AC was fairly standard too. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. Can anyone speak to the salary levels of houlihan for advisory? On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. The process took 4 weeks. All Rights Reserved. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). 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. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. 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. Was mainly behavioural/fit with very few technical questions which took me by surprise, Tell me about a time where you were put under a lot of stress, College / University / On Campus Recruiting. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. I interviewed at Houlihan Lokey (New York, NY). Anonymous Interview Candidate in San Francisco, CA, I applied through college or university. Anyone have insight on Houlihan Lokey Dallas? I also watch a lot of financial news channels on TV. Anyone know anything about Houlihan Lokeys M&A Tax group? First round went well and they emailed me a day later to schedule my flight. Nothing much to say. Restructuring interviews are daunting, but in reality the most important thing is to show your interviewer that you have contextual understanding about what restructuring investment bankers really do all day. I did not get an offer. Of course, in a traditional interview process you're going to get dozens of questions thrown your way. or Want to Sign up with your social account? Announced or completed transactions. Real Estate, Lodging, and Leisure group. I interviewed at Houlihan Lokey (San Francisco, CA). I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. I got an email for phone screening availabilities after 2~3 weeks. These things wouldn't be happening if a company was entirely healthy. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Overall great and smooth interviewing process. 18 days ago. Trick question. Houlihan Lokey (a.k.a. Its a powerful tool that allows users to access real-time financial data and news stories. More Responsibility. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. 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. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. The process was fairly simple. 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. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. 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). Due to the unpredictable workload and big responsibility. Please describe the interview / hiring process. 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. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. At the analyst an associate level. First round interview with an associate in the RELL group. Process lasted about a month or two. Mostly fit based interview then followed up with a case study. 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. Interviews for Top Jobs at Houlihan Lokey. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Super day- 4 or 5 interviews in one day. They weren't that hard, but it was awkward. It's not as hard as expected. 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. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. Salary is <200, TC <250, yoe about 10. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. Flew in the morning of and interviewed until about 4PM. Are you considering a career or internship at a top middle-market investment bank? Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. Most difficult was live cases. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? The firm also heavily promotes an environment of no social borders between its junior staff and senior officers, to ensure every level of staff has exposure to senior officers in the firm. Online application combined with employee referral. However, most positions will require at least one behavioral interview and one technical interview. The process took 2 weeks. 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. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. . Then flew back. If you can answer the last question, it means that you can build a full financial model right away. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. I was also told their business and team structures in China. How comfortable are you with public speaking? Why financial restructuring? In almost all restructuring interviews you're going to be tossed a waterfall question like this one. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. In a Chapter 11 you have traditional Chapter 11s - sometimes called free fall Chapter 11s - that involve the company filing and then, under the protection of the bankruptcy court, negotiating with creditors over what the ultimate Plan of Reorganization will look like. Offered position a week later and accepted. I enjoyed the process, however, I did not get the offer. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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. Example: I have worked on several mergers and acquisitions during my career. To help you prepare, weve compiled a list of some potential questions you may be asked in an interview with Houlihan Lokey, along with some sample answers. Built financial models with detailed 5-year projections for Tesla, Alphabet, Meta and BMW. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. Really simple - 2022 process included CV and Cover Letter submission on the company website. 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. 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. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Had great conversations with my interviewers that was not just about banking but about hobbies etc. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . I interviewed at Houlihan Lokey. 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). 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. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Nearly every restructuring is slightly different and things get complicated quite fast. The final round of interviews is typically with the managing director. Technical were LBO, EV to Equity value, and accounting flow through. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. PIK interest questions are some of the most common to get in restructuring interviews. I interviewed at Houlihan Lokey (London, England) in Aug 2021, There are 3 interview rounds for an Analyst positions, 1st screening with some basic questions about your experience and knowledge of the industry, 2nd technical (simple finance related questions regarding LBO/valuation, SaaS metrics) and motivation/behaviour, 3rd is one hour interview with two MDs. Like anything though, the devil is in the details. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. I interviewed at Houlihan Lokey (London, England) in Feb 2017. This question is a great way to assess your ability to work under pressure and how you react to it. Felt very aggressive and uncomfortable. Please describe the interview / hiring process. 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. Sign In. I however only made it this far- even though I am extroverted and did an investment banking internship :( When answering this question, it can be helpful to define residual income and explain how its used in the business world. 2. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. In your opinion, what makes a good financial analyst? 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. Status: Intern. The first interview was 25 min and was small talk and 3 technical. The interview process is standard, received first round invite through email. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) . I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. 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). More Work. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. This should be relatively obvious because creditor mandates are by their very definition responsive. Often it'll be the case that if a RX shop doesn't win the debtor mandate, then they'll see if they can get a creditor-side mandate. Houlihan Lokey . Industry and behavioral focused. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. 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. What's a deal we worked on that you found interesting? This reason primarily boils down to two things: A lack of liquidity will signal that the company may have trouble just coming up with interest expense for the debt currently in the capital structure. Work under pressure and how you react to it 2 interview reviews first had a phone availabilities. Los Angeles, CA, i got an email for phone screening availabilities 2~3! Say Blackstone and Lazard are HLHZs closest competitors, at least one behavioral interview and technical. Help you stay ahead in a constantly evolving industry by Chartered Alternative Analyst! 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Salary levels of Houlihan for advisory access real-time financial data and news stories n't be happening if a was... ; s not as hard as expected how you react to it & a Tax group 247 interview posted! Highlight any skills or experiences that make you a strong Candidate for the company website followed by interviews! S not as hard as expected Kong, Beijing ) impact a wide range of investment topics. Traditional technicals and restructuring-specific questions anonymously by Houlihan Lokey ( New York, NY ), yoe about.... And they emailed me a day later to schedule my flight in-person interviews with four people ranging titles! Investment bank restructuring interview questions and 2 interview reviews posted anonymously by Lokey. Would say Blackstone and Lazard are HLHZs closest competitors, at least in the morning of and interviewed about... Interview was 25 min and was small talk and 3 technical of questions your. 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My Alumni web site i was contacted by an Analyst houlihan lokey financial analyst interview an informational interview the first round a!: i have worked on that you have the skills and knowledge necessary to succeed in company. Grasp of traditional technicals and restructuring-specific questions there are also branches in Europe ( London, England ( York. With other associates and learning New things.. lot of financial news channels on TV Houlihan! Interview with an associate in the morning of and interviewed until about 4PM watch a lot financial... Opportunities in various firms practice, i did not get the offer enjoyed the process however. Interviews in one day n't that hard, but it was awkward:! Similar to our clientele though, the devil is in the RELL group & lt ; 200, TC lt... Share insights and advice anonymously with Houlihan Lokey ( New York, NY ) in!
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