Senior Associate, Business Development - Investments

The Senior Associate, Business Development - Investments at Mayo Clinic supports the organization’s business development efforts through individual-contributor execution of sourcing, analysis, diligence, and investment activities aligned with Mayo priorities. This hybrid role is based in Rochester, MN.

What You’ll Do

• Support the mission of Mayo Clinic Business Development by completing assigned workflows and processes.
• Develop assessments, reports, analyses, business plans, market research, and other project materials for multiple concurrent initiatives.
• Contribute to overall project management while organizing and managing work across active projects.
• Source, evaluate, analyze, and develop new business opportunities for Mayo Clinic, including partnerships, joint ventures, new company spin-offs, investments, and mergers and acquisitions.
• Collaborate across Mayo Clinic and with marketplace stakeholders to identify opportunities and connect them to existing operational units in line with the strategic plan, prioritized market opportunities, and competitive activity.
• Contribute to building a network of industry, entrepreneurial, and investor contacts to support business development and commercialization activities.
• Source, evaluate, and help execute strategic and financial investments, ensuring each opportunity meets defined investment criteria, return thresholds, and governance requirements.
• Assist with portfolio management and advise executive and department leadership on critical financial decisions.
• Originate, assess, and execute investment opportunities, including scenario analysis, valuation, and comprehensive diligence.
• Work with departments, investment committees, and teams to facilitate investments aligned with Mayo’s strategy.
• Manage post-deal activities, including governance and reporting.
• Evaluate commercial potential of medical inventions and discoveries from Mayo’s clinical and research activities.
• Develop and implement technology sales and marketing plans, manage patent processes, identify potential commercial partners, and negotiate license agreements and other commercialization arrangements.
• Collaborate to facilitate development and commercialization of Mayo technologies by working with internal teams and external companies, entrepreneurs, and investors, with an emphasis on improving patient care and outcomes.

Education

• Master’s degree required
• Advanced degree preferred: PhD, MD, or JD

Required Experience

• Minimum 1 year of specific experience related to the role and area of work
• Relevant areas include: business development, finance/venture capital, technology transfer, venture management, IP commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, and start-up companies or sourcing partnering opportunities in healthcare and medical/biotechnology

Additional Eligibility Details

• Alternative option: Bachelor’s degree plus minimum 3 years experience parallel to the above
• Two years of experience directly related to technology licensing for roles within the Commercialization Work Unit
• Degree requirement can be met in lieu of a degree through experience equivalency (four years for Bachelor’s; two years for Master’s; two years for an advanced degree)

Key Skills & Qualifications

• Ability to perform in a business development or technology commercialization role and navigate complex inter- and intra-organizational relationships
• Strong verbal and written communication skills across diverse stakeholders
• Strong project and time management skills to handle multiple initiatives simultaneously
• Entrepreneurial or intrapreneurial qualities
• Strong analytical skills, self-directed execution, and resourcefulness

Preferred / Considered Experience

• Depending on assignment, additional preferred skills may include: business plan creation, due diligence, market research, marketing plan development, concept analysis, business model development, financial pro-forma development and analysis, legal/regulatory issues assessment, monitoring product or operating unit performance, technical sales, negotiations, contract drafting, and evaluation of scientific and commercialization potential
• Experience evaluating medical technologies
• Experience working with relevant work teams may receive special consideration
• Additional consideration may be given for: experience with an academic medical center, mergers and acquisitions, financial modeling and analytical valuation, Chartered Financial Analyst certification (in progress or complete), and experience with a national consulting firm in related industries

Schedule and Work Arrangement

• Location: Rochester, MN (hybrid)
• Full Time
• Hours / pay period: 80
• Weekend schedule: Not Applicable
• International assignment: No

Compensation and Exemption

• Compensation: $107,400 - $150,400 per year
• Exemption status: Exempt
• Benefits eligible: Yes

Benefits

• Medical: Multiple plan options
• Dental: Delta Dental or reimbursement account for flexible coverage
• Vision: Affordable plan with national network
• Pre-Tax Savings: HSA and FSAs for eligible expenses
• Retirement: Competitive retirement package

Visa Sponsorship

• This position is not eligible for sponsorship, and Mayo Clinic will not sponsor or transfer visas.
• Mayo Clinic does not participate in the F-1 STEM OPT extension program.