Principal Corporate Development Associate

Medtronic; Minnesota; On-site; USD 134,000 - 200,000; Full time

Job summary

Medtronic in the United States is seeking a Principal Corporate Development Associate to advance strategic growth through mergers and acquisitions, alliances, and minority investments. You will collaborate with Corporate Development leadership and cross-functional teams to evaluate opportunities, execute transactions, and support strategic decisions.

The role requires strong financial, analytical, and strategic thinking, with the ability to manage multiple transactions in a fast-paced

Qualifications

• MBA student (2nd year)
• Available to start full-time in July 2027 after graduation
• Minimum of 5 years of full-time work experience
• Experience conducting financial, strategic, and market analyses

Responsibilities

• Lead and support strategic transactions (acquisitions, partnerships, investments, JV, licensing, divestitures).
• Assess project requirements and assemble cross-functional resources for transaction execution.
• Conduct market, industry, and company analyses to evaluate fit and growth opportunities.
• Identify opportunities, risks, synergies, and integration considerations for proposed transactions.
• Develop financial models, valuation analyses, and business cases to support investments.

Education

MBA (2nd year)

Tools

Financial modeling

Strategic analysis

M&A evaluation

Job description

We anticipate the application window for this opening will close on - 1 Dec 2026 Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

A Day in the Life

The Principal Corporate Development Associate plays a key role in advancing Medtronic’s strategic growth initiatives through mergers and acquisitions (M&A), strategic alliances, joint ventures, minority investments, technology licensing, and divestitures. This individual partners closely with Corporate Development leadership and cross-functional teams to evaluate opportunities, execute transactions, and support strategic decision-making across the enterprise. The role requires strong analytical, financial, and strategic thinking capabilities, as well as the ability to manage multiple concurrent projects in a dynamic, fast-paced environment. The Principal Corporate Development Associate serves as a trusted advisor and representative of Medtronic in interactions with business leaders, functional partners, and external stakeholders.

Key Responsibilities

• Lead and support strategic transactions, including acquisitions, partnerships, investments, joint ventures, licensing agreements, and divestitures.
• Assess project requirements and identify the appropriate cross-functional resources needed to support transaction execution.
• Conduct market, industry, competitor, and company analyses to evaluate strategic fit and growth opportunities.
• Identify potential opportunities, risks, synergies, and integration considerations associated with proposed transactions.
• Develop detailed financial models, valuation analyses, and business cases to support investment recommendations.
• Evaluate and recommend transaction structures in partnership with legal, tax, and finance stakeholders.
• Coordinate and manage due diligence activities across functional teams, including finance, legal, human resources, operations, quality, regulatory, R&D, and information technology.
• Serve as a primary point of contact for external parties, advisors, and internal stakeholders throughout the transaction process.
• Support and participate in negotiations with counterparties under the guidance of Corporate Development leadership.
• Develop executive-level presentations and recommendations for senior leadership and governance committees.
• Monitor emerging technologies, market trends, competitive dynamics, and organizations of strategic interest.
• Build and maintain a broad understanding of Medtronic’s businesses, markets, and the medical technology landscape.
• Manage multiple active transactions simultaneously, balancing changing priorities and stakeholder needs.

Must Have: Minimum Requirements

• Current enrollment in an MBA program (second year)
• Ability to begin full-time employment in July 2027 following graduation
• Minimum of 5 years full-time work experience
• Demonstrated experience conducting financial, strategic, and market analyses.

Nice to Have

• Experience in corporate development, investment banking, management consulting, strategic planning, private equity, or venture capital.
• Advanced financial modeling and business valuation expertise.
• Experience supporting or leading M&A transactions, including due diligence, deal structuring, and negotiations.
• Medical device, healthcare, life sciences, or related industry experience.

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers.

Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

For sales reps and other patient facing field employees, going into a healthcare settingis considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support. This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.

Salary ranges for U.S (excl. PR) locations (USD):$133,600.00 - $200,400.00

• Short-term incentive called the Medtronic Incentive Plan (MIP).
• Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
• Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
• Regular employees are those who are not temporary, such as interns.
• Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan.
• Please note some of the above benefits may not apply to workers in Puerto Rico.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic... [text continues as provided]...

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary. We change lives. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives. We build extraordinary solutions as one team. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.

This life-changing career is yours to engineer. By bringing your ambitious ideas, unique perspective and contributions, you will… Build a better future, amplifying your impact on the causes that matter to you and the world Grow a career reflective of your passion and abilities Connect to a dynamic and inclusive culture that welcomes the challenge of life-long learning These commitments set our team apart from the rest: Experiences that put people first. Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need. Life-transforming technologies. No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms. Better outcomes for our world. Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls. Insight-driven care. Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care