Preparing for Houlihan Lokey? Practice with Real Questions
Master the technical and behavioral questions to land the internship offer.
Houlihan Lokey Summer Analyst Internship
Everything you need to know about the HL summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
$2,020/week
10 weeks
~70-82%
Internship Compensation
Weekly Pay
$2,020
Annualized Salary
$105,040
Housing Stipend
$6,000
Relocation
Up to $1,500 for domestic relocation
Meals: Dinner expense coverage when working late
Transport: Car service for late nights after 9pm
Recruiting Timeline
Applications Open
August-September (year before)
HireVue Deadline
October
First Round Interviews
September-November
Superdays
October-December
Offers Extended
November-January
Application Tips
- Demonstrate strong technical and modeling skills, especially valuation
- Research HL's three business segments: FAS, FRG, Corporate Finance
- Prepare for detailed technical questions on DCF, comparable company analysis, and precedent transactions
- Highlight interest in restructuring or distressed situations if relevant
What to Expect
Houlihan Lokey's summer program provides unique exposure to financial advisory services, financial restructuring, and corporate finance M&A across the firm's specialized platform. Interns gain deep technical skills in valuation methodologies, distressed analysis, and complex capital structure work. The program includes comprehensive training on ASC 820 fair value standards and restructuring processes. Class sizes vary by office (30-50 total), with interns staffed across the firm's three main business segments. HL's culture emphasizes technical rigor and analytical depth, attracting candidates passionate about valuation and complex financial analysis. Strong performers receive return offers with flexibility to choose their full-time group placement based on performance and interest.
Intern Perks
- Valuation and restructuring technical training
- Exposure to all three business segments
- Group rotation opportunities
- ASC 820 fair value training
- Mentorship from valuation experts
Frequently Asked Questions
How much do HL summer analysts make?
Houlihan Lokey summer analysts earn $2,020 per week, which annualizes to approximately $105,040. The program typically runs for 10 weeks.
What is the HL intern conversion rate?
The conversion rate for Houlihan Lokey summer analysts to full-time offers is approximately ~70-82%. Final week of internship.
When should I apply to Houlihan Lokey?
Applications for the Houlihan Lokey Investment Banking Summer Analyst Program typically open August-September (year before). First round interviews are held September-November, with Superdays October-December.