Houlihan Lokey 2025

Houlihan Lokey's Restructuring (RX) group is widely regarded as one of the best in the industry, often considered Tier 1. The RX group is known for its intense culture, with some describing it as a "brutal sweatshop" in certain offices, such as LA. However, the group offers excellent deal flow and strong exit opportunities, particularly into distressed PE, hedge funds, and even mega-funds (MFs). Analysts in RX gain significant exposure to complex transactions, making it a highly respected experience on the street.

For Industrials, the group is part of the Corporate Finance division, which is generally considered strong but more middle-market (MM) focused compared to RX. The Industrials group has solid deal flow and is a good platform for private equity exits, particularly into MM PE firms. However, the culture can be demanding, with some teams described as "sweaty."

Compensation across the firm is competitive, with the following averages for 2023: - 1st Year Analyst: $168K - 2nd Year Analyst: $169K - 3rd+ Year Analyst: $187K - Associates: $260K - Vice Presidents: $392K - Directors/MDs: $592K

While specific details about the Minneapolis office are not provided, the firm's culture is highly group-dependent. Generally, Houlihan Lokey is known for fostering a respectful work environment, with opportunities to work on meaningful deals and learn extensively. However, the intensity of the workload varies by group and location.

If you're considering RX or Industrials in Minneapolis, expect a strong learning experience with solid exit opportunities, but be prepared for long hours and a demanding environment.

Sources: Houlihan Lokey reputation (2020), Insight on Houlihan Lokey's Houston Group?, Houlihan Lokey Healthcare Group Insights, State of the Houston IB Scene - 2022, Guide to LA IB Scene (2023 Edition)