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Transaction Associate Jobs in Illinois (NOW HIRING)

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Transaction Associate information

See Illinois salary details

$17K

$74.6K

$126.9K

How much do transaction associate jobs pay per year?

As of Aug 17, 2026, the average yearly pay for transaction associate in Illinois is $74,593.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,500.00 and $93,000.00 per year, depending on experience, location, and employer.

What does a transaction associate do?

A Transaction Associate assists with the execution and management of financial transactions, such as mergers, acquisitions, or capital raising activities. They typically support senior members of the team by performing market research, preparing financial models, drafting presentations, and managing documentation. The role requires strong analytical skills, attention to detail, and the ability to communicate effectively with clients and internal teams. Transaction Associates often work in investment banks, private equity firms, or corporate finance departments.

What are the key skills and qualifications needed to thrive as a transaction associate?

To thrive as a Transaction Associate, you need strong analytical abilities, attention to detail, and a background in finance or business, often supported by a relevant degree. Familiarity with financial software, transaction management systems, and proficiency in Excel are typically required, and certifications such as CFA or FINRA registration may be beneficial. Excellent communication, organizational skills, and the ability to multitask help build strong client relationships and ensure accuracy in high-pressure environments. These combined skills are crucial for efficiently processing transactions, minimizing errors, and maintaining client trust in financial operations.

What are some common challenges transaction associates face when supporting high-volume transactions, and how can they effectively manage these situations?

Transaction Associates often handle a large number of transactions daily, which can lead to challenges such as maintaining accuracy under tight deadlines and prioritizing tasks efficiently. To manage these situations, it is important to develop strong organizational skills, leverage available transaction management systems, and communicate proactively with team members. Attention to detail and the ability to stay calm under pressure are key to ensuring that all documentation is processed correctly and client needs are met promptly. Regular training and staying updated on compliance requirements also help Transaction Associates navigate high-volume periods more effectively.

What skills do you need to be a transaction associate?

A transaction associate needs strong attention to detail, excellent organizational skills, and proficiency with financial software and data entry. Good communication skills and the ability to work efficiently in a fast-paced environment are also important for managing transactions accurately and providing customer service.

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

The most popular types of Transaction jobs in Illinois are:

What cities in Illinois are hiring for Transaction Associate jobs?

Cities in Illinois with the most Transaction Associate job openings:

Infographic showing various Transaction 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 $74,593 per year, or $35.9 per hour.

Investment Banking Associate | Industrials

Houlihan Lokey Financial Advisors, Inc

Chicago, IL โ€ข On-site

$175K - $225K/yr

Full-time

Re-posted 29 days ago


Job description

Business Unit:

Corporate Finance

Industry:

Industrials

Overview

Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank recognized for delivering independent strategic and financial advice to corporations, financial sponsors, and governments. With uniquely deep industry expertise, broad international reach, and a partnership approach rooted in trust, the firm provides innovative, integrated solutions across mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Our unmatched transaction volumes provide differentiated, data-driven perspectives that help our clients achieve their most critical goals. To learn more about Houlihan Lokey, please visit HL.com.

Corporate Finance

Houlihan Lokey has extensive expertise in mergers, acquisitions, divestitures, activist shareholder and takeover defense, and other related advisory services for a broad range of U.S. and international clients. Our experience in M&A has earned us consistent recognition throughout the industry. In 2025, LSEG ranked our firm the No. 1 investment bank for all global M&A transactions.

Industrials

Houlihan Lokey's Industrials Group has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services.

Our transaction quality and client work benefit from our company culture, where financial professionals are highly engaged in the execution of client projects, and from our experience as leaders in the market for over a decade, which has given our professionals valuable exposure to a variety of situations and challenges. .

Job Description

Associates are an integral part of Houlihan Lokey's business activities and play a key role in the delivery of exceptional service to our clients. Houlihan Lokey hires Associates to work specifically as part of industry aligned teams, assisting with a variety of investment banking services and transactions.

Associates support all facets of our investment banking engagements by:

  • Managing client relationships

  • Participating in end-to-end transaction execution including but not limited to the following:

  • Preparing confidential information memoranda, marketing, and presentation materials

  • Analyzing historical and projected financial information

  • Developing complex financial and valuation models

  • Coordinating transaction execution

  • Building datarooms and managing due diligence processes

  • Participating in the development of recommendations to clients alongside senior bankers

  • Managing and supervising junior banking team members

  • Assisting senior bankers with the new business development process, including the development of pitch books, identifying prospective new clients, etc.

Basic Qualifications

The environment at Houlihan Lokey is collegial entrepreneurial, and as such, rewards high performing team members that are driven to succeed with substantial responsibility. The ideal candidate should be motivated, creative and outgoing, and possess:

  • At least three years of professional working experience

  • At least two years of investment banking experience

  • An undergraduate degree with academic distinction

Preferred Qualifications

  • Extensive financial modeling experience and strong analytical abilities

  • Excellent verbal and written communication skills

  • A very high degree of intellectual curiosity and the ability to think independently

  • The ability to work cooperatively with all levels of staff

  • The ability to manage multiple projects and hit deadlines in a highly organized manner

  • An independent, solutions-focused mindset

Compensation and Benefits

Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is:

$175,000 - $225,000

Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled.

Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here:

2026 Benefits

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.

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