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. Zoom. Companies. Free interview details posted anonymously by Houlihan Lokey interview candidates. Be the first to find this interview helpful. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Residual income is important because it shows how much profit a company or investment will make over time.. Quantitative Strategist (Vice President). The process took 4 weeks. Very thorough interview. I developed an effective recruiting strategy that included reaching out to universities in the area to find candidates who were looking for internships or entry-level roles. They weren't that hard, but it was awkward. Prepare for the types of questions you are likely to be asked when interviewing for a position at Houlihan Lokey. Anyone have insight on Houlihan Lokey Dallas? Example: I am passionate about helping businesses grow and thrive. Please describe the interview / hiring process. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. or Want to Sign up with your social account? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Gave three companies and scenarios and was asked which one was best to pitch to a client. 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. 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. 2. 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. All Rights Reserved. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. The process took 1 week. Make sure review accounting related knowledge. Do you have experience with mergers & acquisitions? 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. Press the space key then arrow keys to make a selection. Houlihan Lokey. The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. Too Cozy? Once I have a clear understanding of the issue, I look at past experiences to see if there are any similar situations Ive encountered in the past. New York, NY. I had prepped for this question. 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. That fully covers the TLA with $50 remaining. Create Comparison. 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. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. Contribute to the database and get 1 month free* Full online access! What do you know about the firm's restructuring practice? Houlihan Lokey is looking for candidates who can solve problems and find solutions. The hiring process can take anywhere from a few weeks to a few months. Moving to the cash flow statement, we recognize that PIK is not an actual cash expense so we add back $100. The process took 2 months. At the analyst an associate level. Example: At my previous job, I was tasked with finding new clients for our company. Nova York, Estados Unidos. I also try to learn as much as I can about the audience so I can tailor my speech to them.. 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. . Can anyone provide insight into working for Alvarez & Marsal PEPI (Interim CFO or Managed Services) or Houlihan Lokey's AAS practice (e.g. Phone interview. Over the past 40 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Had a follow-on interview where I had to give a presentation on a recent M&A deal. So a distressed company - from the perspective of a restructuring investment banker - is not just one with subpar and deteriorating financials, it's one thathas limited and likely declining liquidity mixed with maturity walls coming due thatlikely won't be able tojust be rolled over. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) Quantitative Strategist (Vice President). Process lasted about a month or two. After my initial phone interview I had a technical interview with a VP. It was mostly standard stuff. With all that said, prior to filing we wouldn't expect the equity to trade at zero. or Want to Sign up with your social account? In terms of its restructuring practice, I would say Blackstone and Lazard are HLHZs closest competitors, at least in the US. This question is a great way to test your knowledge of financial terms and concepts. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business . In your answer, try to explain what makes a good financial analyst and how your experience aligns with those qualities. Had a networking call with an alum who referred me to the coverage group I was interested in. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Expect the question to be pretty rigorous if you answer the first question correct, expect you get a harder one on the second. I applied to their TMT group through university career center. Feel free to craft your answer based on this with a personal touch. How do you approach problem solving? Est Annual Revenue: $500m+ Website. 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. The process took 4 weeks. Houlihan Lokey is the No. The company may have a certain amount of restricted cash they need to keep around - per their debt docs - so could be running into a cash crunch soon. 2023 Summer Financial Analyst . The firm is based in LA with regional offices in New York, Chicago, San Francisco, Dallas, Atlanta, Minneapolis and Washington, D.C. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. This question is an opportunity to show the interviewer that you are motivated by more than just money. About a week later I was invited for the 2nd round in New York. An interview asked me to explain the business model of the tech company I thought I understood the best. Currently work in Big 4 as a director in TAS. 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. Anonymous Interview Candidate in New York, NY, I applied online. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). However, most positions will require at least one behavioral interview and one technical interview. We hired a consultant to help us find the right software for our needs. 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. This question helps them determine how you approach problem solving, as well as the steps you take to resolve issues. Can anyone speak to the salary levels of houlihan for advisory? In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. At the analyst an associate level. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. I interviewed at Houlihan Lokey. Sometimes they'll be asked in conjunction with traditional cash interest questions (e.g. Houlihan Lokey is a global investment bank that works with many large companies. What's a deal we worked on that you found interesting? HL has made its name for taking on many interesting creditor mandates. Shared on August 30, 2018 - Senior Administrative Assistant - Chicago, IL. This question is an opportunity to show your interpersonal skills and ability to work with clients. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. 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. They want to know if you can effectively communicate with clients and other employees, so its important that you answer honestly. Also, the interviewer couldn't speak very well, which made it hard to understand. 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). The process took 2 weeks. This question can help interviewers learn more about your interests and how you spend your free time. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. If you can answer the last question, it means that you can build a full financial model right away. The process took 6 weeks. 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. 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 ask me, I would think the safest answer should be something around their renowned restructuring practice. Can you describe a typical day as an associate? On to the actual question, part of what makes restructuring such an interesting field is just how many different kinds of deals that are possible. Interview Questions. It's not as hard as expected. 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. I interviewed at Houlihan Lokey (New York, NY) in Nov 2019. Interviews for Top Jobs at Houlihan Lokey. I applied through a recruiter. Describe a situation where you overcame a challenging obstacle at work. Then had a superday with 5 separate interviews ranging from Associate to MD, An interview asked me to explain the business model of the tech company I thought I understood the best. 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. Example: Residual income is the amount of money that an asset generates after its initial use. How would you determine an equity value of firm with debt exceeding the enterprise value? 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. Before every speech, I practice my delivery multiple times until I am confident in my ability to deliver the information clearly. I was also told their business and team structures in China. An investment bank helps clients raise capital through mergers and acquisitions, initial public offerings and private placements.. Your social account a situation where you overcame a challenging obstacle at work most positions will require least. At my previous job, I practice my delivery multiple times until I am passionate about helping businesses grow thrive! 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