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Transaction Advisory Associate Jobs in Chicago, IL

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Transaction Advisory Associate information

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$77.3K

$157K

$233.5K

How much do transaction advisory associate jobs pay per year?

As of Sep 14, 2026, the average yearly pay for transaction advisory associate in Chicago, IL is $157,046.00, according to ZipRecruiter salary data. Most workers in this role earn between $124,700.00 and $182,500.00 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 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 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 are the most commonly searched types of Transaction Advisory jobs in Chicago, IL?

The most popular types of Transaction Advisory jobs in Chicago, IL are:

What are popular job titles related to Transaction Advisory Associate jobs in Chicago, IL?

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

What job categories do people searching Transaction Advisory Associate jobs in Chicago, IL look for?

The top searched job categories for Transaction Advisory Associate jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Transaction Advisory Associate jobs?

Cities near Chicago, IL with the most Transaction Advisory Associate job openings:

Transaction Advisory Associate jobs near you
Infographic showing various Transaction Advisory Associate job openings in Chicago, IL as of September 2026, with employment types broken down into 1% As Needed, 70% Full Time, 26% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $157,046 per year, or $75.5 per hour.

Transaction Advisory Associate

Chicago, IL • On-site

Regal Executive Search
Recruiting and Staffing Services • 1 - 10 employees
Learn more about Regal Executive Searchexternal

Full-time

Re-posted 12 days ago

Job description


Transaction Advisory Associate
Responsibilities:
  • Perform financial due diligence and identify key risks and evaluate business drivers
  • Analyze financial statement information including income statement, balance sheet, cash flow and key operational data.
  • Analyze net working capital, debt and debt-like items
  • Assist in creating reports (including Quality of Earnings reports) and databooks for clients that highlight the key financial, findings of potential investments as well as the drivers behind sustainable profits and cash flows
  • Help to build financial models
  • Help to synthesize and convert data into meaningful information that is used to drive discussions with target management and highlight observations and conclusions
  • Manage and prioritize responsibilities and proactively consult with senior team member
  • Assist in the general execution of engagements and maintenance of client relationships
  • Support Transitions/Transformations and M&A/Investment Banking practices as needed while proactively seeking development in these areas
  • This position is add-to-staff. Compensation will be commensurate to experience and tenure

Qualifications:
In addition to strong technical skills and proficiency in Microsoft Excel and PowerPoint, the candidate should be or have:
  • Proactive, motivated, and a self-starter with the ability to maintain a positive attitude while working in a demanding, deadline-driven environment
  • Dedication to teamwork and constant communication with fellow team members
  • Strong analytical, critical thinking, and project management skills with attention to detail
  • Ability to provide solution-based alternatives
  • Flexibility in the prioritization and completion of tasks
  • Ability to maintain the highly confidential nature of information pertaining to ongoing or potential transactions
  • Ability to communicate (i.e. writing, facilitating, and presenting) succinctly and sufficiently to all levels of client and management personnel
  • Knowledge of technical accounting areas such as US GAAP and SEC or Private Company reporting
  • An active Certified Public Accountant (CPA) certification or equivalent is preferred

Requirements:
  • 4-year degree from a reputable business school in accounting and/or finance with an exceptional GPA and supporting accolades
  • 1-4 years of prior work experience, with time spent in Big4 or large national firm Audit and/or TAS. An active CPA license or progress towards a CPA license is highly preferred
  • A proven track record of excellence (i.e. accelerated promotional cadence, stellar reviews and evaluations, etc.)
  • A strong desire to hone one's accounting skills while developing best practices in finance/FP&A, M&A, financial modeling, and/or investment banking

Meet Your Recruiter
Tim Bramley

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