Does anyone have any insight into the Houlihan Lokey Restructuring and Healthcare groups in Chicago? I am aware HLHZ RX is traditionally a strong group, but haven't heard much about the Chicago office. Same for the Healthcare team.
Any information on the culture, compensation, reputation, exit opps, etc. would be appreciated!
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Chicago is home to Food/Consumer team. Very strong. Lots of sponsor representation and is the most active MM team in the space.
any insight on the culture there? and exit opps?
bump
Very strong in both groups. Expect to get worked in RX, but they're the best in the business for that coverage group and you'll have a great experience.
Plus Chicago is a place with New York opportunity at half the price, you'll have a great quality of life in the city.
Interested in hearing more about RX and about exit options from that group in particular (bonus points for Associate level exit options).
Have heard that the Chicago RX group previously had a reputation for screamers and bad culture, is this still the case or have things improved?
It seems like the HLHZ RX are sweatshops across the board.
Do you have any insight into the culture of the Healthcare group?
It's better than other HLHZ groups by comparison, the same way prison in Russia is better than prison in Turkey.
I currently work IBD in SF and am not too familiar with the Chicago banking landscape. Do you know what HLHZ's hours might look like? I am hearing it's a sweatshop in Chicago, but that is all relative. I am not sure if Chicago banks work you harder on avg than SF banks do
General overview of major Chicago banks
Here's someone else's take from an older topic.
[quote="Mr. Bateman"] MS, GS, JPM, BAML, CS, Citi, Barclays, DB and UBS all have offices in Chicago and cover different things.
MS - Industrials and i believe some business services/TMT. Might have a small healthcare team too GS - Used to have a sold packaging MD who left for Rothschild. Now i believe its just industrials but not 100% sure. FIG maybe? JPM - Diversified Industrials and Consumer (Consumer team is much smaller) CS - Not 100% sure anymore. Used to have a good Education practice, but MD recently left for Macquarie. Probably still do TMT in some capacity BAML - Industrials and consumer. Consumer seems to be mostly Proteins Citi - Industrials and M&A. Co-head of M&A sits in Chicago. Apparently this place is pretty sweaty Barclays - Education, Business Services, Financial Sponsors, and Packaging. Packaging MD left last summer for Evercore, but they have a new packaging MD they hired away from DB DB - Believe they still do packaging and some industrials work. Not 100% sure UBS - No clue anymore. Small team now. Used to be very solid back in the day, though. Lost a lot of MDs, know one guy went to Greenhill.
As far as EBs go, I know Greenhill, Moelis, Lazard (regular and MM) and Evercore have offices here as well.
Houlihan Restructuring in Chicago (Originally Posted: 02/23/2009)
Can someone give me more information about this? I have a final round interview for internship with Restructuring in Houlihan's office in Chicago. How is the group? What are the exit opps? Would this be better than NYC BB? Is there a test for Houlihan's internship process?
Thanks in advance!
Chicago restructuring is relatively weaker vs. other offices. They don’t do a lot of the large, complex restructurings that you want to get experience with as an analyst (assuming you want to work at a hedge fund). Exits to MM PE and direct lending funds will be fine though.
Houlihan is good in restructuring. Don't really know about Chi, but Minny has some restructuring ballers. They typically represent creditor side, which is the opposite of most banks- the experience will be "different," but if you work hard it should still be good.
As far as exit opps, restructuring tends to go to turnaround shops and distressed debt funds, stuff like that. It's really up to you if you would rather go BB, but I think HLHZ would be much more stable over the short term.
Houlihan Lokey Chicago (Originally Posted: 09/20/2011)
Anyone on here from HL Chicago, please PM me. Consumer, Food and Retail would be ideal but anything works for now.
hey, did you ever interview for the CFR group?
The HC group does a lot of healthcare services I think. Skilled nursing, behavioral, and medical offices. It's super sweaty though and has had a lot of turnover in the last couple of years. Good deal flow and probably lots of opportunities to get good experience but you will be worked to the bone.
HL healthcare is the best group in the nation for HC services / PPM. Heard that it was super sweaty during last year’s bull market but that was pretty much everyone.
I think Jefferies is in a whole other stratosphere when it comes to healthcare services but do agree that HL is a good place to be for that vertical. Blair also does very well.
It's also been super sweaty for years. Not just last year. Culturally, it's a difficult place to work.
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