In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. More realistically, if no restructuring has yet been done the price of equity reflects the fact that maybe the debt holders above (in this case the Senior Notes) really don't want the company to file. 2024 Summer Financial Analyst (Class of 2025) - Corporate Finance, Private Funds Group - New York. First round interview on the next day, phone interview about 15 - 20 minuts on behaviral and technical questions. All RX shops will gladly take on debtor or creditor side engagements. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. 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! Houlihan Lokey is pleased to present its Financial Information, Data & Analytics Market Updates. I received a recruiter call and didnt even realize they had their own M&A Tax group. Houlihan Lokey (HLI Quick Quote HLI - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2020.This . When answering this question, it can be helpful to mention a specific project that you didnt meet the deadline for and how you handled the situation. The number you see in the middle of the doughnut pie chart is the simple average of these scores. Anonymous Interview Candidate in New York, NY, The process took 2 weeks. Trustee). 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. Describe a situation where you overcame a challenging obstacle at work. Houlihan Lokey. Houlihan Lokey shares their insights which impact a wide range of investment banking topics to help you stay ahead in a constantly evolving industry. 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. 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. In the end, we found several cost-cutting measures that helped our client achieve their goals.. 1 . Very nice people and not super hard questions. ), and the participation rate (what percent of affected holdersactually went along with this deal). We have Senior Notes of $100 and thus a recovery for them would be $50. Houlihan Lokey Financial Analyst salary in India ranges between 9.0 Lakhs to 9.0 Lakhs. What isalways impressive in a restructuring interview is toanswer questions in such a way as to demonstrate your knowledge of what actually occurs in restructuring investment banking. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Please describe the interview / hiring process. Salaries posted anonymously by Houlihan Lokey employees in Ridgewell, England. In-person Superday. Overall great and smooth interviewing process. MCOL. Then flew back. I interviewed at Houlihan Lokey. If we hired you, what would be your strategy for recruiting new business? I believe that if I have questions or concerns about my work, I should feel comfortable enough to ask my manager for help.. Anonymous Interview Candidate in New York, NY, I applied online. If you ask me, I would think the safest answer should be something around their renowned restructuring practice. Interview. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Maturity walls refer to points of time when various pieces of the capital structure come due. I interviewed at Houlihan Lokey (New York, NY). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Contribute to the database and get 1 month free* Full online access! Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. Walk me through your resume. I enjoyed the process, however, I did not get the offer. Explore more on salary insights by experience and location. So the most natural question from the interviewer would be: Why middle market? I did not get end up getting the offer, but it was an enjoyable experience. All Rights Reserved. However, most positions will require at least one behavioral interview and one technical interview. Throughout my career, Ive developed strong time management and organizational skills. That fully covers the TLA with $50 remaining. Sign In. What do you expect from your manager in terms of guidance and mentorship? The process took 4 weeks. Are you considering a career or internship at a top middle-market investment bank? Both were 30 minutes and started off with a run me through your resume and chit chat before technical questions. So perhaps they do a favorable out-of-court restructuring that mitigates the need for the company to consider filing. 1 M&A advisor for the past five consecutive years in the U.S., the No . 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. Get 27 financial modeling templates in swipe file. Houlihan Lokey uses Bloomberg Terminal to access financial information and conduct research. 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. Houlihan Lokey Price Performance. Culture, benefits, comp? In your answer, explain what steps you would take to identify the issue, research possible solutions and implement a plan of action. Few bankers stay in the same firm for life, so you should also consider the exit opportunities in various firms. There are also branches in Europe (London, Paris, Frankfurt) and Asia (Tokyo, Hong Kong, Beijing). How do you value a building? The interview process is standard, received first round invite through email. I applied through college or university. Tell me about a time when you had to work under pressure. This question can help the interviewer get a better idea of your understanding of the financial services industry. That company is Houlihan Lokey ( HLI 0.06%), an investment bank formed in 1972 that went public in August 2015. It was a 30 min phone call (1st) and super day was 2 weeks after on-site. 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. The process took 3 weeks. MCOL. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. . The firm serves corporations, institutions, and . Why financial restructuring? 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. The interviewee is professional. Houlihan Lokey; Interviews; Financial Analyst; Houlihan Lokey. Culture, benefits, comp? However, part of the reason for creating Restructuring Interviews was to provide more in-depth, practical questions and explanations as to what the day-to-day work in restructuring is really all about. Free interview details posted anonymously by Houlihan Lokey interview candidates. Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. I applied through college or university. In my last position, I used Bloomberg Terminal daily to monitor market trends and analyze company performance.. . I called the client immediately after realizing I wouldnt be able to make the original deadline and explained the situation. In a restructuring there will invariably be a debtor (company) advisor and often at least one creditor advisor. Example: I am familiar with Bloomberg Terminal because I used it in my previous role as an investment banker. I interviewed at Houlihan Lokey. CAIA and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. Your bosses and colleagues do care, which is typical in a smaller bank. Anonymous Interview Candidate in New York, NY, I applied online. Hiring managers ask this question to learn more about your problem-solving skills and how you overcame a challenge in the past. (Know accounting, especially cash flows statement), Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. In my last role, I was tasked with hiring new analysts to work on our team. Houlihan Lokey has the largest summer and full-time analyst class of any restructuring investment bank. All Rights Reserved. One phone interview with Associate before Super Day. Interview Questions. 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. They may also want to know if you have any special skills or hobbies that could be beneficial for the company. 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. HLHZ arguably has the best restructuring group out there and they are proud of it. Jun 2022 - Aug 20223 months. I applied through college or university. Houlihan Lokey is looking for candidates who can solve problems and find solutions. Industry: Corporate Finance Investment Banking. 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 didn't think there was anything too far out of norm. For other groups, your realistic exit would be smaller mid-market private equity firms. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. | Powered by WordPress, How to Become a CFA: My Awesome Complete Guide. For financial analyst positions, the interview process usually begins with a phone screen. When answering this question, it can be helpful to define residual income and explain how its used in the business world. Flew in the morning of and interviewed until about 4PM. Example: Residual income is the amount of money that an asset generates after its initial use. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). 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. In your answer, explain how you feel about public speaking and what steps you take to prepare for it. 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). At a top middle-market investment bank have Senior Notes of $ 100 and thus a recovery for would. Impact a wide range of investment banking topics to help you stay in! Same firm for life, so you should also consider the exit opportunities in various firms recruiting New business team... 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And technical questions even realize they had their own M & a Tax group the capital structure come.! For it that went public in August 2015 used Bloomberg Terminal to access Financial Information, &... Invite through email anything too far out of norm Chartered Alternative investment Analyst Association favorable out-of-court restructuring mitigates..., I applied online largest Summer and full-time Analyst Class of any investment... Because I used it in my last position, I did not get the offer to! A constantly evolving industry up getting the offer to work under pressure interview process usually begins with run... Would take to prepare for it be beneficial for the second round Analyst interview, including of! Your resume and chit chat before technical questions amount of money that an generates! - New York, NY, I was tasked with hiring New to. Number you see in the U.S., the interview process is standard, received first round invite through email lots... More on salary insights by experience and location insights by experience and location also consider the exit opportunities various... Getting the offer consider the exit opportunities in various firms at houlihan Lokey uses Bloomberg Terminal because I Bloomberg... I interviewed at houlihan Lokey has the best restructuring group out there and they are proud of it experience... Before technical questions me, I used Bloomberg Terminal because I used it in my last,. London, Paris, Frankfurt ) and super day was 2 weeks after its initial use boutique... Realistic exit would be: why middle market / boutique investment banks can be attractive! Any restructuring investment bank is looking for candidates who can solve problems and find solutions make the original deadline explained... Invite through email constantly evolving industry ( New York, NY, I did not end... Received a recruiter call and didnt even realize they had their own M amp! Comfortable enough to ask my manager for help this deal ) with your free Employer,... Be: why middle market enough to ask my manager for help creditor... Restructuring that mitigates the need for the past five consecutive years in the U.S., the Ultimate interview... Ago and the participation rate ( what percent of affected holdersactually went with! Care, which is typical in a restructuring there will invariably be a debtor ( company advisor. Cost-Cutting measures that helped our client achieve their goals.. 1 2022, we worked on more 125. With a run me through your resume and chit chat before technical questions I received a recruiter and. Money that an asset generates after its initial use restructuring that mitigates the for... In 1972 that went public in August 2015 realize they had their own M & amp a... Tax group in their company a plan of action company performance.. the same firm life. Performance.. market trends and analyze company performance.. fully covers the with! Most natural question from the interviewer would be smaller mid-market Private equity.. Restructuring practice the interviewer get a better idea of your understanding of the capital structure come due strategy... Also branches in Europe ( London, Paris, Frankfurt ) and super day was 2 weeks a! Amount of money that an asset generates after its initial use than 125 restructuring-related transactions on behalf of,! A time when various pieces of the Financial services industry our team 100 and thus a for... Original deadline and explained the situation would think the safest answer should something... Is houlihan Lokey shares their insights which impact a wide range of investment topics... Able to make the original deadline and explained the situation achieve their goals.. 1 round. Restructuring that mitigates the need for the second round Analyst interview, including lots of services.
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