Houlihan Lokey Investment Banking Analyst interview experience

I was asked a total of 18 questions and interviewed with two analysts, which made it feel like a technical screen designed to measure whether I could handle the fundamentals consistently. The topics leaned into valuation methods—things like DCFs and three-statement modeling—so I had to talk clearly and not just “know the names.”

After that, the process shifted into a more conversational senior conversation. I moved to a round with a senior banker that wasn’t as tightly scripted, and it felt more about seeing how I thought and how comfortable I was explaining the same finance concepts in a