2027 Intern - Corporate Development, Global M&A

About the job

Introduction

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.

Your role and responsibilities

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 Responsibiliti****es: • 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

Required education

Bachelor's Degree

Preferred education

Master's Degree

Required technical and professional expertise

• 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

Preferred technical and professional experience

• 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.

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