Corporate Development Manager Jobs in Illinois
Corporate Development Manager jobs in Illinois are concentrated in mergers and acquisitions, strategic partnerships, and growth equity work, with demand running from analyst-level rotational roles through vice president and director positions. Chicago anchors the market, but meaningful hiring also occurs in Deerfield and Schaumburg, where established anchors like Baxter International, Motorola Solutions, and United Airlines maintain corporate development functions. The most consistently sought specialties are M&A execution, buy-side deal sourcing, and post-merger integration. Find a role that fits below and apply directly.
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Showing 5 of 19+ Corporate Development Manager jobs
At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
The Director, Corporate Development serves as a strategic advisor and enterprise leader responsible for identifying, evaluating, and executing M&A growth opportunities that advance Allstate's long-term business objectives. This role leads all aspects of mergers and acquisitions, divestitures, and joint ventures, from opportunity assessment and valuation through transaction execution and integration planning.Partnering closely with senior executives, business leaders, Finance, Legal, Strategy, and external advisors, the Director develops perspectives on market opportunities, industry trends, and strategic alternatives while driving disciplined capital deployment and value creation. The role combines deep transaction expertise, financial acumen, executive influence, and strong external relationship management to position Allstate for future growth.
Corporate Development Strategy
- Partner with executive leadership to identify, evaluate, and prioritize strategic growth opportunities aligned to enterprise objectives.
- Develop and maintain a corporate development pipeline, including acquisitions, divestitures, and joint ventures.
- Monitor industry trends, competitive dynamics, emerging technologies, and market developments to identify potential opportunities and risks.
- Provide strategic recommendations regarding portfolio optimization, capital deployment, and business growth initiatives.
- Cultivate and manage relationships with investment banks, advisors, and other external market participants.
- Develop proprietary and advisor-led deal flow to support enterprise growth objectives.
- Represent Allstate in discussions with external partners, acquisition targets, and stakeholders.
- Lead rigorous financial modeling, business valuation, and scenario analysis to assess strategic alternatives and investment opportunities. Supplement with understanding of precedent market deals.
- Evaluate transaction economics, synergy opportunities, risks, and return expectations.
- Communicate valuation rationale, analytics, alternative valuations and recommendations to executive audience
- Lead end-to-end execution of mergers, acquisitions, and joint venture transactions.
- Direct cross-functional deal teams and coordinate diligence and deal activities across Finance, Accounting, Legal, Tax, Treasury, HR, Technology, Risk, Compliance, and business unit experts.
- Structure and negotiate transaction terms to optimize strategic and financial outcomes.
- Manage transaction timelines, governance requirements, and executive decision-making processes.
- Synthesize diligence findings into actionable recommendations for senior leadership.
- Partner with business leaders to develop integration strategies, operating models, and value creation plans.
- Establish frameworks to monitor synergy realization and transaction performance.
- Conduct post-acquisition and post-divestiture reviews to assess outcomes and capture lessons learned.
- Build and develop a high-performing corporate development function.
- Influence senior leaders and business partners through strategic insight, data-driven recommendations, and trusted advisory relationships.
- Foster collaboration across enterprise stakeholders to drive alignment and successful execution of strategic initiatives.
- 10+ years of progressive experience in corporate development, mergers and acquisitions, investment banking, private equity, transaction advisory, strategy consulting, or related disciplines.
- Significant experience leading complex transactions from origination through execution and integration.
- Demonstrated experience developing executive-level recommendations and influencing senior decision makers.
- Proven ability to lead cross-functional teams in highly complex and ambiguous environments.
- Experience within financial services, insurance, fintech, or adjacent regulated industries.
- Experience partnering with executive leadership teams.
- Prior leadership responsibility for building and developing teams.
- Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
- MBA, CFA, CPA, or other relevant advanced degree/certification preferred.
- Strategic Thinking & Enterprise Perspective
- M&A and Transaction Expertise
- Financial Modeling & Valuation
- Negotiation & Deal Structuring
- Market & Competitive Intelligence
- Relationship Management
- Executive Influence & Communication
- Cross-Functional Leadership
Skills
Compensation
CompensationCompensation offered for this role is 187,000.00 - 268,000.00 annually and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.
To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.
Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.
When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating. Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.
At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
The Director, Corporate Development serves as a strategic advisor and enterprise leader responsible for identifying, evaluating, and executing M&A growth opportunities that advance Allstate's long-term business objectives. This role leads all aspects of mergers and acquisitions, divestitures, and joint ventures, from opportunity assessment and valuation through transaction execution and integration planning.Partnering closely with senior executives, business leaders, Finance, Legal, Strategy, and external advisors, the Director develops perspectives on market opportunities, industry trends, and strategic alternatives while driving disciplined capital deployment and value creation. The role combines deep transaction expertise, financial acumen, executive influence, and strong external relationship management to position Allstate for future growth.
Corporate Development Strategy
- Partner with executive leadership to identify, evaluate, and prioritize strategic growth opportunities aligned to enterprise objectives.
- Develop and maintain a corporate development pipeline, including acquisitions, divestitures, and joint ventures.
- Monitor industry trends, competitive dynamics, emerging technologies, and market developments to identify potential opportunities and risks.
- Provide strategic recommendations regarding portfolio optimization, capital deployment, and business growth initiatives.
- Cultivate and manage relationships with investment banks, advisors, and other external market participants.
- Develop proprietary and advisor-led deal flow to support enterprise growth objectives.
- Represent Allstate in discussions with external partners, acquisition targets, and stakeholders.
- Lead rigorous financial modeling, business valuation, and scenario analysis to assess strategic alternatives and investment opportunities. Supplement with understanding of precedent market deals.
- Evaluate transaction economics, synergy opportunities, risks, and return expectations.
- Communicate valuation rationale, analytics, alternative valuations and recommendations to executive audience
- Lead end-to-end execution of mergers, acquisitions, and joint venture transactions.
- Direct cross-functional deal teams and coordinate diligence and deal activities across Finance, Accounting, Legal, Tax, Treasury, HR, Technology, Risk, Compliance, and business unit experts.
- Structure and negotiate transaction terms to optimize strategic and financial outcomes.
- Manage transaction timelines, governance requirements, and executive decision-making processes.
- Synthesize diligence findings into actionable recommendations for senior leadership.
- Partner with business leaders to develop integration strategies, operating models, and value creation plans.
- Establish frameworks to monitor synergy realization and transaction performance.
- Conduct post-acquisition and post-divestiture reviews to assess outcomes and capture lessons learned.
- Build and develop a high-performing corporate development function.
- Influence senior leaders and business partners through strategic insight, data-driven recommendations, and trusted advisory relationships.
- Foster collaboration across enterprise stakeholders to drive alignment and successful execution of strategic initiatives.
- 10+ years of progressive experience in corporate development, mergers and acquisitions, investment banking, private equity, transaction advisory, strategy consulting, or related disciplines.
- Significant experience leading complex transactions from origination through execution and integration.
- Demonstrated experience developing executive-level recommendations and influencing senior decision makers.
- Proven ability to lead cross-functional teams in highly complex and ambiguous environments.
- Experience within financial services, insurance, fintech, or adjacent regulated industries.
- Experience partnering with executive leadership teams.
- Prior leadership responsibility for building and developing teams.
- Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
- MBA, CFA, CPA, or other relevant advanced degree/certification preferred.
- Strategic Thinking & Enterprise Perspective
- M&A and Transaction Expertise
- Financial Modeling & Valuation
- Negotiation & Deal Structuring
- Market & Competitive Intelligence
- Relationship Management
- Executive Influence & Communication
- Cross-Functional Leadership
Skills
Compensation
CompensationCompensation offered for this role is 187,000.00 - 268,000.00 annually and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.
To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.
Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.
When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating. Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.
See All 19 Corporate Development Manager Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find JobsCorporate Development Manager Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Corporate Development Manager Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Medical Devices
- Consulting & Professional Services
What Illinois Employers Look For
The qualifications that appear most often in corporate development manager jobs across Illinois.
- Bachelor's degree in finance, business, or accounting from an accredited institution required
- Three or more years of experience in investment banking, private equity, or management consulting
- Demonstrated ability to build financial models and conduct valuation analyses independently
- Experience leading due diligence processes across legal, financial, and operational workstreams
- Strong communication skills to present deal recommendations to C-suite and board audiences
- Proficiency with Excel-based modeling and familiarity with data room and CRM platforms
Corporate Development Manager Jobs in Illinois: Frequently Asked Questions
How do you become a corporate development manager in Illinois?
Most corporate development managers in Illinois enter the role after several years in investment banking, private equity, or Big Four advisory work. Illinois employers typically expect a bachelor's degree in finance, accounting, or business, with an MBA viewed favorably for director-track roles. There is no state-issued license required in Illinois, but a CFA charter or relevant financial certifications strengthen candidacy significantly at competitive Chicago-area firms.
Which companies hire corporate development managers in Illinois?
Employers hiring corporate development managers in Illinois right now include JPMorganChase, PNC Financial Services, and CDW, based on current listings on Migrate Mate as of August 2026. Illinois's concentration of Fortune 500 headquarters in the Chicago metro means many of these openings sit inside large, established corporate development teams rather than early-stage or startup environments.
Which Illinois cities have the most corporate development manager jobs?
The cities with the most corporate development manager openings in Illinois are Chicago, Sauget, and Rockford. Chicago drives the largest share because of its density of Fortune 500 headquarters, major financial institutions, and private equity firms, while suburban markets like Deerfield and Downers Grove generate openings tied to large manufacturing and healthcare conglomerates with active acquisition programs.
Are there remote corporate development manager jobs in Illinois?
Yes, and more than many finance roles, since the analytical and deal-support work lends itself to distributed teams. About 83% of corporate development manager openings tied to Illinois are remote or hybrid as of August 2026, reflecting how many firms have adopted flexible arrangements post-pandemic. Deal execution phases that require on-site management presence tend to pull fully remote candidates back into hybrid schedules.
How can I get hired as a corporate development manager in Illinois with little or no experience?
The most realistic entry path is through a corporate development rotational or business development analyst program at a large Illinois employer. Companies like Abbott Laboratories, Caterpillar, and Exelon have historically run structured rotational programs that expose early-career candidates to M&A support and strategic analysis. Lateral moves from financial planning and analysis, transaction advisory, or corporate strategy roles are also common entry points that Illinois hiring managers actively consider.
Where can I find and apply to corporate development manager jobs in Illinois?
You can find and apply to corporate development manager jobs in Illinois on Migrate Mate, which lists current Illinois openings across Chicago, the suburbs, and downstate markets. Find roles that fit your experience and apply directly to each listing.
See All 19 Corporate Development Manager Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
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