Expect the standard investment banking technical questions, but Houlihan Lokey interviewers often care more about qualitative understanding than formula recall. You should be able to explain why a valuation method works, identify its limitations, and connect the analysis to a client’s decision.
Prepare with the firm’s advice-focused business model in mind. Houlihan Lokey operates across Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. It is particularly recognized for middle-market M&A and restructuring, while its valuation practice provides another point of differentiation from many investment banks.