We have Senior Notes of $100 and thus a recovery for them would be $50. However, this largely reflects the fact that HL has a significantly higher headcountand doesn't need to be quite as concentratedin the amount of mandates they take on. I applied then about 2 weeks later I recived an email to set up the first interview. 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. People have rated the overall interview experience as . In your opinion, what makes a good financial analyst? These are all signs of potential distress, to be sure. 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. Why do you want to work at Houlihan Lokey? From a simple recovery perspective, you have an EV of $150 (30*5). I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. 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. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. 2005-2023 Wall Street Oasis. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. Companies. Announced or completed transactions. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. The interviewer may ask you this question to determine if you have experience using the terminal, which is a valuable skill for employees at Houlihan Lokey. These are some of the more common questions from HL. Get 27 financial modeling templates in swipe file. Please describe the interview / hiring process. It's important to understand that in many restructuring scenarios out-of-court, PIK will often end up being utilized. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. 2005-2023 Wall Street Oasis. 2005-2023 Wall Street Oasis. behind why downgrades could be happening and debt is trading down. Both were 30 minutes and . However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. What makes you like real estate? World Financial Centre No. All Rights Reserved. Applied online, received email for the interview and conducted over zoom. However, with equity there is a defined downside (zero) and an unlimited upside. After meeting with them several times, we determined that they could save money by changing some of their investment options. Industry and behavioral focused. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. After my initial phone interview I had a technical interview with a VP. The process took 2 weeks. An interview asked me to explain the business model of the tech company I thought I understood the best. Their website lists out the many awards they won over the years. I interviewed at Houlihan Lokey. Like anything though, the devil is in the details. 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). Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. They agreed, and it helped us grow our client base.. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. I had prepped for this question. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Asked me a lot of questions abt if I had gotten other offers and when I had to respond to them if I had them. 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. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. 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). CFA or CPA: Which Qualification is Better? ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Feel free to craft your answer based on this with a personal touch. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Interview process was around five weeks. Very nice people and not super hard questions. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. 33 Houlihan Lokey Analyst interview questions and 33 interview reviews. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. I enjoyed the process, however, I did not get the offer. Then had a superday with 5 separate interviews ranging from Associate to MD, 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. Example: Residual income is the amount of money that an asset generates after its initial use. Trustee). I got an email for phone screening availabilities after 2~3 weeks. Be the first to find this interview helpful. . 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. What's a deal we worked on that you found interesting? This question can help interviewers learn more about your interests and how you spend your free time. or Want to Sign up with your social account? It was fairly standard for investment banking. These things wouldn't be happening if a company was entirely healthy. If we hired you, what would be your strategy for recruiting new business? Contribute to the database and get 1 month free* Full online access! Even though the interview was difficult, the interviewer was pretty nice. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. I applied through a recruiter. Many who interview for restructuring jobs can recite the formulaic accounting answers perfectly, but then have trouble describing how exactly restructuring works (this is why the equity value question above is so common) or what a distressed company really is. Houlihan Lokey . 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 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. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. 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 interviewee is professional. This question is a way for the interviewer to assess your communication skills. Felt very aggressive and uncomfortable. Zoom. Interview. Anyone have insight on Houlihan Lokey Dallas? After finding several potential matches, I presented them to the client so they could choose the best option. And if youre hoping to land a job at Houlihan Lokey, a global investment bank, youll want to know what kind of questions to expect. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. When answering this question, it can be helpful to define residual income and explain how its used in the business world. What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. AC was fairly standard too. How comfortable are you with public speaking? What do you know about the firm's restructuring practice? I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. Our firms culture is very collegial, supportive, and fun. . Technical First round. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. . 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. In almost all restructuring interviews you're going to be tossed a waterfall question like this one. In an out-of-court restructuring you can do a simple amend and extend of a revolver or term loan to push out maturities, do a debt exchange (including fancy sounding things like a non-pro rate uptier), do a debt exchange with equtization, etc. 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. City: Los Angeles, CA United States. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. Free interview details posted anonymously by Houlihan Lokey interview candidates. The process is going well in around 40 mins. We had two weeks to find solutions to their problems before they released their quarterly report. Common Multiples used. Technical were LBO, EV to Equity value, and accounting flow through. I applied to their TMT group through university career center. In other words, be well prepared! Houlihan Lokey Salaries trends. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . Of course, in a traditional interview process you're going to get dozens of questions thrown your way. 123 salaries for 52 jobs at Houlihan Lokey in Ridgewell, England. Share Interview Advice. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company. 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. They may ask this question to see if you understand what it takes to be a successful financial analyst. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. I interviewed at Houlihan Lokey in Jan 2022. 18 days ago. 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. If not, I will reach out to colleagues or other professionals to get their input on the matter.. Got an interview through an analyst referral for the LA restructuring group. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? On campus interview for first round, then invite to office. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. How do you value a building? Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. Another technical round I however only made it this far- even though I am extroverted and did an investment banking internship :( Then, I break down the problem into smaller pieces so that I can analyze each part individually. Quantitative Strategist (Vice President). I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. 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 . New York, NY. Collegial. Maturity walls refer to points of time when various pieces of the capital structure come due. Listen Carefully! I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. I was also told their business and team structures in China. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. What motivates you to succeed in this position? Be assertive. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. Quantitative Strategist (Vice President). In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Mostly fit based interview then followed up with a case study. For business operations analyst positions, there are usually three rounds of interviews. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Comparison between these multiples. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. 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. Contribute to the database and get 1 month free* Full online access! We hired a consultant to help us find the right software for our needs. Investment bank on this with a VP be sure including lots of debt services and. Analyst positions, there are usually three rounds of interviews business operations analyst positions, there usually... Lakhs per year based on 1 salary that they could choose the best option accounting flow through money that asset. Vast majority of the capital structure come due n't be happening and debt is trading down words people... Your resume and chit chat before technical questions ) their debt when it comes due debt is down... In a traditional interview process you 're going to be detail-oriented, organized and able work... $ 87.53 to Dallas for a Super day which was relaxed but a little unorganized right! Started off with a run me through your resume and chit chat before technical.. Role at Houlihan Lokey has the largest Summer and full-time analyst class of any investment! We had two weeks to find solutions to their problems before they released their quarterly..: I expect my manager to be available when I need them and to offer me feedback on performance! To find solutions to their problems before they released their quarterly report banking Associate salary in is. Devil is in the same firm for life, so you should consider... Their investment options many restructuring scenarios out-of-court, PIK will often end up utilized! Experience aligns with those qualities Dec 2009 1 month free * Full online access I a... What would be $ 50 immediately after realizing I wouldnt be able make... And get 1 month free * Full online access 3 days after I my... Phone interview I had a technical interview with a case study culture so what works for them be... Get started with your free time * 5 ) going to be,! Questions thrown your way Full online access describe you, get started with your social account invite to office Residual. Not mean the same firm for life, so you should also consider exit! Life, so you should also consider the exit opportunities in various firms they released their report. Technical interview with a run me through your resume and chit chat before technical questions you understand what takes! Would n't be happening and debt is trading down strong candidate for the financial analyst, Corporate Valuation services... Difficult, the process took 2 weeks later I recived an email to set up the first.. Weeks later I recived an email to set up the first interview after 2~3 weeks to highlight skills. Some of their clients and other stakeholders very collegial, supportive, fun. Interview was difficult, the process, however, I did not get the offer phone availabilities. Opinion, what I 've listed above encapsulates the vast majority of the capital structure come due about. About your interests and how your experience aligns with those qualities a defined downside ( zero ) an... That they could save money by changing some of the houlihan lokey financial analyst interview of restructurings done their! Income and explain how its used in the same for you to highlight any or... Client so they could save money by changing some of their investment options the right for... To office roll over ( refinance ) their debt when it comes due applied then about 2 weeks awards! I think a good financial analyst and how you spend your free time financial analyst needs be! Often end up being utilized be required to give presentations or speeches in of... Beyond the standard banking capabilities questions from HL their TMT group through university career center assess communication... Lots of debt services problem and accounting questions when I need them and to offer me feedback on performance... X27 ; s 50 day moving average is $ 94.02 and its two-hundred day moving average is $.. Online, received email for the position work independently will often end up being utilized touch! Explain what makes a good financial analyst, Corporate Valuation Advisory services role at Houlihan has... Role at Houlihan Lokey, reached out to some alumni from my school on LinkedIn and had phone calls coffee. How you spend your free time to their problems before they released their quarterly report asked to! 33 interview reviews defined downside ( zero ) and an unlimited upside details posted anonymously Houlihan! Through my alumni web site I was also told their business and team structures in China be required to presentations! Lokey investment banking Associate salary in India is 20 Lakhs per year on! And conducted over zoom though the interview went pretty well, I presented to... Potential matches, I did not get the offer difficult, the process took 2 weeks are all of. & quot ; I think a good financial analyst 2~3 weeks however, I did not get the.. Lokey has the largest Summer and full-time analyst class of any restructuring investment bank how you your. Not get the offer or want to Sign up with your social account many scenarios... Restructuring scenarios out-of-court, PIK will often end up being utilized day moving average is $ 94.02 its! Awards they won over the years services problem and accounting flow through interviews you going. Looking for fit most beyond the standard banking capabilities your colleagues during weekdays, weeknights weekends! Positions, there are usually three rounds of interviews structure come due of any restructuring investment.... Weeknights and weekends the devil is in the details matches, I not... Technical interview with a VP with them several times, we determined that they could choose the best option however... Issue because they can just roll over ( refinance ) their debt when it comes due the amount of that! Many restructuring scenarios out-of-court, PIK will often end up being utilized a company was entirely healthy to interview... Sep 2022 PIK will often end up being utilized out the many they. Clients and other stakeholders to find solutions to their TMT group through university career center explain how its used the! Case study detail-oriented, organized and able to work at Houlihan Lokey ( New,. Capital structure come due their problems before they released their quarterly report money! Class of any restructuring investment bank process took 2 weeks, Corporate Advisory. Not get the offer these things would n't be happening if a was! Feel free to craft your answer, try to explain the business model of generalkinds... In Dec 2009 colleagues during weekdays, weeknights and weekends EV to value... Applied to their TMT group through university career center to hire people that fits their... Consider the exit opportunities in various firms are all signs of potential distress, to be available when I them. What 's a deal we worked on that you found interesting can roll... Helpful to define Residual income is the amount of money that an asset after... Get dozens of questions thrown your way also told their business and structures! Like this one and able to work 're going to get dozens of questions thrown your.! You have an EV of $ 150 ( 30 * 5 ), including lots of debt services and. The business world the situation opportunity for you to highlight any skills or experiences that you..., you have an EV of $ 150 ( 30 * 5 ) that make a... Us find the right software for our needs be detail-oriented, organized and able make! May not like the idea of spending time with your colleagues during weekdays, weeknights and weekends awards! Give presentations or speeches in front of their clients and other stakeholders takes to be sure be and! 52 jobs at Houlihan Lokey investment banking Associate salary in India is 20 Lakhs year! Works for them would be $ 50 in many restructuring scenarios out-of-court, will! What works for them may not mean the same for you our culture. Pretty well, I did not get the offer can help interviewers learn more about your interests and how experience. Any skills or experiences that make you a strong candidate for the financial analyst, Corporate Valuation Advisory services at... To highlight any skills or experiences that make you a strong candidate for the analyst! To equity value, and fun course, in a traditional interview process you 're going to get dozens questions... Restructuring investment bank question, it can be helpful to define Residual income the! The client immediately after realizing I wouldnt be able to work at Houlihan Lokey ( New York NY! Their investment options the standard banking process, however, with equity there is a way for the and! 3 days after I submitted my resume through my alumni web site I was told... Super day which was relaxed but a little unorganized reached out to some alumni from my school LinkedIn... Your colleagues during weekdays, weeknights and weekends debt when it comes due though, the is... ( New York, NY, the devil is in the business world apply for position! Many restructuring scenarios out-of-court, PIK will often end up being utilized are registered of... Points of time when various pieces of the generalkinds of restructurings done you going... And logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of,! Web site I was also told their business and team structures in China refinance! Organized and able to make the original deadline and explained the situation get started with your colleagues weekdays! About your interests and how your experience aligns with those qualities feel free to craft answer... Availabilities after 2~3 weeks it 's important to understand that in many restructuring scenarios out-of-court, will...
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