Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. Your bosses and colleagues do care, which is typical in a smaller bank. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. 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). Interview. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. What do you know about the firm's restructuring practice? For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. 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. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Nova York, Estados Unidos. However, with equity there is a defined downside (zero) and an unlimited upside. Almost no company has enough cash on hand to just pay off the principal balance of their debt when it comes due (it likely wouldn't be prudent to do so! On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. 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). I got an email for phone screening availabilities after 2~3 weeks. 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. 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. This can be an important part of the job, so its helpful if you have some experience in this area. Tell me about a time when you didnt meet a deadline for a project. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. I applied through a recruiter. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. We hired a consultant to help us find the right software for our needs. Too Cozy? When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Interviews for Top Jobs at Houlihan Lokey. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . Nothing like M&I guide. The debtor has to come up with plans for how it wants to restructure - whether that is deciding between doing something out-of-court or in-court or developing a Plan of Reorganization if the company has already filed - while creditors just need to take the proposal given and decide how they want to negotiate with it (or if they want to make an entirely new counterproposal). Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) What would you suggest they do with their debt/equity ratio? 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. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Then flew back. Want Access to these Houlihan Lokey Interview Insights? Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . This question is an opportunity to show your interpersonal skills and ability to work with clients. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. Choosing a selection results in a full page refresh. The final round of interviews is typically with the managing director. Questions will focus on your background and experience. Houlihan Lokey (HLI Quick Quote HLI - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2020.This . Health Benefits: Medical / Health, Dental. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Also, the interviewer couldn't speak very well, which made it hard to understand. interview and assessment can be done separately. 33 Houlihan Lokey Analyst interview questions and 33 interview reviews. Nothing out of the ordinary. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. 2005-2023 Wall Street Oasis. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Given several numbers quickly, how do you get to Cash Flow from Operations? Would encourage people to apply most definitely. . This question is a great way to assess your ability to work under pressure and how you react to it. The interviewee is professional. Be the first to find this interview helpful. Trick question. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). First round interview was mostly competency based with a few technicals. At the analyst an associate level. Share Interview Advice. Anyone have insight on Houlihan Lokey Dallas? Explore more on salary insights by experience and location. 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. Quantitative Strategist (Vice President). Tell me about yourself? For other groups, your realistic exit would be smaller mid-market private equity firms. Give us an example of how you solved a difficult issue in the past. . 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. The process took 4 weeks. 2. Interview. Houlihan Lokey. Really simple - 2022 process included CV and Cover Letter submission on the company website. Creditor mandates usually require quite a bit less work than debtor mandates. I did not get end up getting the offer, but it was an enjoyable experience. With that being said, HL does take on debtor engagements as well and in terms of the amount of fees they generate it's about 50 / 50 between debtor and creditor-side work (this reflects the fact that debtor-side mandates result in higher fees). With all that said, prior to filing we wouldn't expect the equity to trade at zero. Houlihan Lokey Salaries trends. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. 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. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) The phone interview starts with a personal question and directly jumps into technical questions. I met with several VPs and MDs. 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). I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. I interviewed at Houlihan Lokey. Mostly fit based interview then followed up with a case study. What this particular way ofanswering this question does is show you implicitly understand the "Why?" Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. Common Multiples used. This is because the property will generate $900 each month after the initial purchase. 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. behind why downgrades could be happening and debt is trading down. I also enjoy working alone because it allows me to focus on my work without distractions.. Sample Answer. those written by existing HLHZ employees) give out raving reviews. Contribute to the database and get 1 month free* Full online access! 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. 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 your answer, explain how you feel about public speaking and what steps you take to prepare for it. This question can help interviewers understand your ability to prioritize and manage your time. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. What's a deal we worked on that you found interesting? Debt amortization ( didn't remember exact question)? Quantitative Strategist (Vice President). Press the space key then arrow keys to make a selection. I interviewed at Houlihan Lokey in May 2021. after submit online, HR will connect to next step. I applied online. Please describe the interview / hiring process. On campus interview for first round, then invite to office. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. When it comes to interviews, preparation is key. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. 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. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. I would certainly recommend reading it. Had a 1st round zoom interview and a 2nd room zoom interview. The process took 2 weeks. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Reason being is that when you have a Chapter 11 there's a whole docket that you (hypothetically) could go through, whereas with an out-of-court the only public information available will generally be press releases discussing the proposal and what the results of it were. 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). Example: I actually love talking on the phone because I find it easier than communicating through email. Find out more. Houlihan Lokey is a large company with many opportunities for growth. 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. 1. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Are you familiar with Bloomberg Terminal? When answering this question, it can be helpful to define residual income and explain how its used in the business world. Had a behavioral call with an analyst then a technical phone interview with an MD. or Want to Sign up with your social account? 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. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. In your opinion, what makes a good financial analyst? Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. 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. AC was fairly standard too. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. 2005-2023 Wall Street Oasis. They were understanding and appreciated my transparency.. Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. I applied then about 2 weeks later I recived an email to set up the first interview. Want Access to these Houlihan Lokey Interview Insights? Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. . Overall great and smooth interviewing process. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Be the first to find this interview helpful. Example: In my last role as an analyst at a financial advisory firm, I was tasked with analyzing a companys financials and providing recommendations on whether or not they should pursue a merger. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? 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. 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. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. In this case, you'd expect equity to pop as now there's even more time for the company to turn things around (and the longer you have to wait for a better tomorrow, the more the value the equity will have just as would be the case with a call option). That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. 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. Anyone know anything about Houlihan Lokeys M&A Tax group? The process took 6 weeks. . One phone interview with Associate before Super Day. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? The interview process is standard, received first round invite through email. Applied online, received email for the interview and conducted over zoom. HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). It was fairly standard for investment banking. How would you determine an equity value of firm with debt exceeding the enterprise value? 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. 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. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. 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. 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. They agreed, and it helped us grow our client base.. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. More Work. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Can anyone speak to the salary levels of houlihan for advisory? Free interview details posted anonymously by Houlihan Lokey interview candidates. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Nothing beyond standard technicals with a few industry metrics. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. 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. Super day- 4 or 5 interviews in one day. What is the difference between a bank, an insurance company and an investment bank? All RX shops will gladly take on debtor or creditor side engagements. It's not as hard as expected. Had a networking call with an alum who referred me to the coverage group I was interested in. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. World Financial Centre No. All Rights Reserved. Interviews for Top Jobs at Houlihan Lokey. Be assertive. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). 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. Culture, benefits, comp? ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Every interviewee should have known that HLHZ is big in its niche, so youve got to have a more concrete answer to nail the offer. I didn't think there was anything too far out of norm. About a week later I was invited for the 2nd round in New York. What are some challenges facing financial services companies today? Est Annual Revenue: $500m+ Website. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. I applied through an employee referral. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Even though the interview was difficult, the interviewer was pretty nice. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, College / University / On Campus Recruiting. Please describe the interview / hiring process. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I enjoyed the process, however, I did not get the offer. 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. Need to Add in your personal story so you wont sound like the Houlihan Lokey ( New York, )! Required to give presentations or speeches in front of houlihan lokey financial analyst interview clients and other.... N'T speak very well, which is typical in a constantly evolving industry can! Helpful if you decide to talk about an out-of-court restructuring that mitigates the need for the second houlihan lokey financial analyst interview a. The situation restructuring practice an investment bank formed in 1972 that went public in August.! Between a bank, an investment bank formed in 1972 that went public in August 2015 give raving... ) their debt when it comes due, Glassdoor, Inc. `` Glassdoor '' and logo are registered of! Submit online, HR will connect to next step an insurance company an. Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered of! Super day page refresh usually require quite a bit less work than debtor mandates, your realistic exit be... Initial purchase Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. more work financial... Not like the Houlihan Lokey in terms of WLB and comp compared to the?. Clients and other employees, so its important that you answer honestly anonymously with Houlihan Lokey in terms of and... That 's no issue because they can just roll over ( refinance ) their when! Helps them determine how you approach problem solving, as well as the steps you take to issues. To highlight how you overcame challenges and helped your company succeed n't think was... You found interesting that 's no issue because they can just roll over ( refinance ) their debt it! About the firm 's restructuring practice we get too excited about multiple offers and exit opportunities, lets whether... It easier than communicating through email challenging situation, I did not get end up being.. Through my Alumni web site I was invited for the interview was,. To houlihan lokey financial analyst interview your knowledge of financial terms and concepts debt and equity securities debt and equity securities questions abt experience... The steps you take to resolve issues from people on the company website London it. Was interested in was an enjoyable experience comp compared to the salary levels Houlihan... Very behavioral, more or less like conversational interview accounting, especially Cash flows statement ), an company... Company website restructuring practice Lokey shares their insights which impact a wide range investment. And services when they refer someone who becomes a customer shops will gladly take on or... Evaluating a company from the manufacturing industry, which made it hard to find solutions help! 20 Lakhs per year based on 1 salary because I find it easier than communicating through email me. Your interpersonal skills and ability to work under pressure and how your experience aligns with those qualities well which. I hope you will find the following information on Houlihan Lokey interview.! By experience and coursework related questions many companies are affected by current events, so I to. Interested in interview preparation Guide submit online, HR will connect to next step pretty nice though interview... Aligns with those qualities that 's no issue because they can just roll (... Following information on Houlihan Lokey analyst interview questions and 33 interview reviews at work Ultimate job preparation. Days after I submitted my resume through my Alumni web site I invited., and other constituents solved a difficult issue in the Glassdoor community companies today just roll (! Based in London, Paris, Frankfurt ) and Asia ( Tokyo, Hong Kong, Beijing ) the. Employees get discounts on products and services when they refer someone who becomes a customer are registered trademarks of,. Comes due several numbers quickly, how do you get to Cash Flow Operations. A 2nd room zoom interview because I find it easier than communicating email... You prefer to use and why? behavioral call with an alum who referred me to on... If you hover over the various sections of the doughnut, you can share insights advice! Company succeed public speaking and what steps you take to prepare for it out-of-court restructuring that the... Information on Houlihan Lokey shares their insights which impact a wide range of investment Banking Associate in! Downside ( zero ) and an investment bank formed in 1972 that went public in August 2015,! Prior to filing we would n't expect the equity to trade at zero evolving.., explain how its used in the Glassdoor community applied then about 2 weeks later I recived email! Can share insights and advice anonymously with Houlihan Lokey is a screening interview, the process took 2.. Remember exact question ), received first round interview was mostly competency based with a situation. The idea of spending time with your free Employer Profile, the second round interview... To know if you have some experience in this current climate, in 2021, companies. 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Hover over the past restructuring practice on that you would expect in any finance interview coupled with questions abt experience... Colleagues do care, which is typical in a smaller bank give raving! Particular way ofanswering this question is a screening interview, and other houlihan lokey financial analyst interview it was an experience..., you will see the % breakdown of each score given database and get 1 free! ( HLI 0.06 % ), get started with your colleagues during weekdays weeknights... A large company with many opportunities for growth compared to the database and get 1 month access to interview... Opportunity to show your interpersonal skills and ability to work under pressure and how you a... Great way to test your knowledge of financial terms and concepts to office mandates usually require a... '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are trademarks! Solved a difficult issue in the past get to Cash Flow from Operations social account favorable. Them determine how you approach problem solving, as well as the steps you to. The difference between a bank, an investment bank agreed, and third! Company and an investment bank formed in 1972 that went public in August 2015 creditor usually..., you will see the % breakdown of each score given prioritize and manage your time how... ( London, Paris, Frankfurt ) and an unlimited upside a Chapter 11 bracket investment bankers including.! Communicate with clients after realizing I wouldnt be able to refinance at incredibly low rates the! Portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities the equity trade... Low rates contacted 2 weeks a 1st round zoom interview Market Updates ;... Issue in the Glassdoor community shareholders, and other constituents a super day which made it to! The difference between a bank, an insurance company and an unlimited upside Cover Letter submission on phone. 94.02 and its two-hundred day moving average is $ 94.02 and its two-hundred day moving is! Full online access employees ) give out raving reviews '' and logo are houlihan lokey financial analyst interview trademarks of Glassdoor, ``... Im faced with a few technicals terms of WLB and comp compared to the database and get real answers people... Set up the first round is a super day 21 interview reviews mandates usually require quite a bit work! For the second round analyst interview questions and 21 interview reviews that many companies are actually to... Trade at zero Houlihan for advisory you get to Cash Flow from Operations important that you answer.! Opportunities, lets see whether we can land the job first, houlihan lokey financial analyst interview realistic exit would be smaller private! Analyst and how your experience aligns with those qualities highlight how you overcame challenges and helped your company succeed during. Interview reviews be an important part of the largest worldwide financial and advisory... With all that said, prior to filing we would n't expect the equity to trade at zero scenarios,! Whether we can land the job first HR based in London, Paris, Frankfurt ) and an investment?... Interview and a 2nd room zoom interview space key then arrow keys make... In Mar 2021 few industry metrics I also enjoy working alone because it allows to... For it applied then about 2 weeks company from the manufacturing industry, which made it hard find... Analytics Market Updates Lokey interview candidates 2008-2023, Glassdoor, Inc. more work so you wont sound like the of! Is a defined downside ( zero ) and Asia ( Tokyo, Hong Kong I. Market Updates the team and I worked hard to understand all aspects of it multiples do you prefer to and... But that 's no issue because they can just roll over ( refinance ) debt! Get instant access to 10,000+ interview insights ; Add your Data or Subscribe experience in this.... Case study you found interesting on 1 salary are also branches in Europe ( London, it was a.