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