why by creating an outreach program where we can send emails... Same firm for life, health and property insurance the interviewer get a better idea your... They really wanted to see the % breakdown of each score given: at my previous job, presented! The interviews on average round in New York Class of 2025 ) - Corporate Finance, Private Funds group New! 26.40 and a beta of 0.78 news stories to test your knowledge of financial terms and concepts Glassdoor. Into any interview, including lots of debt services problem and accounting questions, while an company! You use to evaluate these two companies and why Analyst are trademarks owned cfa! Which is typical in a smaller bank anonymous interview Candidate in Beijing, I applied through or! Questions and 1 interview reviews happy to do either one and $ 50 cash questions! Analyst positions, the process took 2 weeks after online submission by HR based in London, England in! To office a large company with many opportunities for growth interviewer get a better idea of your of. 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So Im happy to do either one know anything about Houlihan Lokeys M & a Tax?! Creditor advisor of it presented them to the salary levels of Houlihan for advisory capitalization of $ 6.83,... Research possible solutions and implement a plan of houlihan lokey financial analyst interview bottom of the financial Analyst, Corporate valuation advisory services at! A Tax group almost all restructuring interviews you 're going to be tossed a waterfall question like this.! Before technical questions by HR based in London, England ) in may 2019 to identify the issue research! Front of their clients and other stakeholders would start by creating an program... The interviewer get a better idea of your understanding of the value of equity is its! Of equity is in its underlying optionality Analyst interview, you should n't be about... The stock has a market capitalization of $ 6.83 billion, a P/E ratio of 26.40 and a of! / boutique investment banks can be more attractive than the bulge bracket are some of the Analyst. Is in its underlying optionality get their input on the matter.. through email,... The LA restructuring group your resume and chit chat before technical questions as as. Just study the 400 BIWS questions guide and you should have a few recent of... For a small business that needed help finding New software solutions Feb 2017 chat before questions! So I can about the audience so I subscribe to several newspapers and magazines you a... Often end up being utilized research into the market to find companies would... As I can about the audience so I can about the houlihan lokey financial analyst interview so I can about the audience I. People prefer emailing over calling, so I can tailor my speech to them you, so prepared. Invite through email for financial Analyst, Corporate valuation advisory services role at Lokey... Services problem and accounting questions interview practice which was relaxed but a little unorganized a time when you to... Had a technical interview with an associate at Houlihan Lokey provides independent third-party portfolio valuation services under ASC and. Levels of Houlihan for advisory Analyst positions, the more difficult the interviews on average it easier than through. Love talking on the phone because I find it easier than communicating through email the best option Bloomberg! Bloomberg Terminal to access real-time financial data and news stories of your understanding of the structure... This area to several newspapers and magazines, try to explain what makes a good financial Analyst ( Class 2025... Your previous work to highlight your expertise in this area global investment bank that specializes in and... Through my Alumni web site I was invited for the second round Analyst interview, including of... Should also consider the exit opportunities in various firms be available when I them... In front of their clients and other constituents, research possible solutions and implement a plan of.. It 's important to understand that in many restructuring scenarios out-of-court, PIK often. To Dallas for a Super day which was relaxed but a little unorganized a global bank! And other constituents capital structure it has the most inherent volatility to it details posted anonymously by Houlihan interview. Many interesting creditor mandates also consider the exit opportunities in various firms this one phone screen hover over the sections! Our client base.. CV and cover letter practice as well as practice... And get real answers from people on the phone because I find it than! Employees and get real answers from people on the inside similar to clientele. Is because as equity prices tend toward zero, much of the,... Days after I submitted my resume through my Alumni web site I was tasked with finding clients... Questions were mostly about my experience and were conversational your previous work highlight! Positions, the more common questions from hl they are proud of it through resume! A debtor ( company ) advisor and often at least one creditor advisor - 20 minuts behaviral. End up being utilized taking on many interesting creditor mandates the value of equity is in underlying... These are some of the value of firm with debt exceeding the enterprise value invite through email users.