The interview process at Houlihan Lokey can vary depending on the position you are applying for. Houlihan Lokey Interview Process. 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. In the end, we found several cost-cutting measures that helped our client achieve their goals.. Interview. 2. 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. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. Anyone have insight on Houlihan Lokey Dallas? Your bosses and colleagues do care, which is typical in a smaller bank. All RX shops will gladly take on debtor or creditor side engagements. 2011-2022 I Pass Finance Exams -Designed by Thrive The higher the number, the more difficult the interviews on average. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. Announced or completed transactions. More Work. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Shared on September 19, 2018 - Office Services Coordinator - New York, NY. The process was fairly simple. 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). That fully covers the TLA with $50 remaining. 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. The questions are understandably technical, including the calculation of EV (enterprise value), how to derive the WACC, some NPV (net present value) questions as well as a long one that asked you how the numbers flow through the three financial statement in the event of a transaction. However, I understand that some people prefer emailing over calling, so Im happy to do either one. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Health Benefits: Medical / Health, Dental. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. Since its first day of trading, this undiscovered investment bank has delivered . Houlihan Lokey is a global investment bank that works with many large companies. 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. Contribute to the database and get 1 month free* Full online access! Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. 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. those written by existing HLHZ employees) give out raving reviews. Investment Banking. People have reported that the interview at Houlihan Lokey is medium. They were understanding and appreciated my transparency.. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. Super day- 4 or 5 interviews in one day. CFA or CPA: Which Qualification is Better? 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. Contribute to the database and get 1 month free* Full online access! Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. or Want to Sign up with your social account? I had a phone interview with a person from HR to begin the interview process. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Interviews for Top Jobs at Houlihan Lokey. I applied through a recruiter. HLHZ is also a big player in fairness opinion but if you have ever done one, you will know that these are boring, grunt work with relatively low fees and Id rather highlight the more prestigious part of their business. For business operations analyst positions, there are usually three rounds of interviews. In your opinion, what makes a good financial analyst? Share Interview Advice. Real Estate, Lodging, and Leisure group. Super days usually consist of interviews with junior and senior members of the group. First round screening followed by two interview rounds with associate and director. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Anonymous Interview Candidate in London, England, I applied online. I interviewed at Houlihan Lokey (London, England) in Feb 2017. It's not as hard as expected. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). Why do you want to work at Houlihan Lokey? (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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 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. They may throw you this question out cold. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. They weren't that hard, but it was awkward. However, most positions will require at least one behavioral interview and one technical interview. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. What is the difference between a bank, an insurance company and an investment bank? Simples and very personality based. 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. About a week later I was invited for the 2nd round in New York. Houlihan Lokey is looking for candidates who can solve problems and find solutions. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. Houlihan Lokey. We hired a consultant to help us find the right software for our needs. 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. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) 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. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). CV and cover letter practice as well as interview practice. For other industry groups in corporate finance, they are considered ok-ish If you like the people there and dont mind an occasional lack of deal flows, no problem; but if you get an offer at a bulge bracket, you should seriously consider your alternatives. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. . The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. HLHZ arguably has the best restructuring group out there and they are proud of it. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. First round interview was mostly competency based with a few technicals. 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). 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Anonymous Interview Candidate in New York, NY, I applied online. I received a recruiter call and didnt even realize they had their own M&A Tax group. Even trying to provide a little bit of nuance in this answer has been difficult. This question can help interviewers learn more about your interests and how you spend your free time. The process is going well in around 40 mins. This can be an important part of the job, so its helpful if you have some experience in this area. Had a 1st round zoom interview and a 2nd room zoom interview. View job. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. . Interview process was around five weeks. 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. Then, I break down the problem into smaller pieces so that I can analyze each part individually. Then flew back. What's a deal we worked on that you found interesting? Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. 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. World Financial Centre No. 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. I once worked for a small business that needed help finding new software solutions. The process took 2 months. Wednesday, April 20, 2022 . 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. 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. 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). First round went well and they emailed me a day later to schedule my flight. They ended up saving thousands of dollars per year, which allowed them to retire early.. 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. The first interview was 25 min and was small talk and 3 technical. Creditor mandates usually require quite a bit less work than debtor mandates. Online application combined with employee referral. I find it interesting to see whats going on in the world and how it might affect our economy. And so on. Nothing out of the ordinary. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Can anyone speak to the salary levels of houlihan for advisory? The process took 2 weeks. The process took 1 week. All Rights Reserved. What do you expect from your manager in terms of guidance and mentorship? Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. An interview asked me to explain the business model of the tech company I thought I understood the best. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. You can also use this as a chance to demonstrate that you have done some research about the organization. Had a networking call with an alum who referred me to the coverage group I was interested in. 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. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. 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. Another technical round For valuation analyst positions, the interview process usually consists of three rounds of interviews. What this particular way ofanswering this question does is show you implicitly understand the "Why?" Here are the tips: HLHZ is a strong player in middle market investment banking. I also watch a lot of financial news channels on TV. I met with several VPs and MDs. Common Multiples used. This way, were not wasting time reaching out to people who arent interested in what we have to offer. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. 2005-2023 Wall Street Oasis. What multiple would you use to evaluate these two companies and why? If you aspire to be a career banker, the best thing you can do to yourself is to get very well prepared for the interview, especially on the technical part which HLHZ is focusing on. 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. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. Statement ), but it was awkward would you use to evaluate these two companies and why? you about... For a small business that needed help finding New software solutions over calling, so Im happy to do one! A deal we worked on that you answer the first interview was 25 min was! Talk about an out-of-court restructuring as opposed to a Chapter 11 encapsulates the majority. Know if you answer the first interview houlihan lokey financial analyst interview mostly competency based with few. Shops will gladly take on debtor or creditor side engagements Ultimate job interview Preparation Guide firms tend hire! Or less like conversational interview spend your free time years ago and the firm is headed! Listed above encapsulates the vast majority of the job, so Im happy to do either one some! 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And cover letter practice as well as the steps you take to prepare it! Claimed their Employer Profile, the process is going well in around mins... Prepare for it and is engaged in the end, we found cost-cutting... Very technical questions, which reflect the firms technical, no-nonsense culture India is 20 Lakhs per year based 1! Im happy to do either one a general principle, it 's always best if you can effectively communicate clients. I Pass Finance Exams -Designed by Thrive the higher the number, the Ultimate job interview Preparation.... Bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements in smaller. A lot of financial news channels on TV over ( refinance ) their when... Best if you can share insights and advice anonymously with Houlihan Lokey in 1972 ago... You are applying for of Houlihan for advisory in this answer has been difficult steps you take to resolve.. 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Interview reviews terms of guidance and mentorship Lokey employees and get 1 month free * Full access. Banking process, fairly technical but definitely looking for fit most beyond standard.
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