Business Unit:

Financial And Valuation Advisory

Industry:

Portfolio Valuation

Overview

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

Financial and Valuation Advisory

Over the past 50+ years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business owners we serve. In 2025, LSEG ranked us the No. 1 global M&A fairness opinion advisor over the past 25 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Fund Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices.

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Qualifications

Bachelor’s degree in Finance, Accounting, Data Analytics, Financial Engineering, Mathematics, or similar majors with a graduation date between December 2026 and June 2027
Must be able to start July 2027
Strong analytical abilities.
Excellent understanding of financial statements analysis with the ability to work through key assumptions, implicit caveats, and limitations.
A fundamental understanding of financial valuation theory, methodologies, and applications.
Strong knowledge of Excel modeling, including integrated cash flow modeling.
Excellent verbal and written communication skills.
Demonstrated ability to work cooperatively with team members.
An exceptional work ethic.

Overview

Houlihan Lokey’s PV practice is well-recognized and regarded in the alternative asset valuation community. In 2022, the PV Practice received the HFM US Hedge Fund Services Awards in which Houlihan Lokey was named “Best Valuations Firm for Hard to Value Assets,” its sixth time receiving this award and fifth consecutive win. We also received this same honor in Europe in 2023 for the fourth consecutive time. Houlihan Lokey has also received the HFM Asia Hedge Fund Services Award for “Best Valuation Firm,” for the third consecutive time underscoring the outstanding valuation services the firm provides its hedge fund clients around the world.

Within our PV practice, our clients include many of the world’s largest hedge funds, private equity funds, direct lending funds, business development companies, among other asset managers, and we advise them on the valuations of illiquid debt, equity and complex securities in order to meet their investor and regulatory financial reporting requirements. Our market-leading practice has a strong reputation with regulators, auditors, and investors and we rapidly mobilize the right team for the job, drawing on our expertise in a wide variety of asset classes and industries, along with our firm’s real-world transaction experience and market knowledge.

Financial Analysts within our PV practice are fully integrated members of our engagement teams. You will work with a dedicated, highly talented staff of professionals who will give you broad exposure to many issues and concerns affecting businesses today.

Responsibilities

We offer a unique opportunity to work on a wealth of projects that provide exposure to various financial and valuation advisory challenges, including the valuation of complex businesses, securities, and transaction structures. As a Financial Analyst, you will research and analyze financial markets data, financial statements, industry conditions and developments, acquisitions and divestitures, and various investment attributes of publicly traded and privately held securities. You will also have an opportunity to develop complex financial models, draft client deliverables, participate in presenting analyses and conclusions, interact with clients on active engagements, and participate in the firm’s marketing efforts. Responsibilities of a Financial Analyst include the following:

Supporting FVA portfolio valuation teams, which provide valuations of illiquid debt and equity securities held by hedge funds, private equity funds, and business development companies in connection with fair value reporting of the funds’ assets to investors;
Performing financial statement analysis and other quantitative and qualitative assessments;
Reviewing client investment memoranda, board of directors’ presentations, specific debt and equity agreements, and financial models to develop an understanding of the company or securities being analyzed;
Compiling statistical summaries of companies’ financial information, developing and computing financial ratios, and presenting the analyses in an organized manner and/or using our standard formats and presentations;
Reviewing and compiling published financial information, such as public company filings, press releases, reports from published research analysts, and Bloomberg data across a wide range of industries and sectors;
Identifying relevant comparable public companies and M&A transactions within parameters established by FVA project teams, based upon information services such as S&P Capital IQ and Bloomberg, along with knowledge of the appropriate Standard Industrial Classification and other methods, as appropriate;
Constructing and reviewing valuation and other financial analyses, including the guideline public companies, guideline precedent transactions, and discounted cash flow analyses, using Houlihan Lokey proprietary models;
Researching and providing information on (a) general economic conditions, (b) industry-specific conditions and trends, (c) acquisitions and divestitures within specific industries, and (d) various investment attributes of publicly traded and privately held securities;
Participating in telephonic and in-person due diligence meetings/discussions, communicating with clients and responding to auditor questions regarding valuation analyses prepared by Houlihan Lokey;
Designing and drafting client deliverables;
Assisting in the preparation of fee proposals to clients, including scoping discussions, pitch materials, and internal engagement pricing committee memoranda;
Performing other ad-hoc research, analytics, and support for the FVA project teams as required;
Coordinating with internal administrative support teams to prepare engagement invoices, working paper files, and other compliance/end-of-engagement close out procedures;
Participating in discussions with in-house and outside legal counsel as required; and
Assisting with marketing initiatives for prospective and existing clients.

Compensation and Benefits

Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm’s good faith and reasonable estimate of the possible salary range for this role at the time of posting is:

$80,000 - $95,000

Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate’s relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled.

Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here:

2026 Benefits

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.

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About the company

Houlihan Lokey provides advisory services in mergers and acquisitions, capital markets, financial restructuring, and valuation for clients globally. It operates through three main lines: Corporate Finance (M&A and capital markets advisory), Financial Restructuring (advising debtors and creditors in distressed situations), and Financial and Valuation Advisory (valuations and fairness opinions). The firm earns fees for advisory work rather than underwriting and emphasizes independent, specialized guidance with deep expertise in complex restructurings and valuations, supported by a broad global footprint. Its goal is to help clients maximize value and make sound financial decisions through objective, rigorous advice on mergers, financing, restructurings, and valuations.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Los Angeles, California

Founded

1972

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Simplify's Take

What believers are saying

May 6, 2026 results showed 14% Corporate Finance and 8% FVA growth.
September 2026 hires added Chris McMillan, Mayra Fregonesi, and Prabha Bhandari.
Dividend rose 16.7% to $0.70, and July 2026 buybacks continued.

What critics are saying

Q1 fiscal 2027 revenue fell 16% to $511 million on July 29, 2026.
Corporate Finance dropped 24% after Middle East instability and software-sector disruption.
Boutique rivals poach rainmakers; digital-assets and Latin America hires signal defensive talent chasing.

What makes Houlihan Lokey unique

Houlihan Lokey posted record $2.62 billion fiscal 2026 revenue on May 6, 2026.
Its three-line model spans M&A, restructuring, and valuation advisory across cycles.
Recent hires in FinTech, Latin America, and legal deepen specialized global coverage.

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Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Remote Work Options

Company News

Wall St Mavens

Oct 17th, 2026

Perella Weinberg lost a fifth of its value in one day. Is $13 a gift or a warning?

Perella Weinberg lost a fifth of its value in one day. Is $13 a gift or a warning? The stock market delivered a blunt verdict on October 14. Perella Weinberg Partners (PWP) closed down 19.1% at $13.02. Piper Sandler (PIPR) edged up 0.96% to $64.48. One number tells you everything about how investors read the abandoned deal. Why this stock now. Piper Sandler and Perella Weinberg abandoned talks for an all-stock merger after failing to agree on financial and personnel terms, as Reuters reported. The Wall Street Journal had reported on September 29, 2026 that Piper Sandler was in talks to buy Perella Weinberg, which it said had a market value of about $1.4 billion at the time. The question worth asking today: did the selloff create an opportunity, or is the market correctly reassessing a firm whose value walks out the door in a briefcase every evening? The business. Perella Weinberg operates as an advisory firm providing strategic and financial advisory services to large public multinationals, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees, and government institutions. It has no trading desk, no lending balance sheet, no asset management flywheel. Substantially all of its revenue is derived from advisory fees, including fees that are largely contingent upon the completion of transactions. That model produces enormous operating leverage when deals close, and brutal revenue volatility when they do not. Why Wall Street is paying attention. The merger collapse is not the only reason to look at PWP right now. The boutique M&A sector is genuinely recovering. Houlihan Lokey generated quarterly revenue of $717 million in its third fiscal quarter of 2026, an 18% increase year over year, and Moelis reported full-year 2025 revenue of $1.536 billion, up 28% from 2024. PWP has not kept pace. Perella Weinberg's full-year 2025 revenues came in at $750.9 million, a decrease of 14% compared to a record $878.0 million in 2024, with the decline driven primarily by fewer and smaller M&A transactions. The client count fell too: the firm served 187 advisory clients in 2025, down from 221 in 2024. Peers caught the deal wave. PWP largely missed it. What's driving the potential opportunity. At $13, the stock trades near its 52-week low and well below the analyst consensus. The average 12-month analyst price target sits around $21.6. That gap is significant, even after discounting for how widely analysts misjudged PWP through 2025. The balance sheet is a genuine asset. The firm ended 2025 with about $257 million in cash and short-term investments and no long-term debt. Management described 2025 as a year of strategic talent investment, and added 12 new partners while acquiring Devon Park Advisors in 2025 to establish a private funds advisory platform that includes GP-led secondaries capabilities. If M&A volume continues to recover through 2026 and into 2027, a larger, better-staffed PWP should generate more revenue per deal cycle than the version that underperformed in 2025. What could go wrong. The failed merger crystallized a structural concern that predates October 14. Pure advisory boutiques are only as durable as the partners who generate the mandates. PWP acknowledges in its own filings that it may lose clients as a result of changes in a client's senior management, competition from other advisors, and other causes. Firms like Houlihan Lokey and Moelis have spent a decade building institutional brand recognition that reduces dependence on any single banker. PWP, with about 700 employees and 75 advisory partners globally, remains a firm where personnel terms can kill a $6 billion merger. PWP's dividend payout ratio stands at over 107%, raising questions about sustainability if revenue disappoints again. Keefe Bruyette lowered its price target on PWP to $19 from $21 on October 8, 2026, before the deal news hit. The bottom line. PWP at $13 is not a straightforward buy. It is a high-conviction bet that the broader M&A recovery finally reaches a firm that has lagged its peers, staffed up for a better environment, and now trades near a 52-week low after a deal collapse that revealed as much about Piper Sandler's need for scale as it did about PWP's vulnerabilities. The risk is real: a fee-only model with a stretched dividend and a partner-dependent client base demands that the deal cycle cooperates. If it does, the spread between $13 and a roughly $21.6 consensus target is worth the discomfort. If it does not, the 52-week low of $12.52 is closer than it looks.

The Middle Market

Oct 5th, 2026

Nova Capital Acquires BMP Group and RB Medical from Andrew Industries

Nova Capital acquires BMP Group and RB Medical from Andrew Industries. Nova Capital Management, a private equity firm focused on industrial and specialized manufacturing businesses, has acquired BMP Group and RB Medical from Andrew Industries. The acquired companies will retain their existing management structures, while Nova plans to provide strategic, financial and operational support aimed at investment, operational improvement, product development and growth. BMP Group manufactures industrial consumable parts and sub-assemblies for applications spanning office automation, filtration, automotive, domestic appliances, sustainable tree protection and renewable energy. RB Medical is a specialized healthcare products business serving the U.K. medical sector. Nova plans to work with the existing management teams on strategy, performance and investment, with Omiros Millas, a partner at Nova, and Carl Francis, a Nova operating partner, jointly responsible for BMP Group and RB Medical on the firm's behalf. The acquisition expands Nova's portfolio of specialized industrial and manufacturing businesses, while Andrew Industries exits its ownership of the companies. William Blair Appoints Emanuela Branchetti to Expand Biopharma Investment Banking Team Branchetti joins from Truist Securities, where she served as managing director and head of scientific affairs. To read the entire story, you must be logged in. Gridiron Capital Invests in Lawn Care Franchisor Weed Man Weed Man provides residential lawn care programs centered on fertilization and weed control, along with additional lawn care services. To read the entire story, you must be logged in. Houlihan Lokey Adds Jane Ma as Managing Director in Financial Services Group Ma joins the global investment bank after 16 years at Moelis. To read the entire story, you must be logged in. FVLCRUM Funds Purchases Fidelity Technology Services Fidelity Technology Services is a provider of military simulation training systems and services. To read the entire story, you must be logged in.

GlobeNewswire

Oct 1st, 2026

FTI Consulting expands UK Turnaround & Restructuring capabilities with four Senior hires.

FTI Consulting expands UK Turnaround & Restructuring capabilities with four Senior hires. Appointments strengthen support for clients facing financial distress, liquidity challenges and complex transactions. LONDON and LEEDS, United Kingdom, Oct. 01, 2026 (GLOBE NEWSWIRE) - FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of James Bulloss, Kasey Lin, Theo Kitsanelis and Matthew Mansell-Ahmed as Managing Directors within the firm's Corporate Finance segment, further strengthening its Turnaround & Restructuring capabilities across the UK. "When businesses face financial pressure, disruption or uncertainty, getting the right advice at the right time can make a real difference to the outcome," said Matt Callaghan, Head of UK Turnaround & Restructuring at FTI Consulting. "Our reputation in restructuring and insolvency is built on deep technical expertise and a pragmatic, commercial approach that helps clients achieve the best possible result. James, Kasey, Theo and Matthew bring complementary expertise across turnaround, restructuring and restructuring tax. Their arrival adds further depth to our teams in London and Leeds, enabling us to deploy an even broader range of experts on mandates across the UK." Mr. Bulloss, who is based in Leeds, joins FTI Consulting from PwC, where he was a Director in the Business Restructuring practice. He brings more than 18 years of experience advising on restructurings, insolvencies and distressed M&A transactions across a range of industries. In his role at FTI Consulting, he will support corporations, private lenders and financial institutions at every stage of the distress cycle, from early-stage financial reviews and value protection strategies to distressed M&A, investments and formal insolvencies. Ms. Lin, who is based in London, previously was a Vice President in the Financial Restructuring practice at Houlihan Lokey. She brings expertise in cross-border restructurings and distressed situations across a variety of sectors, including real estate, telecoms, healthcare and retail. In her role at FTI Consulting, Ms. Lin will provide capital structure analysis and advise debtors and creditors on restructurings, liability management transactions and distressed M&A. Mr. Kitsanelis, who is based in London, was most recently a Senior Vice President at Seabury Capital. He brings deep expertise in the global aviation sector, having guided airlines and key stakeholders through complex restructurings and corporate transactions. At FTI Consulting, he will join the Aviation practice, where he will draw on his experience in high-stakes engagements to advise clients on strategic initiatives and distressed situations. Mr. Mansell-Ahmed, who is based in London, formerly was an Associate Director in the Financial Advisory practice at Teneo. His expertise includes tax due diligence and structuring advice for restructurings, refinancings and insolvencies. In his role at FTI Consulting, Mr. Mansell-Ahmed will provide tax planning support across a range of situations and transactions to optimise business decisions and investments. These appointments are part of FTI Consulting's continued investment in its Turnaround & Restructuring practice across the UK, complementing the recent additions of Chris Hawes in London and Matt McErlane and Emma Lister in Leeds. Together with the opening of FTI Consulting's Leeds office in June and its established team in Manchester, they enhance the firm's ability to support clients managing financial stress or distress nationwide. About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of June 30, 2026. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com. FTI Consulting, Inc. 200 Aldersgate Aldersgate Street London, EC1A 4HD

FinTech Global

Sep 29th, 2026

Houlihan Lokey expands digital assets expertise with new FinTech MD.

Houlihan Lokey expands digital assets expertise with new FinTech MD. September 29, 2026 Houlihan Lokey, the global investment bank, has strengthened its FinTech advisory capabilities with the appointment of Chris McMillan as a managing director focused on digital assets. McMillan joins the firm's FinTech Group from 3V Capital Partners, the boutique advisory firm he founded to work with technology companies on M&A, capital markets and strategic matters. His work has focused on blockchain and digital assets, as well as AI infrastructure and software. The appointment brings further blockchain expertise to Houlihan Lokey as financial institutions explore how the technology can be incorporated into products and services. McMillan previously served as head of blockchain and co-head of internet investment banking at Credit Suisse. He brings experience spanning M&A, capital markets and strategic advisory to his new role. Based in Charlotte, North Carolina, McMillan will work across Houlihan Lokey's FinTech and Financial Services banking teams, advising clients on opportunities within the digital assets sector. The firm's FinTech Group has close to 40 finance professionals covering the global FinTech market, with expertise spanning technology and financial services. Houlihan Lokey said its bankers combine sector-specific knowledge with senior advisory experience across individual FinTech verticals. The firm was named the leading M&A advisor for global FinTech transactions in 2025 by PitchBook, according to Houlihan Lokey. Alec Ellison, global head of Houlihan Lokey's FinTech Group, said McMillan's knowledge of the digital assets ecosystem and relationships across the blockchain sector would strengthen the firm's advisory capabilities. McMillan said he would work with the firm's FinTech team to help clients navigate strategic opportunities in digital assets. Houlihan Lokey provides M&A, capital solutions, financial restructuring, and financial and valuation advisory services to corporations, financial sponsors and governments. Enjoying the stories? Investors. The following investor(s) were tagged in this article.

Global Legal Post

Sep 24th, 2026

Investment bank Houlihan Lokey hires Paychex CLO as next legal chief.

Investment bank Houlihan Lokey hires Paychex CLO as next legal chief. Prabha Sip Bhandari replaces Christopher Crain after more than 20 years as company's GC 24 September 2026 US investment bank Houlihan Lokey has hired Prabha Sip Bhandari as chief legal officer, succeeding general counsel Christopher Crain who is stepping down after more than two decades in the role. Bhandari joins from HR and payroll tech business Paychex, where she was CLO and chief ethics officer. At Houlihan Lokey, she will oversee all legal and compliance activities for the organisation globally and serve as corporate secretary. New York-based Houlihan Lokey provides investment banking services to companies, financial sponsors and governments. Scott Adelson, CEO of Houlihan Lokey, said: "[Bhandari] is a seasoned executive who brings deep experience in M&A, corporate governance and legal and regulatory matters at a number of world-class financial institutions and public companies, making her the ideal choice to lead our legal and compliance functions as we continue to grow our business globally." Advertisement Bhandari spent just over two years at Paychex, having previously been deputy GC at insurance giant AIG. She also had a spell as principal deputy GC at Freddie Mac following 13 years at Deutsche Bank in New York, latterly as GC for Deutsche Bank Securities. Her first in-house role was as associate GC at Viacom after working in private practice at Davis Polk & Wardwell. She started her legal career clerking in the US Court of Appeals for the Fifth Circuit. Bhandari said: "I have long admired Houlihan Lokey's collaborative culture and exceptional market reputation, which is grounded in client dedication, integrity and intellectual rigour." She added: "I look forward to working closely with the leadership team and our talented banking, legal and compliance professionals worldwide to support our strategic priorities and navigate an increasingly complex global landscape." LAW OVER BORDERS COMPARATIVE GUIDES Environmental, Social & Governance Law Guide This second edition, written by leading ESG legal specialists, provides an up-to-date jurisdictional... | 1yr. Crain, meanwhile, is moving to a corporate senior adviser role, where he will support the transition and also provide advice to senior management on non-legal matters. Adelson said: "I want to extend our deepest gratitude to Christopher for his outstanding commitment and more than two decades of service to the firm. His leadership and counsel have been invaluable, and we are very pleased that he will continue to contribute his expertise as a senior adviser." In other recent in-house financial services appointments, earlier this month Chicago-based derivatives marketplace CME Group promoted John Marchese to GC, replacing Jonathan Marcus in the role.

Houlihan Lokey

Financial Analyst - Portfolio Valuation and Fund Advisory Services

About the job