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. MCOL. Est Annual Revenue: $500m+ Website. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. 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. Houlihan Lokey is a large company with many opportunities for growth. The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. Be assertive. I hope this little overview has been helpful. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. Anyone know anything about Houlihan Lokeys M&A Tax group? Are you familiar with Bloomberg Terminal? Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . More Responsibility. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. HLHZ arguably has the best restructuring group out there and they are proud of it. However, I understand that some people prefer emailing over calling, so Im happy to do either one. Nova York, Estados Unidos. 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. These are some of the more common questions from HL. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. 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). In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. . This question is a great way to test your knowledge of financial terms and concepts. 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. The process took 4 weeks. In this case, you'd expect equity to pop as now there's even more time for the company to turn things around (and the longer you have to wait for a better tomorrow, the more the value the equity will have just as would be the case with a call option). Houlihan Lokey may ask this question to learn more about your experience working with vendors and suppliers. 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. Investment Banking, Corporate Finance. 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. 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. They ended up saving thousands of dollars per year, which allowed them to retire early.. The questions were mostly about my experience and were conversational. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - 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. 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. . What makes you like investment banking? Quantitative Strategist (Vice President). Houlihan Lokey is prestigious for a reason it does seem to be an excellent place to launch your banking career IF you are a banking material. 2005-2023 Wall Street Oasis. Houlihan Lokey. AC was fairly standard too. The process took 1 week. This question can help interviewers learn more about your interests and how you spend your free time. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. I applied to their TMT group through university career center. Use examples from your previous work to highlight your expertise in this area. 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. 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. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). How do you value a building? These are all signs of potential distress, to be sure. Houlihan Lokey. What this particular way ofanswering this question does is show you implicitly understand the "Why?" I interviewed at Houlihan Lokey (San Francisco, CA). Are you considering a career or internship at a top middle-market investment bank? or Want to Sign up with your social account? City: Los Angeles, CA United States. Obviously the reason why PIK is usedis to try to keep the amount of cash interest flying out the door to a minimum thus protecting the likely already fragile liquidity position of the company. ), but that's no issue because they can just roll over (refinance) their debt when it comes due. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Can anyone speak to the salary levels of houlihan for advisory? Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. If you ask me, I would think the safest answer should be something around their renowned restructuring practice. Interview. I also try to learn as much as I can about the audience so I can tailor my speech to them.. Houlihan Lokey . (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Prepare for the types of questions you are likely to be asked when interviewing for a position at Houlihan Lokey. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . Of course, in a traditional interview process you're going to get dozens of questions thrown your way. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. 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. Feel free to craft your answer based on this with a personal touch. They ended up choosing a company that was able to help them expand their business.. . I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. I applied through college or university. 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. Really simple - 2022 process included CV and Cover Letter submission on the company website. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. 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. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. behind why downgrades could be happening and debt is trading down. I bet the guy will be happy to tell you what restructuring really is for HLHZ and this is going to be an invaluable piece of information for your next round of interview. 2. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Collegial. Free interview details posted anonymously by Houlihan Lokey interview candidates. It's not as hard as expected. 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. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. They weren't that hard, but it was awkward. There are always quite a few real companies that have financials quite like what I've outlined above where they still have actively traded equity at surprisingly high prices. The second round was 2 hours of zoom interviews starting with MD working down to analysts. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. Tell me about a time when you had to work under pressure. Was tired from flying in at 6AM that towards the end, I wasn't performing well. I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. I interviewed at Houlihan Lokey in Jan 2022. . I interviewed at Houlihan Lokey (New York, NY). After reaching out to several companies, I found that many of them were hesitant to do business with us because we didnt have enough capital to invest in their projects. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. This is followed by a super day where candidates will meet with a variety of bankers. 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. I got an email for phone screening availabilities after 2~3 weeks. 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 process took 2 weeks. Had a 1st round zoom interview and a 2nd room zoom interview. I developed an effective recruiting strategy that included reaching out to universities in the area to find candidates who were looking for internships or entry-level roles. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. What advice do candidates give for interviewing at Houlihan Lokey. I did not get an offer. 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. The process took 1 week. We have Senior Notes of $100 and thus a recovery for them would be $50. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. 17 Head Mechanic Interview Questions and Answers, 20 UX Designer Interview Questions and Answers, 20 Florida State University Interview Questions and Answers, 25 Screenwriter Interview Questions and Answers. Walk me through your resume. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with more than 250 professionals located in offices across the globe. Interview. 1 . And the third. or Want to Sign up with your social account? Was rotated between multiple senior bankers. 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. Video interviews with a blend of fit & technical questions on each round. 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. Gave three companies and scenarios and was asked which one was best to pitch to a client. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Phone interview. interview and assessment can be done separately. The process is going well in around 40 mins. The interview process at Houlihan Lokey can vary depending on the position you are applying for. I interviewed at Houlihan Lokey. Also, the interviewer couldn't speak very well, which made it hard to understand. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) When answering this question, try to think of an example that showcases your problem-solving skills and the steps you took to solve the issue. I interviewed at Houlihan Lokey (London, England) in Feb 2017. For financial analyst positions, the interview process usually begins with a phone screen. Houlihan Lokey (a.k.a. Why financial restructuring? I find it interesting to see whats going on in the world and how it might affect our economy. 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. 2024 Summer Financial Analyst (Class of 2025) - Real Estate Valuation and Advisory Services. I am all of these things, which is why Im confident I would excel in this role. Health Benefits: Medical / Health, Dental. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. What do you know about the firm's restructuring practice? 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). There are 130 jobs at Houlihan Lokey. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . Since its inception in 1988, the restructuring group has advised on more than 1,500 restructuring transactions with aggregate debt claims in excess of $3.0 trillion. Here are the tips: HLHZ is a strong player in middle market investment banking. Offered position a week later and accepted. . 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). At the analyst an associate level. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. 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. Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Est Annual Revenue: $500m+ . Describe a situation where you overcame a challenging obstacle at work. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. 1 Houlihan Lokey Spring Intern interview questions and 1 interview reviews. Have you ever worked with any outside vendors? That fully covers the TLA with $50 remaining. In this Houlihan Lokey One-on-One interview, Managing Director . 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. Of Financial terms and concepts in their company overdo it though youll to! 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