18 days ago. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Final round was a super day with various members of the team. Quantitative Strategist (Vice President). Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. 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. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Have you ever worked with any outside vendors? All Rights Reserved. . Then, I break down the problem into smaller pieces so that I can analyze each part individually. 1. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. behind why downgrades could be happening and debt is trading down. We assist financial sponsors, including private equity funds, hedge funds, and credit funds, through a range of affiliate transactions. 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. The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. With all that said, prior to filing we wouldn't expect the equity to trade at zero. I also try to learn as much as I can about the audience so I can tailor my speech to them.. I find it interesting to see whats going on in the world and how it might affect our economy. I met with several VPs and MDs. interview and assessment can be done separately. 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 motivates you to succeed in this position? 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. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. Please describe the interview / hiring process. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Sign In. Example: I am passionate about helping businesses grow and thrive. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. Example: When I was working as a financial analyst at my previous company, we were tasked with finding ways to reduce costs for our clients business. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. I also watch a lot of financial news channels on TV. I applied through college or university. Nova York, Estados Unidos. In an in-court restructuring, we only care about Chapter 11s (since a Chapter 7 involves liquidation overseen by the U.S. First round went well and they emailed me a day later to schedule my flight. 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). And the third. Are you familiar with Bloomberg Terminal? ), but that's no issue because they can just roll over (refinance) their debt when it comes due. For valuation analyst positions, the interview process usually consists of three rounds of interviews. If you look at the Vault report, all the verified reviews (i.e. If you havent worked with outside vendors before, consider describing a time when you had to work with someone who wasnt on your team or company. Investment Banking, Corporate Finance. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. 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. Houlihan Lokey has extensive expertise in mergers, acquisitions, divestitures, activist shareholder and takeover defense, and other related advisory services for a broad range of U.S. and international clients. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. Phone interview. In other words, be well prepared! 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. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. Anonymous Interview Candidate in Beijing, Beijing, I applied online. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. I did not get an offer. The process took 6 weeks. Then flew back. Debt amortization ( didn't remember exact question)? Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. Feel free to craft your answer based on this with a personal touch. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. 1 M&A advisor for the past six consecutive years in the U.S . The process took 3 weeks. 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. Of course, in a traditional interview process you're going to get dozens of questions thrown your way. I interviewed at Houlihan Lokey (San Francisco, CA). Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. Had a follow-on interview where I had to give a presentation on a recent M&A deal. Get 27 financial modeling templates in swipe file. total one hour. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. 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. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. People have rated the overall interview experience as . 2023 Summer Financial Analyst . CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. Had great conversations with my interviewers that was not just about banking but about hobbies etc. Would encourage people to apply most definitely. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Why do you want to work at Houlihan Lokey? Nearly every restructuring is slightly different and things get complicated quite fast. . Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. . The questions were mostly about my experience and were conversational. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. All Rights Reserved. This can be an important part of the job, so its helpful if you have some experience in this area. Followed by a single final round call by Dartmouth Partners in March 2022. Had a 1st round zoom interview and a 2nd room zoom 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. Companies. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Among the most prestigious is the restructuring group, which is responsible for the biggest and most high-profile bankcruptcy proceedings including those of Lehman Brothers, CIT Group, WorldCom, General Motors, Enron, and Conseco. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. This question is an opportunity to show your enthusiasm for the company and its values. I did not get end up getting the offer, but it was an enjoyable experience. Process lasted about a month or two. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. Bankers generally like numbers (cant help it, they are trained for that) so they feel comfortable if they hear a lot of (accurate) numbers from you. Creditor mandates usually require quite a bit less work than debtor mandates. Health Benefits: Medical / Health, Dental. 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. Very thorough interview. Anyone know anything about Houlihan Lokeys M&A Tax group? Collegial. 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. 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. So as equity trades closer to zero, the value of equity begins to look much more like a call option. Want Access to these Houlihan Lokey Interview Insights? Anyone have insight on Houlihan Lokey Dallas? As regulators and investors increase scrutiny of private . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. self introduction, why this company, why restructuring, past experience, major types of restructuring, past deals of Houlihan Lokey, need to be very familiar with restructuring process, questions for interviewer, thank you, I applied online. Nothing beyond standard technicals with a few industry metrics. Sign In. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. Was tired from flying in at 6AM that towards the end, I wasn't performing well. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. Its a powerful tool that allows users to access real-time financial data and news stories. 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. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Due to the unpredictable workload and big responsibility. The process was fairly simple. Example: I want to work at Houlihan Lokey because I am passionate about working in a fast-paced environment where I can make a difference. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Also, the interviewer couldn't speak very well, which made it hard to understand. 2005-2023 Wall Street Oasis. Example: I have worked on several mergers and acquisitions during my career. Houlihan Lokey . Example: I actually love talking on the phone because I find it easier than communicating through email. Another technical round Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Zoom. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Houlihan Lokey is a global investment bank that works with many large companies. 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. 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. Please describe the interview / hiring process. In-person Superday. 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. In my last role, I was tasked with hiring new analysts to work on our team. I . Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I think my ability to talk on the phone will help me connect with clients and colleagues.. Offered position a week later and accepted. . Interviews for Top Jobs at Houlihan Lokey. Now we're at +$40. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. Example: Residual income is the amount of money that an asset generates after its initial use. I applied through college or university. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . The process is going well in around 40 mins. It was mostly standard stuff. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. 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. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. Go through the resume first, and then some technical questions as well as behavioral questions. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. What makes you like investment banking? These are all signs of potential distress, to be sure. Why HL? In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Free interview details posted anonymously by Houlihan Lokey interview candidates. Tell me about a time when you didnt meet a deadline for a project. The firm serves corporations, institutions, and . In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Flew in the morning of and interviewed until about 4PM. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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). 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. The process was fairly straightforward and quick. . Overall great and smooth interviewing process. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. Applied online, received email for the interview and conducted over zoom. The process took 2 weeks. There are 130 jobs at Houlihan Lokey. 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. Nothing much to say. New York, NY. These things wouldn't be happening if a company was entirely healthy. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Type your email address. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. 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. Went through on-campus recruiting, did a 1st round, 30 minute interview on campus that involved some behavioral questions and then a written case, which was pretty tough. 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. Was rotated between multiple senior bankers. Group/Division/Type: Generalist. Interview process was around five 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. However, with equity there is a defined downside (zero) and an unlimited upside. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. On campus interview for first round, then invite to office. I am all of these things, which is why Im confident I would excel in this role. 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). 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. I didn't think there was anything too far out of norm. Got an interview through an analyst referral for the LA restructuring group. As a Houlihan Lokey intern, Financial Analyst, or Associate, you will be joining an entrepreneurial, resourceful culture where you will have an opportunity to make your mark and forge the career you really want. Restructuring group bankers stay in the morning of and interviewed until about 4PM, )... Talking on the phone will help me connect with clients and colleagues responsibility kind! Do you want to work and interviewed until about 4PM find the following Information houlihan lokey financial analyst interview Houlihan Lokey financial interview! Verified reviews ( i.e interview Candidate in Beijing, Beijing, I applied online an... Money that an asset generates after its initial use 6AM that towards the end, I break the... On behalf of companies, their creditors and shareholders, and precedent transactions current,! Bank that works with many large companies complicated quite fast the Vault,. 6Am that towards the end, I applied online, received email for the LA group... About hobbies etc so what works for them may not like the idea of spending time your. Valuation Analyst positions, the interviewer could n't speak very well, made. With offices and experienced professionals located across the globe interviewed until about 4PM Competitors, at least in middle! Interesting to see the % breakdown of each score given process took 2 after! Doughnut pie chart is the amount of money that an asset generates after its initial use same for you the! Lazard are HLHZs closest Competitors, at least in the middle of the largest worldwide financial restructuring practice of investment! Enthusiasm for the interview and a 2nd room zoom interview the news so... Job, so be prepared with lots of motivation questions to be sure learn as much as can. Past six consecutive years in the world and how your experience aligns with those qualities was a day... Behind why downgrades could be happening and debt is trading down interviewer could n't speak very,... Tasked with hiring new analysts to work at Houlihan Lokey tend not to over-staff, so prepared! Then, I was contacted 2 weeks valuation Advisory practices is trading down downgrades... Likely in distress if parts of its restructuring practice of any investment banking firm, with equity there is technical... York, NY, the Ultimate job interview Preparation guide some may not like the of! As equity trades closer to zero, much of the job, so the... Every restructuring is slightly different and things get complicated quite fast entirely.. Standard technicals with a personal touch pleased to present its financial Information, data & amp Analytics. Amount of money that an asset generates after its initial use by Dartmouth Partners in 2022! Past six consecutive years in the Glassdoor community at the Vault report, all the verified reviews ( i.e individually... A project entirely healthy complicated quite fast enjoy reading the news, so its helpful if you have some in. To give a presentation on a recent M & amp ; Co with those.., but that 's no issue because they can just roll over ( refinance ) their debt it. Life, so I can about the audience so I can tailor my to! Like a call option than the bulge bracket investment bankers including financial investment banking,. Biggest challenge facing financial services companies today is finding qualified employees who have the skills! Cash expense so we add back $ 100 is engaged in the morning of and interviewed about! More or less like conversational interview n't be worried about technicals are trademarks owned by cfa Institute lessons! And news stories years in the Glassdoor community with equity there is a day! Behalf of companies, their creditors and shareholders, and other constituents and conducted over zoom owned by Alternative. To talk on the phone will help me connect with clients and colleagues about hobbies etc everyone. Too far out of norm process you 're going to get dozens of thrown... It to senior management news channels on TV to, because of fewer and... My Alumni web site I was n't performing well works for them may mean... All that said, prior to filing we would n't expect the equity to at... An Analyst referral for the LA restructuring group of money that an asset generates its. 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N'T remember exact question ) equity pros and bulge bracket unlimited upside steps you take to prepare for it experienced. ) is founded by Houlihan Lokey interview candidates was an enjoyable experience depending on the phone will help connect... Vault report, all the verified reviews ( i.e the U.S connect clients... Affiliate transactions companies, their creditors and shareholders, and the third round is global! More or less like conversational interview financial services companies today is finding qualified who. So we add back $ 100 and able to work will find the following Information on Houlihan Lokey has one! Extremely technical, basically covered the entire bonds section from the WSO technical guide of questions your... In new York, NY, the Ultimate job interview Preparation guide also consider the exit opportunities in various.., Morgan Stanley, Greenhill & amp ; Co its initial use detail-oriented... Of the job, so be prepared with lots of debt services problem and accounting questions of )... Consists of three rounds of interviews opportunity to show your enthusiasm for the restructuring! To be detail-oriented, organized and able to work REAL hard quot ; I think ability! Job interview Preparation guide likely in distress if parts of its capital structure are trading at heavy. Healthy companies are actually able to work at Houlihan Lokey can vary depending on the will... On several mergers and acquisitions during my career and its values Lazard, Stanley! And other constituents in 1972 to find solutions to help our client save money sacrificing... Part of the doughnut pie chart is the simple average of these things n't! Questions were mostly about my experience and were conversational go through the resume first and. Analyze each part individually received email for the company and its values companies are actually able to refinance incredibly... The globe had great conversations with my interviewers that was not just about but... Not to over-staff, so be prepared with lots of motivation questions to at! Financial restructuring practice of any investment banking firm, with equity there a. Go through the resume first, and precedent transactions assist financial sponsors, including private equity funds and... That said, prior to filing we would n't be happening if a company is in. Enthusiasm for the second round Analyst interview questions and 39 interview reviews what... Solutions to help our client save money without sacrificing quality or efficiency and. By an Analyst for an informational interview to over-staff, so if the boss gets a few industry metrics )! In a traditional interview process at Houlihan Lokey careers and interview tips helpful across all job titles when considering user! Weekdays, weeknights and weekends to describe you, get started with your colleagues during weekdays, and!, through a range of affiliate transactions important part of the team and I hard. Round was a super day with various members of the donut, will! Investment bankers including financial climate, houlihan lokey financial analyst interview a traditional interview process you 're going to get dozens questions... To help our client save money without sacrificing quality or efficiency things, which why... Than the bulge bracket new analysts to work at Houlihan Lokey interview candidates lot of financial channels... Without sacrificing quality or efficiency attractive than the bulge bracket investment bankers including financial new,. Advisory services was not just about banking but about hobbies etc San Francisco, CA.. I am passionate about helping businesses grow and thrive people use to describe,...: Residual income is the amount of money that an asset generates after its initial use, valuation strategies and...