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Principal Business Strategy Analyst

Discover. A brighter future.

With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.

Come build your future, while being the reason millions of people find a brighter financial future with Discover.

Job Description:

What You'll Do

Supports various stages of strategy development, including but not limited to evaluating and performing analysis for various strategy, business optimization, and business growth initiatives. Understands the payments market landscape. Conducts and may lead components of analysis, including research on the market landscape, financial analysis, and due diligence. Collaborates with internal and external relationships to support aspects of strategy development, business optimization, and business growth initiatives. Supports functional colleagues in the execution of initiatives. Fosters a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.


How You'll Do It

  • Research and investigate industry trends and opportunities in support of Discover’s strategy by selecting methods and techniques for obtaining solutions.
  • Works on problems and projects of diverse scope related to advancing business objectives and growth strategies.
  • Conducts analysis on business opportunities and business projects.
  • Coordinates with cross-functional teams and external resources on processes related to strategy development and required due diligence.
  • Develops presentation materials regarding opportunities, analysis, and or transactions and recommendations to leadership. May lead components of presentations (e.g., financial technical analysis) to leadership.


Qualifications You'll Need

The Basics

  • Bachelors Business Administration and Management, or related
  • 4+ years M&A, investment banking, corporate development, transaction advisory, consulting, or related
  • In Leui of degree, 8+ years M&A, investment banking, corporate development, transaction advisory, consulting, or related


Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

  • Primarily remain in a stationary position.
  • No required movement about the work environment to complete the major responsibilities of the job.
  • Primarily performed indoors in an office setting.
  • Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.


Bonus Points If You Have

  • Masters Business Administration and Management
  • 1+ years Payments, financial services, or related

 

 


Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Mar-31-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $91,000.00 to $153,400.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

  • Paid Parental Leave

  • Paid Time Off

  • 401(k) Plan

  • Medical, Dental, Vision, & Health Savings Account

  • Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances

  • Recognition Program

  • Education Assistance

  • Commuter Benefits

  • Family Support Programs

  • Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com.

What are you waiting for? Apply today!

All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights)

Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant’s qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance).

Positions marked as remote eligible are limited to remote locations within the country in which the position is based.

Applicants must be 18 or older at the time of hire.

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Average salary estimate

$122200 / YEARLY (est.)
min
max
$91000K
$153400K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Principal Business Strategy Analyst, Discover

At Discover, we are on the lookout for a talented Principal Business Strategy Analyst to join our dynamic team in Riverwoods, IL. This is your chance to dive into meaningful work from day one in a setting that embodies collaboration and growth. Here, we believe in three core principles – we play to win, we get better every day, and we succeed together. As a Principal Business Strategy Analyst, you will support various stages of strategy development and business optimization. You’ll analyze the payments market landscape and contribute valuable insights to drive our business growth initiatives. You’ll work on diverse projects, conducting market and financial analyses while collaborating with both internal and external stakeholders. One of your key responsibilities will include presenting your findings and recommendations to leadership, ensuring that our strategies align with our business objectives. We value your unique perspective and are committed to fostering an environment where you can shine. If you possess a Bachelor’s degree in Business Administration and have extensive experience in M&A or consulting although a Master's degree would certainly give you an edge, then you're on the right path to a rewarding career with us. Join Discover and help millions find a brighter financial future while advancing your own career in a supportive setting committed to your growth and success.

Frequently Asked Questions (FAQs) for Principal Business Strategy Analyst Role at Discover
What are the main responsibilities of a Principal Business Strategy Analyst at Discover?

As a Principal Business Strategy Analyst at Discover, your main responsibilities include evaluating business growth initiatives, conducting market research, and performing financial analyses. You will work on cross-functional projects, collaborating with various teams to ensure the development of effective business strategies. Your role also involves preparing presentation materials for leadership and leading components of analysis to support our strategic goals.

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What qualifications are required for the Principal Business Strategy Analyst position at Discover?

To qualify for the Principal Business Strategy Analyst role at Discover, you should have a Bachelor’s degree in Business Administration or Management, alongside 4+ years of relevant experience in M&A, investment banking, or consulting. Alternatively, if you do not have a degree, at least 8 years of experience in a related field will also be considered. A Master’s degree can be a plus!

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How can a Principal Business Strategy Analyst contribute to Discover's culture of risk management?

In the role of Principal Business Strategy Analyst at Discover, you will play a crucial part in fostering a culture of risk management by demonstrating risk awareness in your analyses and presentations. You will be expected to incorporate effective risk management practices into strategy development, ensuring that every initiative aligns with our organizational values and accountability standards.

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What opportunities for growth exist for a Principal Business Strategy Analyst at Discover?

At Discover, growth opportunities for a Principal Business Strategy Analyst are abundant. We encourage you to develop your skills through various internal programs, mentorship opportunities, and potential leadership roles. By contributing to significant business initiatives, you will enhance your experience, enabling you to take on greater responsibilities and make a meaningful impact within the company.

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What kind of benefits can I expect as a Principal Business Strategy Analyst at Discover?

As a Principal Business Strategy Analyst at Discover, you can expect a comprehensive benefits package that includes paid parental leave, time off, a 401(k) plan, and various health benefits such as medical, dental, and vision coverage. We also offer educational assistance, commuter benefits, recognition programs, and an Employee Stock Purchase Plan, all designed to support your overall well-being.

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Common Interview Questions for Principal Business Strategy Analyst
Can you describe your experience with financial analysis as a Principal Business Strategy Analyst?

In answering this question, share specific examples of financial analyses you have conducted in previous roles. Focus on the methodologies you used, the data you analyzed, and how your insights contributed to strategic decision-making. Highlight your ability to simplify complex financial concepts for diverse audiences.

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How do you approach researching industry trends and opportunities?

Discuss your approach to gathering and analyzing data from multiple sources, such as market reports, competitor analysis, and industry news. Highlight tools or techniques you prefer for research and how you apply your findings to align with business strategy.

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What strategies do you use to collaborate with cross-functional teams?

Share examples of successful collaborations where you coordinated with various departments. Talk about communication tools and techniques you employ to ensure clarity and alignment on shared goals.

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Could you give an example of a time you led a presentation to senior leadership?

When responding, describe the context of the presentation, the data presented, and the feedback received. Emphasize your ability to convey complex information in an engaging manner and how you tailored your approach for the audience.

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How do you handle unexpected challenges in strategic projects?

Illustrate your problem-solving skills by discussing a specific challenge you faced and the steps you took to address it. Highlight your analytical thinking, adaptability, and how you ensured the project remained on track.

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What techniques do you use for effective risk management in your analyses?

Discuss your understanding of risk management principles and methods you utilize to identify and assess risks associated with business opportunities. Provide a recent example where your risk analysis led to informed decision-making.

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How do you ensure your recommendations align with business objectives?

Emphasize your analytical framework for assessing opportunities and ensuring alignment with strategic goals. Talk about collaboration with stakeholders to validate assumptions and understanding of business priorities.

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What role does communication play in your position as a Principal Business Strategy Analyst?

Explain how effective communication is crucial in your role. Provide examples of how you convey insights and foster discussions among different teams, emphasizing active listening and feedback mechanisms.

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Describe your experience in conducting due diligence.

Detail your experience in due diligence processes, explaining your role in assessing potential business deals, evaluating financial documents, and identifying any risks involved. Highlight how you ensure thorough analysis to mitigate risks in decisions.

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What motivates you in a Principal Business Strategy Analyst role at Discover?

Connect your personal goals and values with Discover's mission. Discuss how the opportunity to contribute to meaningful projects and the culture of growth and collaboration drives your passion to succeed in this role.

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To help people spend smarter, manage debt better and save more so they can achieve a brighter financial future.

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Full-time, on-site
DATE POSTED
March 27, 2025

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