2027 Intern - Corporate Development, Global M&A

IBM Corporate Development leads the company's M&A activities, including acquisitions, divestitures, and minority investments, in support of IBM's global strategy. The team oversees the full transaction lifecycle, from M&A strategy and target identification through evaluation, execution, and closing, in partnership with IBM's business units and corporate leadership. As a Corporate Development Intern, you'll work on live deals alongside associates and senior deal professionals.

You'll see how transactions come together from start to finish, from the first look at a target through diligence, approval, and integration planning. It's a fast-paced team, and interns are expected to contribute real work from the first week.

Key Responsibilities

• Researching industries and competitors to identify and assess potential targets that fit IBM's strategic priorities
• Helping prepare presentations and investment memos for IBM's senior leadership
• Building and updating financial models to evaluate acquisition targets, investment returns, and deal structures
• Supporting due diligence by reviewing data room materials, tracking open items, and summarizing findings across legal, finance, tax, and business unit workstreams
• Keeping deal timelines and workstream trackers up to date
• Actively enrolled in an MBA program
• Strong financial modeling and valuation skills
• Strong Excel, PowerPoint, and communication skills
• Available for a full-time internship in summer 2027
• One or more years of pre-MBA experience in investment banking, private equity, corporate development, transaction advisory, software strategy or product management, or technology consulting.
• Technology M&A deal experience.
• Interest in and experience with the enterprise technology sector, including enterprise software, AI, data, hybrid cloud, and IT services, through product management, strategy, corporate development, or a comparable field.
• Familiarity with PitchBook or FactSet.. United States Enterprise Operations Hybrid Internship New York, US New York (0147) International Business Machines Corporation Artificial Intelligence Communication Consulting Corporate Development Enterprise Software FactSet Financial Modeling Investment Banking Mergers & Acquisitions Private Equity Product Management Strategy Valuation Transaction Advisory Hybrid Clouds Information Technology Services Technology Software Strategy