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Houlihan Lokey Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Houlihan Lokey, including base salary, bonuses, and total compensation at every level.
$105,000
$NaN - $NaN
$NaN - $NaN
Analyst Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $105,000 | $NaN - $NaN | $NaN - $NaN |
| Analyst 2 | $120,000 | $NaN - $NaN | $NaN - $NaN |
| Analyst 3 | $130,000 | $NaN - $NaN | $NaN - $NaN |
* Stub bonus of $NaN - $NaN may apply for analysts starting mid-year.
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $165,000 | $NaN - $NaN | $NaN - $NaN |
| Associate 2 | $180,000 | $NaN - $NaN | $NaN - $NaN |
How HL Compares
Houlihan Lokey pays in the middle of the middle market tier, below Jefferies and RBC Capital Markets but competitive with Piper Sandler and William Blair. The firm's restructuring focus provides countercyclical compensation stability.
Benefits & Perks
Meals & Transportation
Dinner expense reimbursement for late nights, car service after 9pm on weekdays
HL Compensation Overview
Houlihan Lokey's compensation reflects its position as the world's largest restructuring and financial advisory firm with a distinct business model emphasizing valuation, financial restructuring, and strategic M&A. The firm operates on a more transparent, meritocratic compensation system than traditional investment banks, with pay tied to group profitability and individual performance. Analysts in the restructuring group often see stronger bonuses during distressed market cycles, while M&A advisory pay fluctuates with deal activity. HL's public company status provides more predictable compensation structures and clear promotion timelines. The firm's focus on technical valuation work and complex restructuring creates skill development opportunities that translate to strong exit opportunities, though base compensation tends to be slightly below top-tier middle market peers.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Houlihan Lokey?
First-year analysts at Houlihan Lokey earn a base salary of $105,000 with a year-end bonus of $NaN - $NaN, bringing total compensation to approximately $NaN - $NaN.
How do HL bonuses compare to other Middle Market banks?
Houlihan Lokey pays in the middle of the middle market tier, below Jefferies and RBC Capital Markets but competitive with Piper Sandler and William Blair. The firm's restructuring focus provides countercyclical compensation stability.
Does Houlihan Lokey pay overtime?
Yes, Houlihan Lokey does pay overtime to eligible analysts, which can meaningfully increase total compensation.