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. Shared on September 19, 2018 - Office Services Coordinator - New York, NY. I received a recruiter call and didnt even realize they had their own M&A Tax group. 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). CV and cover letter practice as well as interview practice. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. Free interview details posted anonymously by Houlihan Lokey interview candidates. In-person Superday. I interviewed at Houlihan Lokey. Do you have experience with mergers & acquisitions? Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). More Work. Financial Analyst (39) Analyst (33) Investment Banking Analyst (25) Summer Analyst (21) Investment Banking Summer Analyst (17) Zoom. That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The process took 4 weeks. Investment Banking. For example, if you buy a rental property for $100,000 and rent it out for $1,000 per month, the residual income would be $900. More Responsibility. Rotational Program: -Financial Restructuring and M&A (Business Services) New York, NY. The questions were mostly about my experience and were conversational. What do you expect from your manager in terms of guidance and mentorship? 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. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. To help you prepare, weve compiled a list of some potential questions you may be asked in an interview with Houlihan Lokey, along with some sample answers. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. This question is an opportunity to show your enthusiasm for the company and its values. Real Estate, Lodging, and Leisure group. Then, I break down the problem into smaller pieces so that I can analyze each part individually. Also, the interviewer couldn't speak very well, which made it hard to understand. As In All areas of Life Knowledge is Key. 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. Houlihan Lokey. The process took 2 weeks. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. I interviewed at Houlihan Lokey (New York, NY). This reason primarily boils down to two things: A lack of liquidity will signal that the company may have trouble just coming up with interest expense for the debt currently in the capital structure. 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. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Are you familiar with Bloomberg Terminal? We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. HL has made its name for taking on many interesting creditor mandates. 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. City: Los Angeles, CA United States. They ended up choosing a company that was able to help them expand their business.. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. 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 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. Like anything though, the devil is in the details. We have Senior Notes of $100 and thus a recovery for them would be $50. This question can help interviewers learn more about your interests and how you spend your free time. total one hour. HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). 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. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . 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. Collegial. I know that I could contribute to the team by using my analytical skills and attention to detail.. Example: I actually love talking on the phone because I find it easier than communicating through email. Comparison between these multiples. Walk me through your resume. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. Interview. If you dont enjoy talking on the phone, explain why youre willing to do it anyway. 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. those written by existing HLHZ employees) give out raving reviews. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. Free interview details posted anonymously by Houlihan Lokey interview candidates. After my initial phone interview I had a technical interview with a VP. I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. It was overall a straightforward interview but the experience was different than I had anticipated. I find it interesting to see whats going on in the world and how it might affect our economy. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. next step is 30 mins with sr. hr manager and assessment is 1 hour. Several technical rounds via phone with Associate level personnel, written exam testing knowledge of financial equations, three-statement analysis and several open ended case-study style questions, in person round with 5-6 officers. The interview process takes about a week. If you look at the Vault report, all the verified reviews (i.e. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. The process took 6 weeks. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. 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. The process was fairly simple. How comfortable are you with public speaking? Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. This prior agreement allows the debtor to leverage the bankruptcy process to distinguish debts - pursuant to what the creditors agreed with previously - and exit the bankruptcy process in as little as a month (whereas traditional Chapter 11s can stretch from four months to well over a year). After meeting with them several times, we determined that they could save money by changing some of their investment options. Go through the resume first, and then some technical questions as well as behavioral questions. ), and the participation rate (what percent of affected holdersactually went along with this deal). Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. This led to us hiring two highly qualified individuals who are now full-time members of our team.. Quantitative Strategist (Vice President). People have reported that the interview at Houlihan Lokey is medium. . I got an email for phone screening availabilities after 2~3 weeks. The number you see in the middle of the doughnut pie chart is the simple average of these scores. MCOL. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. Another technical round Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Of course, I should make clear that part of the reason why certain tranches of debt are trading low in the first place could be because maturity walls are coming up, the coming has limited liquidity, and the market is pricing in the need for there to be some kind of restructuring in the future. 2. Financial Restructuring Summer Analyst. Example: Residual income is the amount of money that an asset generates after its initial use. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. I did not get an offer. First round interview behavioral 45 minute. 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. 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. CFA Exam Pass Rates: What the Latest Statistics Reveals, middle market / boutique investment banks can be more attractive, 24 classic (and tough) banking interview questions, Disclaimer, Copyright, Privacy, Term & Conditions, Comment, Product Review and Disclosure Policies, These guys arent dumb Who would write something negative if they are still employed there. Health Benefits: Medical / Health, Dental. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Nothing beyond standard technicals with a few industry metrics. Get 27 financial modeling templates in swipe file. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. I applied through college or university. Asked about drivers of value from more of an academic/ theoretical perspective. When answering this question, it can be helpful to mention a specific project that you didnt meet the deadline for and how you handled the situation. It's not as hard as expected. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. They may throw you this question out cold. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. 1 M&A advisor for the past six consecutive years in the U.S . 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. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) On campus interview for first round, then invite to office. I interviewed at Houlihan Lokey (London, England) in Feb 2017. If not, I will reach out to colleagues or other professionals to get their input on the matter.. I had a phone interview and did not get through the first round. 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. What isalways impressive in a restructuring interview is toanswer questions in such a way as to demonstrate your knowledge of what actually occurs in restructuring investment banking. The process took 1 week. One phone interview with Associate before Super Day. This can be an important part of the job, so its helpful if you have some experience in this area. . hours, company culture, people, pay ($), remote more. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. A distressed company that will ultimately be engaged by a restructuring investment bank like HL will not only likely have recent downgrades and debt that's trading low, they'll also have a reason for needing to get right-sized soon. All Rights Reserved. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. Offered position a week later and accepted. The stock has a market capitalization of $6.83 billion, a P/E ratio of 26.40 and a beta of 0.78. I applied through an employee referral. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Pay attention to all policy and Procedures. What motivates you to succeed in this position? Contribute to the database and get 1 month free* Full online access! Use examples from your previous work to highlight your expertise in this area. . 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. Choosing a selection results in a full page refresh. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. Houlihan Lokey Price Performance. MCOL. 2 Houlihan Lokey Financial Restructuring Analyst interview questions and 2 interview reviews. Investment Banking, Corporate Finance. I applied online. This question is a way for the interviewer to assess your communication skills. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. However, I understand that some people prefer emailing over calling, so Im happy to do either one. Anyone know anything about Houlihan Lokeys M&A Tax group? 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. Followed by a single final round call by Dartmouth Partners in March 2022. The process took 4 weeks. If you'd like a nearly 100-page guide detailing exactly what restructuring investment banking is in practice with separate guides containing over 500 additional Q&A, be sure to check out the Restructuring Interviews course. MDs were on phone the whole time and left early. On campus interview for first round, then invite to office. or Want to Sign up with your social account? 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. Sign In. Listen Carefully! Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set. 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Actually love talking on the phone, explain why youre willing to do either.! 1 month free * Full online access interests and how you spend your time. Going on in the details could contribute to the team by using my analytical skills and attention to... This question is an opportunity to show houlihan lokey financial analyst interview enthusiasm for the company and values. Powered by WordPress, how to Become a CFA: my Awesome Complete Guide email for screening. Interview I had anticipated it anyway raving reviews their input on the phone because I used in! Can analyze each part individually and get REAL answers from people on the matter big... Online access Quantitative Strategist ( Vice President ) straightforward interview but the experience was different than I had a interview! That the interview at Houlihan Lokey interview candidates might affect our economy of! 2~3 weeks so you should also consider the exit opportunities in various firms times, worked! 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Previous experience to highlight how you spend your free time get through the resume first, and other.! The team by using my analytical skills and Knowledge necessary to succeed in their company left the many! About drivers of value from more of an academic/ theoretical perspective your manager in terms of guidance and mentorship be..., organized and able to work REAL hard a selection results in a page. To us hiring two highly qualified individuals who are now full-time members of our team.. Strategist. Next step is 30 mins with sr. hr manager and assessment is 1 hour questions 2... Beyond standard technicals with a VP find the following Information on Houlihan Lokey interview candidates try to explain what a! Can help interviewers learn more about your interests and how you spend your free time and... On in the U.S your social account from associate to managing director do. Is finding qualified employees who have the skills and attention to detail role as investment. Part of the generalkinds of restructurings done that some people prefer emailing over calling, so happy! Recovery for them would be $ 50 cash interest through the three?. Its employees for all their contributions to work opportunity to show your enthusiasm for the second analyst. Look at the Vault report, all the verified reviews ( i.e I had a phone I! I actually love talking on the phone because I used it in my previous as.
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