1

Product Development Jobs in Bloomington, IL (NOW HIRING)

You'll work in a collaborative environment alongside experienced scientists and contribute to real product development. What You Might Work On * Participating in general laboratory operations ...

Assisting in the development and execution of product strategies and roadmaps * Conducting market research and competitive analysis to guide product decisions * Creating product documentation such as ...

Product Analyst

Bloomington, IL · On-site

$78K - $108K/yr

How does this role make an impact? - Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product ...

Product Analyst

Bloomington, IL · On-site

$78K - $108K/yr

How does this role make an impact? - Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product ...

Participate in poke yoke designs, supplier issue resolution, current product improvement, new product development meetings and returned parts investigations. If you are a high performer and would ...

Lead material selection and technology development for steel and ferrous alloys on all Rivian products. * Provide light-metal materials support when necessary within a broader team of metallurgical ...

Learning and development programs * Mentorship programs * Cross-functional committee opportunities ... As an AI Product Manager within Compeer's Product Enablement team, you'll help us explore that ...

Learning and development programs * Mentorship programs * Cross-functional committee opportunities ... As an AI Product Manager within Compeer's Product Enablement team, you'll help us explore that ...

Senior Product Manager

Lexington, IL · On-site

$90 - $120/hr

The Senior Product Manager is responsible for the strategic development and success of core products or an entire platform portfolio. This role defines product strategy, drives the roadmap, and ...

next page

Showing results 1-20

Product Development information

See Bloomington, IL salary details

$40.8K

$121.8K

$138.6K

How much do product development jobs pay per year?

As of Sep 5, 2026, the average yearly pay for product development in Bloomington, IL is $121,811.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,800.00 and $137,200.00 per year, depending on experience, location, and employer.

What is product development?

Product development is the process of creating new products or enhancing existing products to improve market value. It includes all aspects of research, design, testing, and marketing. Product development takes months or years to implement properly because marketers and analysts watch market trends over time to determine whether a product is satisfying a consumer need or want.

What is product development?

Product development is the process of creating new products or improving existing ones to meet customer needs and business goals. It involves several stages, including idea generation, market research, design, prototyping, testing, and launching the product to the market. Product development often requires cross-functional collaboration between teams like marketing, engineering, design, and manufacturing. The goal is to deliver a product that provides value to customers and stands out in the marketplace.

What are the key skills and qualifications needed to thrive in product development, and why are they important?

To thrive in Product Development, you need expertise in market research, project management, and product lifecycle understanding, often supported by a degree in engineering, business, or a related field. Familiarity with tools like Agile software, prototyping platforms, and product management systems (e.g., Jira, Trello) is typically required. Creativity, strong communication, and cross-functional collaboration are crucial soft skills for success in this role. These competencies ensure the creation of innovative, user-centric products that successfully reach the market and meet business goals.

What are some common challenges faced by professionals in product development, and how can they be addressed?

Product Development professionals often encounter challenges such as balancing customer needs with technical feasibility, managing cross-functional team communication, and meeting tight deadlines. Navigating these issues typically involves clear prioritization, regular stakeholder check-ins, and fostering a collaborative environment with engineering, design, and marketing teams. Utilizing agile methodologies and maintaining open feedback channels can also help streamline processes and ensure alignment on project goals.

What is the difference between Product Development vs Product Management?

AspectProduct DevelopmentProduct Management
Primary FocusDesigning, creating, and building productsStrategizing, planning, and overseeing product lifecycle
Required SkillsTechnical skills, engineering, designMarket research, communication, leadership
Work EnvironmentEngineering teams, R&D, technical departmentsCross-functional teams, executive meetings
Common CertificationsEngineering degrees, technical certificationsProduct management certifications (e.g., PMP, Scrum)

Product Development focuses on creating and building products, involving technical and engineering tasks. Product Management involves strategizing, planning, and guiding the product's lifecycle, requiring strong market and leadership skills. While they collaborate closely, their core responsibilities differ: one builds, the other manages the product's success.

What job categories do people searching Product Development jobs in Bloomington, IL look for?

The top searched job categories for Product Development jobs in Bloomington, IL are:

What cities near Bloomington, IL are hiring for Product Development jobs?

Cities near Bloomington, IL with the most Product Development job openings:

Infographic showing various Product Development job openings in Bloomington, IL as of August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 20% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $121,811 per year, or $58.6 per hour.

2027 Engineering Rotational Development Program (ERDP) - Product Development Track

Caterpillar Inc.

Morton, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago


Caterpillar Inc. rating

7.5

Company rating: 7.5 out of 10

Based on 489 frontline employees who took The Breakroom Quiz

274th of 499 rated machine equipment manufacturers


Job description

Career Area:

Engineering

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Start Your Career with Purpose

Are you ready to apply your engineering education to real-world challenges? Caterpillar's Engineering Rotational Development Program (ERDP) is designed for entry-level professionals like you. Through rotational assignments, you'll continue developing your skills and knowledge-helping you achieve your career goals while contributing to Caterpillar's mission of delivering exceptional products, services, and technologies to our customers. Our Engineering Rotational Development Program is an entry-level program designed to build employees' skill sets within the discipline and continue growth, even after the successful completion of the program.

This 12 to 18-month program provides practical experience across multiple engineering teams and technologies. It's more than just a job, it's a launchpad for your future at one of the world's leading manufacturers of construction and mining equipment.

What the Program Offers

As part of the ERDP, you'll rotate through different teams and projects that match your skills, knowledge, and abilities. You'll work on meaningful projects, connect with mentors, and get exposure to various areas of the company. Here are just a few paths you might explore:

  • Product Design: Design components and systems for Caterpillar products to meet customer needs. Collaborate with cross-functional teams throughout the value chain-from concept to production-to deliver effective solutions.
  • Simulation/Performance Analysis: Conduct analyses such as CFD [Computational Fluid Dynamics] (ANSYS), FEA [Finite Element Analysis], 3D modelling, system/subsystem/component design optimization, structural dynamics, development and optimization of engine, aftertreatment, battery, fuel cell, powertrain, and/or machine system performance.
  • Test/Validation/Hands-on: Apply strong mechanical engineering understanding in a test/validation (hands-on) environment, troubleshooting issues, and collaborating with others for optimal results.
  • Controls Development: Develop/implement control system algorithms using Matlab/Simulink for various control systems including, but not limited to, engine controllers, machine implement controllers, as well as powertrain controllers. Will be responsible for understanding the feature requirement, implementing it, as well as testing it prior to a production rollout.
  • Electronic Components: Design and test various electronic control modules, as well as various electronic components. Work with various internal Caterpillar clients to understand controller/component requirements, help design PCB [Printed Circuit Board] layouts, as well as perform digital/analog/power circuit analysis and testing. Other duties may include working with suppliers, testing the controllers/components in various environments, ensuring that FMEAs [Failure Mode and Effects Analysis] are conducted and documented to meet stringent Caterpillar quality requirements.
  • Embedded Software Development: Develop embedded software in C, C#, and/or C++ for various electronic control modules. Some examples of embedded software development applications include Datalink communications, inputs and outputs (sensors and actuators), speed calculation, injection/spark timing, memory management, CPU optimization, multi-core design and implementation. In addition, some areas of work include developing scripts in Python/Visual Basic for automation.
  • Software Validation/Verification for Electronic Systems: Verify functionality of a feature or control system algorithm on a HIL [Hardware in the Loop] simulator bench or a SIL [Software in the Loop] system. Understand the requirements of the feature and/or the schematics of the controller/control system, verify functionality and debug/report anomalies to the development team, and help validate fixes.
  • Engineering Data Analytics: Write and understand computer code, Python, analytics/data science experience, apply machine learning concepts/tools, engineering and statistics fundamentals.
  • Process Engineering: Apply mechanical, manufacturing, systems and/or industrial engineering knowledge to analyze and optimize an engineering process or processes. Leverage problem-solving and communication skills.

What You Have - Skills and Experiences

In this role, you will have the opportunity to contribute your unique skills and experiences. Below are some of the most critical skills:

  • Analytical skills, initiating ideas, troubleshooting, root cause analysis, problem-solving, and critical thinking capabilities
  • Knowledge of engineering principles, theory, and engineering experience gained through projects, internships, and/or relevant work experience
  • Fundamental understanding of engineering for a manufacturing environment and the ability to design and implement materials, structures, machines, devices, systems, and processes that safely realize a desired objective or invention
  • Ability to manage multiple projects simultaneously and quickly acquire and apply new skills and knowledge
  • Collaborate with others of diverse cultures, interpersonal styles, and abilities
  • Strong written and verbal communication skills
  • Participate in and build on our inclusive, constructive, and productive work environment
  • Ensure all team members' contributions are recognized and valued

Program Qualifications

  • Must have an ABET-accredited Bachelor's or master's degree in mechanical, Electrical, Computer, Agricultural, or Aerospace Engineering; Engineering Technology; or a related technical discipline (selected candidates must obtain their degree before they start)
  • Must have a minimum cumulative grade point average (GPA) of 3.0/4.0 or higher (no rounding)
  • Candidates with prior professional work experience must have 12 months or less of such experience, excluding internships
  • Willing to relocate and travel as needed

Top Candidates May Also Have

  • Involvement with a campus design/competition team or related experience
  • Project or team leadership experience
  • Previous technical internship/co-op or relevant experience
  • Excellent interpersonal and communication skills
  • Intellectual curiosity, adaptability, and a willingness to learn by doing

Additional Information

  • Must attach your resume and an unofficial/official copy of your transcript to your application
  • Applicants will be considered for positions throughout the United States
  • Most positions are based in Peoria, Illinois , with limited availability in other United States' locations
  • This is a Monday through Friday, in-person opportunity -perfect for building relationships, learning fast, and diving deep into your rotations
  • Sponsorship is NOT available for this position
  • Relocation is available to those who qualify
  • 2027 available start dates - February 1, 2027; June 7, 2027; July 12, 2027; or August 2, 2027 (seats are limited for each start date)

Why Choose Caterpillar?

We're a values-driven company where you'll feel your work matters-whether you're optimizing machine performance, writing embedded code, or designing the next innovation in clean energy. You'll gain access to top-tier mentorship, technical resources, and real ownership of your work from day one.

Final Details

Please regularly check the email associated with your application-including your junk/spam folder-as this will be our primary method of communication. To check the status of your application, please visit our career website using the candidate login, as it will reflect any updates to your status.

Interested applicants should explore our direct hire positions at www.caterpillar.com/careers . For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

Summary Pay Range:

$81,370.00 - $133,810.00

Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.

Benefits:

Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.

  • Medical, dental, and vision benefits*
  • Paid time off plan (Vacation, Holidays, Volunteer, etc.)*
  • 401(k) savings plans*
  • Health Savings Account (HSA)*
  • Flexible Spending Accounts (FSAs)*
  • Health Lifestyle Programs*
  • Employee Assistance Program*
  • Voluntary Benefits and Employee Discounts*
  • Career Development*
  • Incentive bonus*
  • Disability benefits
  • Life Insurance
  • Parental leave
  • Adoption benefits
  • Tuition Reimbursement
  • These benefits also apply to part-time employees

Relocation is available for this position.

Visa Sponsorship is not available for this position.

Posting Dates:

August 17, 2026 - December 30, 2026

Any offer of employment is conditioned upon the successful completion of a drug screen.

Caterpillar is an Equal Opportunity Employer, Including Veterans and Individuals with Disabilities. Qualified applicants of any age are encouraged to apply.

Not ready to apply? Join our Talent Community .


What Caterpillar Inc. employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom