Houlihan Lokey Investment Banking Analyst interview experience

We covered the standard openings—“tell me about yourself” and why investment banking or the restructuring group—but the bulk of the conversation shifted into valuation and accounting fundamentals.

I remember getting pulled into questions like how to value a company and which approach would make sense, plus what can go wrong when using comparable transactions from long ago. They also tested balance-sheet basics pretty thoroughly, including formulas like EV and what happens to equity as EV moves. There were also scenario-style questions involving bankruptcy and how creditors fit together,