Houlihan Lokey

Thoughts on these boutiques? What are the reputations of these firms? Also want to know about deal flow, people, pay, and exit opps.

05 May 2020

Does anyone know what the culture is like in the Chicago office? Does it vary at all by coverage groups? Work-Life Balance? Have heard RX is sweaty but haven't heard much about the other groups...

13 Sep 2020

I was just wondering if anyone has heard back from the Houlihan Lokey RX phone screen for the LA office for a super day. Had my screen last week if that helps.

11 Sep 2020

Hello guys, I have a technical test & case study (2 hours total) coming up with HL. Do any of you have any idea what could be on it - or what to focus on revising? this is for their FAS group, entry level position. I had a look on this forum but I couldn't find any definite answer. Thank you!

04 Mar 2020

For those being hired FT into HLHZ's RX group in LA - what is the expected base and bonus? The company database data points for this particular group are scant and kinda old. Thanks!

19 Mar 2020

Does anyone know if Houlihan RX Superdays are out yet? Saw a few people posting about first rounds and know those started a while ago.

21 Mar 2021

I heard first rounds are already out? But I'm at a target and haven't received anything so am I dinged? Only applied to NY Office. Can anyone confirm, thanks.

09 Mar 2021

Hi Monkeys, I am currently a Senior at a non-target school in LA double majoring in Accounting and Computer information systems with a minor in Marketing and hold above a 3.5 GPA. I have worked in almost all business departments while in school, mixes between full time, part-time and internships but wasn't able to land any internships with any big name banks or firms. I'm also a licensed Realtor. I know the non-target school post is mentioned often, but I'm running out of cold calls, emails, linkedIn etc. prospecting options. I only went to a non target because I'm first generation college

04 Sep 2019

First, thanks WallStreetOasis.com for this new anonymous feature, it's smooth. Now to the post. I have the opportunity to leave to Houlihan Lokey FAS on their portfolio valuations at the third year analyst level (promote to asssociate within a year). I am currently in ER, which is fine, but the industry is facing serious headwinds and I am looking to exit as a result. Please don't respond that the restructuring group/corp fin is better, that's not helpful. I searched the forum regarding HL FAS but the threads are pretty stale. Anyone have any idea as to the following for HL FAS? - Pay - Exit

13 Nov 2019

Hi all, I was offered an interview for Houlihan Lokey's Portfolio Valuation group and told that I would be completing a 1 hour technical assessment. I was wondering if anyone had any idea what to expect as I have no idea what to study. Thanks in advance

16 Jan 2021

I am an undergraduate student at a semi-target/target that received an accelerated offer for HL CF next summer. I tried to leverage this for accelerated superdays at other firms, but they said it was just too early. However, a BB MD who is fairly powerful has been really stubborn and is telling me that I should reject the HL offer because I am a "strong candidate for traditional investment banks." He even set up a phone call with me two weeks from now (3 days before my offer deadline) for whatever reason. Really confused on what to do. ***Note: The BB I am referring to became very HR driven

28 Jun 2019

A lot of the info covering the culture and hours at HL seems to be conflicting and out of date. Can we get an update on the best groups and office locations for culture and quality of life? I've heard that the guys in NYC, DAL, and LA get absolutely worked while the Midwest offices (CHI/MN) are pretty chill and analysts are able to have pretty decent social lives. Thoughts?

08 Dec 2020

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!

11 Sep 2018

Anyone have any experience with Houlihan Lokey's NY office? Culture / experience / dealflow / lifestyle, etc? Not worried about exit opps but just the office in general.

01 Jul 2018

I'm a 4th year M&A attorney at an elite law firm looking to pivot into investment banking. I'm interviewing for a post-MBA associate role in Houlihan's New York office in their Debt Capital Markets group. I'm expected to perform a modeling case study over a few hours in my next session. Anyone have any idea what type of case study it will be? I can't imagine it would be restructuring. I'm concerned whether it will be DCF or LBO and where I should focus my studies. Thanks!

20 Oct 2020

Register for UWFA's 9th Annual Stock Pitch Competition in partnership with BMO Capital Markets! The competition will be held through Zoom on Saturday, November 14th to Sunday, November 15th. If you are interested in participating, groups of 1-3 are encouraged to sign up before the registration deadline on Monday, November 2nd. Undergraduate students from all Canadian universities are welcome. See the event page and poster for some of the judges and panelists. Event Page: https://fb.me/e/4r8lqAxZF

19 Oct 2020

Hello friends! Based on what I have read, it seems like HL filled up spots for a few locations already. Chicago recruiting should start late summer/early fall. Please post any info you get regarding HL timeline/recruiting! Best of luck!

02 Jul 2018

Hey guys, There's very little information available online on Houlihan Lokey and their LA office, despite being headquartered there. I know their RX group is one of the best, but there is conflicting information on its culture and hours. So if any intern or monkey working on the west coast has any information, it would be great if you could share it here. Essentially looking for - 1) Group Breakdown (RX, CF, FAS) - What industry groups do they cover in CF? 2) Culture/Hours worked - Again have heard conflicting things on the CF groups in HLHZ. 3) Dealflow - Again I'm assuming RX is no1, but

08 Dec 2017

If you had to choose between the following two offers which one would you choose and why? Alvarez & Marsal Valuation Services - Sr. Assoc. - 20-25% year end bonus based off hours billed. EY TAS - Valuation & Business Modeling - Senior - 10% year end bonus, however EY is offering 10k more on the base salary A&M work is primarily focused on Alt. Investment Portfolio Valuations (HF, PE, Credit, Distressed) for quarterly and annual reporting purposes. There is some work regarding valuations of Complex Securities too. A&M is also viewed as more of a finance shop. While valuation is not the main

29 Nov 2019

Does anyone have any insight into the group? Culture / lifestyle / experience / reputation? Not looking for exit opps, this will be an experienced hire.

18 Jun 2018

Just curious on the drug test for summer analysts. Does anyone know when they usually are, or at least when they were last year. Start date is in June.

21 Jan 2019

Hi all - there has been a lot of talk on WSO about the deal flow and exit opps of top groups like RX, Consumer, and Industrials at Houlihan. Would you say that exit opps for the other groups (Business Services, Aerospace & Defense, Healthcare, TMT, etc) place just as well in PE funds / give as good deal experience?

29 Jan 2018

Any insight into Jefferies / Houlihan TMT in San Francisco? How do the two compare in terms of culture, deal flow, and exit opportunities? Are either / both generally respected in the TMT space? I know there's been some upheaval at Jefferies with several new MD's coming over from CS in the past year, but it sounds like their deal flow has been pretty solid.

17 Mar 2017

Aside from restructuring, are there any other groups (either industry or product) that are considered top notch?

06 Aug 2015

I am looking to learn a little bit more about the reputation of Houlihan's Chicago Restructuring team and how they compare in terms of size, and deals they do in comparison with other Houlihan offices and other top restructuring shops.

20 Apr 2020

I have an upcoming interview with HL for their technology group out in San Francisco and was wondering if I should be doing any industry (i.e. tech) specific preparation or if this will be like any other first round banking interview...?

16 Jan 2015

Hey guys, So I just finished up my cycle for SA recruiting and I have two offers to choose from: Guggenheim generalist and Houlihan Lokey for restructuring. What do you think is the better opportunity in terms of prestige/compensation/culture/intern offer rate/exit opps? The most important thing for me would be an opportunity to transition to HF/PE afterwards. I think HLHZ has the better rep but I don't really know much about restructuring, and feel as though it may limit my options going down the road. I liked everyone I met at both firms so I can't really come to a decision that way. I'm really having trouble deciding so I would appreciate your help. Thanks!

07 Feb 2015

Hey Peeps, What do you know about HL in Houston? I know they focus on O&G but which products? Is it mainly M&A, A&D, and Restructurings? Do they undertake any debt/equity underwritings? It appears they mainly focus on advisory work rather than capital markets. Besides, what edge do they have over peers? Thanks!

07 Feb 2018

Have a 1st round summer associate interview with HLHZ Restructuring soon and was wondering if anyone could provide any tips on what to expect (types of questions) and how to prepare (any specific guides/good books to check out)? Any help is appreciated

24 Jan 2015

I have an internship offer from the following: JP Morgan Global Wealth Management Houlihan Lokey corporate finance aka Ibanking KPMG Advisory (Forensics) I'm not sure which one to choose because of the following reasons: 1) Money 2) Hours 3) Prestige 4) Culture 5) Stability/Exit opportunity I want to make a high salary and have a prestigious position/company like everyone else but I also want to have a stable job and would hopefully not like to waste my twenties doing work and being sleep deprived. Basically, I'm not sure if I value money/prestige or time more. I also had questions about the following in respect to each company: 1) What are the hours actually like? 2) What is the culture actually like?

22 Feb 2015

Have an offer from both... which provides the best options for lateraling/exits? Thanks

26 Jan 2015

Anyone hear back yet?

14 Feb 2015

Hi everyone, Hope you can help answer some of my questions about FAS. I know HL FAS does tons of fairness, solvency opinion work along with goodwill impairment, PPA and it isn't as respected as Corp Fin and Restructuring. But, I'm wondering if there is a way to get any exposure to deals/M&A within FAS. Are there opportunities to work across teams that deal more with M&A type work? How difficult is it for an analyst in FAS to switch to their corp fin group? How is the compensation in terms of salary and year-end bonus? What are some of the exit opportunities? Would I have to switch to M&A before making it to a decent PE? Top 10 B-School opportunities from FAS?

16 Feb 2014

I am posting this on behalf of my bf. He has also left a thread. Hoping to get more responses this way. He has offers from EY TAS and HLHZ FAS for internships this upcoming summer, which will hopefully lead to full-time. The question is, which one to go with? Facts: - HLHZ pay is 5k more - The team at EY is a slightly better fit - Found a thread here with a similar question. Most people said HLHZ, but that was from 9 years ago, so kinda irrelevant Offer deadline is approaching in a couple days... so any advice would be appreciated!! Thanks!

18 Oct 2018

Please share your experience HL superday experience and I will throw SBs at you. I will appreciate any input of people who went through superday at HL especially for their M&A Industry Groups.

06 Oct 2013

Would love any insight on the following: Lazard SF (tech) vs. Houlihan LA (TMT) vs. BAML LA (generalist)

03 Sep 2015

I think that the topic describes it all. They are very strong in RX, but I am wondering how is their Corporate Finance practice. What are strong teams? They have been acquiring smaller boutique banks in the continental Europe and there seems to be a momentum.

20 Jan 2020

Which would you pick over Nomura or Houlihan Lokey for FT IBD? To put it simply wondering which one has greater prestige and would bestow better exit opps, both in London and the US.

21 Nov 2013

Can people who went through Houlihan Lokey FT Analyst superdays, especially for Healthcare and Industrials M&A groups, share their experience? How technical were the interviews? Was there a valuation/accounting test to take? What was the format? 6 x 30 minutes with Associates and VPs? Please share you experience with Houlihan Lokey recruiting especially at Chicago/Minneapolis/Dallas/NYC offices. I will shower best contributors with SBs.

30 Sep 2013

Wondering what the exit opportunities are at Houlihan Lokey Corp Fin in LA for a SA. Im looking to break into BB for full time. I am at a target school and was wondering if anyone had experience at or opinions of Houlihan Lokey LA Corp Finance SA program. Thanks.

27 Jan 2014

Hello, I am new to WSO but would really appreciate some advice. I have a summer internship offer from Houlihan in Chicago for corporate finance M&A as well as an offer from Lazard MM in Minneapolis for M&A. Houlihan has a focus on Healthcare, Industrials and Consumer, while Lazard focuses on Industrials, Food/Agr, and Consumer/Retail. I think I would prefer Chicago for a location, but really liked the people from both offices. I wanted more opinions on the reputation of both banks, how typical hours compare and most importantly the kind of exit opportunities that both present when looking into Hedge Funds, VC or PE? Appreciate the help!

30 Dec 2014

I have offers for full-time positions at the following three banks: Perella in San Francisco Houlihan Lokey RX in LA Citi M&A in LA I come from a West Coast semi-target and I'm looking to get into PE on the West Coast after a couple of years (Oaktree, H&F, Silver Lake, etc). Thanks

07 Oct 2012

Does anyone have any info on 2012 pay and bonuses for HL analysts and associates? Thanks in advance.

26 Dec 2012

Which one and why?

10 Dec 2014

I have read and heard a lot about Houlihan Lokey's culture and that they have the best culture on the street+everyone there seems very excited about working at this growing firm+cool people working there. However, I have also heard that some people are snobbish and that culture is like Lazard's-very competitive and antisocial. So was wondering what is really true and if they are really happy to work there because of the culture and people or because of their salary, which apparently is one of the highest at HL ;). And because of that they tend to get praise for their "culture"? Has anyone met people from Houlihan or can provide more information about the firm and mainly about its people/culture ?

04 Feb 2012

How has everyone's super day experience been so far? Have they been asking more technical or behavioral? Anyone had written exams during their super day? From what I've heard I'm expecting them to be a little less technical because of the super accelerated process. Just curious because I have a HL RX super day coming up in Minneapolis, so wanted to know what to expect. Thanks!

15 May 2018

Got a first rounder with HLHZ DC coming up for summer analyst. Anyone got any insight into what to expect or the office in particular? I know they do a lot of A&D work. It's for HLHZ's corporate finance division.

21 Jan 2012

Can anyone offer any insight on the culture, deal flow, hours and reputation of Houlhan Lokey's TMT practice in San Francisco?

09 Oct 2015

Hey I'm really interested in working for HL especially in their M&A sector (but I'll work for any bulge bracket or MM, in this industry you can't be very picky), I'm a rising sophomore who is going to being in a back office analyst position in the fall for MS (studied during the summer), and I was wondering where should I apply for internships at HL, I can't find anything on their site, besides just putting my resume in their database, I have no idea on where to apply. Do they do internships for individuals that will be becoming juniors or do they only do the usual summer analyst program before your senior year, and how would you apply for that.

28 Jul 2013

Hi All, Curious if anyone has had experience with HL in London, particularly their RX team. Mainly concerned about culture as I know their RX is top notch. I have heard some pretty bad things from glassdoor etc but wanted to know if anyone else had any first hand exp? Thanks, IS

06 Nov 2019