Houlihan Lokey: Interview questions and prep?

hey,

I was wondering if anyone had experience interviewing with Houlihan Lokey and what I should be prepared for during an on campus interview. What sort of questions do they ask? are they known to ask difficult questions? any help is greatly appreciated.

Comments (171)

Sep 10, 2010

I interviewed with them a while back and they were not terrible. Superday was 4 interviews, mostly behavioral with one that was all technical. Again, interviews can vary greatly depending on the individual so you should be prepared for anything.

My first round with them was over the phone and was actually pretty technical if I remember correctly.

Sep 11, 2010

I had some OCRs with them. Make sure you know your accounting very well, they're very into that.

Sep 15, 2010

thanks,

does anyone know some specific questions they may ask or areas that they focus on? for example, they ask a lot about valuation, or "i had three questions regarding financial statement analysis. Any help would be greatly appreciated.

Sep 15, 2010

Anyone know about their SA interviews? Any other info as well..class size etc?

Sep 15, 2010

Anyone know about their corporate finance interviews?

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Sep 17, 2010

Yeah 4 out of their 7 analysts that started last year left their FAS group.

Sep 17, 2010

What are their best groups/location?

Sep 17, 2010

best group is rest in LA...

Sep 18, 2010

best group is tech M&A in SF ;) great people - very hard-working, friendly and brutally intelligent!

Sep 18, 2010

what about restructuring in Minneapolis?

Sep 15, 2010

-

Sep 24, 2010

I had a first round. Basically a technical case study. They said the superday was pretty technical and there was an hour long accounting test at the end. This was for restructuring.

"Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

Sep 24, 2010

Know someone who did their analyst stint there. The culture is a sweatshop, big time. You will be worked mercilessly. Unless you're in NY Restructuring. They seemed to get out earlier than NY M&A kids. Apparently there isn't much in they way of helping analysts place into PE. Sounds like good MM deal experience, but tough to get an exit without being REALLY proactive.

Sep 28, 2010

actually houlihan works mostly on the creditor side of restructuring- it's way more boring and less interesting than say blackstone or lazard or evercore, who often take the debtor side. creditor is just dealing with bonds.

if youre interviewing about restructuring, know about the order of debtholders - who gets paid first to last. Also types of restructuring, like prepacks, amend/extend, etc.

houlihan's case study (just google it) is good too.

Sep 29, 2010

There will be a finance/accounting exam, know your financial statements. If it's for FRG, review the case study on the website.

Culture is great. There's plenty of debtor work to go around, and the creditor advisory work is no more or less boring so disregard the above.

Sep 29, 2010

Don't know about this finance/accounting exam - are you all at non-targets and/or non-undergrad business schools? None of you do SA anywhere? Went through a superday today - interviewed with 4 people over 2.5 hours - and have not even heard of this test mentioned. For FRG NY/LA.

Oct 17, 2010

I had a superday last Thurs. for corp fin LA and I had to take an hour long exam as well. I am from a nontarget, but have internship experience and everyone else in my superday group was from a target.

Oct 18, 2010

Has anyone else been getting an e-mail from them about twice a week saying they are still considering your application?

I interviewed on campus about a week and a half ago for CorpFin. Put Hong Kong as my top office choice.

Oct 18, 2010

Heard they are pulling back on offers actually. Business could be better.

Oct 18, 2010

I have a first round interview with them on Wednesday.

Oct 18, 2010

Largely fit.

Oct 18, 2010

I think it's office specific, so not all of this will apply to you, but this is what I know:

They love accounting. Assuming you already have all your behaviors down cold, brush up on your accounting and general market knowledge. It'll be a mix of your experience vs. relevant technical questions as well as random technical questions. What I mean is yes they will have you run through your resume, talk about specific deals, ask you how to do a DCF,etc, but then they'll throw in "is FIFO or LIFO method better and why" or "what is Gold trading at now." Some also have a technical test but it's not too hard.

PM me for more info. Good luck!

Oct 18, 2010
Arch Pei:

Hi guys,

I am going to be interviewed by Houlihan Lokey's Greater China team this Thursday. The first time will be a phone interview. The position is for corporate finance, and since Houlihan has just entered China, I am not sure what specific area will it be (I guess M&A is the most possible).

Does anyone have any ideas about what they ask in finance interviews? I have read through some posts on this forum which are greatly helpful, but still yet to see many specific questions/style of their interviews. I am a graduate with roughly 1 year experience, so I think the process would be very like a campus interview, rather than an experienced one.

If anyone is so kind to give me any guidance I would be very grateful. And it is my duty to invite you for a drink whenever you come to Greater China.

Hi,

Thanks very much for this comment. It help me to think about my ideals.

Tks again and pls keep posting.

If you want to get more materials that related to this topic, you can visit: http://interviewpreparation.biz/
Best regards.

Oct 18, 2010

yeah. I had my interview with HL Cor Fin and got an offer and I was asked accounting questions. complicated ones too. very relaxed and laid back interviewers though

Oct 18, 2010

how complicated do the accounting questions get? could you provide a sample? greatly appreciate it.

Oct 18, 2010

I had 3 IB superdays on Monday, back to back. They all asked the same shit.

Walk through resume, why this school, tell me more about x job, y internship, and z internship.

I see you worked with LBOs in y internship; can you walk me through an LBO?

What do you expect your responsibilities to be as an analyst here?

Given that answer, why do you want to do IB?

Why this bank over anywhere else?

What do you bring to the table?

Why, in theory, is minority interest part of EV?

He said I was the first person to get that one right, then the interview was over. I asked some sick questions to seal the deal.

Oct 18, 2010

congrats

Oct 18, 2010

What group and for Analyst I presume?

Oct 18, 2010

Hi it's M&A group, off-cycle internship

Oct 18, 2010

Hi Esther,

I'm in a similar position as you are, however, I'm interviewing for an Associate position on the FAS - Portfolio Valuation team. I had a super day last week and I have a written technical and two more finals with the MDs. In total I've had six interviews.The questions were pretty standard - story, DCF and few other technical questions. I got a spontaneous questions about what book I have read. I also got a question about how to value a company with no financial data/information but that it had $1m in its first round of financing (Still dont know the answer). But relax it should go well, but make sure your story is consistent and well thought out.

Also I wanted to ask you about the written test, what were the questions like and how long did it take. Any pointers?
Thanks and goodluck.

Regards,

Dejaveau

Oct 18, 2010

Hi Dejaveau,

Thanks for your reply. Very helpful.

The written test had two parts. The first part was like an accounting homework question. I was given a laptop and constructed a proforma and calculated the FCF in excel. The second part included 10+ smaller questions, all common stuff.

There was one question I was not sure about, asking whether the cost of debt could be higher than the cost of equity. Any thoughts on that?

Oct 18, 2010

I'd learn how to spell the name of the firm first.

Oct 18, 2010

Hi Oreos,

Thanks. I corrected it.

Oct 18, 2010

What classes have you taken to make yourself attractive to restructuring? I am interested in it also and may want to tailor my courses appropriately.

Oct 18, 2010

For interviews at HLHZ restructuring. they guy asks you 'do you even know what restructuring is?' and if you say no he'll say thank you for being honest, most people say yes and give a quick summary of something they read the night beofre. and then he will explain it to you and youll be in a much better position.

if you are asked say i've read up on it, but i definately want to learn more. or something like that

Oct 18, 2010

you are taking time off tour to interview?

Oct 18, 2010
mfors:

you are taking time off tour to interview?

Yeah...I got sick of the whole trance scene and the mouse head was unbearably hot

Sep 17, 2010

Is this LA?

Oct 18, 2010

This is for HLHZ NY/ IL

Oct 18, 2010

I was you for Halloween. gluck!

Oct 18, 2010

Bump^ what were the technical questions? Got an interview coming up !

Oct 18, 2010
Oct 18, 2010

Group is more important than location in determining the questions. HLHZ is very technical in general, FRG is even more so.

Oct 18, 2010

Make sure it's not FAS, that's equivalent to the TS job you are trying to leave.

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Oct 18, 2010

Any opinions on pluses or minuses to these groups would be appreciated as well as technical interview advice.

Oct 18, 2010

I only know about BIG so I can't help you with CF. Shoot me a PM if you have specific questions.

Oct 18, 2010

I am currently a second year analyst at a MM bank andI am interviewing for an experienced analyst position at HLHZ as well...for the Chicago Basic Industrials Group. Do you happen to know anything about the group in terms of hours, comp, deal flow and the quality of the people who work there?)Also...any idea on what to expect in terms of interview questions? I have heard they like to focus on technical..what can I expect as an experienced analyst?

Also..I am not quite sure that I want to stay in banking...I do like the work..especially M&A but I do not know if I have the stamina to keep up with the hours for another year and a half or so...I have recently been thinking about maybe getting into the valuation group at one of the Big 4 or a top financial consulting firm in Chicago..My impression is that the work builds a strong financial skill set with tolerable hours and comp. in the 80k range for an experienced hire...am I way off? would valuation be a bad career move after banking?

Oct 18, 2010

valuation sucks, you will be over it

Oct 18, 2010
ke18sb:

valuation sucks, you will be over it

Can you elaborate on why it sucks?

Oct 18, 2010

People are great, hours aren't bad - 10PM-12AM on average, obviously more on some days. Deal flow is solid, obviously you're working on smaller deals (200mm TEV) and comp last year was street (although there's usually a small discount).

Oct 18, 2010

Chicago BIG sounds good....and ke18sb...why does valuation suck? Would you mind elaborating. Does anyone else have any thoughts.Is it really uncommon for people to move from banking to valuation? will comp be in the 75k+ range in Chicago? I'm attracted to valuation because my impression is that I would continue to build a finance/accounting and analytical skill set with good hours and decent pay...

Oct 18, 2010

I worked in valuations in Chicago for a year and left because it was extremely boring and the pay was not that great. First year base was 55 with a 10-15% bonus. Much of the work is for SEC compliance post-transaction (Purchase Price Allocations) The more logical progression is usually from valuations to banking and not the reverse. If you're looking for a slower paced environment you might want to look into it, but as I said, it was not for me. Feel free to PM me if you have more questions.

Oct 18, 2010

Just wondering how your interview went. How was it structured? What sort of questions did they ask? Which office was it for? I'm currently a 2nd yr in a middle market Lev Fin group - considering targeting HLHZ in another year or so, particularly FRG. Any insight you could provide would be greatly appreciated - thanks.

Oct 18, 2010

Any idea if Associate FAS bonuses are also only 10-15%? My friend told me his base in NY is 100K.

Oct 18, 2010

HL is a complete fucking joke.

PM me for specifics... I'll tell you which guys over there to stay the hell away from

Oct 18, 2010

^^ curious to know why u say that.. I know a bunch of their ADG guys in DC, seem like decent people... overall comp is decent n hours arent the worst..

Oct 18, 2010

I've worked with HL on a deal and they are terrible. That's my experience.

I know you know a guy who knows a guy, but I'm telling you from first hand experience (and I've partnered with most other banks on transactions) that these guys are a complete joke.

Can PM me for details

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Oct 18, 2010

Is this for FAS, Corp Fin or RX?

Oct 18, 2010

Corp Fin.

I come from down in the Valley, where Mr. when you're young, they bring you up to do like your daddy done.

Best Response
Oct 18, 2010

My first round was completely focused on why I was interested in the specific group and what I did last summer. Be ready for tough technicals later on possibly.

    • 2
Oct 18, 2010

Mostly asking about internships and why HL. Does anybody know the timeline for them?

Oct 18, 2010

Thanks for responses.

Should have added in the OP that this is for the Dallas office.

I come from down in the Valley, where Mr. when you're young, they bring you up to do like your daddy done.

Oct 18, 2010

Have your why Energy story straight, and know the high overview of O&G concepts. Heard it's pretty technical. Had a friend that interned there last summer and lateraled to JPM in Houston.

Oct 18, 2010

I heard it was full. I'm surprised they're still doing first rounds

Oct 18, 2010

I heard it's quite technical but not sure about Chicago office specifically. A lot of accounting and valuation for L.A. office though.

Oct 18, 2010

I can say specifically for Chicago they're very technical. They also make you take one of those accounting tests at the beginning of your interview for 45min.

Oct 18, 2010

Expect to see a 1hr long technical written test. Personally, I thought it was the most challenging compared to other firms, but if you know your accounting inside out you should be golden. The rest is basic behavioral stuff with Associates or higher.

Oct 18, 2010

Its going to be at least 5-6 rounds of interviews and all will be 2 on 1. Also, each one will be at least partially technical. I had one "stress-test" interview that was almost completely technical and dug pretty deep into understanding. Same as everyone else, theres going to be an hour long exam which is pretty challenging all told.

Oct 18, 2010

Hello guys, I am in the midst of doing my masters in accounting. I have a finance major and I am interning at a boutique investment bank. Do you think I will be able to get a summer internship at a investment bank in the middle markets ?

Oct 18, 2010

What type of accounting stuff? Just questions based off of three statements? Would they ask for non three statement questions? Stuff like how would you record adjustments and t-accounts?

Oct 17, 2010

They give you 10 - 15 transactions and you have to build an IS, BS and CF statement and then there are finance questions.

    • 1
Oct 18, 2010

Anyone had the first round already? They don't come to my school, that's why I was wondering.

Oct 18, 2010

For an analyst position?

The 2nd round at the Chi office didn't include an exam; it was 6 back-to-back interviews. 1 was purely behavioral, 1 was purely conversational (what are your hobbies, what do you like to do for fun, etc.), and the others were technical, but not in a stressful way as long as you know the material.

Hope that helps!

Oct 18, 2010

Thanks man. I have mine next week. They said it would be a full day of interviews followed by a technical exam. Which group did you interview with??

Oct 18, 2010
JMu:

Thanks man. I have mine next week. They said it would be a full day of interviews followed by a technical exam. Which group did you interview with??

Pretty sure all the groups are the same. A buddy of mine interviewed restructuring this year. All day interviews and an exam. Be ready its supposed to be pretty technical even most of the interviews.

Oct 17, 2010

Same exam. I interviewed with a girl who was actually getting her MFE and hadn't taken an acctg class in 5 years and got completely fucked by the test / technical interviews.

Oct 18, 2010

needless to say HLHZ takes very very few non finance majors. that test was a douzy for a econ major at a ivy without a undergrad business program.

Oct 18, 2010
afalcon10:

needless to say HLHZ takes very very few non finance majors. that test was a douzy for a econ major at a ivy without a undergrad business program.

This is kinda embarrasing but I spent 5 minutes looking for the word "douzy" online. Still no clue how it applies to this situation. Someone help please :)

PS: Thanks for the help guys

Oct 18, 2010

its hard for non-finance majors

Oct 18, 2010

I had mine yesterday. I really enjoyed meeting the guys. The interviews weren't technical at all. The test at the end wasn't that bad either. Hopefully I get the offer. I actually really like the culture. They guys seem like they'd be fun to work with.

Oct 18, 2010

does any of this apply to the Hong Kong office as well? Test portions? what's on it that makes it technical? accounting or straight up corporate finance / security analysis questions?

Oct 18, 2010

What level position are you interviewing for? I assume it's not a analyst position if they're asking you how to treat SPEs...

Oct 18, 2010

It's for an analyst position. I graduate in May,'08.
I went back to studying my accounting/corporate finance text books since I was told that.
Does any one know compensation level and hours for this position at Houlihan or Harris Williams?

Oct 18, 2010

which office are you interviewing for nyc or la? A friend went to their la office's superday last year and said he got 1 technical question the rest were fit. Apparently the nyc office is very different from the la office (at least that's what they told him).

Oct 18, 2010
mdr24:

which office are you interviewing for nyc or la? A friend went to their la office's superday last year and said he got 1 technical question the rest were fit. Apparently the nyc office is very different from the la office (at least that's what they told him).

Interesting. One of my professors was telling us one student he taught a year ago who was asked, in an ibanking interview, to put together consolidated statement right on the spot--in front of a panel interview. So, I think it's all different. I will share my experience on this thread in a week.

Oct 18, 2010

if they asked you to write the name of the firm on a piece of paper you wouldn't even be able to pass that...

Oct 18, 2010
nyc123:

if they asked you to write the name of the firm on a piece of paper you wouldn't even be able to pass that...

I am not sure if I'm following the drift here, but I think it's an extension of the 'write your name on the white board story' in the other thread.

Oct 18, 2010

money!

Oct 18, 2010

no...its an extension of you not spelling the firm's name correctly...

Oct 18, 2010

Spelling is a form of art for me, but I would still like to work there.

Oct 18, 2010

I wasn't aware that you were expected to know LBO valuations? Can anyone else attest to how common this question is?

Also, if you are an econ major, not a finance/accting, are you expected to know all these in depth accounting questions?

Oct 18, 2010

I was not an econ/fin/acct major. I had an interview with Houlihan and it was brutal. All technical questions and the guy was a bit of a jerk. If you're tied between Houlihan and Harris Williams, I'd recommend the later.

Oct 18, 2010

Although, special purpose entities are off-balance sheet for financial reporting purposes, in legal reality, the claimant would attempt to "penetrate the separation of entities"- forcing the sponsor parent to become responsible for all related liabilities, and assets, acting as a guarantor of last resort. This approach was successful in the Enron case.

So if you get substantial information on a SPE, to be on the safe side, I'd treat it like a 100% owned subsidiary company, but the challenge is getting a hold of the SPE's assets and liabilities, which for the most part does not exist unless you find the sponsor charitable trust that owns the SPE's voting stock, probably in some tax-free haven like the Cayman Islands, or Bermuda.

Examples include off balance sheet Structured Investment Vehicles (SIVS), and conduits set up by banks to support commercial paper. Although, not openly disclosed, the associated bank, just acts as a loan provider to the SIV/conduit in the event that the conduit is unable to refinance maturing paper.

Also, even though the bank created the conduit, voting shares in the conduit are actually donated to a charitable trust to circumvent the consolidation treatment with the sponsor bank.

But during litigation, lawyers would try to force all related banks to bear responsibility on outstanding debts and liabilities held by a conduit in credit default. SFAS 140 covers financial reporting for SPE's in the U.S.

Oct 18, 2010

Come on now, I know at least one person on here has interviewed with HLHZ

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom

Oct 18, 2010

FRG or Corp Fin? Which office?

Some of my classmates interviewed with FRG in LA and they said it was very technical. They even did a case study on HY bonds.

Oct 18, 2010

There was a post about that not so long ago where I shared my experience - have a look if you can find it through the search engine otherwise pm me.

Oct 18, 2010

Bradz-

I went through the interviews for the analyst position at hlhz--the first round. I think I did fairly well on my first interview... I am waiting to be contacted for the second round. So what happened with you? Did you go through the second round yet? If so, how was it? Were you given some kind of test?

Sep 10, 2010

I went through SA interviews with their NY office a couple years back. From what I remember, my first round was on the phone and was pretty much all fit, with a few easy tech q's thrown in there. Second round was in their office. 4 interviews. 1 that was with a young analyst, all fit. 2 were partially fit and partially pretty easy technical. Then I had one with an associate that was all tech. 15 minutes of the standard questions like in the WSO guide. Then, since I had said I did research on company X in my resume, he pulled out their 10-K and asked me questions from that for 15 minutes. It was one of my worst interview experiences haha. I guess I didn't do too badly, got invited back for a third round in their office, meeting with senior level people. Almost all fit, high level stuff about why I wanted to do banking, teamwork, etc. In the end I turned them down for another firm.

As I tell everyone I speak with about interviews, be ready for anything. The worst thing you can do is prep for a "fit interview" because everyone says their interviews are fit, and then get some dick analyst who wants to grill you on valuation questions. Study for everything so you aren't surprised by anything.

Good luck in your interview. I know a few of the senior people there and they are good guys.

Oct 18, 2010

Yes, they were technical when I talked with them. Also some classic tough interview questions -- how many #2 pencils could I fit into a 727; how many telephones are there in the state. Know your financial statements inside and out, remember your financial accounting classes, be able to calculate WACC, and be ready to take a brief exam. But most of all, keep your cool and be humble/eager/easy-to-know. Those are the best tips I have.

Oct 18, 2010

it sounds like i have a lot of homework to do

i took financial accounting (my only accounting class) 2 years ago. humm, i hope i can pick it up within a few days

can you tell me more about the brief exam? was that at the first or second round?

Oct 18, 2010

The exam was at the second round, and it was mostly running through financial statements and calculating WACC.

Oct 18, 2010

If you're an economics major they wont ask you any accounting questions, same goes for any liberal arts major.

Oct 18, 2010

They will if it says "financial accounting" under relevant coursework.

Oct 18, 2010

I doubt they

Oct 18, 2010

All HLHZ candidates take a 3 page accounting/finance exam. It consists of written questions and a very easy accounting portion that has you reconstruct a cash flow statement. Review your accounting and basic finance and you should be fine.

Oct 18, 2010

That's an important thing to consider. If you have a liberal arts background, then you'll probably won't be required to know much about the statements, DCF, APV, WACC, etc, etc.

However, as Zala said, be ready to answer lots of accounting questions if you listed financial accounting under relevant coursework.

Oct 18, 2010

i think, even if you are liberal arts major they'll still ask you general questions just to see if you've done your homework.

Oct 18, 2010

^ this is coming from someone who didn't even know what an info session was 3 days ago

Oct 18, 2010
zala rules:

^ this is coming from someone who didn't even know what an info session was 3 days ago

touche

Oct 18, 2010

fuck houlihan, they think there better than goldman

Oct 18, 2010

Is that what their culture is really like, Dan?

Oct 18, 2010
Oct 18, 2010

i didn't list any relevant coursework in my resume but they did ask for an unofficial transcript, which lists one course of financial accounting an money and banking

can you guys recommend anything else besides the vault guides?

Oct 18, 2010

their culture sucks a nut

Oct 18, 2010
Dan Bush:

their culture sucks a nut

Your mom sucks my dick nightly. It's great.

Oct 18, 2010

can you elaborate more on their culture? i thought the reps i met at the informational session were very laid back and down to earth

Oct 18, 2010

You will get the test if you make it to the second round, so I would at least prepare enough for basic level accounting (and we are talking very basic). The technical exam is not so much to weed candidates out but just to make sure you have a minimum level of knowledge/understanding.

I can't say for sure that they will be more lenient on the technical questions without a finance background. But I think as a rule of thumb, if you want to go into investment banking, you have to expect no leniency, regardless of your background.

Oct 18, 2010

O

Oct 18, 2010

first interview (analyst) was focused on technical ability, no fit questions at all.

Oct 18, 2010

Were there the tricky questions? Like the ones asked above...
-about pencils in a 727... What are the dimensions of both? Is the plane with seats, without, cargo? What kind of pencils?
-phones in a state... Actual hardware phones or phone numbers? The largest possible number of telephones in USA and Canada would be 9,999,999,999. Then depends on how many area codes are in a state...
-Am I thinking about this right?

Oct 18, 2010

I am a second year analyst at a middle-market firm. I have a office interview for a lateral hire position coming up at Houlihan's Chicago office. I was wondering if anyone had an idea of what I should expect. My first interview was over the phone and I was mostly quizzed on my reasons for leaving (want to focus on M&A) and my experience...got asked questions on comp and whether I would move before the summer..Had a couple of technical questions: if company changes useful life of an asset from 20 to 10 years...how does that effect the three statements.

Oct 18, 2010

anyway..I also got asked about working capital as well and how changing accounts payable days would effect it....thats about it I think. Are the questions typically along those lines or are they significantly tougher?

Oct 18, 2010

did the interview in dallas two years ago. it's mostly behavioral and some technical. you'll get 2-3 technical questions, maybe more if you don't have polished responses to behavioral questions. i did a morgan stanley interview a few months back for a position in hong kong. it started out in english and then transitioned to all chinese both mandarin and cantonese. the position wasn't for ibanking though.

Oct 18, 2010

nice. If you remember, what behavioral ones were asked?

Oct 18, 2010

a ton of accounting questions... associate asked me to illustrate EXACTLY what i did for summer, including walking him through a comps valuation (i.e. what keys i pressed on the computer, basically teach him how to do comps as if he didn't know)

Oct 18, 2010

I did not get one.

Oct 18, 2010
WallStreetKid:

I did not get one.

which group did you interview with?

Oct 18, 2010

Couldn't tell ya, but I'd be surprised if they gave SAs a test. FAS might be a more technical group though. When I was there, one guy mentioned the test and said it's basically all accounting, you get 2 statements and you have to back out the 3rd.

Oct 18, 2010

i interviewed superday with CF and didn't get any test. got the offer !:)

Oct 18, 2010

hey im interviewing for their CF this friday and i was wondering if you could tell me a little more about the superday. how technical was it? any information would be greatly appreciated

Oct 18, 2010
abcbanker:

i interviewed superday with CF and didn't get any test. got the offer !:)

any tips? advice? how technical was it? im interviewing with their CF this friday and i dont really have a business background...

Oct 18, 2010

superday with FRG and no test, however there were some technical questions about distressed debt

Oct 18, 2010
noobmonkey:

superday with FRG and no test, however there were some technical questions about distressed debt

same, superday with FRG and no test.

interviews were 90% technical. Basically 'walk me through your resume' and then straight into technicals/brainteasers.

Oct 18, 2010

There won't be a test, and the level of technicals varies between groups/cities. I went through both Restructuring and Corp Fin for full time, and Restructuring was almost all technicals while Corp Fin was almost all fit. Don't worry about a test but be ready for anything else really. The guides from this website will have you prepped for anything you would need.

Oct 18, 2010

ah, feel like I should share. I had a SA superday with SF FAS. there was an hour-long tech exam. The exam was not hard, but time was tight.

Oct 18, 2010

bump. anyone else with experience to share?

Oct 18, 2010

anyone?

Oct 18, 2010

Analyst or associate? Someone I know in an HLHZ office mentioned they are a bit behind in their recruiting schedule and are still finishing up summer associate recruiting.

Oct 18, 2010
jen055:

Hello!
I have an interview on Wednesday,(in 5 days) for 2nd round at NYC for the Financial Restructuring Group. Does anyone know what their 2nd rounds are like? I know they get technical but I was wondering if anyoe knows what kind of "technical" questions they ask. Thanks!

Know about how the statements interact. How debt, issuing shares, depreciation, revenue, tax impacts the statements.

Oct 18, 2010

Big MM IB player
Arguably the best restructuring practice
Known for very technical and rigorous interviews

Oct 18, 2010

alot of accounting questions... know they well

FT recruiting is over though...

Oct 18, 2010

i have final rounds there in like 6 hours... ft recruiting is not over.

Oct 18, 2010
afalcon10:

i have final rounds there in like 6 hours... ft recruiting is not over.

guess not then... offers were given out already though, final rounds were last week... they might have extended interviews...

Oct 18, 2010

For FRG?

Oct 17, 2010

I spoke to a group head last Friday for a networking call and I have a first round phone interview scheduled for tomorrow. We have been playing phone tag for about 3 months we finally got in touch. I don't think recruiting is over, this guy has no reason to pass my resume along and he told me his assistant was also in charge of recruiting; I got an email from her early Monday morning. By accounting, do they just ask how different line items flow through the statements or go much more in depth than that? Any examples would be much appreciated like....Lifo vs Fifo if inventory costs rise? or advanced acctg type questions?

Oct 18, 2010

columbias superday is tomorrow.. lots of students will be interviewing.. they recruited on campus.

Oct 18, 2010

probably no Rx.
Expect normal technicals (use the search function, not specifically for HLHZ)

"Success means having the courage, the determination, and the will to become the person you believe you were meant to be"

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Oct 18, 2010
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