Investment Banking Associate Jobs
Investment Banking Associate jobs are open across bulge-bracket banks, boutique advisory firms, and private equity-backed platforms, at every level from analyst-promoted associate to experienced hire, with specializations in M&A, leveraged finance, and equity capital markets. Find a role that fits from the openings below and apply directly.
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Business Unit:
Corporate Finance
Industry:
Consumer
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.
Consumer Group
Houlihan Lokey’s Consumer group is the No. 1 consumer M&A team in the United States, according to data from Refinitiv. Combining extensive market capabilities with in-depth industry knowledge, the Consumer group guides companies on M&A, restructuring, and financial advisory matters and assists in raising debt and equity capital.
Houlihan Lokey's Consumer team has helped maximize shareholder value for its clients historically and completed over 135 deals globally throughout 2021 and 2022, solidifying the group’s reputation as a trusted advisor to consumer companies.
Responsibilities
As an Associate, you will:
- Prepare, analyze, and help explain historical and projected financial information
- Create financial models
- Coordinate and perform business due diligence
- Prepare confidential information memoranda, management presentations, and marketing pitches
- Lead the planning and creation of thought leadership marketing materials
- Build relationships and maintain direct contact with clients and prospective clients, professional advisors, and other stakeholders
- Supervise and mentor junior staff
Requirements/Qualifications
- At least 3-4 years of relevant work experience in similar roles within investment banking (M&A experience preferred, but not required)
- Excellent verbal and written communication skills
- Undergraduate coursework in accounting and finance required
- Strong analytical capabilities
- A fundamental understanding of valuation theory, methodologies, and applications
- Strong financial and computer skills (Excel, Word, and PowerPoint)
- Demonstrated ability to work cooperatively with all levels of staff
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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Find JobsInvestment Banking Associate Job Market
A snapshot from current openings nationwide, updated as new roles post.
Who's Hiring
- Goldman Sachs90

- JPMorganChase46

- Morgan Stanley45

- Fitch Ratings30

- Houlihan Lokey22

Top Industries Hiring
- Investment & Asset Management465
- Banking & Financial Services246
- Law & Legal Services86
- Consulting & Professional Services67
- Insurance37
What Employers Look For
The qualifications that appear most often in investment banking associate jobs.
- Bachelor's or master's degree in finance, economics, or a related quantitative field
- Two or more years of financial modeling, valuation, and transaction execution experience
- Proficiency in DCF, LBO, and comparable company analysis with demonstrated deal exposure
- FINRA Series 79 and Series 63 licenses, or eligibility to obtain them upon hire
- Advanced Excel and PowerPoint skills with experience building and presenting pitch books
- Strong written and verbal communication skills for client-facing and internal deliverables
Tips for Your Investment Banking Associate Job Search
Tailor your deal sheet for each role
Your resume should lead with a concise deal sheet listing transaction type, industry, size, and your specific contribution. Hiring teams at banks and advisory firms scan for directly relevant deal experience, so reorganize your deals to mirror the firm's focus area before each application.
Target firms by their coverage groups
Banks hire associates into specific coverage or product groups, not generalist pools. Filter openings by group name, such as healthcare M&A or leveraged finance, and apply only where your sector experience aligns. A targeted application to the right group outperforms a broad one every time.
Apply early to roles that fit
Migrate Mate lists investment banking associate openings from across the United States in one place, so you can find roles that match and apply directly to each listing.
Certify your technical credentials before interviews
Many associate-level postings require or strongly prefer FINRA Series 79 and Series 63 licenses. Confirm which licenses the role requires before your first-round interview, and note any active registrations prominently on your resume so screeners don't overlook them.
Prepare a live model for case studies
Technical interviews at the associate level frequently involve a live LBO or DCF exercise rather than purely conceptual questions. Build and practice a clean model you can walk through under time pressure, explaining your assumptions aloud as you go.
Follow up with the specific group, not HR
After submitting, direct any follow-up to the coverage group or product desk through a professional connection rather than through general recruiting. Associates and VPs within the group carry meaningful influence over hiring decisions, especially at mid-size boutiques.
Investment Banking Associate Jobs: Frequently Asked Questions
Which companies are hiring the most investment banking associates?
The companies hiring the most investment banking associates right now include Goldman Sachs, JPMorganChase, and Morgan Stanley, with the largest share of openings in New York, California, and Texas, based on current listings on Migrate Mate as of June 2026. Bulge-bracket banks and large independent advisory firms tend to post the highest volume of associate-level roles year-round.
How many investment banking associate jobs are remote?
About 19% of investment banking associate openings are fully remote or hybrid as of June 2026, reflecting the client-facing and deal-intensive nature of most associate work. The sub-areas most likely to offer hybrid flexibility include restructuring advisory, private credit, and back-office capital markets roles, where in-person client interaction is less frequent than in traditional M&A coverage.
How do you become an investment banking associate?
Most investment banking associates either promote internally from an analyst role after two to three years or enter laterally from roles in private equity, corporate finance, or Big Four advisory. An MBA from a target program is a common entry point for career changers. Building a strong deal sheet, earning FINRA licenses, and networking directly with group heads at target firms are the most effective steps toward landing an associate offer.
Can you get an investment banking associate job with little experience?
Breaking in with limited experience is possible but requires a deliberate approach. Boutique advisory firms and regional middle-market banks are more open to candidates without a full analyst pipeline than bulge-bracket institutions. Demonstrating strong modeling skills through a take-home or live case, highlighting any transaction-adjacent work such as commercial lending or equity research, and connecting with associates at target firms directly all improve your odds meaningfully.
What does the investment banking associate interview process look like?
The process typically runs three to four rounds. A recruiter screen is followed by a behavioral round focused on your deal experience and motivation for the specific group. The technical round tests financial modeling, valuation concepts, and accounting fundamentals, often including a live LBO or case study. Final rounds at most firms involve superday interviews with multiple senior bankers assessing both technical ability and cultural fit for the team.
Where can I find and apply to investment banking associate jobs?
You can find and apply to investment banking associate jobs on Migrate Mate, which lists current openings from employers across the United States. Find roles that match your experience and coverage group preference, then apply directly to each listing from the results on this page.
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