Some may not like the idea of spending time with your colleagues during weekdays, weeknights AND weekends. Your answer to this question should show that you are looking for guidance and mentorship from your manager, but also how you can provide it to others in the workplace. Example: A bank offers deposit accounts, loans and credit cards, while an insurance company provides life, health and property insurance. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Throughout my career, Ive developed strong time management and organizational skills. What is the difference between a bank, an insurance company and an investment bank? Tell me about a time when you had to work under pressure. I applied to their TMT group through university career center. . 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. Companies. Please describe the interview / hiring process. With all that said, prior to filing we wouldn't expect the equity to trade at zero. Here are 6 reasons why middle market / boutique investment banks can be more attractive than the bulge bracket. 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. Debt amortization ( didn't remember exact question)? Your companys mission statement of helping clients achieve their goals really resonates with me, and I think I would be a great fit here. We hired a consultant to help us find the right software for our needs. Every interviewee should have known that HLHZ is big in its niche, so youve got to have a more concrete answer to nail the offer. I . For example, if you buy a rental property for $100,000 and rent it out for $1,000 per month, the residual income would be $900. PIK interest questions are some of the most common to get in restructuring interviews. Nothing like M&I guide. The process took 4 weeks. The consultant helped us evaluate different options and choose the best one for our company.. or Want to Sign up with your social account? Student Intern Amplify Trading Jul 2021 - Jul . They may ask this question to see if you understand what it takes to be a successful financial analyst. This question allows the interviewer to assess your experience with M&A, which can be an important part of working for this company. I am always willing to receive constructive criticism and use it as an opportunity to learn and improve. Industry and behavioral focused. However, with equity there is a defined downside (zero) and an unlimited upside. Nothing out of the ordinary. Financial Analyst (39) Analyst (33) Investment Banking Analyst (26) Summer Analyst (21) Investment Banking Summer Analyst (17) behind why downgrades could be happening and debt is trading down. However, I understand that some people prefer emailing over calling, so Im happy to do either one. In your opinion, what makes a good financial analyst? I met with several VPs and MDs. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. If firm A and B has same revenue, same location, same product, why would firm A pay $5M tax and B pay $0? Shares of NYSE HLI opened at $99.51 on Friday. What's a deal we worked on that you found interesting? Houlihan Lokey Interview Process. We have Senior Notes of $100 and thus a recovery for them would be $50. The team and I worked hard to find solutions to help our client save money without sacrificing quality or efficiency. Tell me about a time when you didnt meet a deadline for a project. Hiring managers want to know that you have the skills and knowledge necessary to succeed in their company. The process took 4 weeks. World Financial Centre No. This question is a great way to test your knowledge of financial terms and concepts. 1 M&A advisor for the past five consecutive years in the U.S., the No . Can you describe a typical day as an associate? Example: I think its important to find ways to reach new clients while maintaining relationships with existing ones. However, most positions will require at least one behavioral interview and one technical interview. In 2020, we worked on more than 175 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 123 salaries for 52 jobs at Houlihan Lokey in Ridgewell, England. Even though the interview was difficult, the interviewer was pretty nice. Had a 1st round zoom interview and a 2nd room zoom interview. Technical questions will focus on discounted cash flow analysis, comparable company analysis, and precedent transactions. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. Houlihan and Lokey left the firm many years ago and the firm is now headed by co-CEOs Scott Beiser and Jeffrey Werbalowsky. Common Multiples used. Quantitative Strategist (Vice President). 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. 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. Interview. It's not as hard as expected. 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. Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. In-person Superday. Free interview details posted anonymously by Houlihan Lokey interview candidates. Based on 1324 salaries posted anonymously by Houlihan Lokey Financial Analyst employees in Shoeburyness. There are 3 interview rounds for an Analyst positions, 1st screening with some basic questions about your experience and knowledge of the industry, 2nd technical (simple finance related questions regarding LBO/valuation, SaaS metrics) and motivation/behaviour, 3rd is one hour interview with two MDs. They may throw you this question out cold. CFA Exam Pass Rates: What the Latest Statistics Reveals, middle market / boutique investment banks can be more attractive, 24 classic (and tough) banking interview questions, Disclaimer, Copyright, Privacy, Term & Conditions, Comment, Product Review and Disclosure Policies, These guys arent dumb Who would write something negative if they are still employed there. Interview. These are straight forward enough from a recovery perspective, but there is nuance to these questions (that most interviewees simply don't recognize). Get 27 financial modeling templates in swipe file. In 2022, we worked on more than 125 restructuring-related transactions on behalf of companies, their creditors and shareholders, and other constituents. 1 . The process took 2 months. For many who are just getting interested in restructuring, HL's case study - The Troubled Company - is the first thing that they read. Wednesday, April 20, 2022 . If you dont enjoy talking on the phone, explain why youre willing to do it anyway. The first round is an introductory interview, the second round is with a more senior representative, and the third round is with the boss. Rotational Program: -Financial Restructuring and M&A (Business Services) So as equity trades closer to zero, the value of equity begins to look much more like a call option. That fully covers the TLA with $50 remaining. Applied online, received email for the interview and conducted over zoom. This is because as equity prices tend toward zero, much of the value of equity is in its underlying optionality. Houlihan Lokey. 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. Listen Carefully! I applied through a recruiter. The number you see in the middle of the doughnut pie chart is the simple average of these scores. The questions were mostly about my experience and were conversational. In this current climate, in 2021, healthy companies are actually able to refinance at incredibly low rates. The business's 50 day moving average is $94.02 and its two-hundred day moving average is $87.53. Whenever you go into any interview, you should have a few recent deals of theirs to talk about. Hiring managers want to know that you have a plan for growing the company and increasing revenue. In other words, be well prepared! Interview process was around five weeks. 2005-2023 Wall Street Oasis. Zoom. For business operations analyst positions, there are usually three rounds of interviews. Example: Residual income is the amount of money that an asset generates after its initial use. 1. Are you familiar with Bloomberg Terminal? Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. Interviewers ask this question to make sure you are comfortable speaking in public. 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. 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. Very technical for the second round analyst interview, including lots of debt services problem and accounting questions. Type your email address. 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. 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