
Houlihan Lokey Financial Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 70 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at Houlihan Lokey.
Financial Analyst
Had a 45-minute phone interview with 2 Associates about personal fit, my CV, my interest and understanding of Financial Restructuring, and some initial technical questions in Accounting and Corporate Finance. Then, an onsite interview with 5 people from the team, which involved very technical interviews on Accounting, Corporate Finance, Valuation, Credit, Bond Math, and Options. There was also a brainteaser.
- What is Financial Restructuring and which companies does Houlihan Lokey work with?
Financial Analyst
It was a timed modeling test as the first round, and then a couple of interview rounds with the team. The first round was a timed modeling test, followed by a couple of interview rounds with the team. It started with a timed modeling test, and then there were a few interview rounds with the team.
- What are the basic valuation methods?
- Can you tell me about yourself and your experience? (behavioral)
Corporate Finance Intern
The interview process was quite fast-paced, with the first round, a written case, and an assessment center happening back-to-back. I finished all the interviews within two weeks and got to meet almost everyone on the team. The overall interview process was nice and not too stressful.
- Can you tell me about your CV?
- Can you tell me about your tech CV?
- Tell me about your experience with M&A.
Houlihan Lokey Financial Analyst Interview Questions
Quoted word for word from Houlihan Lokey interview reports.
“What components are used in the WACC calculation and how are those values determined?”
Read reports →“What is the impact of a 10% increase in depreciation?”
Read reports →“What is the difference between a company that has a high beta vs. a company with low beta?”
Read reports →“Regarding the first year's depreciation calculation, if there was an overcalculation of 50, how would you make adjustments in the second year?”
Read reports →“Can you explain the impact of restricted cash on the cash flow statement?”
Read report →“What is the implication of holding a long position in a senior tranche of a CDO?”
Read report →“Given a scenario where a company purchases a plant for $10 million, financed by 60% debt and 40% common stock, and subject to a 50% tax rate and straight-line depreciation, please detail the effect on each of the three financial statements – specifically how, where, and the extent of the impact.”
Read report →“Could you explain bond math, specifically calculating yield given a trading price, coupon rate, and assuming a price of 95?”
Read report →“Among the valuation methods, which one typically results in the highest valuation?”
Read report →Formats, difficulty and experience
Across all 70 Houlihan Lokey interview reports.