Strategic Consulting at Houlihan Lokey

Coming up, I have an interview with Houlihan Lokey's Strategic Consulting division. I applied for a Consultant role earlier this month. Most people know HL for their investment banking & financial services, however they have a small consulting branch that specializes in strategy & operations. I believe it has only been around since 2015.

Does anyone have any experience working in / interviewing with this part of the company? How does HL Strategic Consulting compare to other reputable firms (i.e., MBB, Big 4, etc.)? Thanks in advance for your insight!

Comments (16)

Dec 20, 2018

Following. Also, do you know the difference between the Associate and Consultant role?

Dec 21, 2018

I didn't even know they had it. TBH, I don't think they would be comparable to other firms in this sector simply because I assume almost all of their revenue and expertise is directed at their banking operations. It also isn't reputable/strong enough to let the HL carry you alone. Firms like Finalta can because they have the McKinsey name (or other big firm) name behind them even if it isn't the group's core offering.

If you want to go into MC I would pick the others you mentioned or operations boutiques like Huron or Marakon

Dec 21, 2018

Thanks for the advice. I am considering getting into Investment Banking after grad school, so I'm thinking working at a firm like Houlihan Lokey (via strategic consulting) could be a good way to make connections and get "my foot in the door" for future IB work. However, I agree that it isn't as competitive as a firm like Bain, Deloitte, Accenture, etc. for pure consulting.

Dec 21, 2018

If that's the intended path I dare say going first to an IB boutique may be more useful as you'll learn more transferrable IB-related skills.

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Jan 3, 2019

That's good insight, thanks. I am also considering going to get my MBA and entering I-banking and/or elite consulting (MBB) through this means.

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Jan 11, 2019

MBA should be a backup plan.

Most Helpful
Jan 7, 2019

Having interned at HL, they are not very receptive to transferring internally after the internship. One of my friends tried going from their valuations group to IB and almost had his offer recinded. Be careful of relying on that. I would agree, going to a boutique IB would be more relevant than this role for your goals

"If you ain't first, you're last!" - GOAT

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Jan 4, 2019

any idea how large the group is?

Jan 7, 2019

That's a good question, I will find out when I talk on the phone with them. I can't imagine it's more than 50-100 people in the U.S. The consulting branch sounds small but selective (they are one of the only one-stop shops to offer both investment banking & strategic consulting services).

Jan 7, 2019

When I was there (in the past two summers) they were in the 25-50 range. I would say closer to 25 if I had to be more specific

"If you ain't first, you're last!" - GOAT

Jan 9, 2019

Hi - did you work directly in their Strategic Consulting function? How has your overall experience been (in terms of types of projects worked, work-life balance, company culture, exposure to management, etc.)? Would you recommend taking the Consultant job if it is offered to me? Thanks in advance!

Jan 9, 2019

I was in IB so my viewpoint is kind of outside looking in. We had a presentation by them during my summer and met some senior folks

I would say it depends on other offers you might get. If you want to do consulting and don't have other offers then sure, but just be aware it is nowhere near the level of the big 4 or MBB consulting firms. If you think of consulting in tiers which I have seen on WSO, they would be lower tier 2 or even tier 3 in my opinion. If you're at a top 15 MBA I would think you could get a MBB or tier 2 (ex. Accenture) consulting offer

The group is HLs goal of being a one stop shop, it is not a revenue driver in itself, they use it to build a relationship to eventually have the client engage with the IB / Valuation groups, or as an additional service they can package with IB / Valuation services.

"If you ain't first, you're last!" - GOAT

Jan 10, 2019

This is helpful, thanks! I will need to compare their offer with any other offers that I receive - however this probably isn't my first choice due to many of the facts you stated - it lacks the name recognition & reputation of some of the larger, more established firms (i.e., Big 4, Accenture, A.T. Kearney, MBB, etc.).

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Jan 11, 2019

I would agree. Keep it as a backup but aim for better known firms

"If you ain't first, you're last!" - GOAT

Jan 11, 2019

Make your post less specific. You've identified the title of the person (may only be a few of those since you say its a small group) and the approximate time of the interview. If there are any other markers in this thread it could be easy for the interviewer to figure out who posted this.

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Jan 11, 2019
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