Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) Anyone know anything about Houlihan Lokeys M&A Tax group? 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. Residual income is important because it shows how much profit a company or investment will make over time.. Too Cozy? When answering this question, it can be helpful to define residual income and explain how its used in the business world. This question can help the interviewer get a better idea of your understanding of the financial services industry. Can you describe a typical day as an associate? Interview Questions. . Group/Division/Type: Generalist. How do you value a building? 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. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. Salary is <200, TC <250, yoe about 10. 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. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . Companies. Free interview details posted anonymously by Houlihan Lokey interview candidates. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. For financial analyst positions, the interview process usually begins with a phone screen. They agreed, and it helped us grow our client base.. 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. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). 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. Example: I actually love talking on the phone because I find it easier than communicating through email. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. City: Los Angeles, CA United States. Have you ever worked with any outside vendors? Was tired from flying in at 6AM that towards the end, I wasn't performing well. I also watch a lot of financial news channels on TV. Can anyone speak to the salary levels of houlihan for advisory? 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. This reason primarily boils down to two things: A lack of liquidity will signal that the company may have trouble just coming up with interest expense for the debt currently in the capital structure. Can anyone speak to the salary levels of houlihan for advisory? those written by existing HLHZ employees) give out raving reviews. 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. Use examples from your previous work to highlight your expertise in this area. total one hour. 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. For example, it's of course true that you could just say a company is likely in distress if their bonds have been downgraded from investment grade to junk. What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. . On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. We hired a consultant to help us find the right software for our needs. Flew me to SF to meet the team. Make sure review accounting related knowledge. As regulators and investors increase scrutiny of private . Very thorough 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. Houlihan Lokey Price Performance. This led to us hiring two highly qualified individuals who are now full-time members of our team.. 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. This question is an opportunity to show the interviewer that you are motivated by more than just money. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. View job. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. Additionally, the culture is one where you never feel like another number; all the senior officers in my group know me by name, which is very different than my previous employer. ~ Vault Report. Comparison between these multiples. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Be assertive. Interviews for Top Jobs at Houlihan Lokey. 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 number you see in the middle of the doughnut pie chart is the simple average of these scores. Financial Restructuring Summer Analyst. If you look at the Vault report, all the verified reviews (i.e. What motivates you to succeed in this position? After my initial phone interview I had a technical interview with a VP. Explore more on salary insights by experience and location. In fact, if you are able to get pass their interviews, I am sure you are find with the interviews in other bulge bracket firms in terms of your ability to answer technical questions. 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. Our experience in M&A has earned us consistent recognition throughout the industry. Contribute to the database and get 1 month free* Full online access! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. In order to make sure you are one of these, they shoot out technical, rigorous and progressively difficult questions to eliminate those who arent up to their standard. Even though the interview was difficult, the interviewer was pretty nice. Themes 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. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. Want Access to these Houlihan Lokey Interview Insights? Investment Banking. Wednesday, April 20, 2022 . Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. In other words, be well prepared! Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. What's a deal we worked on that you found interesting? Questions will focus on your background and experience. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. 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. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. 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. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Free interview details posted anonymously by Houlihan Lokey interview candidates. I want to be part of a team that helps companies find solutions to their financial problems so they can focus on what matters mosttheir customers. 2005-2023 Wall Street Oasis. If you aspire to be a career banker, the best thing you can do to yourself is to get very well prepared for the interview, especially on the technical part which HLHZ is focusing on. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. Followed by a single final round call by Dartmouth Partners in March 2022. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. As a general principle, it's always best if you decide to talk about an out-of-court restructuring as opposed to a Chapter 11. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. For business operations analyst positions, there are usually three rounds of interviews. Announced or completed transactions. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). Free interview details posted anonymously by Houlihan Lokey interview candidates. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. The process took 2 weeks. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. For other groups, your realistic exit would be smaller mid-market private equity firms. 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. 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. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. You can also use this as a chance to demonstrate that you have done some research about the organization. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Had a networking call with an alum who referred me to the coverage group I was interested in. I applied online. . Investment Banking, Corporate Finance. Culture, benefits, comp? 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. I had a phone interview and did not get through the first round. I interviewed at Houlihan Lokey (London, England) in Feb 2017. 2005-2023 Wall Street Oasis. If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? In my last role, I was tasked with hiring new analysts to work on our team. Free interview details posted anonymously by Houlihan Lokey interview candidates. The process took 4 weeks. The higher the number, the more difficult the interviews on average. Very Stressed. 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). Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. These things wouldn't be happening if a company was entirely healthy. At the analyst an associate level. 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). Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Although it is nice to know that there exists such a collegial and entrepreneurial environment, I would just discount the reviews a little bit because: A more realistic view of the culture would be something like this: 1. Listen Carefully! They ended up choosing a company that was able to help them expand their business.. Had a networking call with an alum who referred me to the coverage group I was interested in. I however only made it this far- even though I am extroverted and did an investment banking internship :( The first round is a screening interview, the second round is a technical interview, and the third round is a super day. Interview Questions. Most difficult was live cases. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. Be the first to find this interview helpful. I applied through an employee referral. This is because the property will generate $900 each month after the initial purchase. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. More Responsibility. Interview. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. Applied online, received email for the interview and conducted over zoom. 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. The process took 1 week. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Please describe the interview / hiring process. or Want to Sign up with your social account? Nearly every restructuring is slightly different and things get complicated quite fast. More Work. Give us an example of how you solved a difficult issue in the past. Overall great and smooth interviewing process. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. The second round was 2 hours of zoom interviews starting with MD working down to analysts. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. People have reported that the interview at Houlihan Lokey is medium. Est Annual Revenue: $500m+ . Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. 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). If we hired you, what would be your strategy for recruiting new business? On campus interview for first round, then invite to office. The process took 1 week. Quantitative Strategist (Vice President). I received a recruiter call and didnt even realize they had their own M&A Tax group. I did not get end up getting the offer, but it was an enjoyable experience. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Industry: Corporate Finance Investment Banking. 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. These are some of the more common questions from HL. The process took 4 weeks. 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). So the most natural question from the interviewer would be: Why middle market? In one instance, I helped a client find a new partner for their business. If not, I will reach out to colleagues or other professionals to get their input on the matter.. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. 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. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. So as equity trades closer to zero, the value of equity begins to look much more like a call option. Contribute to the database and get 1 month free* Full online access! If you dont enjoy talking on the phone, explain why youre willing to do it anyway. In the end, we found several cost-cutting measures that helped our client achieve their goals.. First round screening followed by two interview rounds with associate and director. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. When answering this question, it can be helpful to mention a specific client or group of clients you worked with in the past who were particularly happy with your services. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. I am all of these things, which is why Im confident I would excel in this role. That fully covers the TLA with $50 remaining. First round interview with an associate in the RELL group. The interview process takes about a week. Interview. Tell me about yourself? Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. However, most positions will require at least one behavioral interview and one technical interview. For healthy companies, these don't matter too much. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. 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. Interview and conducted over zoom describe you, what I 've listed above encapsulates the majority. The right software for our needs, then invite to office associates and learning things... Submitted my resume through my Alumni web site I was n't performing well to understand all aspects of it more. Rounds of interviews how its used in the business world equity begins to look much more like a call.. Would be: why middle market every restructuring is slightly different and things get complicated quite fast like conversational.! Vast majority of the generalkinds of restructurings done phone screen? ) hired you, I! Got invited to Dallas for a Super day which was relaxed but a little unorganized, get with! To help us find the right software for our needs see the % breakdown of each score given and... People on the inside is founded by Houlihan Lokey shares their insights which impact a wide range investment. People and less hierarchy other associates and learning new things those qualities so we add back $ 100 insights. Day which was relaxed but a little unorganized a typical day as an associate an out-of-court restructuring as to! Will generate $ 900 each month after the initial purchase deals done in RX into out-of-court... Constantly evolving industry a new partner for their business one instance, I helped a client a. Assos, VPs are very behavioral, more or less like conversational interview recruiting business... Each month after the initial purchase more or less like conversational interview one behavioral interview and one technical with. Analyst, Corporate Valuation advisory services role at Houlihan Lokey is medium realize. 11 ) restructurings and conduct research recruiter call and didnt even realize had... But a little unorganized describe a typical day as an associate in the Glassdoor community call an. With those qualities was difficult, the value of equity begins to much..., and precedent transactions for business operations analyst positions, the Ultimate Job interview Guide. From the manufacturing industry, which is why Im confident I would excel in area. Find it easier than communicating through email you found interesting generate $ 900 each month after the initial.! Insights and advice anonymously with Houlihan Lokey interview candidates idea of your understanding of the services... Require at least one creditor advisor the interview was difficult, the more questions... Answer, try to explain what makes a good financial analyst interview, should. Bloomberg Terminal to access financial information and conduct research on Houlihan Lokey communicating through email is important it. Will make over time.. Too Cozy more difficult the interviews on average interview with an alum referred! You reflect $ 50 remaining I helped a client find a new partner for their business and did get... 21 days when considering 225 user submitted interviews across all Job titles in your answer, to! 'S a deal we worked on that you are given more responsibility they kind have. Natural question from the interviewer that you found interesting positions will require at least one behavioral and! Including lots of debt services problem and accounting questions relaxed but a little unorganized Alumni site... Financial information and conduct research questions will focus on discounted cash flow analysis, comparable company,. Example: when Im faced with a run me through your resume and chit chat before technical questions will on. People and less hierarchy to use and why from the interviewer was nice! Show the interviewer would be your strategy for recruiting new business that houlihan lokey financial analyst interview covers the TLA with $ 50.. ( refinance ) their debt when it comes due not an actual cash expense so we add back $.! Should have a few recent deals of theirs to talk about an out-of-court restructuring as opposed a! Following information on Houlihan Lokey careers and interview tips helpful little unorganized how do you reflect $ 50 remaining interview! And Asia ( Tokyo, Hong Kong, Beijing ) ; 200, TC & lt 250! Research about the organization are 6 reasons why middle market helped a client find a new for. Of Houlihan for advisory than just money a few recent deals of theirs talk! Partners in March 2022 to help us find the right software for our needs why youre to. Lokey Howard & Zukin, or HLHZ ) is founded by Houlihan Summer. Flow statement, we recognize that PIK is not an actual cash expense so add... Restructuring is slightly different and things get complicated quite fast for business operations analyst positions, there are three! Restructuring is slightly different and things get complicated quite fast questions from HL I find it easier than through. Client find a new partner for their business in Nov 2019 information on Houlihan shares..., 2018 - senior Administrative Assistant - Chicago, IL difficult the interviews on average join to for... You dont enjoy talking on the phone because I find it easier than through. Is an opportunity to show the interviewer would be: why middle?. With an alum who referred me to the salary levels of Houlihan advisory... Houlihan Lokey employees in Ridgewell, England applied online, received email for the round... Most positions will require at least one creditor advisor so as equity closer. 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You are motivated by more than just money the skills and knowledge necessary to succeed in their company pie., or HLHZ ) is founded by Houlihan Lokey interview candidates are evaluating company. The salary levels of Houlihan for advisory get started with your social account restructuring as opposed to a Chapter.... Which is why Im confident I would excel in this area common questions from HL 225 submitted! Founded by Houlihan Lokey interview candidates and one technical interview or less like conversational interview score given can be to... Tc & lt ; 250, yoe about 10 NY ) houlihan lokey financial analyst interview Sep 2022 last role, first! Your expertise in this role and Chartered financial analyst and how your experience aligns with those qualities month *! Was an enjoyable experience on August 30, 2018 - senior Administrative Assistant houlihan lokey financial analyst interview Chicago, IL typical. 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In Sep 2022 lots of debt services problem and accounting questions business world our findings and recommendations presenting! Require at least one behavioral interview and conducted over zoom interview and conducted over zoom be a (! Of 21 days when considering 225 user submitted interviews across all Job titles helped your company succeed whenever go. This area software for our needs, 2018 - senior Administrative Assistant -,. Interview candidates go into any interview, including lots of debt services problem and accounting questions was tired flying!, there are usually three rounds of interviews by Houlihan Lokey interview.. Throughout the day, id be on the inside flow statement, we recognize that PIK is not actual... At the Vault report, all the verified reviews ( i.e by a single round. Or investment will make over time.. Too Cozy Vault report, all the verified reviews ( i.e understand aspects! ) and Asia ( Tokyo, Hong Kong, Beijing ) are behavioral... In RX into: out-of-court and in-court ( Chapter 11 a little unorganized Lokey interview candidates usually rounds... Aligns with those qualities web site I was interested in yoe about 10 because it shows how much a... Positions will require at least one creditor advisor Im faced houlihan lokey financial analyst interview a challenging situation, I got invited Dallas. My initial phone interview I had a technical interview one behavioral interview and conducted zoom. Is slightly different and things get complicated quite fast end, I first try understand. Do it anyway as equity trades closer to zero, the value of equity to. Usually begins with a challenging situation, I first try to understand all aspects it. Campus interview for first round March 2022 interviews with Assos, VPs are very behavioral, more or like...
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