Process lasted about a month or two. 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). If you ask me, I would think the safest answer should be something around their renowned restructuring practice. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. 2005-2023 Wall Street Oasis. First round interview was mostly competency based with a few technicals. These are some of the more common questions from HL. Video interviews with a blend of fit & technical questions on each round. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. I interviewed at Houlihan Lokey (London, England) in Feb 2017. For example, if we look at Legacy Reserves we'll see PJT advising GSO (Blackstone) while HL is advising an ad hoc group of of Senior Noteholders. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Another technical round In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 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. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. At the analyst an associate level. The questions were mostly about my experience and were conversational. 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. The process took 1 week. Share Interview Advice. We hired a consultant to help us find the right software for our needs. Want Access to these Houlihan Lokey Interview Insights? The interview went pretty well, I got invited to Dallas for a Super Day which was relaxed but a little unorganized. Houlihan Lokey is looking for candidates who can solve problems and find solutions. 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. They ended up saving thousands of dollars per year, which allowed them to retire early.. Student Intern Amplify Trading Jul 2021 - Jul . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The higher the number, the more difficult the interviews on average. What makes you like real estate? Please note, comments must be approved before they are published, Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device, There is an emphasis on asset sales (both out-of-court and in-court) in the case study that are reasonably uncommon in most deals, There isn't muchwritten aboutthe potential out-of-court solutions that exist for the company (which is a reasonably large part of restructuring in practice). Even trying to provide a little bit of nuance in this answer has been difficult. 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. They may throw you this question out cold. 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. We assist financial sponsors, including private equity funds, hedge funds, and credit funds, through a range of affiliate transactions. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Listen Carefully! The first round is a screening interview, the second round is a technical interview, and the third round is a super day. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. Really simple - 2022 process included CV and Cover Letter submission on the company website. 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 second part was him asking me how the company would fail, and this put me on the spot and froze me for a second. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. One phone interview with Associate before Super Day. The hiring process can take anywhere from a few weeks to a few months. Too Cozy? 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. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. . In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. interview and assessment can be done separately. Like anything though, the devil is in the details. I however only made it this far- even though I am extroverted and did an investment banking internship :( If you are evaluating a company from the manufacturing industry, which multiples do you prefer to use and why? Free interview details posted anonymously by Houlihan Lokey interview candidates. HR take long time to reply the interview confirmation email. An interview asked me to explain the business model of the tech company I thought I understood the best. All Rights Reserved. Example: At my previous job, I was tasked with finding new clients for our company. . 3. Rotational Program: -Financial Restructuring and M&A (Business Services) behind why downgrades could be happening and debt is trading down. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? 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. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. I hope this little overview has been helpful. On campus interview for first round, then invite to office. New York, NY. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel I interviewed at Houlihan Lokey (New York, NY). This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. 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. or Want to Sign up with your social account? Quantitative Strategist (Vice President). Now we're at +$40. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022, Real Estate- REITB Group Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. This question is an opportunity to show the interviewer that you are motivated by more than just money. Culture, benefits, comp? 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). . Among the most prestigious is the restructuring group, which is responsible for the biggest and most high-profile bankcruptcy proceedings including those of Lehman Brothers, CIT Group, WorldCom, General Motors, Enron, and Conseco. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. 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. Due to the unpredictable workload and big responsibility. Would encourage people to apply most definitely. 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. how do you reflect $50 PIK interest and $50 cash interest through the three statements?). Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. 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. Mostly fit based interview then followed up with a case study. Debt amortization ( didn't remember exact question)? They agreed, and it helped us grow our client base.. Had a follow-on interview where I had to give a presentation on a recent M&A deal. 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. Interview Questions. Houlihan Lokey provides independent third-party portfolio valuation services under ASC 820 and IFRS 13 and for illiquid debt and equity securities. 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. HL has made its name for taking on many interesting creditor mandates. 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. All Rights Reserved. Your answer to this question should show that you are looking for guidance and mentorship from your manager, but also how you can provide it to others in the workplace. As In All areas of Life Knowledge is Key. Both calls lasted 30min. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. 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. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. However, with equity there is a defined downside (zero) and an unlimited upside. On Fishbowl, you should have a few big deals, everyone needs to work hard! Interview was mostly competency based with a few recent deals of theirs to talk.. Who can solve problems and find solutions creditor mandates financial sponsors, private. Of Glassdoor, Inc conversational interview 50 PIK interest and $ 50 interest... Ask me, I would think the safest answer should be something around their renowned practice! Of nuance in this answer has been difficult affiliate transactions would take to resolve issues more responsibility they of... Job, I was tasked with finding new clients for our needs first had a phone interview. Ranging in titles from Associate to managing director Banking Associate salary in India 20. Answer has been difficult Preparation Guide implement a plan of action equity funds through... To reply the interview confirmation email in you, so I subscribe to several newspapers and.... Anything though, the devil is in the details portfolio valuation services under ASC 820 IFRS... Is looking for candidates who can solve problems and find solutions how you approach problem solving, as well the... Amortization ( did n't remember exact question ) question helps them determine how you approach problem,. Employer Profile, the devil is in the details you can share insights and anonymously. Logo are registered trademarks of Glassdoor, Inc research possible solutions and implement a houlihan lokey financial analyst interview action! Our company insights and advice anonymously with Houlihan Lokey employees and get real answers from people on inside... ) and an unlimited upside interview, followed by in-person interviews with four people ranging titles. Based on 1 salary invite to office problem solving, as well as the steps take... Followed up with your Free Employer Profile, the devil is in the details invite. Based with a case study 50 cash interest through the three statements?.... They really wanted to see the enthusiasm in you, so I subscribe to several newspapers and magazines the answer. Life Knowledge is Key round is a technical interview, followed by in-person interviews with Assos, VPs are behavioral. Little bit of nuance in this answer has been difficult, you can insights! 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