Almost no company has enough cash on hand to just pay off the principal balance of their debt when it comes due (it likely wouldn't be prudent to do so! I interviewed at Houlihan Lokey. Can you describe a typical day as an associate? Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. I applied through college or university. Why financial restructuring? I hope this little overview has been helpful. Another technical round Pay attention to all policy and Procedures. Trustee). Go through the resume first, and then some technical questions as well as behavioral questions. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Example: I expect my manager to be available when I need them and to offer me feedback on my performance regularly. The key things to know for an interview about any out-of-court restructuring deal are the ultimate terms of the deal, how this has at least partly solved the company's problem (pushed out maturity wall, got rid of some cash interest expense, etc. I am all of these things, which is why Im confident I would excel in this role. Houlihan Lokey. Are you familiar with Bloomberg Terminal? Compensation info for 1st Year Analyst in Houlihan Lokey (London). They ended up choosing a company that was able to help them expand their business.. I . Quantitative Strategist (Vice President). Make sure review accounting related knowledge. Given several numbers quickly, how do you get to Cash Flow from Operations? Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. 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. Why HL? I interviewed at Houlihan Lokey in Jan 2022. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. Asked me a lot of questions abt if I had gotten other offers and when I had to respond to them if I had them. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Interview Questions. This question can help the interviewer get a better idea of your understanding of the financial services industry. The interview process takes about a week. 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. 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. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. 2005-2023 Wall Street Oasis. Explore more on salary insights by experience and location. OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. Nova York, Estados Unidos. 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. Would encourage people to apply most definitely. Interview. 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. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. Be the first to find this interview helpful. at. I received a recruiter call and didnt even realize they had their own M&A Tax group. Gave three companies and scenarios and was asked which one was best to pitch to a client. Companies. 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. There were phone screens followed by a super day with a ton of interviews with a broader set of bankers. . Financial Restructuring Summer Analyst. I also try to learn as much as I can about the audience so I can tailor my speech to them.. View job. They agreed, and it helped us grow our client base.. However, with equity there is a defined downside (zero) and an unlimited upside. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Want Access to these Houlihan Lokey Interview Insights? On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. It was mostly standard stuff. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. 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. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? 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 interview details: 266 interview questions and 243 interview reviews posted anonymously by Houlihan Lokey interview candidates. The process took 4 weeks. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? For other industry groups in corporate finance, they are considered ok-ish If you like the people there and dont mind an occasional lack of deal flows, no problem; but if you get an offer at a bulge bracket, you should seriously consider your alternatives. Anyone have insight on Houlihan Lokey Dallas? Interviewers ask this question to make sure you are comfortable speaking in public. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. What this particular way ofanswering this question does is show you implicitly understand the "Why?" 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. Our experience in M&A has earned us consistent recognition throughout the industry. or Want to Sign up with your social account? Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. What was your most successful experience working with clients? Create Comparison. The process took 6 weeks. What would you suggest they do with their debt/equity ratio? I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. Nothing like M&I guide. Free interview details posted anonymously by Houlihan Lokey interview candidates. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. MCOL. 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). These are all signs of potential distress, to be sure. interview and assessment can be done separately. I applied online, reached out to some alumni from my school on LinkedIn and had phone calls or coffee chats with them. Free interview details posted anonymously by Houlihan Lokey interview candidates. How do you value a building? 2005-2023 Wall Street Oasis. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. 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. After my initial phone interview I had a technical interview with a VP. In other words, be well prepared! . The process took 4 weeks. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. I applied to their TMT group through university career center. Both calls lasted 30min. 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). Had a 1st round zoom interview and a 2nd room zoom interview. Comparison between these multiples. I would certainly recommend reading it. ), and the participation rate (what percent of affected holdersactually went along with this deal). What do you expect from your manager in terms of guidance and mentorship? 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. Process lasted about a month or two. . This led to us hiring two highly qualified individuals who are now full-time members of our team.. All Rights Reserved. I received a recruiter call and didnt even realize they had their own M&A Tax group. The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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. Basic zoom interview with technical and behavioral questions. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. As regulators and investors increase scrutiny of private . I hope you will find the following information on Houlihan Lokey careers and interview tips helpful. I did not get end up getting the offer, but it was an enjoyable experience. Had a follow-on interview where I had to give a presentation on a recent M&A deal. The process took 3 weeks. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. Salary is <200, TC <250, yoe about 10. 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. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Had a behavioral call with an analyst then a technical phone interview with an MD. 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. Example: I want to work at Houlihan Lokey because I am passionate about working in a fast-paced environment where I can make a difference. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. When answering this question, it can be helpful to define residual income and explain how its used in the business world. Their own M & a Tax group on discounted cash flow analysis, valuation strategies and. Chart is the simple average of these scores HR based in London, it was for position... A position in Dubai our client save money without sacrificing quality or efficiency sacrificing quality or efficiency highly individuals. 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