Houlihan Lokey Internship Assessment

Houlihan Lokey is one of the top world-recognised investment banks. They serve a wide range of clients from large corporations to governments, and offer unique opportunities for anyone interested in investment banking.

Currently, two Houlihan Lokey internships attract students globally. If you are interested in applying, ensuring you are well prepared for the assessments is crucial to succeed in the process. JobTestPrep offers a full comprehensive PrepPack with all the material you need to ace the tests, including:

  • Checking Accuracy tests — With multiple practice questions to help you improve your answering method.
  • Logical Reasoning tests and tutorials — That include comprehensive guides and explanations.
  • Number Series practice tests — 100+ questions to practice as much as you need.
  • Personality test guide and sample tests — To guide you through correct answering strategies.
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Checking and Accuracy Tests

  • 20 practice sample questions

Logical Reasoning

  • Introduction to Formal Logic tutorial
  • Logic-based reasoning practice tests

Number Series

  • 10 practice tests
  • Questions to practice at all difficulty levels

Personality Assessment

  • Personality test guide
  • 3 sample personality tests

What Is Houlihan Lokey?

Houlihan Lokey is a leading global investment bank that specializes in helping companies navigate complex financial situations. Founded in 1972, they offer a variety of services including mergers and acquisitions (M&A) advisory, capital markets solutions, financial restructuring, and valuation advice. They act as a trusted advisor to corporations, institutions, and governments worldwide, and are known for their expertise in the middle market. Houlihan Lokey is consistently ranked among the top investment banks for M&A transactions, restructuring, and fairness opinions.


Houlihan Lokey Internship Programs

Houlihan Lokey offers two main internship programs: a Summer Internship Program in the U.S. and an Off-Cycle Internship Program for international locations. Both Houlihan Lokey internship programs target ambitious and motivated students interested in gaining real-world experience in investment banking. If you want to be considered to join the program, you will have to pass a cognitive and psychometric assessment.

  • The Summer Internship Program — This program is meant for college juniors and first-year MBAs and lasts 10 weeks from June to August.
  • Off-Cycle Internship Program — It is a 3 to 6 months program that takes place in global offices outside the U.S.

Houlihan Lokey Internship Assessment Sample Questions

Essential Competencies Assessment

This assessment aims to measure your cognitive abilities related to the program you are applying to. You will have 15 minutes to answer as many questions as you can.

1. Checking - Sample Question

Please select the identical code to the following: A4JLitcCjkl

Wrong

Correct!

Wrong

Wrong

View Explanation

The correct answer is B. A4JLitcCjkl

💡Tip: Focus on the details! This type of question tests your attention to detail. Read the provided code carefully and memorize it.

2. Logical Reasoning - Sample Question

All Secret Service Special Agents are full-time employees.
No part-time employees receive security clearances.
Some full-time employees are not Secret Service Special Agents.
Tim does not have a security clearance.
Joan is a Secret Service Special Agent.


Indicate whether the following statement is True, False, or if there is Insufficient Information to Decide.

Tim is a part-time employee.

Wrong

Wrong

Correct!

View Explanation

The correct answer is C. Insufficient Information to Decide

According to the second statement, no part-time employees receive security clearances.
According to the fourth statement, Tim does not have a security clearance.
While no part-time employees receive security clearances, it remains possible for full-time employees to not have security clearances.
Therefore, it is impossible to know whether or not Tim is a part-time employee and the correct answer is Insufficient Information to Decide.

💡Tip: Analyze logically. Don't rely on assumptions or outside knowledge. Use only the information provided in the passage to reach a conclusion.

3. Number Series - Sample Question

156 | 246 | 369 | 178 | 347 | ?

Choose the correct number to fill the ?

Wrong

Wrong

Correct!

Wrong

View Explanation

The correct answer is C.257.

In each term, the last digit is the sum of the other two:
156 -> 1+5 = 6
246 -> 2+4 = 6
369 -> 3+6 = 9
178 -> 1+7 = 8
347 -> 3+4 = 7
The only option that follows this pattern is:
257 -> 2+5 = 7.

💡Tip: Don't guess! Wrong answers can affect your overall score, so try to solve each question as accurately as possible.

You can find more logical reasoning and numerical sample questions on our Suited Assessment page.


Ace Your Houlihan Lokey Internship Assessment

Houlihan Lokey's programs are highly competitive and selective, the acceptance rate is around 6%. Acing the assessment is one of the most crucial steps of the process, it's an opportunity to stand out from other candidates.
Wrong answers will affect your average score, so we recommend having extensive practice with questions similar to those you will face on the actual test. This way you can familiarize yourself with the question difficulty and deliver faster responses.
Access our PrepPack starting at £39 and get the preparation you need!


Psychometric Assessment

Our PrepPack offers three distinct personality practice tests along with a comprehensive study guide featuring tips and strategies for answering. While Houlihan Lokey's internship assessment is a "Psychometric Test", its questions closely resemble those found below. Our practice materials will adeptly prepare you to navigate and ace your test.

4. Psychometric - Sample Question

I believe that I do my job better than others.

Wrong

Wrong

Wrong

Wrong

Wrong

View Explanation

Your answer should reflect on your attitudes towards work.

Remember, the ideal banking candidate is someone who is confident but coachable. They believe in their skills but also recognise the value of teamwork and continuous learning.

💡Tip: Always eliminate the neutral option (in this case "somewhat like me"). Your answers should reflect agreement or disagreement for employers to better understand your attitudes toward work.

Many companies and job positions require candidates to take some kind of psychometric test. You can find more sample questions on our OPQ32 Practice, Saville Wave Personality, and the Hogan Personality Test Preparation.


Houlihan Lokey Internship

  • Online Application — You can start your process by finding the right position for you and applying through the Houlihan Lokey website. You will have to answer basic information and upload your CV.
  • Interview Process — After applying, you will likely be contacted for a quick phone interview. Most positions will require you to later undergo a face-to-face interview, relating to your experience and qualifications for the job.
  • Online Assessment — A big step in your application process will be taking the online assessment. Your results will give the recruiter a better understanding of your skills compared to other candidates.

FAQ

Houlihan Lokey's programs and positions are highly competitive and selective, industry-oriented programs. The acceptance rate is usually around 6% of all applications.

Acing the assessment can highly increase your chances of being selected.


Investment banking interns support analysts and associates with various tasks like industry research, financial modeling, presentation creation, and even some administrative duties. It's a demanding but rewarding experience offering practical exposure, skill development, and networking opportunities in the fast-paced world of finance.


Houlihan Lokey is a top investment bank. They consistently rank #1 in global M&A transactions and restructuring, showcasing their expertise and success in core investment banking areas.