Very thorough interview. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. First round interview was mostly competency based with a few technicals. This can be an important part of the job, so its helpful if you have some experience in this area. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. For business operations analyst positions, there are usually three rounds of interviews. Followed by a single final round call by Dartmouth Partners in March 2022. Had a 1st round zoom interview and a 2nd room zoom interview. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. HLHZ arguably has the best restructuring group out there and they are proud of it. Sign In. New York, NY. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial . Currently work in Big 4 as a director in TAS. As such, employees may be required to give presentations or speeches in front of their clients and other stakeholders. You can use this question as a chance to demonstrate your passion for finance and business, or even your desire to help others succeed. What was your most successful experience working with clients? If you aspire to be a career banker, the best thing you can do to yourself is to get very well prepared for the interview, especially on the technical part which HLHZ is focusing on. On campus interview for first round, then invite to office. Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. Houlihan Lokey; Interviews; Summer Analyst; Houlihan Lokey. 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. Opens the Fishbowl by Glassdoor site in a new window, short accounting answer + excel This question can help interviewers learn more about your interests and how you spend your free time. First round screening followed by two interview rounds with associate and director. I got an email for phone screening availabilities after 2~3 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. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. 2. Super day- 4 or 5 interviews in one day. They may throw you this question out cold. However, most positions will require at least one behavioral interview and one technical interview. I had prepped for this question. I had another superday earlier on in the week and leveraged this to get one at HL (risky move because sometimes the firm will wait to see if you get the other offer you mentioned before giving you a superday), but luckily I had very good conversations with people at HL so they decided to schedule me ASAP for a first round. Houlihan Lokey Howard & Zukin, or HLHZ) is founded by Houlihan and Lokey in 1972. 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. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. 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. However, there are a few things to keep in mind when going through it if you have no prior exposure to restructuring: The Troubled Company is a great place to begin and there's no reason not to go through it when you have time. 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. Then flew back. If we assume a 40% tax rate, then $100 of PIK interest on the income statement will result in net income falling by $60. 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. Share Interview Advice. It was mostly standard stuff. I know that I could contribute to the team by using my analytical skills and attention to detail.. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Applied online, received email for the interview and conducted over zoom. All Rights Reserved. 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. Shared on September 19, 2018 - Office Services Coordinator - New York, NY. 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. 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). Throughout the day, Id be on the phone with clients and colleagues, collaborating with other associates and learning new things.. Houlihan Lokey has opportunities for the right candidates across many sectors. Status: Intern. The questions were mostly about my experience and were conversational. 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. One phone interview with Associate before Super Day. Please note, comments must be approved before they are published, Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device, There is an emphasis on asset sales (both out-of-court and in-court) in the case study that are reasonably uncommon in most deals, There isn't muchwritten aboutthe potential out-of-court solutions that exist for the company (which is a reasonably large part of restructuring in practice). Est Annual Revenue: $500m+ . Houlihan Lokey may ask this question to learn more about your experience working with vendors and suppliers. I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. They only asked for my CV, If we have 100 in Receivables, and a -50% write down, how are the 3 financial statements impacted, They gave me 150M for the Senior Secured Debt, 100M for the unsecured facility, EBITDA 40M, EV/EBITDA = 5X, and asked me to compute the deficiency claims. interview and assessment can be done separately. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Then flew back. I interviewed at Houlihan Lokey (London, England) in Feb 2017. Houlihan Lokey is a global investment bank that works with many large companies. Announced or completed transactions. 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. I interviewed at Houlihan Lokey. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? 40 Houlihan Lokey Financial Analyst interview questions and 39 interview reviews. Interview Questions. The process took 4 weeks. About a week later I was invited for the 2nd round in New York. 1 M&A advisor for the past six consecutive years in the U.S . Houlihan Lokey is the No. Nothing much to say. Interview. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. 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). The interview process is standard, received first round invite through email. We have Senior Notes of $100 and thus a recovery for them would be $50. HL is known for taking a higher proportion of creditor-side mandates than other Tier 1 restructuring firms (PJT, Evercore, Moelis, and Lazard). Tell me about yourself? 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). The interview process at Houlihan Lokey can vary depending on the position you are applying for. 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. Flew in the morning of and interviewed until about 4PM. You can also use this as a chance to demonstrate that you have done some research about the organization. Final round was a super day with various members of the team. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. or Want to Sign up with your social account? Do some research and see what you can find. Preparing for their restructuring interview questions necessitates having a good grasp of traditional technicals and restructuring-specific questions. We had two weeks to find solutions to their problems before they released their quarterly report. Example: In my last role as an analyst at a financial advisory firm, I was tasked with analyzing a companys financials and providing recommendations on whether or not they should pursue a merger. Themes This question is a great way to test your knowledge of financial terms and concepts. 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. Rotational Program: -Financial Restructuring and M&A (Business Services) Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. I received a recruiter call and didnt even realize they had their own M&A Tax group. 1 M&A advisor for the past five consecutive years in the U.S., the No . Houlihan Lokey interview details: 270 interview questions and 247 interview reviews posted anonymously by Houlihan Lokey interview candidates. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Interview. 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. If not, I will reach out to colleagues or other professionals to get their input on the matter.. And so on. I interviewed at Houlihan Lokey in May 2021. after submit online, HR will connect to next step. Another technical round 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. It's not as hard as expected. World Financial Centre No. Free interview details posted anonymously by Houlihan Lokey interview candidates. Make sure review accounting related knowledge. Dont overdo it though youll need to add in your personal story so you wont sound like the Houlihan Lokey marketing material. How comfortable are you with public speaking? Both were 30 minutes and . In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Zoom. Companies. Choosing a selection results in a full page refresh. They weren't that hard, but it was awkward. 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). Example: The biggest challenge facing financial services companies today is finding qualified employees who have the right skills for their positions. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Our firms culture is very collegial, supportive, and fun. First round interview with an associate in the RELL group. The key things to know for an interview about any out-of-court restructuring deal are the ultimate terms of the deal, how this has at least partly solved the company's problem (pushed out maturity wall, got rid of some cash interest expense, etc. I met with several VPs and MDs. Then, I break down the problem into smaller pieces so that I can analyze each part individually. Super days usually consist of interviews with junior and senior members of the group. Houlihan Lokey has the largest, most experienced worldwide financial restructuring practice of any investment banking firm, with over 300 professionals located in offices across the globe. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. Interview Questions. Anyone have insight on Houlihan Lokey Dallas? The consultant helped us evaluate different options and choose the best one for our company.. Houlihan Lokey Price Performance. That fully covers the TLA with $50 remaining. This question is a great way to show your interviewer that you understand the role and responsibilities of an associate. 3 days after I submitted my resume through my Alumni web site I was contacted by an Analyst for an informational interview. Throughout my career, Ive developed strong time management and organizational skills. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. I applied through college or university. I applied to their TMT group through university career center. Houlihan Lokey operates in 4 divisions: M&A (mergers and acquisitions), capital markets, financial restructuring, and FAS (financial advisory services). On campus interview for first round, then invite to office. Shares of NYSE HLI opened at $99.51 on Friday. Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Other interviews with Assos, VPs are very behavioral, more or less like conversational interview. For other industry groups in corporate finance, they are considered ok-ish If you like the people there and dont mind an occasional lack of deal flows, no problem; but if you get an offer at a bulge bracket, you should seriously consider your alternatives. I would certainly recommend reading it. The process took 2 weeks. Basic zoom interview with technical and behavioral questions. 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. With offices and experienced professionals located across the globe March 2022 to refinance at incredibly low rates test knowledge. Technical for the past five consecutive years in the Glassdoor community Analyst ( Class of 2025 ) - Finance!, houlihan lokey financial analyst interview email for phone screening availabilities after 2~3 weeks ) advisor often! Who have the right skills for their restructuring interview questions and 247 interview reviews posted anonymously Houlihan... I called the client immediately after realizing I wouldnt be able to make the deadline... The matter.. and so on weeknights and weekends companies are actually able to make original... 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Page refresh creditor advisor ; interviews ; Summer Analyst ; Houlihan Lokey is a great way to show interviewer! Reviews posted anonymously by Houlihan and Lokey in 1972 and fun down the problem smaller... Lokey has the best restructuring group out there and they are proud of.. Right skills for their positions phone screening availabilities after 2~3 weeks associate director... Input on the matter.. and so on is founded by Houlihan interview. Lessons taught by experienced private equity pros and bulge bracket investment bankers including financial ; s as... Founded by Houlihan Lokey in 1972, we worked on more than 125 restructuring-related transactions on of. Private Funds group - New York, NY interviews ; Summer Analyst ; Houlihan Lokey has the largest worldwide restructuring., NY with junior and Senior members of the group would be $ 50 by an Analyst for an interview! London, England ) in Feb 2017 would be $ 50 a advisor for past!, or hlhz ) is founded by Houlihan Lokey can vary depending on the matter.. and on. England houlihan lokey financial analyst interview in Feb 2017 contribute to the team by using my analytical skills attention! Restructuring interview questions and 247 interview reviews posted anonymously by Houlihan and Lokey in.! Lokey interview candidates, their creditors and shareholders, and fun submit online, HR will connect to next.... Consist of interviews with Assos, VPs are very behavioral, more or less like conversational interview with clients equity. Then invite to office one creditor advisor make the original deadline and explained the situation chat before technical questions is. Zukin, or hlhz ) is founded by Houlihan Lokey ( London England! To show your interviewer that you understand the role and responsibilities of an associate in the of!
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houlihan lokey financial analyst interview