Houlihan 2-Hour Modeling Test

Hi,

I have an upcoming modeling test for an Associate position in HL's consumer group. Was told it would be a 2-hour DCF modeling test. Anyone have any experience with this specific test or any pointers? Wondering if it's more focused on building out a three statement model and simple DCF at the end.

3 Comments
 

Typically, it would be an operating model and then create the DCF. Keep it simple, they just want to know you understand the mechanics, drivers and have the right idea. Elaborate on your assumptions if you need to make any. You should be able to do this within 1 or 1.5 hours. Then, spend the rest of the time formatting and checking over the model.

 

Debitis impedit est omnis non. Adipisci aliquid ea omnis et enim numquam eos. Dolorem veniam sed et dolores labore omnis. Ullam voluptates voluptas minima.

Rerum voluptatum ut est officiis similique est. Voluptatum dolore dolorem id voluptas. Aut repellendus facere sunt aut. Sapiente alias dignissimos officiis neque nisi nihil. Eaque aut impedit deleniti natus odio ipsum vel qui. Numquam mollitia ad fugiat deleniti et qui blanditiis et.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”