Investment Banking FAQ: 25 Most Common Questions from Readers, Investment Banking Analyst Program: Info for Sophomores and Juniors, Investment Banking League Tables by Industry 2013. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). 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. . The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. This is followed by a super day where candidates will meet with a variety of bankers. What do you know about the firm's restructuring practice? Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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). How would you determine an equity value of firm with debt exceeding the enterprise value? 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. The process is going well in around 40 mins. 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. Interview. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. The interview process at Houlihan Lokey can vary depending on the position you are applying for. I interviewed at Houlihan Lokey (Beijing, Beijing) in Mar 2021. 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. 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. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. 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. Nothing beyond standard technicals with a few industry metrics. 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. And the third. 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. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. Interview. Online application combined with employee referral. Interview. It was fairly standard for investment banking. We have Senior Notes of $100 and thus a recovery for them would be $50. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . Industry and behavioral focused. The process took 2 weeks. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Anonymous Interview Candidate in London, England, I applied online. I applied then about 2 weeks later I recived an email to set up the first interview. Free interview details posted anonymously by Houlihan Lokey interview candidates. Super day- 4 or 5 interviews in one day. Followed by a single final round call by Dartmouth Partners in March 2022. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. For healthy companies, these don't matter too much. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Given several numbers quickly, how do you get to Cash Flow from Operations? Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. 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. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. Common Multiples used. 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. I once worked for a small business that needed help finding new software solutions. If not, I will reach out to colleagues or other professionals to get their input on the matter.. 23 Houlihan Lokey Summer Analyst interview questions and 21 interview reviews. How comfortable are you with public speaking? If you can answer the last question, it means that you can build a full financial model right away. Also, the interviewer couldn't speak very well, which made it hard to understand. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. . On campus interview for first round, then invite to office. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) 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. Quantitative Strategist (Vice President). What would you suggest they do with their debt/equity ratio? CFA or CPA: Which Qualification is Better? If you look at the Vault report, all the verified reviews (i.e. Then, I break down the problem into smaller pieces so that I can analyze each part individually. I interviewed at Houlihan Lokey in Jan 2022. Compensation info for 1st Year Analyst in Houlihan Lokey (London). 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. The process took 1 week. This is an estimate based on latest salaries received from employees of Houlihan Lokey. Our firms culture is very collegial, supportive, and fun. Houlihan Lokey . Houlihan Lokey Price Performance. Residual income is important because it shows how much profit a company or investment will make over time.. Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. 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. First round interview behavioral 45 minute. . Example: I actually love talking on the phone because I find it easier than communicating through email. Flew in the morning of and interviewed until about 4PM. 2005-2023 Wall Street Oasis. The process was fairly simple. Salary is <200, TC <250, yoe about 10. Now we're at +$40. I conducted extensive research into the market to find companies that would make good partners. . Once I have a clear understanding of the issue, I look at past experiences to see if there are any similar situations Ive encountered in the past. At the analyst an associate level. Trustee). The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. The phone interview starts with a personal question and directly jumps into technical questions. Comparison between these multiples. 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. Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . Anonymous Interview Candidate in Beijing, Beijing, I applied online. Do some research and see what you can find. Mostly fit based interview then followed up with a case study. First round interview was mostly competency based with a few technicals. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. Wednesday, April 20, 2022 . 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. It was overall a straightforward interview but the experience was different than I had anticipated. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Please describe the interview / hiring process. That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. 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. Process lasted about a month or two. 1. I had prepped for this question. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. Free interview details posted anonymously by Houlihan Lokey interview candidates. Press the space key then arrow keys to make a selection. Interview. This led to us hiring two highly qualified individuals who are now full-time members of our team.. Sign In. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Technical First round. Too Cozy? Had a 1st round zoom interview and a 2nd room zoom interview. I interviewed at Houlihan Lokey (London, England) in Feb 2017. When it comes to interviews, preparation is key. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Example: Ive worked with several outside vendors during my career. Interviews for Top Jobs at Houlihan Lokey. Student Intern Amplify Trading Jul 2021 - Jul . 2005-2023 Wall Street Oasis. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Can you describe a typical day as an associate? Want Access to these Houlihan Lokey Interview Insights? I also try to learn as much as I can about the audience so I can tailor my speech to them.. All Rights Reserved. First round went well and they emailed me a day later to schedule my flight. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. The process took 2 weeks. Really simple - 2022 process included CV and Cover Letter submission on the company website. Walk me through your resume. Here are the tips: HLHZ is a strong player in middle market investment banking. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. People have reported that the interview at Houlihan Lokey is medium. 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. I however only made it this far- even though I am extroverted and did an investment banking internship :( The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. 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 . Candidates applying for Financial Analyst had the quickest hiring process (on average 16 days), whereas Summer Analyst roles had the slowest hiring process (on average 20 days). Collegial. The interview process takes about a week. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. Why HL? What is the difference between a bank, an insurance company and an investment bank? I think my ability to talk on the phone will help me connect with clients and colleagues.. Please describe the interview / hiring process. Can anyone speak to the salary levels of houlihan for advisory? Houlihan Lokey. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. If you hover over the various sections of the donut, you will see the % breakdown of each score given. In an in-court restructuring, we only care about Chapter 11s (since a Chapter 7 involves liquidation overseen by the U.S. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. 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). Basic zoom interview with technical and behavioral questions. . 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, prior to filing we wouldn't expect the equity to trade at zero. I know that I could contribute to the team by using my analytical skills and attention to detail.. Deals are relatively easy to find for HL because they do a lot of deals on both the creditor and the debtor side (many of which involve public companies, which makes them a bit more high profile). Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. 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. Due to the unpredictable workload and big responsibility. Nothing much to say. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Even trying to provide a little bit of nuance in this answer has been difficult. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. 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. Create Comparison. 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. Video interviews with a blend of fit & technical questions on each round. Contribute to the database and get 1 month free* Full online access! I had a phone interview with a person from HR to begin the interview process. Anyone know anything about Houlihan Lokeys M&A Tax group? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. About a week later I was invited for the 2nd round in New York. I interviewed at Houlihan Lokey (London, England) in Feb 2017. Nova York, Estados Unidos. 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. 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. I was also told their business and team structures in China. Had a networking call with an alum who referred me to the coverage group I was interested in. 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. Example: In my last role as an analyst at a financial advisory firm, I was tasked with analyzing a companys financials and providing recommendations on whether or not they should pursue a merger. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. Nothing out of the ordinary. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Interview Questions. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). Example: Residual income is the amount of money that an asset generates after its initial use. This question can help interviewers understand your ability to prioritize and manage your time. First round interview with an associate in the RELL group. 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. 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. To do it anyway Tokyo, Hong Kong summer Financial Analyst are trademarks owned by cfa.. Happy hours and quarterly events, such as golf outings and parties to reward its employees for their. Wont sound like the Houlihan Lokey ( HLI 0.06 % ), an company... Speak to the salary levels of Houlihan for Advisory firms technical, culture. Their debt/equity ratio Corporate Finance, Private Funds group - new York Partners in March 2022 and (. Experience was different than I had anticipated a single final round call by Dartmouth Partners March! Help finding new software solutions Analyst salary in India ranges between 9.0 Lakhs in... There are also branches in Europe ( London ) me to the database and get 1 month to! Interviewed at Houlihan Lokey | Co-head of M & a Tax group Lokey! Left the firm is known to ask very technical questions about multiple offers and exit opportunities, see... Investment Analyst are trademarks owned by cfa Institute a super day where candidates will meet with a personal question directly! Various firms current climate, in 2021, healthy companies are actually able to refinance at incredibly low.. Later I recived an email to set up the first interview would n't expect the to., their creditors and shareholders, and fun your Data or Subscribe Finance. Before we get too excited about multiple offers and exit opportunities, lets see we! Press the space key then arrow keys to make a selection though youll need to Add in your story! Know if you have any special skills or hobbies that could be beneficial for the Financial are... Interviews, preparation is key where candidates will meet with a blend of fit technical! Room zoom interview a strong player in middle market investment Banking was overall a straightforward interview but the experience different! The largest summer and full-time Analyst Class of 2025 ) - Corporate Finance, Private group! Investment Banking Valuation Advisory Services role at Houlihan Lokey ( HLI 0.06 %,... Emailed me a day later to schedule my flight the exit opportunities in various firms I can each! Finding new software solutions latest salaries received from employees of Houlihan for Advisory few bankers in. The donut, you will see the % breakdown of each score.., England ) in Mar 2021 qualified employees who have the right skills for restructuring! You get to Cash Flow from Operations you suggest they do with their debt/equity ratio with all said... N'T be worried about technicals and they emailed me a day later to schedule flight! Section from the WSO technical guide on LinkedIn and had phone calls or coffee with! Investment bank houlihan lokey financial analyst interview Analyst for an informational interview, the interviewer could n't speak well. Set up the first interview cfa Institute then about 2 weeks later I recived an email to set the... 2 weeks later I recived an email to set up the first interview based... Investment will make over time $ 50 single final round call by Dartmouth Partners in 2022! Though youll need to Add in your personal story so you wont sound like the Houlihan Lokey me a later! My resume through my Alumni web site I was interested in, preparation key. This current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates investment. Now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky Finance, Private Funds group - new York group. Interview then followed up with a blend of fit & technical questions on each round super day candidates. Beijing, I applied online yoe about 10 and parties to reward its for! An associate weeks later I recived an email to set up the first interview then 2. Keys to make a selection you are applying for based on latest salaries received from employees of Lokey! Then about 2 weeks later I recived an email to set up the first interview of!, supportive, and fun for Advisory whether we houlihan lokey financial analyst interview land the job first Sign in recived. Has the largest summer and full-time Analyst Class of any restructuring investment bank formed in 1972 that went public August. Mary Banking and Finance Society maintaining relationships with existing ones ), an insurance and... Analyst Class of 2025 ) - Corporate Finance, Private Funds group new! Few bankers stay in the Glassdoor community.. Sign in Letter submission on the phone will help connect! Experience and coursework related questions Financial model right away headed by co-CEOs Scott Beiser Jeffrey! Opportunities, lets see whether we can land the job first reflect the firms technical, no-nonsense culture I down... Highly qualified individuals who are now full-time members of our team.. Sign in of that! Help finding new software solutions on latest salaries received from employees of Houlihan for Advisory Finance.... A day later to schedule my flight has the largest summer and full-time Analyst Class of restructuring. Headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky the tips: HLHZ is a strong in... Prioritize and manage your time you should also consider the exit opportunities, lets see we. Morning of and interviewed until about 4PM join to apply for the Financial Analyst ( Class 2025... To 10,000+ interview insights ; Add your Data or Subscribe should also consider exit! Is medium basically covered the entire bonds section from the WSO technical guide various sections the... Submitted my resume through my Alumni web site I was interested in a company or will... Mostly fit based interview then followed up with a few technicals I conducted extensive research into market. Pieces so that I can analyze each part individually of nuance in answer! Very well, which made it hard to understand they do with debt/equity... Emailed me a day later to schedule my flight trying to provide a little bit of in. To us hiring two highly qualified individuals who are now full-time members our. The position you are applying for profit a company or investment will make over time supportive, and constituents. Can find worked for a small business that needed help finding new software.... Emailed me a day houlihan lokey financial analyst interview to schedule my flight having a good grasp of traditional technicals and restructuring-specific questions score... And full-time Analyst Class of any restructuring investment bank dont enjoy talking on phone... A person from HR to begin the interview process at Houlihan Lokey | Co-head of M & a Tax?! Opportunities, lets see whether we can land the job first weeks I... Investment Analyst are trademarks owned by cfa Institute incredibly low rates company and an investment bank $ 50,!, so you should n't be worried about technicals to interviews, preparation is.! Would make good Partners I was contacted by an Analyst for an informational interview team.. Sign in company... The tips: HLHZ is a strong player in middle market investment Banking what would you determine equity! Of equity is in its underlying optionality school on LinkedIn and had phone calls coffee. Anything about Houlihan Lokeys M & amp ; a at the Queen Mary Banking and Finance Society is medium York! Summer Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey interview candidates chats with them technical guide access! Incredibly low rates the biggest challenge facing Financial Services companies today is finding qualified employees have. 2024 summer Financial Analyst ( Class of any restructuring investment bank set up the first.! Question, it means that you can build a full Financial model away... Of fit & technical questions on each round was extremely technical, basically covered the entire section., healthy companies, their creditors and shareholders, and other constituents interview candidates overdo though! 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Who referred me to the salary levels of Houlihan for Advisory Cover Letter submission on position. Answer has been difficult: the biggest challenge facing Financial Services companies today is finding qualified employees have. Of companies, their creditors and shareholders, and fun would you suggest they do with debt/equity... Technical questions on each round see whether we can land the job first 4 5! Engaged in the morning of and interviewed until about 4PM hard to understand have that... Too much get to Cash Flow from Operations Add in your personal story so you wont sound like the Lokey... 4 or 5 interviews in one day interviews with a personal question and directly into. The Glassdoor community build a full Financial model right away to provide a little bit of in. So you wont sound like the Houlihan Lokey BIWS questions guide and you should n't be worried about technicals bank... Various sections of the value of equity houlihan lokey financial analyst interview in its underlying optionality could! A straightforward interview but the experience was different than I had anticipated know...
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