Houlihan Lokey Reviews | Glassdoor

Houlihan Lokey Reviews

Updated April 26, 2017
101 reviews

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3.4
Star Star Star Star Star
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Houlihan Lokey Co-CEO Scott Beiser
Scott Beiser
38 Ratings

101 Employee Reviews

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Pros
  • smart people and good deal flow (in 14 reviews)

  • Decent work/life balance for iBanking (in 5 reviews)

Cons
  • The work life balance can be poor, as is common in the industry (in 8 reviews)

  • Long hours and lot of turnover at lower levels (in 13 reviews)

More Pros and Cons

  1. "Evolving Post IPO"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate IV in Los Angeles, CA
    Current Employee - Associate IV in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Houlihan Lokey full-time (More than a year)

    Pros

    Interesting middle market clients and large office if one desires to be based in Los Angeles. Historically pay in line with street.

    Cons

    Pay has slipped in recent years given amount of workload. Some corporate finance industry groups are having difficulties and this is directly impacting mid to junior level employees.


  2. "Investment Banking Analyst - Los Angeles"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in Los Angeles, CA
    Former Employee - Investment Banking Analyst in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Houlihan Lokey full-time (More than a year)

    Pros

    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

    Cons

    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.


  3. "Great company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Administrative Assistant in Los Angeles, CA
    Former Employee - Senior Administrative Assistant in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Houlihan Lokey full-time (Less than a year)

    Pros

    Free food, the health insurance is great, fun people to work with. Many team bonding activities. Great place to get your foot in the door of the financial world

    Cons

    Working for a MD who is very disrespectful and when brought to upper managements attention they did nothing to reprimand him. I would have loved to still be at this company working for someone else.

    Advice to Management

    Listen to people la concerns. You lose good workers by not doing so and leave the company susceptible to lawsuits.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Great Culture, but It's Still Investment Banking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in Chicago, IL
    Current Employee - Investment Banking Analyst in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Houlihan Lokey full-time (More than a year)

    Pros

    Collegial culture, significant responsibility given to junior bankers, great compensation and benefits package

    Cons

    Long, uncertain hours, frequent work on weekends and holidays, limited

    Advice to Management

    Set more reasonable expectations, avoid assigning unnecessary work


  6. "A steadfast company that continues to improve, but slowly"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Manager in Los Angeles, CA
    Current Employee - Marketing Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Houlihan Lokey full-time (More than 3 years)

    Pros

    Culture continues to be on an improving trajectory.
    Encourages employees to be involved in community charities.
    Real commitment to overall physical health of employees.
    Has steadily improved business almost every year.

    Cons

    Separation of Church and State between financial staff and corporate staff is palpable. Company continues to foster an attitude that corporate staff are less valuable.
    Occasional staff cuts have not been well organized or implemented.
    Instead of bragging about recent excellence in healthcare coverage they offer employees, they decided to make employees pay more to be "closer to the average, but still above"

    Advice to Management

    Better incentives for corporate staff to excel and improve profitability could yield more than you may think.


  7. "TMT Group"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Houlihan Lokey full-time (More than 3 years)

    Pros

    Got the opportunity to increase my network.

    Cons

    It's an investment bank, meaning a mercenary "eat what you kill" atmosphere.


  8. Helpful (6)

    "Run...Run away as fast as you can"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Houlihan Lokey full-time (More than a year)

    Pros

    * Great office location
    * Free food, drinks, and snacks
    * Very clean, modern, and new office.
    * Some of the corporate staff is nice.

    Cons

    * By far the worst company/ bank I have ever worked for. *. Poorly mismanaged on the corporate side. I have never seen so many incompetent people in high level corporate positions.
    * technology is a JOKE.... The IT staff is useless and not helpful when issues come up.
    * Leadership is so absent from day-to-day that it's embarrassing and shows that they lack the basic understanding of what they should know for their position.
    * Morale is low.... Everyone in my department is looking for new jobs.
    * turnover at HL is a major issue that no one is willing to address.

    Advice to Management

    Fire everyone in Human Capital Management and start over.


  9. "Sweat Shop with Little Recognition"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisory Services in Los Angeles, CA
    Former Employee - Financial Advisory Services in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Houlihan Lokey full-time (Less than a year)

    Pros

    High volume of work so you learn a lot fast. High profile engagements and some smart people at the company with lots of experience.

    Cons

    Absolutely harsh leadership style tolerated all the way from the top. You're "chained" to your desk and not treated like a typical professional. Pay is not that good on an hourly basis since 100 hour weeks are normal.

    Advice to Management

    Care about your employees more and they will pay it back while they're there and after they leave in the form of referrals...


  10. Helpful (1)

    "Associate"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at Houlihan Lokey full-time (More than 5 years)

    Pros

    Cross-functional synergy
    Unique advisory-focused platform
    Strong presence across three product lines

    Cons

    Different service lines perform well at different times - contributes to balance but sometimes a factor in relative clout

    Advice to Management

    Continue to build cross-functionality across three service lines


  11. "Strongly Advise Candidates to Look Elsewhere"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good transaction experience, no shortage of deal flow
    At or above street pay

    Cons

    Losing ground to HW & WB
    Understaffed & high turnover, in particular consumer and healthcare M&A

    Advice to Management

    Practice what you preach. Verticals are so siloed with no corporate oversight to improve on institutional problems.


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