Job summary
Job post source
This job is directly from Medtronic
Job overview
The Principal Associate, Venture Capital at Medtronic plays a strategic role in accelerating innovation and new product development through minority investments in medical technology companies aligned with Medtronic's mission.
Responsibilities and impact
The role involves selecting investment markets, conducting due diligence including financial, clinical, and market analysis, coordinating investment meetings, preparing reports, supporting strategic initiatives, and presenting investment proposals to executive management.
Compensation and benefits
The position offers a competitive salary range of $133,600 to $200,400 USD, eligibility for a short-term incentive plan, and a comprehensive benefits package including health, dental, vision insurance, retirement plans, paid time off, and employee stock purchase plans.
Experience and skills
Candidates must have a bachelor's degree with 7+ years of relevant healthcare or medical technology experience in venture capital, consulting, investment banking, R&D, business development, or marketing, or 5+ years with an advanced degree; preferred skills include financial analysis, persistence, intellectual curiosity, and teamwork.
Career development
Medtronic fosters professional growth through a collaborative culture and cross-functional teamwork, supporting career advancement and learning opportunities within a global healthcare technology leader.
Work environment and culture
Medtronic emphasizes a culture of innovation, collaboration, and patient-first values, requiring a minimum of 4 days onsite weekly to promote professional growth and teamwork.
Company information
Medtronic is a global healthcare technology leader with over 95,000 employees, dedicated to alleviating pain, restoring health, and extending life through innovative medical solutions.
Team overview
The candidate will join the Ventures group, working closely with VPs, Senior Directors, and Associates, collaborating across various corporate functions including clinical, regulatory, finance, and legal teams.
Job location and travel
The position can be based in Minneapolis, MN or Boston, MA, with a hybrid work model requiring at least 4 days onsite per week.
Application process
The application window closes on August 1, 2025; candidates should apply through Medtronic's official channels and may need to provide documentation as specified in the job posting.
Unique job features
This role uniquely combines venture capital investing with strategic corporate development in the medical technology field, offering exposure to cutting-edge healthcare innovations and cross-functional collaboration within a leading global company.
Company overview
Medtronic is a global leader in medical technology, services, and solutions, specializing in the development and manufacturing of innovative healthcare products. They generate revenue through the sale of medical devices and therapies that address chronic diseases and conditions, including cardiac and vascular, minimally invasive therapies, restorative therapies, and diabetes management. Founded in 1949, Medtronic has a rich history of pioneering medical advancements, such as the first battery-powered pacemaker, and continues to drive growth through strategic acquisitions and a strong focus on research and development.
How to land this job
Tailor your resume to highlight your experience in venture capital investing, financial analysis, and healthcare or medical technology to align with Medtronic's Principal Associate, Venture Capital role.
Emphasize your skills in conducting due diligence, market and competitive analysis, and your ability to prepare investment proposals and financial models as these are key responsibilities.
Apply through multiple channels including Medtronic’s corporate careers page and LinkedIn to increase your chances of being noticed for this position.
Connect on LinkedIn with current employees in Medtronic’s Ventures group or related corporate development teams, using ice breakers like commenting on recent Medtronic venture investments or asking about their approach to strategic investment decisions.
Optimize your resume for ATS by incorporating keywords from the job description such as 'venture capital investing,' 'financial modeling,' 'due diligence,' 'market analysis,' and 'investment proposals' to ensure it passes automated screenings.
Utilize Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and find LinkedIn contacts to network with, freeing up your time to focus on interview preparation and skill enhancement.
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