Principal Pricing Strategy Analyst - Minneapolis, MN

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.

About the role

As a Principal Pricing Strategy Analyst at Medtronic, you will play a critical role in developing and executing pricing strategies that support our innovative medical products and put patients first. In this role, you’ll collaborate closely with cross-functional teams to analyze market trends, review competitive pricing, and recommend strategies that ensure compliance and maximize value across all customer and market segments. You will lead key pricing initiatives alongside your business partners while leveraging expertise to directly influence contract negotiations, product launches, and operational efficiency.

This position is primarily onsite, fostering a dynamic environment of professional growth, teamwork, and continuous improvement. At Medtronic, we work a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration.

Responsibilities

• Advise on pricing strategies for current and future products across all relevant customer and market segments.
• Develop and communicate the impacts of proposed and/or implemented pricing strategies and governance.
• Create price recommendations to ensure compliance with established policies.
• Review competitive activity to determine pricing for new products.
• Provide input on final pricing contracts and agreements.
• Foster strong business partnerships with cross-functional internal stakeholders, including facilitation of various pricing analyses and metrics.
• Manage large projects or processes, functioning as a pricing subject matter expert between the enterprise and the operating unit.
• Provide guidance and training to colleagues within the job area.

Requirements

To be considered for this role, please ensure the following information is evident on your resume:

• High School Diploma or equivalent, with 8+ years of relevant experience in Pricing or Contracts, or equivalent experience
• OR Associate’s Degree with 6+ years of relevant experience
• OR Baccalaureate Degree with 4+ years of relevant experience

Skills

Nice to Have:

• Experience developing pricing strategies in medical device, healthcare, or other regulated industries
• Knowledge of market research, competitive analysis, and pricing impact assessment methods
• Ability to develop pricing recommendations aligned with policy, compliance, and market dynamics
• Experience supporting contract pricing, commercial agreements, or pricing governance processes
• Skills in interpreting pricing metrics, business performance data, and analytical outputs
• Experience partnering with cross-functional stakeholders across pricing, contracts, sales, and marketing
• Ability to influence pricing decisions and support negotiation strategy through data-driven insights
• Experience managing large pricing projects or serving as a pricing subject matter expert
• Skills in coaching, training, or providing guidance to colleagues within pricing or contracts functions
• Advanced degree in business, finance, economics, or a related field preferred

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 physical demands described 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.

U.S. Work Authorization & Sponsorship

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.

Benefits

Medtronic offers a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week:

• 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
• Simple Steps (global well-being program)
• Incentive plans (Medtronic Incentive Plan - MIP)
• 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)
• 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.

Pay

Salary ranges for U.S (excl. PR) locations (USD): $110,400.00 - $165,600.00. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location.

Schedule

This position is primarily onsite, with a minimum of 4 days a week onsite required.