HL Lateral Analyst

Based on the most helpful WSO content, the lateral hiring process for analysts at firms like HL (Houlihan Lokey) typically includes the following steps:

1. Networking and Referrals: Many lateral opportunities are accessed through networking rather than online postings. Building connections within the firm can be crucial to getting into the process.

2. Initial Rounds: These often include a behavioral phone screen and a technical screen. The technical screen may involve questions on financial concepts, valuation methods, and other relevant topics.

3. Modeling Test: A modeling test is a key component of the process. For lateral hires, this could include tasks like building an LBO model, DCF, or other financial models. The difficulty and structure of the test can vary, but it is often time-constrained (e.g., 1-3 hours).

4. Superday: This typically involves multiple interviews with team members, including associates, VPs, and potentially senior bankers. Expect a mix of technical, behavioral, and fit-based questions during this stage.

5. Firm-Specific Variations: Processes can differ slightly depending on the group or geography. For example, some groups may emphasize technical skills more heavily, while others may focus on cultural fit.

Preparation for the modeling test and technical interviews is critical. Leveraging resources like the WSO Elite Modeling Package or the IB Interview Course can help you master the necessary skills.

Sources: Guide to Lateraling in 2021, Guide to Lateraling in 2021, HL Recent Layoff, HL is Increasing the Salaries for Analysts