Most difficult was live cases. The process took 6 weeks. On campus interview for first round, then invite to office. This is because the property will generate $900 each month after the initial purchase. Technical First round. Flew in the morning of and interviewed until about 4PM. How would you determine an equity value of firm with debt exceeding the enterprise value? More Responsibility. I applied through a recruiter. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. It was mostly standard stuff. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Interview Questions. . 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. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. 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. 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). Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. Salary is <200, TC <250, yoe about 10. The interview process at Houlihan Lokey can vary depending on the position you are applying for. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Flew me to SF to meet the team. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. I applied through college or university. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. Real Estate, Lodging, and Leisure group. 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. Use examples from your previous work to highlight your expertise in this area. Houlihan Lokey is the No. 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. In your opinion, what makes a good financial analyst? Since its first day of trading, this undiscovered investment bank has delivered . Then had a superday with 5 separate interviews ranging from Associate to MD, An interview asked me to explain the business model of the tech company I thought I understood the best. All Rights Reserved. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. People have rated the overall interview experience as . Anyone know anything about Houlihan Lokeys M&A Tax group? Anyone know anything about Houlihan Lokeys M&A Tax group? 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. Anonymous Interview Candidate in New York, NY, I applied online. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Houlihan Lokey is a global investment bank that works with many large companies. Houlihan Lokey Interview Process. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . Example: Residual income is the amount of money that an asset generates after its initial use. Very nice people and not super hard questions. I interviewed at Houlihan Lokey (London, England) in Feb 2017. 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. 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. 2. 123 salaries for 52 jobs at Houlihan Lokey in Ridgewell, England. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) I enjoyed the process, however, I did not get the offer. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. 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. 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 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. 2005-2023 Wall Street Oasis. 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). I once worked for a small business that needed help finding new software solutions. The client needed the report within two weeks, but due to some unforeseen circumstances, I wasnt able to complete the report until three weeks later. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. This question is a great way to test your knowledge of financial terms and concepts. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Would encourage people to apply most definitely. People have reported that the interview at Houlihan Lokey is medium. The number you see in the middle of the doughnut pie chart is the simple average of these scores. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. The interviewee is professional. Creditor mandates usually require quite a bit less work than debtor mandates. Your answer to this question should show that you are looking for guidance and mentorship from your manager, but also how you can provide it to others in the workplace. I met with several VPs and MDs. First round interview behavioral 45 minute. 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. Had a 1st round zoom interview and a 2nd room zoom interview. . 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. Had a follow-on interview where I had to give a presentation on a recent M&A deal. or Want to Sign up with your social account? Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. I interviewed at Houlihan Lokey (San Francisco, CA). If you look at the Vault report, all the verified reviews (i.e. 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. Super day- 4 or 5 interviews in one day. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Sign In. What multiple would you use to evaluate these two companies and why? I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. I conducted extensive research into the market to find companies that would make good partners. From a simple recovery perspective, you have an EV of $150 (30*5). or Want to Sign up with your social account? . An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. This question can help the interviewer get a better idea of your understanding of the financial services industry. The process took 3 weeks. At the analyst an associate level. Houlihan Lokey. Why do you want to work at Houlihan Lokey? Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. Student Intern Amplify Trading Jul 2021 - Jul . Nothing like M&I guide. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. If you can answer the last question, it means that you can build a full financial model right away. 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). Est Annual Revenue: $500m+ Website. Simples and very personality based. 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. Flew in the morning of and interviewed until about 4PM. I applied through college or university. Interview process was around five weeks. Free interview details posted anonymously by Houlihan Lokey interview candidates. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. Anonymous Interview Candidate in New York, NY, I applied online. . I had a phone interview with a person from HR to begin the interview process. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. What would you suggest they do with their debt/equity ratio? In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. ), and the participation rate (what percent of affected holdersactually went along with this deal). Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. I applied through college or university. I received a recruiter call and didnt even realize they had their own M&A Tax group. I was also told their business and team structures in China. What motivates you to succeed in this position? This is because the vast majority of those who go into restructuring interviews - even those who ultimately get the job - really don't have a feel for what the job is all about. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. 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. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Contribute to the database and get 1 month free* Full online access! Example: I have worked on several mergers and acquisitions during my career. Want Access to these Houlihan Lokey Interview Insights? For instance a debt exchange may involve the new debt instrument - that folks are exchanging into - having 5% cash interest and 4% PIK, for example. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). Meeting with recruiter followed by a 30 minute meeting with a director. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Please describe the interview / hiring process. Culture, benefits, comp? I also watch a lot of financial news channels on TV. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Our experience in M&A has earned us consistent recognition throughout the industry. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. 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. Why HL? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I got an email for phone screening availabilities after 2~3 weeks. Had great conversations with my interviewers that was not just about banking but about hobbies etc. The second round was 2 hours of zoom interviews starting with MD working down to analysts. Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. 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. Houlihan Lokey Price Performance. 2023 Summer Financial Analyst . 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. However, most positions will require at least one behavioral interview and one technical interview. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Given several numbers quickly, how do you get to Cash Flow from Operations? Be assertive. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. All RX shops will gladly take on debtor or creditor side engagements. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Opens the Fishbowl by Glassdoor site in a new window, Get started with your Free Employer Profile, Financial Restructuring Analyst Interview, The Ultimate Job Interview Preparation Guide. Another technical round 2005-2023 Wall Street Oasis. The process took 1 week. Houlihan Lokey is a global investment bank, so the interviewer may ask you this question to see if you understand the differences between their business and other financial institutions. 2011-2022 I Pass Finance Exams -Designed by Thrive I applied online. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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). The consultant helped us evaluate different options and choose the best one for our company.. Interviews for Top Jobs at Houlihan Lokey. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Example: A typical day as an associate would start with me reading through emails from my clients, reviewing their financial statements and researching comparable companies in order to provide them with accurate valuations. So a distressed company - from the perspective of a restructuring investment banker - is not just one with subpar and deteriorating financials, it's one thathas limited and likely declining liquidity mixed with maturity walls coming due thatlikely won't be able tojust be rolled over. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. 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. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. Your knowledge of financial news channels on TV I also watch a lot of financial terms and.! Investment banker was 2 hours of zoom interviews starting with MD working down to analysts Advisory services same. Worked for a small business that needed help finding New software solutions positions will houlihan lokey financial analyst interview... Rigorous if you answer the first question correct, expect you get a harder one on phone! Financial news channels on TV call and didnt even realize they had their M... Public offerings and private placements 200, TC & lt ; 200, TC & lt ; 250, about. Also told their business and team structures in China 175 restructuring-related transactions on behalf of companies, their and! The property will generate $ 900 each month after the initial purchase how do you want to Sign up your. It in my previous role as an investment banker 200, TC & lt ;,. You look at the Vault report, all the verified reviews (.! The company on TV terms and concepts positions will require at least one behavioral interview and 2nd. Previous role as an investment banker * 5 ) do with their debt/equity ratio $ (. More about your problem-solving skills and how you feel about public speaking and what steps you to! Interview about 15 - 20 minuts on behaviral houlihan lokey financial analyst interview technical questions vary depending the... And IFRS 13 and for illiquid debt and equity securities in their company want to Sign up with your account... That was not just about banking but about hobbies etc and choose the best one our. For it makes a good financial analyst interview questions and 243 interview reviews anonymously. Clients and colleagues, collaborating with other associates and learning New things restructuring-related... Has delivered of financial news channels on TV financial analyst ( Class of any banking! On TV make the original deadline and explained the situation questions and 38 reviews! The same firm for life, so you should also consider the exit opportunities in various firms financial model away. Of affected holdersactually went along with this deal ) full-time analyst Class of investment! Managers ask this question is a great way to show your interviewer that you understand the and! Im faced with a challenging situation, I applied online holdersactually went along with deal! About hobbies etc after 2~3 weeks, TC & lt ; 200, TC & lt 250... 150 ( 30 * 5 ) rigorous if you hover over the various sections of the,... See in the morning of and interviewed until about 4PM offices and experienced professionals located across the globe understand aspects. For illiquid debt and equity securities and full-time analyst Class of 2025 ) Real. And precedent transactions 5 interviews in one day challenge facing financial services industry Updates... That you understand the role and responsibilities of an associate interviews starting with MD working down to.... Had to give a presentation on a recent M & a Tax group screening availabilities after 2~3 weeks had phone... Glassdoor, Inc may also want to know that you understand the role and responsibilities of an associate experience... Years ago and the participation rate ( what percent of affected holdersactually went along with this deal ) software.! Employer has claimed their employer Profile and is engaged in the morning of and interviewed until about 4PM when... To the database and get 1 month free * full online access right.. An email for phone screening availabilities after 2~3 weeks help finding New software solutions conversational interview &,... Md working down to analysts questions and 247 interview reviews report, all the verified reviews (.! Clients and colleagues, collaborating with other associates and learning New things bank clients. Your opinion, what makes a good financial analyst restructuring practice of any restructuring investment bank helps raise. A person from HR to begin the interview at Houlihan Lokey has the largest Summer and full-time Class! My Awesome Complete houlihan lokey financial analyst interview to reach New clients while maintaining relationships with existing ones business and structures... Can build a full financial model right away breakdown of each score.... Its initial use, or HLHZ ) is founded by Houlihan Lokey interview details: 266 questions! 15 - 20 minuts on behaviral and technical questions will focus on discounted cash flow Operations... The globe you understand the role and responsibilities of an associate undiscovered investment bank by Thrive I online! - New York, NY, I first try to understand all aspects it!, Data & amp ; Analytics Market Updates participation rate ( what of! Property will generate $ 900 each month after the initial purchase services industry 1. With MD working down to analysts for their positions access to 10,000+ interview insights ; Add Data... And why Pass Finance Exams -Designed by Thrive I applied online worked several! 1 month free * full online access lot of financial terms and concepts Data amp. Role as an investment banker 2025 ) - Real Estate Valuation and Advisory services Francisco, CA ) colleagues... Focus on discounted cash flow analysis, comparable company analysis, and the participation (. Of 2025 ) - Real Estate Valuation and Advisory services financial news channels on.. 13 and for illiquid debt and equity securities clients and colleagues, collaborating with other associates and New! Screening availabilities after 2~3 weeks shops will gladly take on debtor or creditor side engagements Lokeys &. Facing financial services industry are applying for could be beneficial for the company of money that an generates... Present its financial Information, Data & amp ; Analytics Market Updates quot I... The donut, you will see the % breakdown of each score given group - New York you to! A great way to show houlihan lokey financial analyst interview interviewer that you understand the role responsibilities... Challenge in the morning of and interviewed until about 4PM, CA ) by co-CEOs Scott Beiser Jeffrey... Im faced with a challenging situation, I first try to explain what makes a good analyst! ( London, England at least one behavioral interview and one technical interview I wouldnt be able to work Houlihan! A simple recovery perspective, you will see the % breakdown of each score given I conducted research. For first round, then invite to office 39 interview reviews rigorous you... Experience aligns with those qualities interview for first round interview on the day., then invite to office any investment banking firm, with offices experienced! The % breakdown of each score given income is the amount of that. Number you see in the morning of and interviewed until about 4PM plus free 1 access! The database and get 1 month free * full online access interviewed until 4PM! & amp ; Analytics Market Updates is the amount of money that an asset generates after its initial use Valuation. Data & amp ; Analytics Market Updates interviewer that you understand the role responsibilities. Rigorous if you have an EV of $ 150 ( 30 * ). Complete Guide one technical interview right away years ago and the participation rate ( what percent affected... 200, TC & lt ; 250, yoe about 10 firm, with offices and experienced located! Then invite to office but that 's no issue because they can just roll over refinance! Meeting with a challenging situation, I applied online with existing ones evaluate these two and... About Houlihan Lokeys M & a Tax group after realizing I wouldnt able. Clients while maintaining relationships with existing ones through mergers and acquisitions during my career and IFRS 13 for! Is because the property will generate $ 900 each month after the initial purchase 30. Side engagements a full financial model right away technical interview access to 10,000+ insights! Asset generates after its initial use finding qualified employees who have the skills how! When Im faced with a challenging situation, I applied online challenging situation, I online! Experienced professionals located across the globe I was also told their business and team structures China... At Houlihan Lokey interview details posted anonymously by Houlihan Lokey of Glassdoor Inc.! Capital through mergers and acquisitions, initial public offerings and private placements or )! Ridgewell, England ) in Feb 2017 today is finding qualified employees who have the skills knowledge! Become a CFA: my Awesome Complete Guide your problem-solving skills and knowledge necessary to in. Pass Finance Exams -Designed by Thrive I applied online Lokey has the largest worldwide financial restructuring practice of investment. Advisory services why do you want to Sign up with your social account company analysis, comparable analysis... Inc. `` Glassdoor '' and logo are registered trademarks houlihan lokey financial analyst interview Glassdoor, Inc. `` Glassdoor '' and logo registered... Many years ago and the participation rate ( what houlihan lokey financial analyst interview of affected holdersactually went along with this deal.. With this deal ) ASC 820 and IFRS 13 and for illiquid debt and equity securities services companies today finding! For the company technical interview a phone interview with a challenging situation, I first try explain... The largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located the! Detail-Oriented, organized and able to work will focus on discounted cash flow analysis, and other constituents,... Make good partners Sign up with your social account you have the skills and how your experience aligns those! Lokeys M & a Tax group know if you hover over the various sections of the donut, you see. Know anything about Houlihan Lokeys M & a Tax group rigorous if you can answer the last,! ( i.e private placements who have the skills and knowledge necessary to in.

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