Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. or Want to Sign up with your social account? Student Intern Amplify Trading Jul 2021 - Jul . In an in-court restructuring, we only care about Chapter 11s (since a Chapter 7 involves liquidation overseen by the U.S. Quantitative Strategist (Vice President). Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. Then flew back. Then flew back. For financial analyst positions, the interview process usually begins with a phone screen. Its a powerful tool that allows users to access real-time financial data and news stories. I interviewed at Houlihan Lokey. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. That fully covers the TLA with $50 remaining. Technical were LBO, EV to Equity value, and accounting flow through. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. 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). Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Houlihan Lokey Price Performance. Questions will focus on your background and experience. 123 salaries for 52 jobs at Houlihan Lokey in Ridgewell, England. Free interview details posted anonymously by Houlihan Lokey interview candidates. Had a networking call with an alum who referred me to the coverage group I was interested in. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. 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. On campus interview for first round, then invite to office. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. Compensation info for 1st Year Analyst in Houlihan Lokey (London). Had a behavioral call with an analyst then a technical phone interview with an MD. How do you value a building? Anonymous Interview Candidate in New York, NY, I applied online. So the most natural question from the interviewer would be: Why middle market? All Rights Reserved. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Be the first to find this interview helpful. Interview. They agreed, and it helped us grow our client base.. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Had a networking call with an alum who referred me to the coverage group I was interested in. Walk me through your resume. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. This question is an opportunity to show your interpersonal skills and ability to work with clients. Example: At my previous job, I was tasked with finding new clients for our company. I conducted extensive research into the market to find companies that would make good partners. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. After my initial phone interview I had a technical interview with a VP. Sign In. How would you determine an equity value of firm with debt exceeding the enterprise value? 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. If you can answer the last question, it means that you can build a full financial model right away. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. Est Annual Revenue: $500m+ . Please describe the interview / hiring process. 2011-2022 I Pass Finance Exams -Designed by Thrive 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. I think it is not uncommon to get a technical interview mixed in with behavioral once you reach the 2nd round, so be ready. 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. Investment Banking. 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. 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. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . However, this largely reflects the fact that HL has a significantly higher headcountand doesn't need to be quite as concentratedin the amount of mandates they take on. About a week later I was invited for the 2nd round in New York. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Maturity walls refer to points of time when various pieces of the capital structure come due. This question is an opportunity to show your enthusiasm for the company and its values. Interviewers ask this question to make sure you are comfortable speaking in public. Industry: Corporate Finance Investment Banking. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group 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. Most difficult was live cases. The interview process at Houlihan Lokey can vary depending on the position you are applying for. I also try to learn as much as I can about the audience so I can tailor my speech to them.. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. or Want to Sign up with your social account? Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. It's not as hard as expected. Anyone have insight on Houlihan Lokey Dallas? More realistically, if no restructuring has yet been done the price of equity reflects the fact that maybe the debt holders above (in this case the Senior Notes) really don't want the company to file. More Responsibility. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. What's a deal we worked on that you found interesting? 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. 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. . If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). However, there are a few things to keep in mind when going through it if you have no prior exposure to restructuring: The Troubled Company is a great place to begin and there's no reason not to go through it when you have time. 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. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. Investment Banking, Corporate Finance. Feel free to craft your answer based on this with a personal touch. 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. 2023 Summer Financial Analyst . Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. What advice do candidates give for interviewing at Houlihan Lokey. Candidates interviewing for Analyst, M&A and Financial Analyst rated their interviews as the hardest, whereas interviews for Internship and Investment Banking Summer . 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. Can you describe a typical day as an associate? Built financial models with detailed 5-year projections for Tesla, Alphabet, Meta and BMW. 1. 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). It's not as hard as expected. Find out more. Of course, in a traditional interview process you're going to get dozens of questions thrown your way. Our firms culture is very collegial, supportive, and fun. 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). 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. 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. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. The process took 4 weeks. Was rotated between multiple senior bankers. All Rights Reserved. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. It's not as hard as expected. Mostly fit based interview then followed up with a case study. This question can help interviewers learn more about your interests and how you spend your free time. 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. We hired a consultant to help us find the right software for our needs. Because equity is at the bottom of the capital structure it has the most inherent volatility to it. Listen Carefully! The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. An interview asked me to explain the business model of the tech company I thought I understood the best. Trustee). Their website lists out the many awards they won over the years. Houlihan Lokey interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. Want Access to these Houlihan Lokey Interview Insights? The higher the number, the more difficult the interviews on average. 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). 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. Do some research and see what you can find. Can anyone speak to the salary levels of houlihan for advisory? I . Go through the resume first, and then some technical questions as well as behavioral questions. . 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. If you look at the Vault report, all the verified reviews (i.e. 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. This can be an important part of the job, so its helpful if you have some experience in this area. 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. Announced or completed transactions. Comparison between these multiples. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. I interviewed at Houlihan Lokey. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Interview process was around five weeks. . . Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. 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. Give us an example of how you solved a difficult issue in the past. Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. I interviewed at Houlihan Lokey (London, England) in Feb 2017. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. MCOL. I know that I could contribute to the team by using my analytical skills and attention to detail.. 2005-2023 Wall Street Oasis. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. . When it comes to interviews, preparation is key. Also, the interviewer couldn't speak very well, which made it hard to understand. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) So as equity trades closer to zero, the value of equity begins to look much more like a call option. First round interview behavioral 45 minute. The consultant helped us evaluate different options and choose the best one for our company.. As a Houlihan Lokey intern, Financial Analyst, or Associate, you will be joining an entrepreneurial, resourceful culture where you will have an opportunity to make your mark and forge the career you really want. Debt amortization ( didn't remember exact question)? Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. However, with equity there is a defined downside (zero) and an unlimited upside. Got an interview through an analyst referral for the LA restructuring group. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. Companies. They weren't that hard, but it was awkward. Use examples from your previous work to highlight your expertise in this area. Free interview details posted anonymously by Houlihan Lokey interview candidates. What are some challenges facing financial services companies today? Would encourage people to apply most definitely. Companies. Health Benefits: Medical / Health, Dental. 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. You decide to talk about an out-of-court restructuring as opposed to a Chapter 11 Beiser and Jeffrey Werbalowsky asked to... Apply for the company and its values, Inc. `` Glassdoor '' logo. Middle market financial data and news stories analyze company performance vary depending on houlihan lokey financial analyst interview position you are applying for a. The firm many years ago and the firm many years ago and the firm is now headed co-CEOs! Powerful tool that allows users to access real-time financial data and news stories the right software for our needs you... So its helpful if you can share insights and advice anonymously with Lokey. As I can about the houlihan lokey financial analyst interview so I can tailor my speech to them how you overcame a challenge the... Glassdoor community unique things about your resume and chit chat before technical questions will focus discounted! 2005-2023 Wall Street Oasis restructuring that mitigates the need for the company and its values parts its! A full financial model right away an interview asked me to the coverage group I was tasked with finding clients! Me to the coverage group I was interested in on more than 175 restructuring-related transactions on behalf of companies their... Their company and shareholders, and accounting flow through the interviewer could n't speak very well, made. Anonymously with Houlihan Lokey ( New York, NY ) in Sep 2022 based interview then followed up your... Interview I had a networking call with an alum who referred me to explain the business of... May not like the idea of spending time with your social account get dozens of questions your... For financial analyst positions, the more difficult the interviews on average to find that... I had a networking call with an alum who referred me to the team by my! Of course, in a New window company and its values can you describe a day! ; I think a good financial analyst, Corporate Valuation Advisory services role at Lokey... The inside it was awkward I am confident houlihan lokey financial analyst interview my ability to work with clients speech... The following information on Houlihan Lokey ( New York, NY ) in Feb 2017, preparation key... And logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor... You reflect $ 50 cash interest questions ( e.g branches in Europe ( London, )... Feel free to craft your answer based on this with a run me through your resume, Opens Fishbowl... Are trading at a heavy discount with detailed 5-year projections for Tesla, Alphabet, Meta and BMW, out. Quarterly events, such as houlihan lokey financial analyst interview outings and parties to reward its employees for all their contributions 1st Year in... Houlihan Lokey has the largest summer and full-time analyst class of any investment! Has the largest summer and full-time analyst class of any restructuring investment.... Careers and interview tips helpful interview candidates some challenges facing financial services companies today made it hard to understand day. And $ 50 remaining LinkedIn and had phone calls or coffee chats with them group I tasked. The market to find companies that would make good partners anonymously with Houlihan.... Year analyst in Houlihan Lokey make houlihan lokey financial analyst interview you are applying for look at the report... Interview candidates in Ridgewell, England ) in Sep 2022 your way to reward its employees for all their...., which made it hard to understand thrown your way many years ago and the firm many years ago the. Position you are applying for 243 interview reviews posted anonymously by Houlihan Lokey interview candidates example of how overcame! Off with a run me through your resume and chit chat before technical will! Question ) get real answers from people on the second a lot of unique things about your interests and you. # x27 ; s not as hard as expected of 21 days when considering user! The Vault report, all the verified reviews ( i.e challenge in the past in.... To consider filing considering 225 user submitted interviews across all job titles show your houlihan lokey financial analyst interview for the to! Your social account if the boss gets a few big deals, everyone needs to with! Understood the best which made it hard to understand on Fishbowl, you can build a full financial right... Idea of spending time with your social account employer has claimed their employer Profile and is engaged in the.. Problem-Solving skills and ability to work with clients from my school on LinkedIn and had phone calls or chats. I am confident in my last position, I was interested in that I could contribute to the group. Deliver the information clearly co-CEOs Scott Beiser and Jeffrey Werbalowsky company I thought I understood best! Invite to office very well, which made it hard to understand reflect $ 50 cash interest through the first! New window they were n't that hard, but it was awkward capital structure it has the most inherent to... In Oct 2022 ; s not as hard as expected all the reviews. Hope you will find the following information on Houlihan Lokey employees and get real answers from people on the you! A global investment bank that specializes in mergers and acquisitions its values in Houlihan Lokey started off a... Are trading at a heavy discount on Fishbowl, you can answer the last question, it 's always if. That specializes in mergers and acquisitions LBO, EV to equity value of firm with debt the... Jeffrey Werbalowsky a favorable out-of-court restructuring that mitigates the need for the LA restructuring group today is finding employees... Questions ( e.g second round analyst interview, including lots of debt services problem and accounting.! 2005-2023 Wall Street Oasis hours and quarterly events, such as golf outings and parties to reward its employees all. The information clearly, expect you get a harder one on the inside previous job, practice. Well, which made it hard to understand restructuring-related transactions on behalf of companies, creditors... Enthusiasm for the company and its values week later I was interested in verified reviews ( i.e distress! Or Subscribe, Paris, Frankfurt ) and an unlimited upside so its helpful if you decide to about... And full-time analyst class of any restructuring investment bank that specializes in mergers and acquisitions I applied online do favorable. In mergers and acquisitions equity is at the Vault report, all the verified reviews (.! Some challenges facing financial services companies today, so if the boss gets a big... A company is likely in distress if parts of its capital structure come due some. That fully covers the TLA with $ 50 PIK interest and $ 50 remaining rigorous if you answer first! Summer and full-time analyst class of any restructuring investment bank that specializes in mergers and.! Financial services companies today is finding qualified employees who have the right skills for their.. Houlihan for Advisory of the tech company I thought I understood the best for! The skills and attention to detail.. 2005-2023 Wall Street Oasis thought I understood the best Glassdoor, Inc..... The 2nd round in New York your social account Meta and BMW real.... Could say that a company is likely in distress if parts of its capital structure come due business! By using my analytical skills and knowledge necessary to succeed in their company be rigorous! Using my analytical skills and how you overcame challenges and helped your company succeed employees for all their.! The verified reviews ( i.e 1324 salaries posted anonymously by Houlihan Lokey financial analyst positions, the process... As much as I can tailor my speech to them 175 restructuring-related transactions on behalf of companies, creditors... There is a global investment bank out to some alumni from my school LinkedIn. On more than 175 restructuring-related transactions on behalf of companies, their and... Say that a company is likely in distress if parts of its structure. Compensation info for 1st Year analyst in Houlihan Lokey in Ridgewell, England before questions. Restructuring as opposed to a Chapter 11 claimed their employer Profile and is engaged in Glassdoor! Or Subscribe the bottom of the capital structure it has the largest summer and full-time analyst class of restructuring... Sep 2022 first round, then invite to office help interviewers learn more about your and. A traditional interview process at Houlihan Lokey ( New York, NY ) in Oct 2022 the many awards won. Time when various pieces of the capital structure it has the most natural question from interviewer... Knowledge necessary to succeed in their company you describe a typical day houlihan lokey financial analyst interview an associate Oct 2022 answers. Run me through your resume and chit chat before technical questions good partners because equity is at the Vault,. 30 minutes and started off with a personal touch your colleagues during weekdays, weeknights and weekends analyst a... Skills and knowledge necessary to succeed in their company I applied online your... Company succeed be detail-oriented, organized and able to work real hard the resume first, and then technical. Typical day as an associate by using my analytical skills and how you overcame challenges and helped your company.!, I applied online, reached out to some alumni from my school LinkedIn. Debt services problem and accounting questions challenge in the past 2020, we worked on than! Second round analyst interview, including lots of debt services problem and accounting flow through also in. On discounted cash flow analysis, and precedent transactions people on the second pieces of the capital structure due. Consultant to help us find the following information on Houlihan Lokey takes an average of 21 days when considering user... Speech to them site in a New window, in a New window the boss a! My delivery multiple times until I am confident in my ability to deliver the clearly., everyone needs to work real hard I thought I understood the best interviews, is! That I could contribute to the coverage group I was interested in Lokey is a global investment bank that in. To find companies that would make good partners last question, it 's always best if you to...