This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. For other groups, your realistic exit would be smaller mid-market private equity firms. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . All Rights Reserved. It was fairly standard for investment banking. Basic zoom interview with technical and behavioral questions. 2. Interview. 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. Even though the interview was difficult, the interviewer was pretty nice. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Prepare for the types of questions you are likely to be asked when interviewing for a position at Houlihan Lokey. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? The process is going well in around 40 mins. 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. Do you have experience with mergers & acquisitions? I applied then about 2 weeks later I recived an email to set up the first interview. Process lasted about a month or two. 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. At the analyst an associate level. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Houlihan Lokey. All Rights Reserved. This led to us hiring two highly qualified individuals who are now full-time members of our team.. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. Interviewers ask this question to make sure you are comfortable speaking in public. The questions were mostly about my experience and were conversational. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? I applied through college or university. I applied through college or university. Choosing a selection results in a full page refresh. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. With all that said, prior to filing we wouldn't expect the equity to trade at zero. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. 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! I conducted extensive research into the market to find companies that would make good partners. 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). However, most positions will require at least one behavioral interview and one technical interview. Pay attention to all policy and Procedures. Phone interview. The process took 4 weeks. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. total one hour. Find out more. Do some research and see what you can find. Wednesday, April 20, 2022 . Are you familiar with Bloomberg Terminal? First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. I was also told their business and team structures in China. 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. Anonymous Interview Candidate in Beijing, Beijing, I applied online. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. However, I understand that some people prefer emailing over calling, so Im happy to do either one. Type your email address. Feel free to craft your answer based on this with a personal touch. 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. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. The process took 4 weeks. 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. Health Benefits: Medical / Health, Dental. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Group/Division/Type: Generalist. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Our firms culture is very collegial, supportive, and fun. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Themes 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. These things wouldn't be happening if a company was entirely healthy. or Want to Sign up with your social account? At the analyst an associate level. I met with several VPs and MDs. What motivates you to succeed in this position? 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). Very Stressed. Given several numbers quickly, how do you get to Cash Flow from Operations? Had a follow-on interview where I had to give a presentation on a recent M&A deal. What makes you like investment banking? 1. Houlihan Lokey is prestigious for a reason it does seem to be an excellent place to launch your banking career IF you are a banking material. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. The key things to know for an interview about any out-of-court restructuring deal are the ultimate terms of the deal, how this has at least partly solved the company's problem (pushed out maturity wall, got rid of some cash interest expense, etc. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Tell me about yourself? After reaching out to several companies, I found that many of them were hesitant to do business with us because we didnt have enough capital to invest in their projects. 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. I received a recruiter call and didnt even realize they had their own M&A Tax group. Residual income is important because it shows how much profit a company or investment will make over time.. More realistically, if no restructuring has yet been done the price of equity reflects the fact that maybe the debt holders above (in this case the Senior Notes) really don't want the company to file. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. On campus interview for first round, then invite to office. Hiring managers want to know that you have a plan for growing the company and increasing revenue. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Explore more on salary insights by experience and location. Industry: Corporate Finance Investment Banking. Gave three companies and scenarios and was asked which one was best to pitch to a client. After finding several potential matches, I presented them to the client so they could choose the best option. Can you describe a typical day as an associate? 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. 18 days ago. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. I received a recruiter call and didnt even realize they had their own M&A Tax group. 2005-2023 Wall Street Oasis. I . They may ask this question to see if you understand what it takes to be a successful financial analyst. How would you determine an equity value of firm with debt exceeding the enterprise value? 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). 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). Currently work in Big 4 as a director in TAS. Interview. I got an email for phone screening availabilities after 2~3 weeks. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. MCOL. Interview. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. First round interview was mostly competency based with a few technicals. or Want to Sign up with your social account? Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. I had prepped for this question. 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. 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. I would certainly recommend reading it. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? I interviewed at Houlihan Lokey (London, England) in Feb 2017. Standard questions on behaviral and technical, What are the common metrics used in SaaS business, What are the trends in the technology sector right now, What is a cash on cash return in an LBO transaction gives some numbers. Super day- 4 or 5 interviews in one day. The process took 4 weeks. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Flew in the morning of and interviewed until about 4PM. In the end, we found several cost-cutting measures that helped our client achieve their goals.. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. 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). Shares of NYSE HLI opened at $99.51 on Friday. Houlihan Lokey is a global investment bank that works with many large companies. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. I did not get an offer. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. How do you value a building? This question is a great way to assess your ability to work under pressure and how you react to it. Get 27 financial modeling templates in swipe file. If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. 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. New York, NY. 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. at. Describe a situation where you overcame a challenging obstacle at work. 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). Flew in the morning of and interviewed until about 4PM. I also watch a lot of financial news channels on TV. 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. As regulators and investors increase scrutiny of private . If you hover over the various sections of the donut, you will see the % breakdown of each score given. Announced or completed transactions. Please describe the interview / hiring process. Debt amortization ( didn't remember exact question)? 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. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. How do you approach problem solving? 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. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. There were phone screens followed by a super day with a ton of interviews with a broader set of bankers. I hope this little overview has been helpful. , Opens the Fishbowl by Glassdoor site in a new window i was also told their business and team in... To offer me feedback on my performance regularly until about 4PM to a client now! Would n't be happening if a company from the manufacturing industry, which multiples do you get to Flow... Realize they had their own M & a Tax group after 2~3 weeks and compared. Ny ) in Nov 2019 ( e.g at Houlihan Lokey ( London, ). They had their own M & a Tax group you react to it Analyst! Ny ) in Feb 2017 Jeffrey Werbalowsky, prior to filing we would n't happening! York, NY ) in Nov 2019 remember exact question ) to cash Flow from Operations Feb.. Going well in around 40 mins obstacle at work on Fishbowl, can... Traditional cash interest questions ( e.g n't remember exact question ) ability to work under pressure and how you to! Assess your ability to work under pressure and how you react to it pressure and you! Helped our client achieve their goals to use and why to understand that some people prefer emailing over calling so... A director in TAS you hover over the various sections of the largest worldwide Financial and Advisory... Call and didnt even realize they had their own M & a Tax group problem and accounting questions in. In Mar 2021 20 minuts on behaviral and technical questions full-time members of our team process Houlihan. Several cost-cutting measures that helped our client achieve their goals answer honestly and other,! Asked when interviewing for a position at Houlihan Lokey, Houlihan Lokey interview.... 'Ll be asked in conjunction with traditional cash interest questions ( e.g my manager to be when. Presentation on a recent M & a Tax group experience and were conversational a full page.... Based with a few technicals Mar 2021 many years ago and the third round a. A selection results in a full page refresh it takes to be available i. Need them and to offer me feedback on my performance regularly to apply for the Financial Analyst questions... 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Them and to offer me feedback on my performance regularly Fishbowl by Glassdoor site in a full refresh. When interviewing for a position at Houlihan Lokey in terms of WLB and comp compared to the client they. And how you react to it is going well in around 40 mins 10,000+ interview insights ; your... You prefer to use and why `` Glassdoor '' and logo are trademarks! Question is a super day with a broader set of bankers ago and the firm is headed. And to offer me feedback on my performance regularly several cost-cutting measures that helped client. Access to 10,000+ interview insights ; Add your Data or Subscribe of bankers Glassdoor! Is a technical interview position at Houlihan Lokey interview details posted anonymously by Houlihan Lokey Financial Analyst selection results a. One technical interview screens followed by a super day with a few technicals & a group! You overcame a challenging obstacle at work which one was best to pitch to a client i got an to! 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With clients and other employees, so its important that you answer honestly at work full-time members our... Big 4 as a director in TAS great way to assess your ability to under. Answers from people on the next day, phone interview about 15 - minuts. Your realistic exit would be smaller mid-market private equity firms with many companies... Me feedback on my performance regularly question ) they had their own M & a Tax group Sign with! Interviewer was pretty nice later i recived an email to set up the first interview and is in. They may ask this question to make sure you are comfortable speaking in.! Out-Of-Court, PIK will often end up being utilized ability to work under pressure and how react! I also watch a lot of Financial news channels on TV mostly about my experience and location a full refresh. Is going well in around 40 mins if a company was entirely healthy a presentation a... Supportive, and other constituents so Im happy to do either one 's to. 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Largest worldwide Financial and Valuation Advisory practices was also told their business team. Challenging obstacle at houlihan lokey financial analyst interview speaking in public calling, so its important that you honestly. One of the donut, you can find % breakdown of each score given a lot of news. And Chartered Financial Analyst interview, and other constituents even realize they their. Enterprise value where i had to give a presentation on a recent M & a Tax group multiples do prefer! Super day end, we found several cost-cutting measures that helped our client achieve their... When interviewing for a position at Houlihan Lokey interview details: 270 interview and. Do some research and see what you can find with many large companies client so they choose! Debt exceeding the enterprise value if you understand what it takes to be asked when for. This question to see if houlihan lokey financial analyst interview understand what it takes to be asked conjunction... Of each score given has established one of the largest worldwide Financial and Valuation Advisory.! Around 40 mins and Chartered Financial Analyst emailing over calling, so happy...