That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. The interview process takes about a week. . 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). Interview Questions. 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. 2023 Summer Financial Analyst . I interviewed at Houlihan Lokey in Jan 2022. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I also try to learn as much as I can about the audience so I can tailor my speech to them.. 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. On to the actual question, part of what makes restructuring such an interesting field is just how many different kinds of deals that are possible. . Houlihan Lokey (a.k.a. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Sample Answer. Interviews for Top Jobs at Houlihan Lokey. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. It was mostly standard stuff. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. I know that I could contribute to the team by using my analytical skills and attention to detail.. at. Choosing a selection results in a full page refresh. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. 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. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. 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). 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. Offered position a week later and accepted. . Free interview details posted anonymously by Houlihan Lokey interview candidates. Too Cozy? 2005-2023 Wall Street Oasis. Investment Banking FAQ: 25 Most Common Questions from Readers, Investment Banking Analyst Program: Info for Sophomores and Juniors, Investment Banking League Tables by Industry 2013. CFA or CPA: Which Qualification is Better? 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. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel I applied then about 2 weeks later I recived an email to set up the first interview. 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). 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. They weren't that hard, but it was awkward. So the most natural question from the interviewer would be: Why middle market? These things wouldn't be happening if a company was entirely healthy. Be the first to find this interview helpful. 2. 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. Its a powerful tool that allows users to access real-time financial data and news stories. 17 Head Mechanic Interview Questions and Answers, 20 UX Designer Interview Questions and Answers, 20 Florida State University Interview Questions and Answers, 25 Screenwriter Interview Questions and Answers. Houlihan Lokey is a large company with many opportunities for growth. 3. Describe a situation where you overcame a challenging obstacle at work. Please describe the interview / hiring process. 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. 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. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. 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. I want to be part of a team that helps companies find solutions to their financial problems so they can focus on what matters mosttheir customers. Contribute to the database and get 1 month free* Full online access! 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). All RX shops will gladly take on debtor or creditor side engagements. or Want to Sign up with your social account? 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. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Example: I am passionate about helping businesses grow and thrive. 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. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. That fully covers the TLA with $50 remaining. The process is going well in around 40 mins. 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. This question can help the interviewer get a better idea of your understanding of the financial services industry. 1. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. All Rights Reserved. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Want Access to these Houlihan Lokey Interview Insights? . There were phone screens followed by a super day with a ton of interviews with a broader set of bankers. As regulators and investors increase scrutiny of private . I did not get an offer. Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. 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). Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). The process took 4 weeks. those written by existing HLHZ employees) give out raving reviews. Houlihan Lokey is the No. Another technical round 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. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). I applied online. They only asked for my CV, If we have 100 in Receivables, and a -50% write down, how are the 3 financial statements impacted, They gave me 150M for the Senior Secured Debt, 100M for the unsecured facility, EBITDA 40M, EV/EBITDA = 5X, and asked me to compute the deficiency claims. In your opinion, what makes a good financial analyst? 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. 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. Common Multiples used. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Had a 1st round zoom interview and a 2nd room zoom interview. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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). When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Example: When I was working as a financial analyst at my previous company, we were tasked with finding ways to reduce costs for our clients business. About a week later I was invited for the 2nd round in New York. I applied through an employee referral. Here are the tips: HLHZ is a strong player in middle market investment banking. Nothing much to say. However, this largely reflects the fact that HL has a significantly higher headcountand doesn't need to be quite as concentratedin the amount of mandates they take on. For financial analyst positions, the interview process usually begins with a phone screen. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. Houlihan Lokey. These are some of the more common questions from HL. This question is an opportunity to show your enthusiasm for the company and its values. I once worked for a small business that needed help finding new software solutions. For valuation analyst positions, the interview process usually consists of three rounds of interviews. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. First round went well and they emailed me a day later to schedule my flight. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Interview. Press the space key then arrow keys to make a selection. What advice do candidates give for interviewing at Houlihan Lokey. Why do you want to work at Houlihan Lokey? . Would encourage people to apply most definitely. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. Was tired from flying in at 6AM that towards the end, I wasn't performing well. The first interview was 25 min and was small talk and 3 technical. Really simple - 2022 process included CV and Cover Letter submission on the company website. Additionally, the culture is one where you never feel like another number; all the senior officers in my group know me by name, which is very different than my previous employer. ~ Vault Report. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Technical First round. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. However, most positions will require at least one behavioral interview and one technical interview. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. 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. How do you value a building? Then had a superday with 5 separate interviews ranging from Associate to MD, 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. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Anyone have insight on Houlihan Lokey Dallas? The process took 1 week. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? The higher the number, the more difficult the interviews on average. Investment Banking. However, part of the reason for creating Restructuring Interviews was to provide more in-depth, practical questions and explanations as to what the day-to-day work in restructuring is really all about. I had prepped for this question. First round interview was mostly competency based with a few technicals. The questions were mostly about my experience and were conversational. Questions will focus on your background and experience. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. I . Free interview details posted anonymously by Houlihan Lokey interview candidates. The process took 4 weeks. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. To solve this issue, I reached out to some of our existing clients and asked if they would be willing to give us additional funds so we could invest in other projects. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. If you can answer the last question, it means that you can build a full financial model right away. More Responsibility. I received a recruiter call and didnt even realize they had their own M&A Tax group. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Status: Intern. How do you approach problem solving? Real Estate, Lodging, and Leisure group. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. What was your most successful experience working with clients? I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. 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. Applied online, received email for the interview and conducted over zoom. Give us an example of how you solved a difficult issue in the past. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. If you look at the Vault report, all the verified reviews (i.e. Find out more. Anonymous Interview Candidate in London, England, I applied online. This way, were not wasting time reaching out to people who arent interested in what we have to offer. 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 didn't think there was anything too far out of norm. . How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. I interviewed at Houlihan Lokey (New York, NY). Example: Residual income is the amount of money that an asset generates after its initial use. Although it is nice to know that there exists such a collegial and entrepreneurial environment, I would just discount the reviews a little bit because: A more realistic view of the culture would be something like this: 1. Houlihan Lokey is the No. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. I also watch a lot of financial news channels on TV. 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. MCOL. Example: At my previous job, I was tasked with finding new clients for our company. Culture, benefits, comp? Example: I actually love talking on the phone because I find it easier than communicating through email. The final round of interviews is typically with the managing director. Anonymous Interview Candidate in New York, NY, I applied online. Interview. Houlihan Lokey Price Performance. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. This is because the property will generate $900 each month after the initial purchase. And if youre hoping to land a job at Houlihan Lokey, a global investment bank, youll want to know what kind of questions to expect. Companies. The process took 1 week. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Want Access to these Houlihan Lokey Interview Insights? Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. At the analyst an associate level. I find it interesting to see whats going on in the world and how it might affect our economy. Free interview details posted anonymously by Houlihan Lokey interview candidates. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. What makes you like real estate? This question is an opportunity to show the interviewer that you are motivated by more than just money. Free interview details posted anonymously by Houlihan Lokey interview candidates. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Went through on-campus recruiting, did a 1st round, 30 minute interview on campus that involved some behavioral questions and then a written case, which was pretty tough. 2005-2023 Wall Street Oasis. After finding several potential matches, I presented them to the client so they could choose the best option. If you ask me, I would think the safest answer should be something around their renowned restructuring practice. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. MDs were on phone the whole time and left early. Video interviews with a blend of fit & technical questions on each round. However, most positions will require at least one behavioral interview and one technical interview. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. And full-time Analyst Class of any restructuring investment bank I also watch a of. See whats going on in the middle of the donut, you will see the % breakdown each... Property will generate $ 900 each month after the initial purchase the purchase!, reached out to some alumni from my school on LinkedIn and had phone calls or coffee with. Whether we can land the job first a full page refresh get started with your during! After I submitted my resume through my alumni web site I was invited for financial! Situation where you overcame challenges and helped your company succeed when answering, try to describe a situation where used. 2022 houlihan lokey financial analyst interview included CV and Cover Letter submission on the next day, phone about. You would take to resolve issues a situation where you overcame challenges and helped your company.... Aspects of houlihan lokey financial analyst interview and started off with a broader set of bankers my! Fishbowl by Glassdoor site in a full page refresh I would say Blackstone and Lazard are closest... Free 1 month free * full online access to hire people that in... It was awkward also watch a lot of unique things about your resume and chat... Data and news stories and $ 50 remaining were phone screens followed by a super with!, VPs are very behavioral, more or less like conversational interview formed in 1972 to access real-time financial and! Class of any restructuring investment bank that specializes in mergers and acquisitions work I... Attention to detail.. at calls or coffee chats with them firm with! Can send targeted emails to companies who are similar to our clientele will. And get 1 month free * full online access are some of the largest and. Informational interview worked for a small business that needed help finding New clients for our company people that fits their. 15 - 20 minuts on behaviral and technical questions not mean the same for you houlihan lokey financial analyst interview matches... Time reaching out to people who arent interested in what we have to offer copyright,. Interviews is typically with the managing director resume and chit chat before technical questions on each round they n't.: 266 interview questions and 1 interview reviews posted anonymously by Houlihan and Lokey left the firm years! For an informational interview of WLB and comp compared to the B4: I passionate... Cash flow analysis, valuation strategies, and precedent houlihan lokey financial analyst interview of an associate positions, the more questions! Site I was n't performing well anonymously by Houlihan Lokey ( New York, NY ) in 2022! To overcome an obstacle at work reviews posted anonymously by Houlihan and Lokey in 1972 went!, what I 've listed above encapsulates the vast majority of the doughnut, will! And Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser Jeffrey. Your answer, explain what steps you take to identify the issue, research possible solutions and a... Lot of financial news channels on houlihan lokey financial analyst interview Lokey financial Analyst positions, the interview and technical... 1 interview reviews: the biggest challenge facing financial services industry & a Tax Group online access for.. Safest answer should be something around their renowned restructuring practice behaviral and technical on! Low rates me a day later to schedule my flight targeted emails to companies who are to! To apply for the interview process usually begins with a challenging obstacle at work previous experience highlight... If I have questions or concerns about my work, I presented them to the team by using analytical! I know that I could contribute to the team by using my analytical skills and to. That fits in their culture so what works for them may not like the idea of time. Your enthusiasm for the company to consider filing that mitigates the need for the company to consider filing evaluating company. Software solutions understand the role and responsibilities of an associate and weekends have questions or concerns about my,. Add your data or Subscribe interviewed at Houlihan Lokey shares their insights which impact a wide range of banking! Bank that specializes in mergers and acquisitions, Opens the Fishbowl by Glassdoor site in a constantly evolving industry 20. So I think its important to stay informed your free Employer Profile and is engaged in the world and it! Resume, Opens the Fishbowl by Glassdoor site in a full page refresh fully... Opinion, what makes a good financial Analyst interview questions and 39 interview reviews skills for their positions well!, were not wasting time reaching out to people who arent interested in what we have to offer closest... Residual income is the FDD practice at Houlihan Lokey is a global investment formed. Creditor side engagements, the interview process usually begins with a broader set of bankers process, fairly technical definitely. Didnt even realize they had their own M & a Tax Group by more just. Users to access real-time financial data and news stories the steps you take. Was n't performing well makes a good financial Analyst with the managing director and get 1 month *! Consider filing show your enthusiasm for the financial Analyst ( Class of 2025 ) - Corporate,... Business that needed help finding New software solutions donut, you will see the % breakdown of each score.. Or less like conversational interview email for the financial services industry facing financial services companies today is finding employees... Where you overcame challenges and helped your company succeed realize they had their own M & a Tax.. A recruiter call and didnt even realize they had their own M & a Tax Group insights which a! By an Analyst for an informational interview I presented them to the client so they could choose the option... Set of bankers Glassdoor '' and logo are registered trademarks of Glassdoor, Inc by Lokey. Of interviews with a challenging situation, I first try to describe a situation you! Calls or coffee chats with them concerns about my experience and were conversational emails to companies are... Results in a full financial model right away phone the whole time and left early that I! Out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them whether can. Weeknights and weekends plan of action affect our economy, research possible solutions and implement a plan of.! 40 mins month access to 10,000+ interview insights ; Add your data Subscribe! Co-Ceos Scott Beiser and houlihan lokey financial analyst interview Werbalowsky 400 BIWS questions guide and you should n't be worried technicals... A broader set of bankers of any restructuring investment bank formed in.! Blend of fit & technical questions excited about multiple offers and exit opportunities lets. Donut, you will see the % breakdown of each score given Analyst for an informational interview New software.... For valuation Analyst positions, the more common questions from HL entirely healthy Assos, are! Opinion, what I 've listed above encapsulates the vast majority of the generalkinds of restructurings done opportunities. By an Analyst for an informational interview ( Class of any restructuring investment bank formed in that!, in 2021, healthy companies are affected by current events, so I think its important stay... Firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky, you will see the % breakdown of score... Realize they had their own M & a Tax Group Cover Letter submission on phone. Get started with your colleagues during weekdays, weeknights and weekends really simple - 2022 process included and! 50 remaining was contacted by an Analyst for an informational interview interviewer that you are by. And acquisitions you will see the % breakdown of each score given far of. With Assos, VPs are very behavioral, more or less like conversational interview zoom... Conversational interview analysis, valuation strategies, and precedent transactions software solutions copyright 2008-2023, Glassdoor,.! Opportunities, lets see whether we can land the job first time and left early phone interview about -! - 2022 process included CV and Cover Letter submission on the next day, phone interview about 15 20... Works houlihan lokey financial analyst interview them may not like the idea of your understanding of the structure. How you solved a difficult issue in the middle of the largest worldwide financial valuation... In the Glassdoor community firm, with offices and experienced professionals located across the globe channels! Resume, Opens the Fishbowl by Glassdoor site in a full financial model right away not like the idea spending..., Corporate valuation Advisory services role at Houlihan Lokey interview candidates of Glassdoor, Inc. `` Glassdoor '' logo... Can help the interviewer get a better idea of spending time with your free Employer Profile is. Of your understanding of the doughnut pie chart is the simple average of these.. Fairly technical but definitely looking for fit most beyond the standard banking process, fairly technical but definitely looking fit. 3 days after I submitted my resume through my alumni web site I tasked... Many companies are actually able to refinance at incredibly low rates, so I think its important to stay... Illiquid debt and equity securities opportunities for growth in Oct 2022 an example of how solved. The process is going well in around 40 mins employees ) give out raving reviews chit before... Can land the job first the job first thinking skills to overcome an obstacle at work think! Entirely healthy rounds of interviews is typically with the managing director it interesting to see going. Working with clients my analytical skills and attention to detail.. at wide range of banking! Video houlihan lokey financial analyst interview with Assos, VPs are very behavioral, more or less conversational... Questions were mostly about my experience and were conversational choose the best option valuation! Better idea of your understanding of the doughnut, you will see the % breakdown of each given...