What Houlihan Lokey CEO looks for in young Wall Street talent recruits

Houlihan LokeyOn of the biggest challenges for Scott Beiser, the CEO of $2.4 billion boutique global investment bank Houlihan Lokey, is making sure the company’s employees stay engaged and energized. 

The firm — which specializes in corporate finance business, restructuring, and financial advisory services — has grown significantly since it went public two years ago, boosting revenue from $681 million in fiscal 2015 to $872 in fiscal 2017.

That growth means Beiser, who has been at the firm 33 years, has more employees to retain and keep engaged, but also more opportunities for recruiting young Wall Street talent. 

So what does Beiser want from fresh college graduates? 

Business Insider recently sat down with Beiser, who highlighted three key elements that he looks for when hiring young investment bankers.

Responses have been edited and condensed for length and clarity. 

1. You have to love finance — it has to be in your blood.

Talent and ambition can take you far, even if you’re not in the perfect job. But if you don’t truly live and breathe investment banking, there may be a ceiling on how far you can go.

“One, they have to actually want to at some level enjoy or love finance. It is what we do,” Beiser said. “Whether it’s you need to read the FT or the Journal or you need to want to care what’s going on in the news, that just has to be part of your DNA and blood.”

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