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Financial Restructuring Jobs in Chicago, IL (NOW HIRING)

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Financial Restructuring information

See Chicago, IL salary details

$78.3K

$114.2K

$140.1K

How much do financial restructuring jobs pay per year?

As of Jul 5, 2026, the average yearly pay for financial restructuring in Chicago, IL is $114,152.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,000.00 and $128,300.00 per year, depending on experience, location, and employer.

What are some typical challenges faced by professionals in Financial Restructuring roles, and how can they be effectively managed?

Professionals in Financial Restructuring often encounter challenges such as navigating complex stakeholder interests, managing tight deadlines, and working with incomplete or evolving financial data. Effective management of these challenges involves strong communication and negotiation skills, as well as the ability to quickly analyze financial statements and develop actionable restructuring plans. Collaborating closely with clients, legal advisors, and internal teams is essential to ensure alignment and successful outcomes. Building resilience and adaptability also helps professionals stay effective in fast-paced, high-stress situations common in this field.

Do restructuring consultants make a lot of money?

Financial restructuring consultants typically earn competitive salaries that vary based on experience, location, and firm size. Entry-level positions may start lower, while experienced professionals with specialized skills can earn high six-figure incomes, especially in senior roles or with bonuses. The profession often requires strong analytical skills and industry knowledge, which can influence earning potential.

What does financial restructuring do?

Financial restructuring involves reorganizing a company's debt and assets to improve financial stability and operational efficiency. Professionals in this field analyze financial statements, develop strategies to reduce debt, and may negotiate with creditors to help the company recover or avoid bankruptcy.

What is the difference between Financial Restructuring vs Financial Planning?

AspectFinancial RestructuringFinancial Planning
Primary FocusReorganizing a company's financial structure to improve stability and solvencyDeveloping strategies to achieve personal or corporate financial goals
Work EnvironmentCorporate finance, consulting firms, turnaround specialistsIndividual financial advisory, corporate finance, wealth management
CredentialsCPA, CFA, or financial analyst certifications often preferredCFP, CPA, or financial advisor certifications

Financial Restructuring and Financial Planning both involve financial expertise but serve different purposes. Restructuring focuses on stabilizing and reorganizing a company's finances during distress, while Planning aims to help individuals or companies achieve long-term financial goals. Understanding these differences helps clarify career paths and client services in the finance industry.

What are the key skills and qualifications needed to thrive in Financial Restructuring, and why are they important?

To thrive in Financial Restructuring, you need strong analytical skills, financial modeling expertise, and a background in finance, accounting, or business, often supported by a relevant degree or CPA/CFA certification. Familiarity with advanced Excel functions, financial analysis software, and legal frameworks related to bankruptcy and restructuring is crucial. Outstanding communication, negotiation, and problem-solving skills help professionals manage stakeholders and complex situations. These abilities are vital for developing effective restructuring strategies, maximizing value, and guiding organizations through periods of financial distress.

How much does a restructuring analyst make?

A restructuring analyst typically earns between $60,000 and $100,000 annually, depending on experience, location, and the size of the firm. Entry-level analysts may start at lower salaries, while experienced professionals with certifications like CFA or CPA can earn higher compensation, often with bonuses and benefits included.

What is the highest paying job in the finance field?

In the finance field, chief financial officers (CFOs) and senior investment bankers tend to have the highest salaries, often exceeding several hundred thousand dollars annually, especially with bonuses and incentives. These roles require extensive experience, advanced degrees, and strong leadership skills, and they often involve overseeing company financial strategies or managing large investment portfolios.

What is financial restructuring?

Financial restructuring is the process of reorganizing a company's financial structure in order to improve its financial stability and viability. This can involve renegotiating debt terms, consolidating loans, selling assets, or seeking new investment. The goal is often to reduce financial distress, enhance cash flow, and position the company for long-term success. Financial restructuring is commonly used by businesses facing financial challenges or preparing for growth and expansion.
What are popular job titles related to Financial Restructuring jobs in Chicago, IL? For Financial Restructuring jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Financial Restructuring jobs in Chicago, IL look for? The top searched job categories for Financial Restructuring jobs in Chicago, IL are:
Financial Restructuring jobs near you
Associate Attorney (Litigation/Bankruptcy)

Associate Attorney (Litigation/Bankruptcy)

Gensburg Calandriello & Kanter, P.C.

Chicago, IL • On-site

$100K - $140K/yr

Full-time

Medical, Retirement, PTO

Posted 14 days ago

Job description

Job Summary
We are looking for an attorney with 0 to 5 years’ experience handling bankruptcy and commercial litigation, including business disputes and financial restructuring matters. Bankruptcy experience a plus.  Our firm currently has 13 attorneys and is looking to grow. Associate will have direct client contact with an opportunity to work under the guidance of Chicago’s leading bankruptcy attorneys.
Central Loop location. Resume required. Overall compensation commensurate with experience. In office position (with transition to hybrid), health insurance, profit sharing, 401(k) plan, etc.
Our Work Environment Includes:
  • Modern office setting
  • Casual work attire
  • Related and professional atmosphere
Responsibilities 
  • Prepare complaints, briefs, motions, petitions, and other legal documents
  • Conduct legal research and discovery
  • Prepare for and attend legal proceedings
  • Provide legal counsel in conjunction with senior associates
  • Negotiate on behalf of clients
  • Maintain detailed and accurate client records
Qualifications
  • Successful completion of a Juris Doctor (J.D. degree) from an accredited law school and bar exam
  • Bankruptcy experience
  • Strong verbal and written communication skills
  • Strong negotiation and problem-solving skills
  • Ability to collaborate with colleagues to best serve clients
Benefits/Perks
  • Health Insurance
  • Paid time off
  • 401(k)
  • Retirement plan
  • Professional development assistance