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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

2.9 Rounds average
Average Typical difficulty
67.1% Positive experience

Candidate interview experiences

First-hand accounts from people who interviewed at Houlihan Lokey.

Showing 3 of 70
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Houlihan Lokey

Financial Analyst

Finance · a year ago

Entry Difficult Positive experience Accept offer 2 rounds
Interview process
Recruiter call Onsite
Interview formats
Behavioral Technical Case

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.

Confirmed questions1 question
  • What is Financial Restructuring and which companies does Houlihan Lokey work with?
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Houlihan Lokey

Financial Analyst

Finance · a year ago

Mid Average Neutral experience Accept offer 3 rounds
Interview process
Technical screen Technical screen Technical screen
Interview formats
Technical Behavioral

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.

Confirmed questions2 questions
  • What are the basic valuation methods?
  • Can you tell me about yourself and your experience? (behavioral)
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Houlihan Lokey

Corporate Finance Intern

Finance · more than a year ago

Intern Average Positive experience Accept offer 3 rounds
Interview process
Recruiter call Technical screen Take home Group Presentation
Interview formats
Technical Case Group Presentation Behavioral

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.

Confirmed questions4 questions
  • 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?

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What is the difference between a company that has a high beta vs. a company with low beta?

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Regarding the first year's depreciation calculation, if there was an overcalculation of 50, how would you make adjustments in the second year?

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Can you explain the impact of restricted cash on the cash flow statement?

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What is the implication of holding a long position in a senior tranche of a CDO?

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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.

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Could you explain bond math, specifically calculating yield given a trading price, coupon rate, and assuming a price of 95?

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Among the valuation methods, which one typically results in the highest valuation?

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Formats, difficulty and experience

Across all 70 Houlihan Lokey interview reports.

Interview formats

Technical 40.5%
Behavioral 39.2%
Case 9.5%
Presentation 3.2%
Group 3.2%

Interview difficulty

Easy 11.4%
Average 51.4%
Difficult 37.1%

Candidate experience

Neutral 25.7%
Positive 67.1%
Negative 7.1%