Houlihan Lokey LDN 2025 RX SA degree requirement (accounting, economics and/or finance) - is it really that strict?

Based on previous WSO threads, here's what you need to know:

1. STEM Background in Banking:

   • There is a general sentiment that while banks often emphasize STEM skills, the actual work may not always require advanced STEM knowledge. Basic finance, accounting, PowerPoint, and Excel skills are often sufficient for many roles.
   • Some users have expressed frustration that despite having a STEM background, the work can sometimes feel menial and not as complex as expected.

2. Restructuring Internships:

   • Having prior experience in restructuring internships can be a significant advantage. It demonstrates relevant experience and a clear interest in the field, which can sometimes outweigh strict degree requirements.

3. Houlihan Lokey Restructuring (RX) Group:

   • Houlihan Lokey is well-respected in the restructuring space. The culture, compensation, exit opportunities, and hours are often discussed, but specific degree requirements are not always strictly enforced if the candidate has relevant experience and skills.

4. General Advice for Transitioning:

   • Be proactive and scrappy. Read relevant materials like Moyer's book on distressed debt.
   • Utilize resources like DebtWire, Reorg Research, and LCDComps to stay informed about distressed situations.
   • Prepare thoroughly for informational interviews with restructuring professionals to increase the chances of your resume being passed on to hiring managers.

5. Contacting HR:

   • It is advisable to contact the HR team to clarify the degree requirements. Highlight your relevant restructuring internship experience and how it aligns with the role's demands.

In summary, while the stated degree requirement might seem strict, your STEM background combined with relevant restructuring internships could make you a strong candidate. Reaching out to HR to discuss your specific situation is a good move.

Sources: Switching from 'Industrials' to 'Restructuring'., https://www.wallstreetoasis.com/forum/investment-banking/why-do-banks-emphasize-stem-skills-only-to-make-us-do-menial-easy-work?customgpt=1, Restructuring prospects, why you should not consider restructuring, IB SA No Offer -> Major Entertainment Strategy + Perspectives on Recovering from Failure, Thoughts on Restructuring Groups?