I worked at Houlihan Lokey full-time (More than a year)
Tremendous exposure to clients at the analyst level
Hands-on, soup-to-nuts experience means a lot of work but also translates to significant learning experiences
Compensation was at street for top performers. Considering typical work week, compensation/lifestyle mix was great
Lots of responsibility and real trust from senior bankers
Great team environment. Trademark banking attitudes largely nonexistant in the office
Group culture in my specific group (Business Services/TMT/A&D) was great
Seniors genuinely cared about your personal life, tried to accommodate life events as best as possible
Reputation not as favorable as one would hope
Depending on group, openness to buyside recruiting can be a crap shoot
Lower middle-market nature of clients can translate to a significant volume of work
High volume of deals coming through with limited resources a recipe for sleep deprivation
Low thresholds for bringing in clients. Can translate to analysts working 4-5 hours a day on low-probability deals where the return profile is marginal and often negative
Retention of non-revenue producing Directors is too high. Some directors in group have brought in $0 in revenue yet remain on the books and take on hail-mary clients that rarely produce revenue
Advice to Management
Do a better job at screening deals. Any deal is not better than no deals
Continue giving junior bankers career clarity
Make sure that analysts looking to move to the buyside are given ample opportunity to recruit. Some MDs will treat analysts differently when they are aware the analyst wants to move to the buyside. In banking, this is inexcusable.
Overall however, Houlihan Lokey is a great place to start a career in banking. Good job, management.
The process took 4 weeks. I interviewed at Houlihan Lokey.
I had two calls both of which were behavioral interviews with one technical question. They wanted to get to know me better and wanted to see what my long-term goal was.