2027 Intern - Corporate Development, Global M&A

Job description

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 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 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. . IBM is committed to creating a diverse environment and is proud to be an equal-opportunity employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, caste, genetics, pregnancy, disability, neurodivergence, age, veteran status, or other characteristics. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.