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. interview and assessment can be done separately. The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. The process took 3 weeks. 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. Can anyone speak to the salary levels of houlihan for advisory? Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. A distressed company that will ultimately be engaged by a restructuring investment bank like HL will not only likely have recent downgrades and debt that's trading low, they'll also have a reason for needing to get right-sized soon. Example: I have worked on several mergers and acquisitions during my career. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . Another technical round 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. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. The company may have a certain amount of restricted cash they need to keep around - per their debt docs - so could be running into a cash crunch soon. Interview Questions. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Given several numbers quickly, how do you get to Cash Flow from Operations? 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. Tell me about a time when you had to work under pressure. Be the first to find this interview helpful. Comparison between these multiples. 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). MDs were on phone the whole time and left early. Est Annual Revenue: $500m+ . These are some of the more common questions from HL. Too Cozy? There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). MCOL. those written by existing HLHZ employees) give out raving reviews. Also, the interviewer couldn't speak very well, which made it hard to understand. I also watch a lot of financial news channels on TV. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. I enjoyed the process, however, I did not get the offer. Anyone have insight on Houlihan Lokey Dallas? . Online application combined with employee referral. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Can you describe a typical day as an associate? Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. Make sure review accounting related knowledge. 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. The process took 1 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. In other words, be well prepared! You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Nothing much to say. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. 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. All Rights Reserved. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. 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 . The phone interview starts with a personal question and directly jumps into technical questions. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. This question is an opportunity to show your interpersonal skills and ability to work with clients. Can anyone speak to the salary levels of houlihan for advisory? Nova York, Estados Unidos. More Responsibility. Use examples from your previous work to highlight your expertise in this area. With all that said, let's take a look at some of the most popular questions asked at HL: Note: I've written a rather lengthy post about this already, which you can turn to afterwards if interested. I applied through college or university. Mostly fit based interview then followed up with a case study. What is the difference between a bank, an insurance company and an investment bank? Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. 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. While there are some common interview questions that you should be prepared to answer, such as Tell me about yourself and Why are you interested in this position?, youll also want to be ready for some company-specific questions. Interviewers ask this question to make sure you are comfortable speaking in public. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. The process took 1 week. 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. Contribute to the database and get 1 month free* Full online access! Gave three companies and scenarios and was asked which one was best to pitch to a client. Sign In. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. First round interview behavioral 45 minute. An interview asked me to explain the business model of the tech company I thought I understood the best. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I had prepped for this question. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. Interview Questions. I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. 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. Why do you want to work at Houlihan Lokey? behind why downgrades could be happening and debt is trading down. They also want to see if your ideas align with their own, so be sure to mention any strategies theyve mentioned in previous interviews or conversations. 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. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. Contribute to the database and get 1 month free* Full online access! Nothing beyond standard technicals with a few industry metrics. For example, it's of course true that you could just say a company is likely in distress if their bonds have been downgraded from investment grade to junk. This question can help the interviewer get a better idea of your understanding of the financial services industry. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). . What was your most successful experience working with clients? For example, if we look at Legacy Reserves we'll see PJT advising GSO (Blackstone) while HL is advising an ad hoc group of of Senior Noteholders. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). In fact, if you are able to get pass their interviews, I am sure you are find with the interviews in other bulge bracket firms in terms of your ability to answer technical questions. Currently work in Big 4 as a director in TAS. Want Access to these Houlihan Lokey Interview Insights? I also try to learn as much as I can about the audience so I can tailor my speech to them.. Super day- 4 or 5 interviews in one day. I was also told their business and team structures in China. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Sample Answer. 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). 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. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. This is because the vast majority of those who go into restructuring interviews - even those who ultimately get the job - really don't have a feel for what the job is all about. Our firms culture is very collegial, supportive, and fun. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In your opinion, what makes a good financial analyst? The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. Houlihan Lokey (a.k.a. Listen Carefully! The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. On campus interview for first round, then invite to office. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. The interviewee is professional. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. Use your answer to highlight your knowledge of Houlihan Lokeys services and how they differ from those of banks, insurance companies and other financial institutions. It was fairly standard for investment banking. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Please describe the interview / hiring process. What do you know about the firm's restructuring practice? Had a 1st round zoom interview and a 2nd room zoom interview. As In All areas of Life Knowledge is Key. Final round was a super day with various members of the team. Describe a situation where you overcame a challenging obstacle at work. Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Anyone have insight on Houlihan Lokey Dallas? I interviewed at Houlihan Lokey (London, England) in Feb 2017. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. Financial Restructuring Summer Analyst. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. Compensation info for 1st Year Analyst in Houlihan Lokey (London). I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. 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. They weren't that hard, but it was awkward. 1 . First round screening followed by two interview rounds with associate and director. PIK interest questions are some of the most common to get in restructuring interviews. . 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. 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. So as equity trades closer to zero, the value of equity begins to look much more like a call option. Shares of NYSE HLI opened at $99.51 on Friday. Hiring managers want to know that you have a plan for growing the company and increasing revenue. It was mostly standard stuff. Est Annual Revenue: $500m+ Website. Free interview details posted anonymously by Houlihan Lokey interview candidates. or Want to Sign up with your social account? The second round was 2 hours of zoom interviews starting with MD working down to analysts. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. I bet the guy will be happy to tell you what restructuring really is for HLHZ and this is going to be an invaluable piece of information for your next round of interview. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Explain residual income and its importance. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. Want Access to these Houlihan Lokey Interview Insights? In-person Superday. 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. 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. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. These things wouldn't be happening if a company was entirely healthy. 2011-2022 I Pass Finance Exams -Designed by Thrive Creditor mandates usually require quite a bit less work than debtor mandates. 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. 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). 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. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. 2. I interviewed at Houlihan Lokey. . Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. at. Press the space key then arrow keys to make a selection. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. At the analyst an associate level. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Anyone know anything about Houlihan Lokeys M&A Tax group? 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. I met with several VPs and MDs. 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. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Simples and very personality based. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Its a powerful tool that allows users to access real-time financial data and news stories. Status: Intern. Interview. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. After my initial phone interview I had a technical interview with a VP. 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. 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. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. 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. There are 130 jobs at Houlihan Lokey. total one hour. The process took 2 weeks. Even trying to provide a little bit of nuance in this answer has been difficult. 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. Like anything though, the devil is in the details. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. Tell me about yourself? This is because the property will generate $900 each month after the initial purchase. Was rotated between multiple senior bankers. 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.