Summer 2027 Corporate Development Intern (MBA)
Medtronic
Summary
The Medtronic Corporate Development group has primary responsibility for Medtronic Corporate Development projects including mergers and acquisitions, joint ventures, minority investments, technology licenses and divestitures. This role is fast paced, dynamic and provides unique access to Medtronic leadership.
Job description
The Corporate Development Intern participates in the Medtronic Corporate Development activity by performing market analysis, financial analysis, deal structuring and negotiation, due diligence coordination, and preparation for presentations. The Intern is responsible for executing project requirements, financial modeling and preparing and presenting proposals and recommendations to management. In addition, the Intern may interact with senior leadership on special projects. The Intern is required to work in close partnership with project teams that generally include personnel from all levels of leadership and in various corporate and/or business unit functional departments including business development, marketing, research, finance, tax, law, human resources, purchasing and procurement, information technology, quality assurance, and regulatory. The Intern generally is required to participate in 4 to 6 active projects at any one time, often times under tight timelines.
Why Join Corporate Development?
- Help shape Medtronic’s inorganic growth strategy and long-term portfolio
- Gain experience across acquisitions, investments, partnerships, licensing transactions, joint ventures, and divestitures
- Evaluate opportunities across Medtronic’s global businesses and therapeutic areas
- Partner directly with senior executives, business leaders, and experienced transaction professionals
- Build expertise at the intersection of strategy, finance, healthcare innovation, and transaction execution
- Develop leadership capabilities that can support future opportunities across Medtronic
A Day in the Life
- Evaluate acquisitions, strategic investments, partnerships, licensing opportunities, joint ventures, and divestitures in support of Medtronic's long-term strategic objectives
- Assess the strategic, financial, operational, and organizational implications of potential transactions, including risks, synergies, and integration considerations
- Perform financial analysis and develop valuation, transaction, and scenario models to support investment recommendations
- Present strategic analyses, transaction recommendations, and key findings to senior leaders
- Lead core transaction workstreams and support cross-functional diligence processes from evaluation through execution
- Gain experience across Medtronic's businesses and the broader medical technology ecosystem while developing future leadership capabilities
Requirements
- Currently enrolled in a fulltime MBA program (class of Spring 2028)
- 5+ years of experience with an MBA
- Eligible to work in the U.S. on a permanent basis without the need for future sponsorship for an employment visa
- Participants must be able to participate full time as part of our intern cohort in the Minneapolis office 4 days a week: Monday, June 14 - Friday, August 20th 2027
- Medical device or healthcare industry experience
- M&A and strong valuation experience
- Strong leadership skills
- Excellent oral and written communication skills
- Strong interpersonal skills with the ability to influence and lead others
- Strong organization and prioritization skills with the ability to manage several projects simultaneously
- Ability to perform under pressure and in a very dynamic environment
- A high degree of initiative and motivation
- Strong strategic thinking
- Ability to understand complex technical product information
Benefits
- Health, Dental & Vision Insurance
- Health Savings Account
- Healthcare Flexible Spending Account
- Life Insurance
- Long-term Disability Leave
- Dependent Daycare Spending Account
- Tuition Assistance
- 401(k) Plan with Match
- Short-term Disability
- Paid Time Off
- Paid Holidays
- Employee Stock Purchase Plan
- Employee Assistance Program
Company overview
Medtronic is a global healthcare technology leader and one of the world's largest medical device companies, founded in 1949 in Minneapolis, Minnesota. The company operates in over 150 countries and employs more than 90,000 people worldwide. Medtronic's mission is to alleviate pain, restore health, and extend life through innovative medical technologies. The company develops and manufactures devices and therapies to treat more than 70 health conditions, including cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more. With a rich history that began with the invention of the battery-powered pacemaker, Medtronic has grown into a diversified healthcare technology company with four main business units: Minimally Invasive Therapies Group, Diabetes Group, Restorative Therapies Group, and Cardiac and Vascular Group. The company's therapies help approximately 72 million people annually and represent a significant force in advancing medical technology to address some of humanity's most challenging health problems.