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. Average Houlihan Lokey Investment Banking Associate salary in India is 20 Lakhs per year based on 1 salary. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. Prepare for the types of questions you are likely to be asked when interviewing for a position at Houlihan Lokey. In your opinion, what makes a good financial analyst? Houlihan Lokey has opportunities for the right candidates across many sectors. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. Since its first day of trading, this undiscovered investment bank has delivered . . What do you expect from your manager in terms of guidance and mentorship? A lot of unique things about your resume, Opens the Fishbowl by Glassdoor site in a new window. I interviewed at Houlihan Lokey (New York, NY) in Dec 2009. Common Multiples used. Now we're at +$40. Traditional debt above equity in the capital structure is capped at what their returns can be (the given interest rate plus the repayment). Here are the tips: HLHZ is a strong player in middle market investment banking. 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). Its a powerful tool that allows users to access real-time financial data and news stories. 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. or Want to Sign up with your social account? Get 27 financial modeling templates in swipe file. First had a phone screening interview, followed by in-person interviews with four people ranging in titles from associate to managing director. I had a phone interview with a person from HR to begin the interview process. Companies. Group/Division/Type: Generalist. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. This question is an opportunity to show the interviewer that you are motivated by more than just money. Super days usually consist of interviews with junior and senior members of the group. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). I did not get end up getting the offer, but it was an enjoyable experience. Video interviews with a blend of fit & technical questions on each round. Just study the 400 BIWS questions guide and you shouldn't be worried about technicals. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel When answering this question, try to think of an example that showcases your problem-solving skills and the steps you took to solve the issue. The process took 6 weeks. When it comes to interviews, preparation is key. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Est Annual Revenue: $500m+ Website. 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. HR take long time to reply the interview confirmation email. The process is going well in around 40 mins. Had a 1st round zoom interview and a 2nd room zoom interview. Most difficult was live cases. 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. I did not get an offer. If you get the HLHZ restructuring group offer and you like the nature of the work, go for it. Comparison between these multiples. Then, I break down the problem into smaller pieces so that I can analyze each part individually. It was overall a straightforward interview but the experience was different than I had anticipated. I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. After finding several potential matches, I presented them to the client so they could choose the best option. They really wanted to see the enthusiasm in you, so be prepared with lots of motivation questions. It was fairly standard for investment banking. Offered position a week later and accepted. Tell me about yourself? ), but that's no issue because they can just roll over (refinance) their debt when it comes due. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong . Join to apply for the Financial Analyst, Corporate Valuation Advisory Services role at Houlihan Lokey. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Interviewers ask this question to make sure you are comfortable speaking in public. I . how do you reflect $50 PIK interest and $50 cash interest through the three statements?). The phone interview starts with a personal question and directly jumps into technical questions. The firm is known to ask very technical questions, which reflect the firms technical, no-nonsense culture. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). So as equity trades closer to zero, the value of equity begins to look much more like a call option. What three words would people use to describe you, Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). Free interview details posted anonymously by Houlihan Lokey interview candidates. I was also told their business and team structures in China. 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). . Houlihan Lokey . Maturity walls refer to points of time when various pieces of the capital structure come due. What advice do candidates give for interviewing at Houlihan Lokey. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. First round interview behavioral 45 minute. If there's not a whole docket to go through, it makes it much harder for you to be asked tricky follow up questions. Got an interview through an analyst referral for the LA restructuring group. More Work. At the analyst an associate level. 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). Phone interview. Applied online, received email for the interview and conducted over zoom. . Would encourage people to apply most definitely. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with more than 250 professionals located in offices across the globe. Houlihan Lokey is prestigious for a reason it does seem to be an excellent place to launch your banking career IF you are a banking material. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Standard banking process, fairly technical but definitely looking for fit most beyond the standard banking capabilities. 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. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. This question can help interviewers learn more about your interests and how you spend your free time. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. What was your most successful experience working with clients? For valuation analyst positions, the interview process usually consists of three rounds of interviews. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. I had prepped for this question. Was contacted 2 weeks after online submission by HR based in London, it was for a position in Dubai. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. . People have rated the overall interview experience as . Nothing much to say. How do you approach problem solving? . 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. They ended up saving thousands of dollars per year, which allowed them to retire early.. 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. Use examples from your previous experience to highlight how you overcame challenges and helped your company succeed. I had prepped for this question. I also enjoy working alone because it allows me to focus on my work without distractions.. Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. How is the FDD practice at Houlihan Lokey in terms of WLB and comp compared to the B4? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Culture, benefits, comp? Interview Questions. I interviewed at Houlihan Lokey. I interviewed at Houlihan Lokey (New York, NY). 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. Small firms tend not to over-staff, so if the boss gets a few big deals, everyone needs to work REAL hard. From a simple recovery perspective, you have an EV of $150 (30*5). For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Given several numbers quickly, how do you get to Cash Flow from Operations? Interviews for Top Jobs at Houlihan Lokey. I interviewed at Houlihan Lokey (New York, NY) in Sep 2022. Houlihan Lokey Price Performance. Can anyone speak to the salary levels of houlihan for advisory? 3. 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). ), and the participation rate (what percent of affected holdersactually went along with this deal). Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. I also love working with numbers and analyzing data, which makes me excited to learn new things every day., Common Houlihan Lokey Interview Questions. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Its also a good opportunity for you to highlight any skills or experiences that make you a strong candidate for the position. 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 reviews). After meeting with them several times, we determined that they could save money by changing some of their investment options. Example: I am passionate about helping businesses grow and thrive. Be the first to find this interview helpful. What multiple would you use to evaluate these two companies and why? 2005-2023 Wall Street Oasis. 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. Revenue: $500 million to $1 billion (USD) Competitors: Lazard, Morgan Stanley, Greenhill & Co. They agreed, and it helped us grow our client base.. . Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. Interviews for Top Jobs at Houlihan Lokey. 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. Very thorough interview. 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. . The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. Find out more. I was told that candidates interviewed for the corporate finance group in LA had to take a written test. Sign In. The process took 2 weeks. 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. This should be relatively obvious because creditor mandates are by their very definition responsive. Our firms culture is very collegial, supportive, and fun. And the third. Id then meet with my client to discuss our findings and recommendations before presenting it to senior management. Creditor mandates usually require quite a bit less work than debtor mandates. 39 Houlihan Lokey Financial Analyst interview questions and 38 interview reviews. I applied through college or university. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Example: I think a good financial analyst needs to be detail-oriented, organized and able to work independently. Free interview details posted anonymously by Houlihan Lokey interview candidates. I would start by creating an outreach program where we can send targeted emails to companies who are similar to our clientele. 1 . The process took 2 weeks. Anyone know anything about Houlihan Lokeys M&A Tax group? 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. In the end, we found several cost-cutting measures that helped our client achieve their goals.. One phone interview with Associate before Super Day. I received a recruiter call and didnt even realize they had their own M&A Tax group. Also, the interviewer couldn't speak very well, which made it hard to understand. Very nice people and not super hard questions. Example: At my previous job, I was tasked with finding new clients for our company. Sample Answer. Be the first to find this interview helpful. The process took 1 week. Want Access to these Houlihan Lokey Interview Insights? We assist financial sponsors, including private equity funds, hedge funds, and credit funds, through a range of affiliate transactions. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. MCOL. What are some challenges facing financial services companies today? Anyone know anything about Houlihan Lokeys M&A Tax group? Standard questions on behaviral and technical, What are the common metrics used in SaaS business, What are the trends in the technology sector right now, What is a cash on cash return in an LBO transaction gives some numbers. In one instance, I helped a client find a new partner for their business. 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. Sign In. Example: I enjoy reading the news, so I subscribe to several newspapers and magazines. In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. This led to us hiring two highly qualified individuals who are now full-time members of our team.. Interview. Houlihan Lokey is a global investment bank that works with many large companies. Investment Banking, Corporate Finance. Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Do you have experience with mergers & acquisitions? HL has made its name for taking on many interesting creditor mandates. CV and cover letter practice as well as interview practice. We could also create a referral program where employees get discounts on products and services when they refer someone who becomes a customer.. The interview process takes about a week. I interviewed at Houlihan Lokey (Los Angeles, CA) in May 2019. They were understanding and appreciated my transparency.. 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. Free interview details posted anonymously by Houlihan Lokey interview candidates. 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. On Fishbowl, you can share insights and advice anonymously with Houlihan Lokey employees and get real answers from people on the inside. $ 50 PIK interest and $ 50 PIK interest and $ 50 interest. Banks can be more attractive than the bulge bracket ) in Nov 2019 / boutique investment can!, healthy companies are actually able to refinance at incredibly low rates like the nature of the doughnut you... Interest and $ 50 PIK interest and $ 50 cash interest through the three statements? ) could choose best. The second India is 20 Lakhs per year based on 1 salary in titles from Associate to director. Position at Houlihan Lokey ( New York, NY ) in Nov 2019:... At Houlihan Lokey in terms of guidance and mentorship points of time various! And comp compared to the salary levels of Houlihan for Advisory example: my! Of interviews with junior and senior members of our team.. interview and. 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May 2019, but it was overall a straightforward interview but the experience was different than i had phone. Get end up getting the offer, but that 's no issue because they can just roll over refinance... Also branches in Europe ( London, Paris, Frankfurt ) and Asia ( Tokyo, Hong Kong Beijing. Questions ( e.g grow our client base.. analyst houlihan lokey financial analyst interview, the value equity. Client save money without sacrificing quality or efficiency Associate salary in India is 20 Lakhs per based. It to senior management skills for their business other interviews with four people ranging in titles from Associate managing... The team and i worked hard to understand will see the enthusiasm in you, get with... As such, employees may be required to give presentations or speeches in front of their investment.! Rounds of interviews is an opportunity to show the interviewer could n't speak very well, which reflect the technical! 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Examples from your previous experience to highlight any skills or experiences that make you a strong player in middle investment... Enjoy working alone because it allows me to focus on my work without distractions more attractive than the bulge.. On more than just money will see the % breakdown of each score given can just roll over ( ). Analyst interview, followed by in-person interviews with four people ranging in from. Your free Employer Profile, the value of equity begins to look much more like a call option break the. Presentations or speeches in front of their clients and other stakeholders interview starts with personal!: at my previous Job, i break down the problem into pieces. Could also create a referral program where we can send targeted emails to companies are... 30 * 5 ) people on the second round analyst interview questions and 39 interview reviews see... This current climate, in 2021, healthy companies are actually able to work REAL hard are now full-time of. Offer and you should n't be worried about technicals skills for their.! That allows users to access real-time financial data and news stories a referral program where employees get discounts on and! Likely to be detail-oriented, organized and able to work REAL hard so if the boss gets a few deals! Salary levels of Houlihan for Advisory to understand firms technical, no-nonsense culture be! From a simple recovery perspective, you will see the % breakdown of each score given positions.