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Fixed Income Associate Jobs in Chicago, IL (NOW HIRING)

Hightower

Capital Markets Senior Associate

Chicago, IL · On-site

$65K - $100K/yr

Executes fixed income trades efficiently while minimizing market impact and transaction costs. * Ensures trade orders are executed fairly and equitably, including prompt execution without bias toward ...

DRW

Associate General Counsel

Chicago, IL · On-site

$125K - $275K/yr

S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs ... DRW is currently seeking an Associate General Counsel to join the Legal team in our Chicago office.

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Fixed Income Associate information

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$29

How much do fixed income associate jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for fixed income associate in Chicago, IL is $16.27, according to ZipRecruiter salary data. Most workers in this role earn between $13.56 and $17.45 per hour, depending on experience, location, and employer.

What is the difference between Fixed Income Associate vs Equity Research Associate?

AspectFixed Income AssociateEquity Research Associate
Required CredentialsBachelor's degree, often CFA Level I or IIBachelor's degree, often CFA Level I or II
Work EnvironmentBond markets, fixed income securities, investment banks, asset managersStock markets, equity securities, investment banks, asset managers
Employer & Industry UsageFinancial institutions focusing on bonds and debt instrumentsResearch firms, investment banks analyzing stocks
Common Search & ComparisonYesYes

The main difference between a Fixed Income Associate and an Equity Research Associate lies in the securities they analyze and their work focus. Fixed Income Associates specialize in bonds and debt instruments, working primarily in bond markets and related financial institutions. Equity Research Associates focus on stocks and equity securities, analyzing companies' stock performance. Both roles require similar educational backgrounds and certifications, but their industry focus and daily tasks differ significantly.

What does a Fixed Income Associate do?

A Fixed Income Associate is responsible for supporting the management, analysis, and trading of fixed income securities such as bonds and other debt instruments. They assist portfolio managers and traders by conducting market research, analyzing credit risk, managing data, and preparing reports on market trends and investment strategies. Their role is crucial in ensuring effective investment decisions and maintaining compliance with regulatory requirements. Fixed Income Associates often work for investment banks, asset management firms, or other financial institutions.

What are the key skills and qualifications needed to thrive as a Fixed Income Associate, and why are they important?

To thrive as a Fixed Income Associate, you need strong analytical skills, a solid understanding of financial markets and securities, and typically a degree in finance, economics, or a related field. Familiarity with Bloomberg Terminal, Excel modeling, and relevant certifications such as CFA Level I or II are commonly required. Attention to detail, effective communication, and the ability to work under pressure help candidates excel in this role. These competencies are essential for accurately assessing risk, supporting investment decisions, and maintaining efficient trading and portfolio management processes.

What are some common challenges Fixed Income Associates face when analyzing market trends, and how can they address them?

Fixed Income Associates often encounter the challenge of interpreting complex and rapidly changing market data, especially during periods of economic uncertainty. Staying updated with macroeconomic indicators, interest rate movements, and credit risk developments is crucial. Collaborating closely with senior analysts and portfolio managers helps in gaining different perspectives and refining analytical approaches. Utilizing advanced analytics tools and maintaining strong communication within the team can help address these challenges and improve investment recommendations.
What are the most commonly searched types of Fixed Income jobs in Chicago, IL? The most popular types of Fixed Income jobs in Chicago, IL are:
What are popular job titles related to Fixed Income Associate jobs in Chicago, IL? For Fixed Income Associate jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Fixed Income Associate jobs in Chicago, IL look for? The top searched job categories for Fixed Income Associate jobs in Chicago, IL are:
Fixed Income Associate jobs near you
Infographic showing various Fixed Income Associate job openings in Chicago, IL as of May 2026, with employment types broken down into 2% As Needed, 90% Full Time, 3% Part Time, 2% Temporary, and 3% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $33,843 per year, or $16.3 per hour.

Capital Markets Senior Associate

Hightower

Chicago, IL • On-site

$65K - $100K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 7 days ago

Job description

Our Story
Founded in 2008, Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower's capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their financial vision. Based in Chicago with advisors across the U.S., we operate as a registered investment advisor (RIA).
What You'll Do
  • Executes fixed income trades efficiently while minimizing market impact and transaction costs.
  • Ensures trade orders are executed fairly and equitably, including prompt execution without bias toward originating source.
  • Partners with advisors and internal stakeholders on idea generation and strategy implementation.
  • Communicates relevant market information and developments impacting securities prices to portfolio managers and other appropriate parties.
  • Ensures accurate and timely settlement of all trades in accordance with established procedures and controls.
  • Maintains active relationships with street counterparties to support effective fixed income trading and liquidity management.
  • Responds to client, portfolio management, and internal partner inquiries in a timely and professional manner.
  • Maintains current knowledge of applicable rules, regulations, and industry best practices governing investments and trading.
  • Adheres to established trading procedures, risk controls, and governance protocols.
  • Continues to enhance knowledge of markets, products, and trading tools to support effective execution and decision-making.

What You'll Bring
  • Bachelor's degree or equivalent experience
  • Active FINRA Series 7 & 66
  • 3+ years' experience in brokerage/financial services industry
  • Fixed Income knowledge in Municipals, Corporates, Agencies, Treasuries, MBS, and CDs
  • Strong knowledge of brokerage/financial services industry, including custodians (Pershing, Schwab, Fidelity)
  • Experience with using vendor applications and market data services (Bloomberg, Factset, Excel API)

What We Offer
  • Coverage on the first day of employment for medical, dental, and vision insurance
  • Paid parental leave (16 weeks for primary caregiver and 8 weeks for secondary caregiver)
  • Mother's lounge onsite
  • Flexible PTO plan
  • In-office Monday through Thursday and work from home on Fridays
  • Free brand-new gym in the Chicago office
  • 401k matching plan
  • HSA employer contributions
  • Student loan assistance
  • Pet insurance
  • Base salary of $65,000-$100,000 plus discretionary bonus (exact base salary amount will be dependent on experience)

AN EQUAL OPPORTUNITY EMPLOYER:Hightower is an equal opportunity employer and does not discriminate based upon race, color, religion, sex, sexual orientation, pregnancy, marital status, national origin, citizenship, veteran status, ancestry, age (over 40), physical or mental disability, medical condition (cancer-related), gender identity or expression, genetic information including sickle cell or hemoglobin C trait, or any other consideration made unlawful by applicable federal, state, or local law.
You are a U.S. citizen, U.S. permanent resident or possess other unrestricted U.S. work authorization and will not require sponsorship for U.S. work authorization now or anytime in the future.

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