Summer 2027 Corporate Development Intern (MBA)

We anticipate the application window for this opening will close on - 4 Jan 2027

Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.

A Day in the Life

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.
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

Must Have: Minimum 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

Nice to Have:

• 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 informatin

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Recruitment Fraud Alert

We are aware of phishing scams targeting job seekers. Please keep the following in mind:

Apply only through official Medtronic channels. All legitimate Medtronic recruiting communications come from approved Medtronic platforms and official @medtronic.com email addresses.

Medtronic will never ask for payment or sensitive personal information (such as bank account or Social Security details) during early stages of the hiring process. Any such requests are not legitimate.

If you receive a suspicious message claiming to be from Medtronic, do not respond, click links, or open attachments.

If you have any questions, concerns regarding the authenticity of a communication alleged to have been made by or on behalf of Medtronic, please contact us immediately at View email address on click.appcast.io.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):USA: $115,000.00 - $115,000.00

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week:

• Health, Dental and vision insurance
• Health Savings Account
• Healthcare Flexible Spending Account
• Life insurance
• Long-term disability leave
• Dependent daycare spending account
• Tuition assistance/reimbursement
• Simple Steps (global well-being program)

The following benefits and additional compensation are available to all regular employees:

• Incentive plans
• 401(k) plan plus employer contribution and match
• Short-term disability
• Paid time off
• Paid holidays
• Employee Stock Purchase Plan
• Employee Assistance Program
• Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
• Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at Medtronic benefits and compensation plans.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.