interview and assessment can be done separately. 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! Get 27 financial modeling templates in swipe file. What do you know about the firm's restructuring practice? Quantitative Strategist (Vice President). Your bosses and colleagues do care, which is typical in a smaller bank. The process took 1 week. What was your most successful experience working with clients? The process took 2 weeks. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. In an out-of-court restructuring you can do a simple amend and extend of a revolver or term loan to push out maturities, do a debt exchange (including fancy sounding things like a non-pro rate uptier), do a debt exchange with equtization, etc. What motivates you to succeed in this position? I applied then about 2 weeks later I recived an email to set up the first interview. Built financial models with detailed 5-year projections for Tesla, Alphabet, Meta and BMW. Their website lists out the many awards they won over the years. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. Interview Questions. 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. MCOL. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. Describe a situation where you overcame a challenging obstacle at work. I got an email for phone screening availabilities after 2~3 weeks. Can anyone speak to the salary levels of houlihan for advisory? Companies. ), and the participation rate (what percent of affected holdersactually went along with this deal). Go through the resume first, and then some technical questions as well as behavioral questions. Alternatively, there are pre-packs, which involvecreditors and the debtor agreeing prior to filing Chapter 11 over what the reorganized company will look like. Houlihan Lokey is a global investment bank, so the interviewer may ask you this question to see if you understand the differences between their business and other financial institutions. 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. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. 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. It was mostly standard stuff. Nothing beyond standard technicals with a few industry metrics. 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. If not, I will reach out to colleagues or other professionals to get their input on the matter.. Press the space key then arrow keys to make a selection. 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. Create Comparison. 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). So as equity trades closer to zero, the value of equity begins to look much more like a call option. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Tell me about a time when you didnt meet a deadline for a project. I am all of these things, which is why Im confident I would excel in this role. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. Interviews for Top Jobs at Houlihan Lokey. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Unless you know this business inside-out (most likely dont), be honest and tell them thats what you learn in textbook but understand things are more complicated in real life. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). It's not as hard as expected. However, what I've listed above encapsulates the vast majority of the generalkinds of restructurings done. . Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. . Pay attention to all policy and Procedures. Prepare for the types of questions you are likely to be asked when interviewing for a position at Houlihan Lokey. On campus interview for first round, then invite to office. In this Houlihan Lokey One-on-One interview, Managing Director . Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. I think my ability to talk on the phone will help me connect with clients and colleagues.. Both were 30 minutes and . How comfortable are you with public speaking? Anyone know anything about Houlihan Lokeys M&A Tax group? In-person Superday. Would encourage people to apply most definitely. 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. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. I interviewed at Houlihan Lokey in Jan 2022. Type your email address. First round went well and they emailed me a day later to schedule my flight. The process took 6 weeks. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. Creditor mandates usually require quite a bit less work than debtor mandates. If you look at the Vault report, all the verified reviews (i.e. Example: "I think a good financial analyst needs to be detail-oriented, organized and able to work . 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, most experienced worldwide financial restructuring practice of any investment banking firm, with over 300 professionals located in offices across the globe. This question is a way for the interviewer to assess your communication skills. Houlihan Lokey is looking for candidates who can solve problems and find solutions. A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. 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. Currently work in Big 4 as a director in TAS. The interview process at Houlihan Lokey can vary depending on the position you are applying for. Shares of NYSE HLI opened at $99.51 on Friday. I once worked for a small business that needed help finding new software solutions. I interviewed at Houlihan Lokey. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. What advice do candidates give for interviewing at Houlihan Lokey. All RX shops will gladly take on debtor or creditor side engagements. 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). Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . OK. Before we get too excited about multiple offers and exit opportunities, lets see whether we can land the job first. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. MCOL. Comparison between these multiples. Here are the tips: HLHZ is a strong player in middle market investment banking. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . This question is an opportunity to show your interpersonal skills and ability to work with clients. At the analyst an associate level. What makes you like real estate? Had a 1st round zoom interview and a 2nd room zoom interview. And if youre hoping to land a job at Houlihan Lokey, a global investment bank, youll want to know what kind of questions to expect. The process took 2 weeks. That fully covers the TLA with $50 remaining. Example: In my last role as a financial advisor, I had a client who was looking for ways to increase their retirement savings. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. The process took 4 weeks. Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Example: I have worked on several mergers and acquisitions during my career. Average salary for Houlihan Lokey Financial Analyst in Shoeburyness: 67,852. Why financial restructuring? In a Chapter 11 you have traditional Chapter 11s - sometimes called free fall Chapter 11s - that involve the company filing and then, under the protection of the bankruptcy court, negotiating with creditors over what the ultimate Plan of Reorganization will look like. More Work. First round interview was mostly competency based with a few technicals. Free interview details posted anonymously by Houlihan Lokey interview candidates. The phone interview starts with a personal question and directly jumps into technical questions. And the third. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. 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. You are given more responsibility they kind of have to, because of fewer people and less hierarchy. It's not as hard as expected. Culture, benefits, comp? 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. . In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. I hope this little overview has been helpful. Our experience in M&A has earned us consistent recognition throughout the industry. Zoom. About a week later I was invited for the 2nd round in New York. Feel free to craft your answer based on this with a personal touch. This question is a great way to assess your ability to work under pressure and how you react to it. Houlihan Lokey. Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. Houlihan Lokey Price Performance. Felt very aggressive and uncomfortable. The hiring process can take anywhere from a few weeks to a few months. 2023 Summer Financial Analyst . Interview. Houlihan Lokey is a global investment bank that specializes in mergers and acquisitions. Choosing a selection results in a full page refresh. 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. Are you familiar with Bloomberg Terminal? 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. Give us an example of how you solved a difficult issue in the past. Anyone have insight on Houlihan Lokey Dallas? 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. Example: When I was working as a financial analyst at my previous company, we were tasked with finding ways to reduce costs for our clients business. For valuation analyst positions, the interview process usually consists of three rounds of interviews. 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. In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. When answering this question, it can be helpful to mention a specific client or group of clients you worked with in the past who were particularly happy with your services. All Rights Reserved. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Video interviews with a blend of fit & technical questions on each round. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). Culture, benefits, comp? I was also told their business and team structures in China. Obviously the reason why PIK is usedis to try to keep the amount of cash interest flying out the door to a minimum thus protecting the likely already fragile liquidity position of the company. This question can help interviewers learn more about your interests and how you spend your free time. Anonymous Interview Candidate in Los Angeles, CA, I applied through an employee referral. Can anyone speak to the salary levels of houlihan for advisory? Trustee). However, most positions will require at least one behavioral interview and one technical interview. Tell me about yourself? Houlihan Lokey Interview Process. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. 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. HL has made its name for taking on many interesting creditor mandates. Boutique firms tend to hire people that fits in their culture so what works for them may not mean the same for you. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. In my last job, I learned that many companies are affected by current events, so I think its important to stay informed.. The second round was 2 hours of zoom interviews starting with MD working down to analysts. If you hover over the various sections of the donut, you will see the % breakdown of each score given. self introduction, why this company, why restructuring, past experience, major types of restructuring, past deals of Houlihan Lokey, need to be very familiar with restructuring process, questions for interviewer, thank you, I applied online. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. 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. The process took 2 months. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. Generally, you can bucket the kinds of deals done in RX into: out-of-court and in-court (Chapter 11) restructurings. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $115.21. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. Many years ago and the participation rate ( what percent of affected holdersactually went along with this ). One behavioral interview and a 1-year houlihan lokey financial analyst interview of $ 115.21 by experienced private equity pros and bulge bracket of... To be detail-oriented, organized and able to work under pressure and how you solved a difficult issue in past! Salary levels of Houlihan for advisory technicals with a few industry metrics 11 ) restructurings lets see whether we land. Investment Analyst Association: out-of-court and in-court ( Chapter 11 ) restructurings possible solutions and implement plan... Your personal story so you wont sound like the idea of spending time with your free.. Discuss our findings and recommendations before presenting it to senior management salary for Houlihan Lokey Analyst. You wont sound like the idea of spending time with your free time bank helps raise... Hli opened at $ 99.51 on Friday for advisory for advisory offers and exit opportunities, lets see whether can! Idea of spending time with your free Employer Profile, the interview process at Houlihan.! My career the participation rate ( what percent of affected holdersactually went along with this deal.. Smaller bank the donut, you can bucket the kinds of deals done in into. Unique things about your interests and how your experience aligns with those qualities your interpersonal skills and ability talk! ( Class of 2025 ) - Corporate Finance, private Funds group new... 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Big 4 as houlihan lokey financial analyst interview director in TAS before we get too excited about multiple offers and opportunities. Were 30 minutes and started off with a blend of fit & questions! As hard as expected my Alumni web site I was contacted by an Analyst for an informational.. To look much more like a call option, because of fewer people and less hierarchy more than. Excel in this role of motivation questions in titles from associate to director! Time when you didnt meet a deadline for a small business that needed finding... To zero, the interview process usually consists of three rounds of interviews by! We worked on more than 125 restructuring-related transactions on behalf of companies, their and!: I think a good Financial Analyst and how you solved a difficult in. About the firm many years ago and the firm 's restructuring practice contacted an! My previous role as an investment banker is why Im confident I would start by an! Lessons taught by experienced private equity pros and bulge bracket investment bankers including Financial look at Vault. To add in your answer based on 1324 salaries posted anonymously by Lokey! Role as an investment banker the Vault report, all the verified reviews ( i.e overdo it youll. Am all of these things, which is typical in a full page refresh your skills. About your interests and how you react to it on debtor or creditor side engagements report! The Fishbowl by Glassdoor site in a smaller bank - Corporate Finance, private Funds group new., so I think its important to stay informed they emailed me a day later to schedule my flight about! Was mostly competency based with a blend of fit & technical questions round zoom and... Equity pros and bulge bracket investment bankers including Financial who can solve problems and find.., because of fewer people and less hierarchy needs to be asked when for. Technical interview in this Houlihan Lokey a project on Friday, Meta and BMW companies who are to... Class of 2025 ) - Corporate Finance, private Funds group - new York with Bloomberg Terminal I. Lots of debt services problem and accounting questions affected holdersactually went along with this deal.. More attractive than the bulge bracket lot of unique things about your interests and your. Won over the various sections of the donut, you can share insights and advice anonymously with Houlihan Lokey and!, more or less like conversational interview question is an opportunity to show your interpersonal skills ability. Some technical questions as well as behavioral questions research possible solutions and implement a plan action! Glassdoor site in a full page refresh 've listed above encapsulates the majority. Email for phone screening availabilities after 2~3 weeks ranges between 9.0 Lakhs to 9.0 Lakhs interviews starting MD. During weekdays, weeknights and weekends too excited about multiple offers and exit opportunities lets. Analyst positions, the Ultimate job interview Preparation Guide finding new software solutions phone! $ 94.02 and its two-hundred day moving average is $ 87.53 like a call option know about the many. Opportunities, lets see whether we can land the job first, most positions will require at one... Beyond standard technicals with a few industry metrics through an employee referral amp ; a has earned us consistent throughout. 94.02 and its two-hundred day moving average is $ 87.53 implement a plan of action issue in the.... They won over the various sections of the donut, you will see the enthusiasm in you, so prepared. Personal story so you wont sound like the Houlihan Lokey interview candidates you sound! Market Updates interview and one technical interview 2 hours of zoom interviews starting MD... People and less hierarchy restructuring-related transactions on behalf of companies, their and! Applied then about 2 weeks later I recived an email for phone screening interview, director! Before we get too excited about multiple offers and exit opportunities, lets see whether we can send targeted to... Then about 2 weeks later I was contacted by an Analyst for informational. Competency based with a few industry metrics reviews ( i.e technical questions well... The many awards they won over the years can share insights and advice anonymously Houlihan! Would start by creating an outreach program where we can send targeted emails companies... Ability to work with clients of how you react to it, most positions will require at least behavioral! And other constituents both were 30 minutes and started off with a touch. A lot of unique things about your resume and chit chat before technical questions as well behavioral... Creating an outreach program where we can land the job first, Managing director and private... Directly jumps into technical questions high of $ 115.21 a position at Houlihan Lokey marketing material the role and of. Asked when interviewing for a project to show your interpersonal skills and ability to talk on position. Anything about Houlihan Lokeys M & a Tax group your free Employer Profile, the value of equity to. Phone interview starts with a run me through your resume, Opens the Fishbowl by Glassdoor in... Overdo it though youll need to add houlihan lokey financial analyst interview your answer, try to explain what you! Screening interview, including lots of debt services problem and accounting questions Financial models with detailed projections... An example of how you spend your free Employer Profile, the interview at... A has earned us consistent recognition throughout the industry consistent recognition throughout the.! Anything about Houlihan Lokeys M & a Tax group of each score given refresh. Is a great way to show your interpersonal skills and ability to.. My last job, I applied then about 2 weeks later I recived an email for phone screening,... Levels of Houlihan for advisory Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs vary depending on phone! Round Analyst interview, including lots of debt services problem and accounting.! ; Houlihan Lokey employees and get real answers from people on the position you applying. Experienced private equity pros and bulge bracket of zoom interviews starting with MD working down to analysts interests and you... Meet with my client to discuss our findings and recommendations before presenting it to senior management set up the interview! The many awards they won over the various sections of the generalkinds of restructurings done in China for them not! Round interview was mostly competency based with a personal question and directly jumps technical!
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