Houlihan Lokey Interview Questions

674 total interview insight submissions
Interview Experience (88%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

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). 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.

3.6
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (98%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. 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.

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). 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.

3.2
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (98%)

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 number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

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). 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.

71%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Houlihan Lokey

Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Intern
Year 2026
Job Title Intern
Group/Division Investment Banking
Location New York
Experience
Positive
Difficulty
Average
Intern
Year 2026
Job Title Intern
Group/Division Mergers and Acquisitions
Location Los Angeles
Experience
Positive
Difficulty
Average
3rd+ Year Analyst
Year 2026
Job Title 3rd+ Year Analyst
Group/Division Investment Banking
Location New York
Experience
Negative
Difficulty
Difficult
Intern
Year 2026
Job Title Intern
Group/Division Restructuring
Location New York
Experience
Positive
Difficulty
Average
Student / Prospective Monkey
Year 2025
Job Title Student / Prospective Monkey
Group/Division N/A
Location New York
Experience
Positive
Difficulty
Average
Intern
Year 2025
Job Title Intern
Group/Division Debt Capital Markets
Location Los Angeles
Experience
Neutral
Difficulty
Average
2nd Year Analyst
Year 2025
Job Title 2nd Year Analyst
Group/Division Restructuring
Location New York
Experience
Positive
Difficulty
Difficult
Intern
Year 2026
Job Title Intern
Group/Division Private Funds Advisory
Location Chicago
Experience
Neutral
Difficulty
Average
Intern
Year 2026
Job Title Intern
Group/Division Investment Banking
Location New York
Experience
Neutral
Difficulty
Average
Intern
Year 2025
Job Title Intern
Group/Division Corporate Banking
Location Baltimore
Experience
Neutral
Difficulty
Easy

Interview Questions & Answers - Houlihan Lokey Examples

IB Summer Analyst Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: January 2026
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
2-3 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Interview
Assessment skills test like personality and IQ
R1: 1-on-1 with associate who asked me behavioral and very basic techs like P&L, EV/Equity Value, valuation, and some accounting concepts like NWC
Superday: 3 back to back 30 min interviews (2 behavioral and 1 fully tech). Tech interview was def a harder such as DCF breakdown, industry knowledge, and mini case study that included adjusted EBITDA, multiples, etc.
Interview Questions
Given a B2B SaaS company has XYZ EBITDA and XYZ P/E Ratio with XYZ management, what do you think you can do to improve their operations and financials

Summer Analyst Interview - Mergers and Acquisitions

Anonymous interview candidate in Los Angeles
Interviewed: June 2026
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
My first round was with a VP and was primarily behavioral. Then, I had a second round with another VP, which was more technical based. Then, I had a virtual superday, which consisted of 2 hours of interviewing
Interview Questions
Who is typically willing to pay more for an acquisition - a sponsor or a strategic?

Senior Analyst Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: March 2026
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Group Interview
Interview
Applied online. VP reached out to schedule a call the next day. First round was a group zoom with VP and analyst.
Interview Questions
What does a complex revenue model look like, and how would you build one? What is the most complex revenue model you worked on? How has your role changed since starting as an analyst. Walk me through your interests. These were all followed with many follow ups. Why this group, and what do you add that someone else can't?

Restructuring Summer Intersnhip Interview - Restructuring

Anonymous interview candidate in New York
Interviewed: January 2026
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
2-3 months
Application
Phone Interview
Group Interview
Skills Test
Interview
Phone interview and then 2 rounds of technicals before Superday. Questions were not as difficult compared to other RX interviews.
Interview Questions
$150 Enterprise Value, $150 senior secured and $100 unsecured, However $50 of the senior secured claim is deficient. What is the recovery of each claim.

Financial Analyst Intern Interview

Anonymous interview candidate in New York
Interviewed: February 2025
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Interview
Applied via their website, then was randomly sent a 1st round request a couple weeks later. After the 1st round was moved past it pretty quickly (in a couple of days) for the superday.
Interview Questions
Questions about the company

Summer Analyst - GCM Interview - Debt Capital Markets

Anonymous interview candidate in Los Angeles
Interviewed: March 2025
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Skills Test
Interview
Went through an online test like pymetrics, then did 1-on-1 with a VP from the LA office, quite engaging and mostly behaviorals, why HL why capital markets, walk through resume etc.

Superday also on Zoom, 30 minutes back to back with associate, VP, and MD. Technicals for first 2 rounds (e.g. DCF walkthrough, tax and depreciation effects on the three statements), VP also asked behaviorals, MD asked about relocation, and also examples/stories of creative problem solving, teamwork, conflict resolution, financial modelling etc.
Interview Questions
Are most of your family in the US (as an international student)
WACC changes and how it affects LBO

Experienced Analyst Interview - Restructuring

Anonymous interview candidate in New York
Interviewed: June 2025
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Skills Test
Interview
1) Phone screening with head of talent
2) 1 on 1 w/ Associate; basic technical questions
3) Four B2B in-person interviews; 3 behavorial / deal experience, 1 intermediate technicals
4) Debt Exchange Model Exam
5) In-person final round; behavioral / deal experience

Used Restructuring Interview Guides to prepare
Interview Questions
1) Series of questions on structural subordination scenarios
2) Investor mindset questions on debt
3) Behavioral questions about long term goals / vision

PDA Interview - Private Funds Advisory

Anonymous interview candidate in Chicago
Interviewed: February 2026
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Spoke with two analysts, both first-round interviews. Mostly technical, with standard accounting and valuation ratio questions.
Interview Questions
Valuation ratio questions like if EV/EBITDA is 10x, what is ___

Investment Banking Summer Analyst Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: January 2026
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
1 on 1 Interview
Interview
The first interview was a one-on-one zoom call with an associate. Asked very basic accounting questions and a few behaviorals. Superday was 3 back-to-back interviews over zoom. Two behavioral, one technical. Technical interview was relatively challenging.
Interview Questions
Question about valuing a vending machine (use a DCF and explain how to get unlevered free cash flows)

Summer Analyst Interview - Corporate Banking

Anonymous interview candidate in Baltimore
Interviewed: January 2025
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Interview was super casual, was one round behavorial mixed with some easy technical. We mostly just talked about Oregon football and travel the whole time
Interview Questions
None
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