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Transaction Advisory Associate Jobs in Illinois (NOW HIRING)

BDO USA

Tax Senior, Transaction Advisory Services

Chicago, IL · On-site

$84K - $104K/yr

The Tax Senior, Transaction Advisory Services is an essential team member that will work to ensure engagements are executed timely and that client expectations are met, if not exceeded and support ...

BDO

Tax Senior, Transaction Advisory Services

Chicago, IL

$84K - $104K/yr

The Tax Senior, Transaction Advisory Services is an essential team member that will work to ensure engagements are executed timely and that client expectations are met, if not exceeded and support ...

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All JobsTransaction Advisory Associate JobsTransaction Advisory Associate Jobs in Illinois

Transaction Advisory Associate information

See Illinois salary details

$72.7K

$147.6K

$219.5K

How much do transaction advisory associate jobs pay per year?

As of Aug 15, 2026, the average yearly pay for transaction advisory associate in Illinois is $147,617.00, according to ZipRecruiter salary data. Most workers in this role earn between $117,300.00 and $171,500.00 per year, depending on experience, location, and employer.

What is a transaction advisory associate?

Transaction Advisory Associates are professionals who assist clients in evaluating and executing business transactions, such as mergers, acquisitions, and divestitures. They conduct financial due diligence, analyze financial statements, assess risks and opportunities, and provide recommendations to help clients make informed decisions. These associates work closely with senior advisors and clients to ensure the transaction process is smooth and value is maximized. Their work is critical in identifying potential issues and ensuring the financial health of a transaction.

What is the difference between Transaction Advisory Associate vs Financial Analyst?

AspectTransaction Advisory AssociateFinancial Analyst
Required CredentialsBachelor's degree, CPA or CFA often preferredBachelor's degree in finance, accounting, or related field; CFA beneficial
Work EnvironmentConsulting firms, investment banks, or corporate finance teamsCorporations, investment firms, or financial services companies
Employer & Industry UsageUsed in M&A, due diligence, and transaction supportUsed in budgeting, forecasting, and financial analysis
Comparison IntentFocuses on transaction support and deal processesFocuses on financial data analysis and reporting

The Transaction Advisory Associate primarily supports mergers, acquisitions, and transaction processes, often working in consulting or investment banking environments. In contrast, a Financial Analyst concentrates on analyzing financial data, preparing reports, and supporting strategic decision-making within companies. While both roles require strong financial skills and similar credentials, their core functions and work settings differ significantly.

What types of projects does a transaction advisory associate work on, and how do they contribute to client engagements?

As a Transaction Advisory Associate, you can expect to be involved in projects such as financial due diligence for mergers and acquisitions, valuation analysis, and assisting clients with buy-side and sell-side transactions. Your role often includes analyzing financial statements, identifying key risks and opportunities, and preparing detailed reports for clients. You'll work closely with senior team members, clients, and other advisors (such as legal or tax professionals) to ensure all aspects of a transaction are thoroughly evaluated. This collaborative environment provides valuable exposure to complex deals and is an excellent foundation for career advancement within advisory or corporate finance.

What are the key skills and qualifications needed to thrive as a transaction advisory associate, and why are they important?

To thrive as a Transaction Advisory Associate, you need strong analytical skills, a solid understanding of accounting and finance principles, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with financial modeling, Excel, data analytics tools, and often a CPA or CFA certification are highly valued. Excellent communication, attention to detail, and the ability to work well under pressure are essential soft skills. These competencies ensure accurate due diligence, effective client communication, and successful deal execution in high-stakes transaction environments.

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

The most popular types of Transaction Advisory jobs in Illinois are:

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

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

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

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

What cities in Illinois are hiring for Transaction Advisory Associate jobs?

Cities in Illinois with the most Transaction Advisory Associate job openings:

Transaction Advisory Associate jobs near you
Infographic showing various Transaction Advisory Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $147,617 per year, or $71 per hour.

Financial Advisory Associate

Armory Group, LLC

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement

Re-posted 28 days ago

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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