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Advisory Associate Jobs in Illinois (NOW HIRING)

JLL

Energy Advisory Associate

Chicago, IL · On-site

$90K - $125K/yr

Energy Advisory Associate - JLL What this job involves: JLL's Energy Advisory team is seeking an Energy Advisory Associate to serve in a dynamic and multi-faceted role supporting Project Delivery ...

Thinkbrg

Fall 2027 Advisory Associate

Chicago, IL

As an Associate working in one of our advisory practices, you'll contribute to high-impact engagements that help clients improve performance, accelerate growth, optimize operations, and navigate ...

Flexport

Senior Trade Advisory Manager

Chicago, IL

Exciting Trade Advisory Opportunity to Help Make Global Trade Easy The opportunity: The global ... In this role, you'll be responsible for managing a team of associates, growing our business and ...

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All JobsAdvisory Associate JobsAdvisory Associate Jobs in Illinois

Advisory Associate information

See Illinois salary details

$37.3K

$70.6K

$141.5K

How much do advisory associate jobs pay per year?

As of Sep 12, 2026, the average yearly pay for advisory associate in Illinois is $70,589.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,800.00 and $69,300.00 per year, depending on experience, location, and employer.

What is an advisory associate?

Advisory Associates are entry- or mid-level professionals who work in consulting or advisory divisions of firms, such as accounting or consulting companies. They assist senior consultants and managers in analyzing business problems, developing recommendations, and implementing solutions for clients. Their work often includes conducting research, preparing reports, analyzing data, and supporting client meetings. Advisory Associates play a crucial role in helping organizations improve processes, manage risks, and achieve strategic goals.

What skills and qualifications are needed to thrive as an advisory associate?

To thrive as an Advisory Associate, you typically need a bachelor’s degree in business, finance, accounting, or a related field, along with strong analytical and problem-solving skills. Familiarity with data analysis tools like Excel, Power BI, and ERP systems, as well as certifications such as CPA or CFA, can be highly valuable. Excellent communication, teamwork, and client management skills set standout professionals apart in this collaborative and client-facing environment. These competencies are crucial for delivering insightful recommendations, managing multiple projects, and building lasting client relationships.

What are common challenges advisory associates face when managing multiple client projects simultaneously?

Advisory Associates often juggle several client projects at once, which can present challenges in time management, prioritization, and maintaining high-quality work across diverse industries. Balancing competing deadlines and adapting to shifting client needs requires strong organizational skills and proactive communication. Many firms support associates with mentorship, regular check-ins, and clear project management tools to help navigate these demands, while encouraging continuous learning to handle complex client issues effectively.

What is the difference between Advisory Associate vs Financial Analyst?

AspectAdvisory AssociateFinancial Analyst
Required CredentialsBachelor's degree, relevant certifications (e.g., CFA, CFP)Bachelor's degree, often CFA or related certifications
Work EnvironmentClient-facing, consulting, financial advisory firmsCorporate finance, investment banks, or asset management
Employer & Industry UsageFinancial advisory, wealth management, consultingFinance, banking, investment firms
Common Search & ComparisonYesYes

Advisory Associates typically work in client-facing roles within financial advisory or consulting firms, focusing on providing strategic advice. Financial Analysts often work in corporate finance or investment settings, analyzing data to support investment decisions. While both roles require similar credentials and industry knowledge, their work environments and client interaction levels differ.

What are the most commonly searched types of Advisory jobs in Illinois?

The most popular types of Advisory jobs in Illinois are:

What are popular job titles related to Advisory Associate jobs in Illinois?

For Advisory Associate jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Advisory Associate jobs in Illinois look for?

The top searched job categories for Advisory Associate jobs in Illinois are:

What cities in Illinois are hiring for Advisory Associate jobs?

Cities in Illinois with the most Advisory Associate job openings:

Advisory Associate jobs near you
Infographic showing various Advisory Associate job openings in Illinois as of September 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $70,589 per year, or $33.9 per hour.

Financial Advisory Associate

Chicago, IL • Hybrid

Armory Group, LLC
Investment Banking and Securities Dealing • 11 - 50 employees
Learn more about Armory Group, LLCexternal

Full-time

Medical, Dental, Vision, Retirement

Re-posted 26 days ago

Key responsibilities

  • Analyze company financial information and develop financial models for investment banking and creditor advisory projects.

  • Lead workstreams related to transactions such as debt and equity financings, mergers and acquisitions, recapitalizations, valuations, and restructurings.

  • Collaborate with deal teams and senior professionals to deliver high-quality work products in transaction-oriented situations.

Job description

Armory Group, LLC is a leading investment bank and financial advisory firm dedicated solely to the middle market.  We provide a full range of advisory services on a national basis to companies and their lenders, including raising debt and equity financing, M&A and restructuring financial advisory services.  We have won numerous national "deal of the year" awards for our r M&A work from M&A Advisor and have broad industry coverage with 10 dedicated industry groups that bring unique, sector specific knowledge and expertise to each engagement.

While we regularly work with healthy or growing companies, what makes us relatively unique from other middle market investment banks is  our reputation as one of the pre-eminent financial advisors for middle-market companies navigating complex situations or facing unique financial challenges, including raising rescue or turnaround capital for those operating in cyclical industries, undergoing turnaround or experiencing one-time events impacting performance.  As a result of our work, we have been recognized with many national "deal of the year" awards from top industry organizations including M&A Advisor, with the 2021, 2022, 2024 and 2025 Turnaround Refinancing of the Year in the $100 million to $1 billion category and 2022 Boutique Investment Bank of the Year.  In addition, our growing creditor advisory practice regularly represents some of the nation's largest banks, financial institutions and private lenders in such situations. 

Since the original formation of our team in 2008, we have been involved in over $30 billion of transactions across over 175+ diverse engagements

Job Description & Responsibilities:

Armory is seeking both investment banking associates and financial advisory associates for our growing investment banking business and creditor advisory practice.  We are seeking results-oriented professionals, who can analyze company financial information, develop financial models and lead workstreams in connection with investment banking and creditor advisory projects for Armory. This role requires strong financial modeling background and ability to complete high-quality work products in high-pressure, client-critical, transaction-oriented situations.

Armory offers a unique opportunity for Associates to work on projects that provide exposure to various financial advisory and investment banking products and industries.  The Chicago-based investment banking associate will have exposure to multiple industries, such as industrials, software and technology, business services, manufacturing, consumer & retail, and food & beverage.  Associates can expect to be involved in a variety of transactions, including debt and equity financings, mergers and acquisitions, recapitalization, valuations and restructuring assignments. Deal teams are typically small in size, providing significant responsibility and exposure to senior level professionals and clients.

Requirements:

  • Bachelor's degree or MBA with a well-rounded academic background from a top-tier educational institution
  • Minimum two to three years of investment banking or restructuring experience required
  • Strong interest in M&A, debt and equity capital markets, special situations, and restructuring
  • Strong quantitative and qualitative skills, with experience in financial modeling and financial statement analysis, including the development of three-statement financial models and 13-week cash flow models
  • Self-directed, highly motivated, able to learn and work independently in a fast-paced, challenging environment and manage a variety of transactions and projects simultaneously
  • Excellent verbal and written communication skills
  • Demonstrated team player and leader with a strong motivation to contribute to a positive team culture and experience in training junior professionals
  • SIE, Series 63, and Series 79 licenses required at time of hiring or expected to be obtained shortly thereafter

This is a full-time position based in Chicago, IL. This is a hybrid role, consisting of both in-office and remote work. The targeted start date is immediate. Travel will be required at times. Compensation includes base salary, discretionary bonus commensurate with the industry, and full benefits (including health, dental, vision, flexible spending account, and 401k). 

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