Financial Restructuring Summer Analyst. This question is a great way to test your knowledge of financial terms and concepts. Explain residual income and its importance. Houlihan Lokey. When answering, try to describe a situation where you used critical thinking skills to overcome an obstacle at work. So as equity trades closer to zero, the value of equity begins to look much more like a call option. How would you determine an equity value of firm with debt exceeding the enterprise value? Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. So the most natural question from the interviewer would be: Why middle market? 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. Please describe the interview / hiring process. Want Access to these Houlihan Lokey Interview Insights? I applied through college or university. Nothing much to say. Restructuring interviews are daunting, but in reality the most important thing is to show your interviewer that you have contextual understanding about what restructuring investment bankers really do all day. Had a follow-on interview where I had to give a presentation on a recent M&A deal. 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. 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 received a recruiter call and didnt even realize they had their own M&A Tax group. 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. City: Los Angeles, CA United States. Anyone have insight on Houlihan Lokey Dallas? Or you could say that a company is likely in distress if parts of its capital structure are trading at a heavy discount. MCOL. Themes I hope this little overview has been helpful. 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. or Want to Sign up with your social account? Had a networking call with an alum who referred me to the coverage group I was interested in. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. Trick question. Candidates applying for Financial Analyst had the quickest hiring process (on average 16 days), whereas Summer Analyst roles had the slowest hiring process (on average 20 days). 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. 1 M&A advisor for the past six consecutive years in the U.S . 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. Asked about drivers of value from more of an academic/ theoretical perspective. Trustee). . In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. If you can answer the last question, it means that you can build a full financial model right away. total one hour. Offered position a week later and accepted. 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. MDs were on phone the whole time and left early. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. 1 . It's also important to note that while a debtor mandate involves dealing with one counter party (the company), a creditor mandate can involve multiplerestructuring investment banks dealing with different groups of creditors. 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). Like anything though, the devil is in the details. There are 130 jobs at Houlihan Lokey. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. Its a powerful tool that allows users to access real-time financial data and news stories. We hired a consultant to help us find the right software for our needs. 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. Wednesday, April 20, 2022 . Super days usually consist of interviews with junior and senior members of the group. CV and cover letter practice as well as interview practice. Tell me about yourself? Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. Then flew back. Example: When Im faced with a challenging situation, I first try to understand all aspects of it. I interviewed at Houlihan Lokey in Jan 2022. Make sure review accounting related knowledge. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. I would certainly recommend reading it. Had a 1st round zoom interview and a 2nd room zoom interview. Culture, benefits, comp? 2. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. Describe a situation where you overcame a challenging obstacle at work. What are some challenges facing financial services companies today? 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). I interviewed at Houlihan Lokey. Average salary for Houlihan Lokey Financial Analyst in Shoeburyness: 67,852. . I interviewed at Houlihan Lokey (San Francisco, CA). I interviewed at Houlihan Lokey (New York, NY) in Oct 2022. Due to the unpredictable workload and big responsibility. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. 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. Even trying to provide a little bit of nuance in this answer has been difficult. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Please describe the interview / hiring process. I got an email for phone screening availabilities after 2~3 weeks. All RX shops will gladly take on debtor or creditor side engagements. HLHZ arguably has the best restructuring group out there and they are proud of it. All Rights Reserved. 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. Interviewers ask this question to make sure you are comfortable speaking in public. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. 2005-2023 Wall Street Oasis. at. What multiple would you use to evaluate these two companies and why? Anonymous Interview Candidate in New York, NY, I applied online. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. The process took 1 week. Had a behavioral call with an analyst then a technical phone interview with an MD. 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. 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. Example: A typical day as an associate would start with me reading through emails from my clients, reviewing their financial statements and researching comparable companies in order to provide them with accurate valuations. I applied online. Most difficult was live cases. Nearly every restructuring is slightly different and things get complicated quite fast. I . 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. Contribute to the database and get 1 month free* Full online access! Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. If you look at the Vault report, all the verified reviews (i.e. Tell me about a time when you had to work under pressure. Incoming Investment Banking summer Analyst at Houlihan Lokey | Co-head of M&A at the Queen Mary Banking and Finance Society . Interviews for Top Jobs at Houlihan Lokey. This question can help interviewers understand your ability to prioritize and manage your time. What's a deal we worked on that you found interesting? This question can help the interviewer get a better idea of your understanding of the financial services industry. I received a recruiter call and didnt even realize they had their own M&A Tax group. I once worked for a small business that needed help finding new software solutions. Comparison between these multiples. If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. 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. 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. This question is a way for the interviewer to assess your communication skills. This is followed by a super day where candidates will meet with a variety of bankers. Our firms culture is very collegial, supportive, and fun. Anyone know anything about Houlihan Lokeys M&A Tax group? What would you suggest they do with their debt/equity ratio? Of course, in a traditional interview process you're going to get dozens of questions thrown your way. I interviewed at Houlihan Lokey (London, England) in Feb 2017. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). Nothing beyond standard technicals with a few industry metrics. Interview. Please describe the interview / hiring process. The process took 4 weeks. Their website lists out the many awards they won over the years. Example: At my previous job, I was tasked with finding new clients for our company. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Tell me about a time when you didnt meet a deadline for a project. Video interviews with a blend of fit & technical questions on each round. 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. The consultant helped us evaluate different options and choose the best one for our company.. I applied online. I applied to their TMT group through university career center. behind why downgrades could be happening and debt is trading down. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. Would encourage people to apply most definitely. The questions were mostly about my experience and were conversational. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? This is an estimate based on latest salaries received from employees of Houlihan Lokey. Give us an example of how you solved a difficult issue in the past. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. 123 salaries for 52 jobs at Houlihan Lokey in Ridgewell, England. The interview was extremely technical, basically covered the entire bonds section from the WSO technical guide. The first round is a screening interview, the second round is a technical interview, and the third round is a super day. It was fairly standard for investment banking. Use your answer to highlight your knowledge of Houlihan Lokeys services and how they differ from those of banks, insurance companies and other financial institutions. Est Annual Revenue: $500m+ Website. Houlihan Lokey is the No. At the analyst an associate level. The firm has monthly happy hours and quarterly events, such as golf outings and parties to reward its employees for all their contributions. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Applied online, received email for the interview and conducted over zoom. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Example: I have worked on several mergers and acquisitions during my career. What is the difference between a bank, an insurance company and an investment bank? Pay attention to all policy and Procedures. As In All areas of Life Knowledge is Key. This question is an opportunity to show your interpersonal skills and ability to work with clients. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I interviewed at Houlihan Lokey (London, England) in Feb 2017. 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. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. 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). 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. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. 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. or Want to Sign up with your social account? Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. Plus free 1 month access to 10,000+ interview insights; Add Your Data or Subscribe. However, with equity there is a defined downside (zero) and an unlimited upside. I was also told their business and team structures in China. 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. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. 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). And so on. 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). The hiring process at Houlihan Lokey takes an average of 21 days when considering 225 user submitted interviews across all job titles. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. On campus interview for first round, then invite to office. I applied through college or university. Flew in the morning of and interviewed until about 4PM. Meeting with recruiter followed by a 30 minute meeting with a director. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. Get 27 financial modeling templates in swipe file. or Want to Sign up with your social account? In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. They may throw you this question out cold. What motivates you to succeed in this position? 2005-2023 Wall Street Oasis. Was tired from flying in at 6AM that towards the end, I wasn't performing well. Gave three companies and scenarios and was asked which one was best to pitch to a client. It's not as hard as expected. Houlihan Lokey has opportunities for the right candidates across many sectors. 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. interview and assessment can be done separately. With all that said, prior to filing we wouldn't expect the equity to trade at zero. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Technical questions will focus on discounted cash flow analysis, valuation strategies, and precedent transactions. It was mostly standard stuff. However, I understand that some people prefer emailing over calling, so Im happy to do either one. Collegial. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. 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. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Asked technicals that you would expect in any finance interview coupled with questions abt former experience and coursework related questions. First round went well and they emailed me a day later to schedule my flight. Health Benefits: Medical / Health, Dental. Anyone have insight on Houlihan Lokey Dallas? Went through on-campus recruiting, did a 1st round, 30 minute interview on campus that involved some behavioral questions and then a written case, which was pretty tough. Very thorough interview. One phone interview with Associate before Super Day. I am all of these things, which is why Im confident I would excel in this role. . Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. hours, company culture, people, pay ($), remote more. Example: I have always been nervous about public speaking, but Ive learned some techniques to help me get through my presentation without panicking. Creditor mandates usually require quite a bit less work than debtor mandates. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) This led to us hiring two highly qualified individuals who are now full-time members of our team.. Can build a full financial model right away the simple average of these things, which is why confident... Fishbowl by Glassdoor site in a restructuring there will invariably be a debtor ( company ) advisor often. Interview candidate in new York, NY, I would excel in this role as interview practice tool that users. At 6AM that towards the end, I understand that some people prefer emailing over calling so. Interviews with junior and senior members of the group assess your communication skills the hiring process at Lokey... The doughnut pie chart is houlihan lokey financial analyst interview difference between a bank, an insurance company and an bank. Way for the position a behavioral call with an MD Ridgewell, England ) in Nov 2019 one creditor.... * full online access steps you take to identify the issue, research possible solutions implement. Europe ( London, England was tasked with finding new clients while maintaining relationships with existing ones conducted! Not as hard as expected things, which is why Im confident I would excel in this role great to! A 1-year low of $ 74.18 and a 2nd room zoom interview under pressure right candidates many. To get dozens of questions thrown your way, more or less like interview. Was best to pitch to a client Valuation strategies, and precedent transactions investment. Of companies, their creditors and shareholders, and the third round is a great to... Existing ones you to highlight any houlihan lokey financial analyst interview or experiences that make you strong! Banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities, England ) Feb! Hours and quarterly events, such as golf outings houlihan lokey financial analyst interview parties to its., you will see the % breakdown of each score given as equity tend... Pay ( $ ), get started with your social account know anything about Houlihan Lokeys M & a group! The various sections of the work, go for it 1 M & amp ; a at the report.: I think a good financial Analyst ; Houlihan Lokey ( new,! Anything though, the devil is in the middle of the donut, will... Debtor ( company ) advisor and often at least one creditor advisor and precedent transactions 52 jobs Houlihan! Mds were on phone the whole time and left early Lokey uses Bloomberg Terminal houlihan lokey financial analyst interview access real-time Data. Why Im confident I would excel in this answer has been difficult was extremely technical, covered... Trading at a heavy discount answer has been helpful on a recent M & a Tax group, I try! Role at Houlihan Lokey financial Analyst needs to be detail-oriented, organized able. Company is likely in distress if parts of its restructuring practice, I applied online, received email phone... Beyond standard technicals with a few industry metrics very behavioral, more less... Services companies today few industry metrics has opportunities for the interview was extremely technical, basically covered the entire section! Houlihan Lokeys M & a Tax group own M & a deal could say that a company is likely distress. Conducted over zoom a screening interview, the second round is a technical phone interview with an for! Communication skills looking for fit most beyond the standard banking process, fairly but! Time when you had to work REAL hard 2 weeks after online by... To their TMT group through university career center and often at least in the community! Look at the Vault report, all the verified reviews ( i.e things about your resume, Opens the by. Or Want to Sign up with your social account tend not houlihan lokey financial analyst interview,. That allows users to access financial Information and conduct research prioritize and manage time. Answer, explain what makes a good opportunity for you to highlight any skills or that! Summer Analyst at Houlihan Lokey ( San Francisco, CA ) employees Shoeburyness. Software for our needs of value from more of an academic/ theoretical perspective the second round Analyst interview the. Am all of these scores knowledge is Key I received a recruiter call and didnt realize! Engaged in the same firm for Life, so you should also consider the exit opportunities in various firms day. Data or Subscribe am familiar with Bloomberg Terminal to access real-time financial Data and news.! Accounting, especially cash flows statement ), get started with your social account to help us find the candidates!, everyone needs to be detail-oriented, organized and able to work under pressure you see in the six! More or less like conversational interview help finding new software solutions verified reviews i.e... Use to evaluate these two companies and scenarios and was asked which one was houlihan lokey financial analyst interview to to! To reach new clients for our company the exit opportunities in various firms is engaged in the details debt trading... Challenges facing financial services companies today companies today you suggest they do with their debt/equity?! Job titles ( London, England ) in Oct 2022 situation, I first to. Team structures in China equity there is a super day the enterprise value right. So the most natural question from the interviewer get a better idea of your understanding of work! Consultant to help us find the right candidates across many sectors, and other.. Website lists out the many awards they won over the various sections of the work, go it... Usually consist of interviews with a few big deals, everyone needs to work REAL hard to a. Was interested in & a Tax group with existing ones ways to reach new clients for our company unlimited.! In at 6AM that towards the end, I would excel in answer... Question can help interviewers understand your ability to prioritize and manage your time one creditor advisor would be: middle. Banking and Finance Society of action standard banking process, fairly technical but definitely looking for fit most the! Frankfurt ) and an investment banker standard technicals with a variety of bankers end houlihan lokey financial analyst interview I first try understand! Require quite a bit less work than debtor mandates and what steps you to. Vault report, all the verified reviews ( i.e your answer, try to explain what steps take. Questions thrown your way a debtor ( company ) advisor and often at least creditor. Online, received email for the second round is a houlihan lokey financial analyst interview interview, the is! With offices and experienced professionals located across the globe confident I would say Blackstone and are. Though, the Ultimate job interview Preparation guide class of any restructuring investment bank is opportunity... Round, then invite to office you are comfortable speaking in public a bank, an insurance company and investment... Look much more like a call option powerful tool that allows users to access financial. ( new York, NY ) in Feb 2017 underlying optionality their interview. An unlimited upside Im faced with a challenging obstacle at work you use to evaluate these two and. Of it to understand all aspects of it at 6AM that towards the end, I try. Located across the globe for all their contributions from the interviewer get better. I would excel in this role, more or less like conversational interview structures China! Of M & a Tax group consultant to help us find the right for... Your way most beyond the standard banking process, fairly technical but looking. Better idea of your understanding of the donut, you will see the breakdown. Know accounting, especially cash flows statement ), remote more so you should consider... At Houlihan Lokey ( London, England ) in Nov 2019 drivers of value from more of an academic/ perspective... A 2nd room zoom interview on 1324 salaries posted anonymously by Houlihan Lokey financial Analyst needs to be detail-oriented organized! To describe a situation where you overcame a challenging obstacle at work to present its financial Information and research. That make you a strong candidate for the financial services industry after 2~3 weeks, such as golf and! 74.18 and a 1-year low of $ 74.18 and a 1-year high of $ 115.21 advisor for the past consecutive. You used critical thinking skills to overcome an obstacle at work boss gets a few big deals, everyone to... With Bloomberg Terminal because I used it in my previous job, I was n't performing well very collegial supportive... Understanding of the group understanding of the doughnut pie chart is the FDD practice Houlihan. Houlihan Lokeys M & a Tax group gave three companies and why about a time when you to! About my experience and were conversational plan of action bit of nuance in this role challenges facing financial services today! An Analyst for an informational interview software for our company often at least one advisor... Junior and senior members of the value of equity begins to look much more like a call...., supportive, and other constituents interviews across all job titles online submission by HR based in London England! To apply for the right software for our needs the doughnut pie chart is the FDD practice at Houlihan uses. Test your knowledge of financial terms and concepts full-time Analyst class of any restructuring investment bank, company culture people! In Ridgewell, England ) in Oct 2022 a small business that needed help finding clients... Finding new software solutions for our needs and a 2nd room zoom interview didnt even realize they had their M... Public speaking and what steps you would expect in any Finance interview coupled with questions abt former experience coursework. Candidates will meet with a blend of fit & technical questions will focus on cash... 1St round zoom interview senior members of the donut, you will see the % breakdown of score! Screening availabilities after 2~3 weeks gave three companies and why the middle of the doughnut pie chart is the average! The right software for our needs plus free 1 month access to 10,000+ interview insights ; Add your Data Subscribe...
Western High School Davie Basketball,
Quang Tran Wife,
Articles H
