Hey guys!
I wanted to start a thread for HL SA 2026 as I haven't seen one out yet. Apps for RX (which is what I'm focusing on) opened back in early Dec but I've heard they only start reviewing them in January. Anyone heard anything about first rounds?
Appreciate any insights, and good luck everyone!
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Are a lot of NYC groups not posting applications this year? Where are Consumer, Industrials, HC?
HL NYC RX superdays are out
Is that confirmed? I thought for diversity only?
Do u know if it’s in waves? Last year they were still having super days in mid to late February. I’d imagine timeline’s moved up but not by THAT much in one year
Did you guys do any chats? I reached out but they said I should direct all conversation to HR or something
When did you reach out for chats? That's odd.
mid nov
Same here
Same
Same here. Everyone I emailed either no response or directed me to HR. Never had a chance to coffee chat
Did chats mid-late Oct. Was never forwarded to HR
How long did it take people to hear back after the introductory call for Rx NY?
May I ask when did you apply and when did you receive the introductory call?
Early dec
Haven't heard back from intro call yet, did it in mid-Dec
Another batch just came out. What can one expect from these intro calls?
Did mine in Dec, it was just a normal networking call
May I ask how do we get these calls?
Did anyone have a first round yet? I have one this week for Capital markets nyc anyone have the questions?!?!
Gave int last week, hear back?
Has anyone had an Rx first round? What was it like, what did they ask?
anyone has updates for IB
Has anyone gotten a first round for Chicago Office? Looking at financial services group
got 1R for rx few days ago
Did my chicago rx interview. Have you heard back?
Have RX 2nd rounds come out yet?
Yes I believe they have
got "pre superday" for nyc
Did anyone hear back from mpls office?
How'd it go? Recruiting for RX MN rn
Did anyone heard back from Minneapolis RX FR?
superday is end of next week
How'd it go? Recruiting for RX MN rn
Anyone hear anything about NY generalist IBD?
Not yet, got one for a different office tho. Not sure what that means tho
Yes, have my first round tmr
Is this their CorpFin unit or FVA unit?
Have an interview with the rx group this week - any recommendations how to best prepare or what to expect?
It's peak recruiting season, so I’m assuming you’ve already built a solid foundation with M&A technicals at least over the past few weeks. When it comes to preparing for RX-specific interviews, first check out the Sell Side Handbook for an intro to basic RX technicals.
For more advanced material, I used Restructuring Interviews (the website) guides and Capital Interview Experts. Keep in mind the Restructuring Interviews guides generally require 2/3 weeks of dedicated study to cover thoroughly since its a ton of content. If you're in a time crunch, which I assume you are, I would check out Capital Interview Experts since they have actual RX questions from HL and you can also practice with the EVR, PJT, and MOE RX questions - if you can do those questions without looking at the answers by the time of your interview, you are in a very good spot.
For your HL RX interview expect classic theoretical RX questions such as "what are the 4 major steps in Chapter 11?" and also advanced bond math questions. One that I remember being asked that was also in the CIE guides was “you have $1B in unsecured debt trading at 30 cents on the dollar. The company issues a debt swap for $600M trading at 60 cents on the dollar. What is the gain or loss on this trade?”
The calculation for this would be:
$1B * 0.3 = $300M (Initial Debt Value)
$600M * 0.6 = $360M (New Debt Value)
Gain = $360M - $300M = $60M
Last thing - make sure you practice your behaviorals. At the end of the day the technicals are a check in the box and there will be multiple people that get every technical right but behavorials are where you can stand out
Anyone know what are the next steps after r1 nyc m&a?
I got mine first round Friday. Any insight into what I should be prepared for. It’s with tech group nyc.
I got mine on Monday. Would appreciate any info regarding how your interview went.
if i dont have r1 by now am I cooked? Or more waves coming? nyc m&a
del
Anyone get SPD for NYC pfg or LA capital market?
I had 1r this last week. Haven’t heard back. Is it 1r then spd?
same boat. heard from someone who went throught the process last year at it was r1 --> sd
Anyone hear back from LA industrials superday?
Delete
Have you also not heard back?
anyone recruiting rx in mn got a superday?
they are out
Did a 1st round for LA consumer retail & industrials, haven't been rejected but also didn't get superday, are they still coming out with them?
I had LA industrials superday, still have not heard back
Same question abt ny cm team, did my r1 2 weeks ago & was one of the first ppl to do it Ig
Delete
just checking in, have you heard anything new about turnaround time?
I keep looking over this thread too. It seems their turnaround time is awful for everything outside NY. I haven't seen anyone with offers
what abt nyc rx superdays
if anyone would share their round 1 interview experience that would be great I got one coming up
if you didn't get an R1 yet are you cooked?
Anyone hear back after Chicago R1?
Had a superday last week, have not heard back from that yet though.
Was your spd last friday? Also haven't heard anything yet
Anyone hear back for Transaction Advisory Services or specifically the DVC role? Haven't heard for R1 or anything but applied Feb 02
any update on LA capital market?
anyone hear back from HL PFG fr?
.
I got superday. They have it on Wednesday for nyc
Is it in person?
anyone hear back from charlotte after 1r. Havent heard anything and its been over a week
Not yet either. Had mine last Tuesday and haven’t heard back. First round went well imo so unsure if timeline. I also emailed HR (person who scheduled r1) and she hasn’t gotten back to me yet.
Had first round with NYC this Monday and still haven't heard anything. Am I cooked?
Is First Round for IB Generalist still rolling?
anybody hear from sd today nyc?
del
Haven’t heard
are R1 for nyc generalist out yet
Bump
anyone hear from the SD on the 13th for RX?
Nah
Anyone hear from Fund Opinions?
How’s HL’s return rate last year?
Anyone know when the NYC Capital Markets Superday would be out? Had R1 and haven't heard back yet and can't find much online.
same, are there no r2?
not too sure, I think it would go straight to superday but i don't know anyone who has gotten it yet. j gonna wait and hope for the best.
any updates on LA business services
have you heard any updates?
I did a 1st round and its been a week and haven't heard anything back for Chicago, was wondering if anyone knew the turnaround time since interview i thought went well
same thing with me for charlotte. still waiting and havent heard anything so idk
I also did Chicago but Capital Markets, what group did you interview for?
If anyone signs an RX NYC offer dm me please, trying to see what the class looks like.
del
Anyone gotten offers from HL MN RX yet? They had superday last week
I am still waiting to hear back from my superday. Although it was for Capital Markets
Has anyone heard back for NY M&A offers?
No have you?
Nope. Do you know anyone thats heard back at all?
Anyone hear back from LA cap markets? Had SD yesterday
not yet either
I had my Capital Markets Interview for Chicago last Friday. Still waiting to hear back...
When did you guys hear back after 1Rs ?
1 week
Did u have yours last week?
yes
Has anyone heard back after NYC Capital Markets R1?
Yes, I did SD last week
I did mine on the 14th and they are still dragging..
What does Capital Markets even do? Is it a good team (culture, pay, exits)?
Has anyone gotten offers from LA office for a specific coverage group?
Anyone hear back from PFG SPD last week? have another bb offer on hand, no sure if I should leverage or no
Any updates on NYC M&A offers??
Any updates on people who did M&A New York?
Just heard back from HL CLT about a superday
What’s CLT
Charlotte
Did anyone hear back from last Friday's Chicago Industrials M&A spd?!
Any update on PFG SPD?
Which subgroup were you interviewing with?
The SPD consisted of four interviews, each with one person from a different subgroup.
Anyone heard back after interviews betwen 17th-21st Feb? NYC generalist
spd or fr
After first round
anybody here back from r1 for software
How long did you guys wait to hear from the SPD?
Anyone have a super day coming up for NYC M&A
Did you get an offer
When do people hear back about offers from superday
Has anyone gotten an offer Generalist NYC
Has anyone gotten an interview for GP Advisory group or business services that came out earlier in the month?
Yes.
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