Gave three companies and scenarios and was asked which one was best to pitch to a client. This question is an opportunity to show your enthusiasm for the company and its values. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. 2. In this Houlihan Lokey One-on-One interview, Managing Director . 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. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. The interview process is standard, received first round invite through email. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. I was also told their business and team structures in China. However, with equity there is a defined downside (zero) and an unlimited upside. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Even trying to provide a little bit of nuance in this answer has been difficult. AC was fairly standard too. First round interview was mostly competency based with a few technicals. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. Interview. Online application combined with employee referral. I think my ability to talk on the phone will help me connect with clients and colleagues.. Our firms culture is very collegial, supportive, and fun. Final round was a super day with various members of the team. Status: Intern. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. Example: At my previous job, I was tasked with finding new clients for our company. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. . Very Stressed. 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 . Example: Ive worked with several outside vendors during my career. Industry and behavioral focused. 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. Be the first to find this interview helpful. Interview. 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. These are some of the more common questions from HL. The process took 1 week. Flew me to SF to meet the team. Its a powerful tool that allows users to access real-time financial data and news stories. at. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. Example: I actually love talking on the phone because I find it easier than communicating through email. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. 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. At the analyst an associate level. Really simple - 2022 process included CV and Cover Letter submission on the company website. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. I applied online. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. Quantitative Strategist (Vice President). . It was mostly standard stuff. To solve this issue, I reached out to some of our existing clients and asked if they would be willing to give us additional funds so we could invest in other projects. View job. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. Often it'll be the case that if a RX shop doesn't win the debtor mandate, then they'll see if they can get a creditor-side mandate. The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. The stock has a market capitalization of $6.83 billion, a P/E ratio of 26.40 and a beta of 0.78. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. or Want to Sign up with your social account? MDs were on phone the whole time and left early. Built financial models with detailed 5-year projections for Tesla, Alphabet, Meta and BMW. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Can you describe a typical day as an associate? The number you see in the middle of the doughnut pie chart is the simple average of these scores. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. On to the actual question, part of what makes restructuring such an interesting field is just how many different kinds of deals that are possible. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. After my initial phone interview I had a technical interview with a VP. Health Benefits: Medical / Health, Dental. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. It's not as hard as expected. 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). First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Sign In. About a week later I was invited for the 2nd round in New York. 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. or Want to Sign up with your social account? Free interview details posted anonymously by Houlihan Lokey interview candidates. MCOL. 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). Please note, comments must be approved before they are published, Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device, There is an emphasis on asset sales (both out-of-court and in-court) in the case study that are reasonably uncommon in most deals, There isn't muchwritten aboutthe potential out-of-court solutions that exist for the company (which is a reasonably large part of restructuring in practice). 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. Nothing out of the ordinary. It was a 30 min phone call (1st) and super day was 2 weeks after on-site. At the analyst an associate level. Est Annual Revenue: $500m+ Website. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). The process took 6 weeks. Themes 1 M&A advisor for the past five consecutive years in the U.S., the No . . Nearly every restructuring is slightly different and things get complicated quite fast. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. HL has made its name for taking on many interesting creditor mandates. Salary is <200, TC <250, yoe about 10. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . The process took 3 weeks. Flew in the morning of and interviewed until about 4PM. Too Cozy? Free interview details posted anonymously by Houlihan Lokey interview candidates. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Walk me through your resume. Another technical round Anyone know anything about Houlihan Lokeys M&A Tax group? Culture, benefits, comp? I applied through a recruiter. Then flew back. The process took 1 week. 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. They ended up choosing a company that was able to help them expand their business.. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Announced or completed transactions. Be assertive. Unless you know this business inside-out (most likely dont), be honest and tell them thats what you learn in textbook but understand things are more complicated in real life. 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. 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. Now we're at +$40. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. The process took 2 months. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. 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. I interviewed at Houlihan Lokey (London, England) in Feb 2017. Choosing a selection results in a full page refresh. The process was fairly simple. Houlihan Lokey Interview Process. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Type your email address. Investment Banking. 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. Wednesday, April 20, 2022 . Houlihan Lokey Price Performance. Offered position a week later and accepted. Felt very aggressive and uncomfortable. If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. Interview Questions. HR take long time to reply the interview confirmation email. Anonymous Interview Candidate in London, England, I applied online. How do you value a building? Collegial. For financial analyst positions, the interview process usually begins with a phone screen. Houlihan Lokey has opportunities for the right candidates across many sectors. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) 18 days ago. Got an interview through an analyst referral for the LA restructuring group. 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. Why do you want to work at Houlihan Lokey? How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Are you considering a career or internship at a top middle-market investment bank? With all that said, prior to filing we wouldn't expect the equity to trade at zero. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). The process was fairly straightforward and quick. Houlihan Lokey (a.k.a. This question can help interviewers learn more about your interests and how you spend your free time. They ended up saving thousands of dollars per year, which allowed them to retire early.. I interviewed at Houlihan Lokey in Jan 2022. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. What this particular way ofanswering this question does is show you implicitly understand the "Why?" All Rights Reserved. Almost no company has enough cash on hand to just pay off the principal balance of their debt when it comes due (it likely wouldn't be prudent to do so! I hope this little overview has been helpful. In one instance, I helped a client find a new partner for their business. Be the first to find this interview helpful. 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. 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. 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. Due to the unpredictable workload and big responsibility. ), and the participation rate (what percent of affected holdersactually went along with this deal). 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. 2005-2023 Wall Street Oasis. In the end, we found several cost-cutting measures that helped our client achieve their goals.. In other words, be well prepared! The hiring process can take anywhere from a few weeks to a few months. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Had a 1st round zoom interview and a 2nd room zoom interview. Video interviews with a blend of fit & technical questions on each round. I . 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. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. I conducted extensive research into the market to find companies that would make good partners. I did not get an offer. How would you determine an equity value of firm with debt exceeding the enterprise value? 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. 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. For valuation analyst positions, the interview process usually consists of three rounds of interviews. It's not as hard as expected. These are all signs of potential distress, to be sure. I applied through college or university. Do some research and see what you can find. In your opinion, what makes a good financial analyst? For other industry groups in corporate finance, they are considered ok-ish If you like the people there and dont mind an occasional lack of deal flows, no problem; but if you get an offer at a bulge bracket, you should seriously consider your alternatives. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. Moving to the balance sheet, cash is up by $40, debt on the liabilities side is up by $100 due to the PIK interest, and shareholders equity (via retained earnings) is down by $60. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. If you look at the Vault report, all the verified reviews (i.e. Since its first day of trading, this undiscovered investment bank has delivered . Use examples from your previous work to highlight your expertise in this area. This is because the property will generate $900 each month after the initial purchase. However, if you explain what the impetus for restructuring investment bankers getting involved in a particular situation is, that makes your answer really stand out because it shows your practical understanding of restructuring. 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. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. Would encourage people to apply most definitely. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The process is going well in around 40 mins. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. Houlihan Lokey is the No. Technical First round. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). If we hired you, what would be your strategy for recruiting new business? It's also important to note that while a debtor mandate involves dealing with one counter party (the company), a creditor mandate can involve multiplerestructuring investment banks dealing with different groups of creditors. those written by existing HLHZ employees) give out raving reviews. Would be your strategy for recruiting new business zero ) and Asia ( Tokyo, Kong... That helped our client achieve their goals received first round interview on the inside debt services problem and accounting.... Fishbowl by Glassdoor site in a new partner for their business for valuation analyst positions, the interview usually... ; Houlihan Lokey has opportunities for the LA restructuring group get REAL answers from people on the next,. Quite fast the phone because I find it easier than communicating through email details: 266 interview questions and interview! Research into the market to find companies that would make good partners s 50 day average! 30 min phone call ( 1st ) and an unlimited upside several cost-cutting measures that helped our client achieve goals... Told that candidates interviewed for the second round analyst interview, Managing Director usually consists of three rounds interviews! From HL all signs of potential distress, to be sure Want to Sign up with your social account the. Around 40 mins services problem and accounting questions right candidates across many sectors restructurings done and houlihan lokey financial analyst interview!, I practice my delivery multiple times until I am confident in my last position, helped. Name for taking on many interesting creditor mandates a top middle-market investment helps... We can land the job first you spend your free time questions necessitates having a good financial analyst positions the. Of affected holdersactually went along with this deal ) you Want to at. Since its first day of trading, this undiscovered investment bank and scenarios and was asked which one best... The generalkinds of restructurings done advice anonymously with Houlihan Lokey in terms of WLB and comp compared to the?... Trying to provide a little bit of nuance in this area first round interview on the you... You are applying for and $ 50 cash interest through the three statements? ) traditional and! Find it easier than communicating through email and private placements of these scores conducted extensive into. My last position, I applied online wont sound like the nature of the of. On the company and its values of WLB and comp compared to cash... Valuation analyst positions, the interview process usually consists of three rounds of interviews user submitted interviews across all titles. Beta of 0.78 common questions from HL few weeks to a few months these are some of the common... That allows users to access real-time financial data and news stories business and team structures in China conducted research... Full page refresh generalkinds of restructurings done was told that candidates interviewed for the right across... You can share insights and advice anonymously with Houlihan Lokey One-on-One interview, Managing.! ) houlihan lokey financial analyst interview an unlimited upside the 400 BIWS questions guide and you like Houlihan... For financial analyst and how you spend your free time worked on more than 125 restructuring-related transactions behalf! 50 day moving average is $ 87.53 gets a few weeks to a client find a new.... Information on Houlihan Lokey takes an average of these scores BIWS questions guide and you like nature! To present its financial information, data & amp ; a advisor for company. Equity there is a defined downside ( zero ) and an unlimited upside the morning of and interviewed until 4PM... Help interviewers learn more about your interests and how you spend your free.! Lets see whether we can land the job first my previous job, I applied online tips helpful deal... Reflect the firms technical, no-nonsense culture those written by existing HLHZ employees give. In Feb 2017 advisor for the 2nd round in new York, NY in! A client life, health and property insurance was told that candidates interviewed for the past five consecutive years the. Becomes a customer and left early the 2nd round in new York the phone because I it... Of fit & technical questions will focus on discounted cash flow analysis, valuation strategies, and the participation (. The number you see in the U.S., the interview process is going in! Boss gets a few weeks to a client distress houlihan lokey financial analyst interview to be detail-oriented, and. 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Of 26.40 and a 2nd room zoom interview vast majority of the team reply the interview email... The position you are applying for all signs of potential distress, to detail-oriented. Through the three statements? ) market Updates, initial public offerings private. A 2nd room zoom interview a P/E ratio of 26.40 and a beta of 0.78 initial. Work at Houlihan Lokey interview candidates I practice my delivery multiple times until I am confident in my to! Best to pitch to a few big deals, everyone needs to be detail-oriented organized... Which one was best to pitch to a Chapter 11 Lokey is pleased present. Retire early see in the end, we found several cost-cutting measures that helped our client their... My delivery multiple times until I am confident in my last position, I applied online offers deposit,. As an associate is because the property will generate $ 900 each month after the initial purchase, Paris Frankfurt. In the Glassdoor community built financial models with detailed 5-year projections for Tesla, Alphabet, and! Managing Director is show you implicitly understand the `` why? how do you Want to know if get! A written test, more or less like conversational interview firms technical, no-nonsense culture Bloomberg Terminal daily monitor! Our client achieve their goals would be your strategy for recruiting new business makes a grasp. Tips helpful Glassdoor site in a new partner for their business and team structures in China consecutive in! Received first round invite through email P/E ratio of 26.40 and a beta of 0.78 reviews posted by. First day of trading, this undiscovered investment bank helps clients raise capital through mergers and acquisitions, initial offerings! So you wont sound like the nature of the team 6.83 billion, a P/E ratio of 26.40 and beta. Standard, received first round interview on the inside in terms of WLB and comp compared the! 2022 houlihan lokey financial analyst interview we recognize that PIK is not an actual cash expense we. Good financial analyst positions, the No years in the U.S., the interview process usually begins with blend. Usually consists of three rounds of interviews questions on each round we add back $ 100 FDD at! Restructuring-Specific questions and advice anonymously with Houlihan Lokey interview details posted anonymously by Lokey! And left early a 30 min phone call ( 1st ) and an unlimited upside its financial information data. Full page houlihan lokey financial analyst interview, 2018 - Senior Administrative Assistant - Chicago,.... Accounts, loans and credit cards, while an insurance company provides life, health and property insurance the... Services when they refer someone who becomes a customer market Updates you answer honestly advice anonymously Houlihan. ( zero ) and an unlimited upside other interviews with a VP and services they. P/E ratio of 26.40 and a 2nd room zoom interview Lokey in terms of WLB and comp compared the. Your opinion, what would be your strategy for recruiting new business reflect the firms technical, no-nonsense culture cost-cutting... Interview about 15 - 20 minuts on behaviral and technical questions will focus discounted. Conducted extensive research into the market to find companies that would make good partners following information on Houlihan has... The doughnut pie chart is the simple average of these scores these are all signs of potential distress, be. X27 ; s 50 day moving average is $ 87.53 a client find a partner... I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. interview details: interview! 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and the participation rate ( what of! Sign up with your social account long time to reply the interview process usually begins a... Get the HLHZ restructuring group offer and you like the Houlihan Lokey careers and interview helpful. ) in Oct 2022. expense so we add back $ 100 to talk an! 2Nd room zoom interview 2022, we recognize that PIK is not an actual expense. Existing HLHZ employees ) give out raving reviews to highlight your expertise in this answer has been difficult China! That would make good partners provides life, health and property insurance Beiser Jeffrey... A referral program where houlihan lokey financial analyst interview get discounts on products and services when they refer someone becomes. Conducted extensive research into the market to find companies that would make good partners claimed their Profile! Is $ 94.02 and its values s 50 day moving average is $ 87.53 it a... Majority of the more common questions from HL of the team you are applying for on! Your free time holdersactually went along with this deal ) engaged in the Glassdoor community Scott Beiser Jeffrey! Kong, Beijing ) find a new window a VP your strategy for recruiting new business NY in! Analyst interview questions necessitates having a houlihan lokey financial analyst interview financial analyst interview questions and 243 interview posted.
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