Managing Director Jobs in Illinois
Managing Director jobs in Illinois are actively in demand, with the strongest concentration in financial services, professional services, healthcare administration, and commercial real estate, covering the full range from senior director to executive managing director. Chicago anchors the market and draws the largest share of openings, with additional activity in Naperville and Schaumburg, where corporate headquarters are well established. Employers with a consistent Illinois presence include JPMorgan Chase, Deloitte, and Aon, with the most sought-after specialties in investment management, consulting, and operations leadership. Find a role that fits below and apply directly.
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Showing 5 of 39+ Managing Director jobs
Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
ABOUT THE ROLE:
The Public Finance Managing Director is a leader on Fifth Third’s Public Finance platform, accountable for achieving strategic priorities, driving enterprise growth, and ensuring the platform remains a market leader. The Managing Director serves as ambassador for the Bank’s public finance capabilities, representing Fifth Third in high-profile forums and cultivating relationships with key stakeholders across the public sector and the financial industry.
Please see below for specific responsibilities and requirements for this role.
YOUR RESPONSIBILITIES:
The responsibilities for this role are below; you will lead projects of moderate to high complexity and provide guidance to junior team members.
Strategic Vision & Governance
- Execute the vision for Fifth Third’s Public Finance platform, aligning with enterprise objectives.
- Establish geographic and industry coverage strategies to maximize market penetration and revenue growth.
- Contribute to defining annual goals for the department and ensure alignment with organizational priorities.
Revenue Growth & Market Leadership
- Drive fee income growth through origination of marquee transactions and strategic advisory services.
- Cultivate relationships with senior public sector executives, industry partners, and internal stakeholders.
- Represent Fifth Third at industry conferences, client forums, and regulatory engagements.
Enterprise Collaboration & Integration
- Partner with Capital Markets, Trading Desk, Institutional Brokerage, and Commercial Banking to deliver integrated solutions.
- Champion cross-sell initiatives that leverage public finance insights to support broader enterprise products.
Regulatory Compliance & Risk Management
- Ensure strict adherence to MSRB, EMMA, and all applicable regulatory requirements.
- Develop and maintain policies and procedures to mitigate risk and uphold governance standards.
Leadership & Talent Development
- Recruit, develop, and retain senior banking talent to build a world-class team.
- Oversee succession planning, incentive compensation systems, and diversity initiatives.
- Provide candid feedback and foster a culture of performance, collaboration, and integrity.
MINIMUM REQUIREMENTS:
- MBA, MPA, or equivalent advanced degree strongly preferred.
- 15+ years of experience in public finance banking or related investment banking roles, including leadership of senior banking staff.
- Proven track record of driving revenue growth and managing complex transactions at scale.
- Securities Industry Essentials (SIE), Series 52, 63 and SIE required
- Series 24 preferred.
- Thorough knowledge of compliance and regulatory requirements for public finance activities.
REQUIRED SKILLS :
Qualified candidates will bring professional proficiency, generally acquired through 15 years of relevant work or internship experience in finance, accounting, or a related field.
- Strategic Leadership: Ability to set direction and drive growth for the public finance platform.
- Enterprise Leadership: Ability to set strategic direction and lead a large, complex organization.
- Executive Relationship Management: Proven ability to influence senior decision-makers and industry leaders.
- Advanced Transaction Expertise: Deep understanding of public finance markets, products, and complex deal structures.
- Regulatory & Risk Acumen: Comprehensive knowledge of compliance standards and risk management practices.
- Communication Excellence: Exceptional presentation and negotiation skills for high-profile engagements.
- Talent Development: Skilled in building bench strength and fostering a high-performance culture.
Please refer to the “Skills for Success” section to learn how to stand out as an applicant.
SKILLS FOR SUCCESS:
Successful candidates will demonstrate advanced proficiency (typically from 15 years of experience) in the following areas:
- Vision & Governance: Ability to identify strategic priorities and ensure alignment with enterprise goals.
- Market Influence: Recognized as a thought leader who drives industry dialogue and secures premium opportunities.
- Enterprise Impact: Skilled in leveraging public finance insights to drive cross-sell and enterprise revenue growth.
- Risk & Regulatory Leadership: Ability to anticipate and manage complex regulatory requirements and exposures.
- Organizational Leadership: Proven ability to lead senior teams and drive succession planning.
- Executive Presence: Capacity to represent Fifth Third as a trusted advisor and industry leader.
DOING THE RIGHT THING: Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets —including you.
Managing DirectorAt Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
Compensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business and/or individual performance. More information can be obtained upon request.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION - Chicago, Illinois 60606Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
ABOUT THE ROLE:
The Public Finance Managing Director is a leader on Fifth Third’s Public Finance platform, accountable for achieving strategic priorities, driving enterprise growth, and ensuring the platform remains a market leader. The Managing Director serves as ambassador for the Bank’s public finance capabilities, representing Fifth Third in high-profile forums and cultivating relationships with key stakeholders across the public sector and the financial industry.
Please see below for specific responsibilities and requirements for this role.
YOUR RESPONSIBILITIES:
The responsibilities for this role are below; you will lead projects of moderate to high complexity and provide guidance to junior team members.
Strategic Vision & Governance
- Execute the vision for Fifth Third’s Public Finance platform, aligning with enterprise objectives.
- Establish geographic and industry coverage strategies to maximize market penetration and revenue growth.
- Contribute to defining annual goals for the department and ensure alignment with organizational priorities.
Revenue Growth & Market Leadership
- Drive fee income growth through origination of marquee transactions and strategic advisory services.
- Cultivate relationships with senior public sector executives, industry partners, and internal stakeholders.
- Represent Fifth Third at industry conferences, client forums, and regulatory engagements.
Enterprise Collaboration & Integration
- Partner with Capital Markets, Trading Desk, Institutional Brokerage, and Commercial Banking to deliver integrated solutions.
- Champion cross-sell initiatives that leverage public finance insights to support broader enterprise products.
Regulatory Compliance & Risk Management
- Ensure strict adherence to MSRB, EMMA, and all applicable regulatory requirements.
- Develop and maintain policies and procedures to mitigate risk and uphold governance standards.
Leadership & Talent Development
- Recruit, develop, and retain senior banking talent to build a world-class team.
- Oversee succession planning, incentive compensation systems, and diversity initiatives.
- Provide candid feedback and foster a culture of performance, collaboration, and integrity.
MINIMUM REQUIREMENTS:
- MBA, MPA, or equivalent advanced degree strongly preferred.
- 15+ years of experience in public finance banking or related investment banking roles, including leadership of senior banking staff.
- Proven track record of driving revenue growth and managing complex transactions at scale.
- Securities Industry Essentials (SIE), Series 52, 63 and SIE required
- Series 24 preferred.
- Thorough knowledge of compliance and regulatory requirements for public finance activities.
REQUIRED SKILLS :
Qualified candidates will bring professional proficiency, generally acquired through 15 years of relevant work or internship experience in finance, accounting, or a related field.
- Strategic Leadership: Ability to set direction and drive growth for the public finance platform.
- Enterprise Leadership: Ability to set strategic direction and lead a large, complex organization.
- Executive Relationship Management: Proven ability to influence senior decision-makers and industry leaders.
- Advanced Transaction Expertise: Deep understanding of public finance markets, products, and complex deal structures.
- Regulatory & Risk Acumen: Comprehensive knowledge of compliance standards and risk management practices.
- Communication Excellence: Exceptional presentation and negotiation skills for high-profile engagements.
- Talent Development: Skilled in building bench strength and fostering a high-performance culture.
Please refer to the “Skills for Success” section to learn how to stand out as an applicant.
SKILLS FOR SUCCESS:
Successful candidates will demonstrate advanced proficiency (typically from 15 years of experience) in the following areas:
- Vision & Governance: Ability to identify strategic priorities and ensure alignment with enterprise goals.
- Market Influence: Recognized as a thought leader who drives industry dialogue and secures premium opportunities.
- Enterprise Impact: Skilled in leveraging public finance insights to drive cross-sell and enterprise revenue growth.
- Risk & Regulatory Leadership: Ability to anticipate and manage complex regulatory requirements and exposures.
- Organizational Leadership: Proven ability to lead senior teams and drive succession planning.
- Executive Presence: Capacity to represent Fifth Third as a trusted advisor and industry leader.
DOING THE RIGHT THING: Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets —including you.
Managing DirectorAt Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
Compensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business and/or individual performance. More information can be obtained upon request.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION - Chicago, Illinois 60606Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
See All 39 Managing Director Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Managing Director JobsManaging Director Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Managing Director Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Consulting & Professional Services
- Accounting & Auditing
- Investment & Asset Management
- Technology & Software
- Education
What Illinois Employers Look For
The qualifications that appear most often in managing director jobs across Illinois.
- Bachelor's degree in business administration, finance, or a related field required
- Ten or more years of progressive leadership experience in a relevant industry
- Demonstrated ability to manage P&L responsibility and large cross-functional teams
- Experience with strategic planning, business development, and stakeholder engagement
- Strong background in Illinois-based regulated industries such as financial services or healthcare
- Advanced degree such as an MBA or equivalent executive education preferred
Managing Director Jobs in Illinois: Frequently Asked Questions
How do you become a managing director in Illinois?
Most managing directors in Illinois reach the role through a combination of a business, finance, or industry-specific bachelor's degree and a sustained progression through mid-level management. An MBA from an Illinois institution such as the University of Chicago Booth School of Business or Northwestern Kellogg is a common accelerator. No state-issued license is required for the title itself, though managing directors in regulated sectors such as financial services, insurance, or healthcare may need Illinois-specific registrations or credentials relevant to their industry.
How much do managing directors make in Illinois?
Managing directors in Illinois earn a median of about $103,570 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $53,240 for the lowest 10% to over $269,320 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire managing directors in Illinois?
Employers hiring managing directors in Illinois right now include West Monroe, BDO, and Ankura, based on current listings on Migrate Mate as of August 2026. Illinois's dense concentration of Fortune 500 headquarters, major financial institutions, and professional services firms in the Chicago area makes it one of the more consistent states for managing director openings year-round.
Which Illinois cities have the most managing director jobs?
Chicago, Dixon, and Elk Grove Village have the most managing director openings in Illinois. Chicago dominates because it is home to a high density of corporate headquarters, major financial institutions, and professional services firms, while Naperville and Schaumburg see consistent activity from the large suburban office campuses of companies that have relocated or expanded operations outside the city core.
Are there remote managing director jobs in Illinois?
Yes, but they're less common than in purely analytical roles because managing directors are typically expected to provide on-site leadership, manage teams directly, and represent the organization in client or stakeholder settings. About 67% of managing director openings tied to Illinois are remote or hybrid as of August 2026, reflecting growing flexibility at senior levels. The parts of the role most compatible with remote work are strategic planning, financial oversight, and executive reporting functions.
How can I get hired as a managing director in Illinois with little or no experience?
The most realistic path is to secure a director or senior manager role first and build toward managing director from there. Large Illinois employers such as Deloitte, Northern Trust, and United Airlines run structured leadership development programs that place high-potential candidates in roles designed to fast-track management progression. Entry points often come through associate director, business unit manager, or senior consultant positions. Holding an MBA from an Illinois business school, or earning a CFA or CPA credential relevant to your sector, gives candidates a meaningful edge when competing for that first step-up role.
Where can I find and apply to managing director jobs in Illinois?
You can find and apply to managing director jobs in Illinois on Migrate Mate, which lists current Illinois openings across industries and hiring regions. Find the roles that fit your background and apply directly to the ones that match.
See All 39 Managing Director Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
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