2027 MBA University Graduate - Manager, Corporate Development

Adobe; San Jose (CA); On-site; USD 146,000 - 212,000; Full time

Job summary

Adobe’s Corporate Development team seeks an MBA student for a full-time internship in California, focusing on inorganic growth through acquisitions and investments. You’ll work with VPs and C-suite executives, building financial models and valuation analyses to shape strategic options and deal decisions.

You’ll analyze TAM, market landscapes, and potential partnerships, coordinating due diligence and cross-functional workstreams.

Qualifications

• Understanding of core Accounting/Finance concepts.
• Ability to build financial models and perform valuation.
• Strategic development and internal communication skills.
• Project management experience.
• External facing communication and relationship management.
• Exposure to software development and architecture is a plus.
• Familiarity with transaction-related legal concepts is a plus.
• Ability to leverage AI to augment research and workflows.

Responsibilities

• Partner with internal stakeholders to develop strategic investment themes and assess opportunities.
• Identify product gaps and evaluate build/partner/buy options for acquisitions.
• Conduct analyses including TAM, competition, customer overlaps, and financial models.
• Coordinate all M&A process elements including due diligence and data rooms.
• Develop understanding of new customer segments, market trends, and industry positioning.
• Build an external network of industry specialists to gain insights.

Skills

Financial modeling

Valuation

Strategic thinking

Stakeholder communication

Project management

External relationship management

AI-assisted research

Education

MBA student

Job description

The Opportunity

Adobe generated ~$24B revenue in FY 2025 and has completed ~$12B+ in strategic acquisitions since 2018. Our Corporate Development team identifies, sources, evaluates, and executes Adobe's inorganic growth strategy, including acquisitions and investments. Much of our time is spent with Adobe's business unit VPs and C-suite, but we also work closely with the Corporate Strategy team on big picture projects from the Adobe executives.

The Opportunity

Adobe generated ~$24B revenue in FY 2025 and has completed ~$12B+ in strategic acquisitions since 2018. Our Corporate Development team identifies, sources, evaluates, and executes Adobe's inorganic growth strategy, including acquisitions and investments. Much of our time is spent with Adobe's business unit VPs and C-suite, but we also work closely with the Corporate Strategy team on big picture projects from the Adobe executives.

What You'll Do

• Partner with internal stakeholders to develop strategic investment themes and assess potential acquisition and investment opportunities
• Identify product gaps, evaluate build/partner/buy options, and collaborate on target selection
• Conduct comprehensive, meticulous analyses to influence decision-making, including industry TAM, competitive landscapes, customer overlaps, as well as valuation and financial models
• Coordinate all aspects of the M&A process (e.g., due diligence, data rooms, internal approvals/ updates), M&A integration workstreams/handoff
• Establish a robust understanding of new customer segments, industry trends, market positioning, and emerging companies
• Develop external network of industry specialists to bring outside-in knowledge of market trends and opportunities

What You'll Need To Succeed

• Currently enrolled in a full-time MBA program and graduating between December 2025 – June 2026
• Understanding of core Accounting/Finance concepts and general acquisition/investment workflow/process
• Ability to build financial models, including valuation work
• Strategy development and internal communication
• Project management skills
• External facing communication and relationship management skills
• Understanding of software development and architecture is a plus
• Understanding of legal aspects related to transaction work is a plus
• Ability to efficiently use AI to supplement research and workflows

About Adobe

Adobe empowers everyone to create through innovative platforms and tools that unleash creativity, productivity and personalized customer experiences. Adobe's industry-leading offerings including Adobe Acrobat Studio, Adobe Express, Adobe Firefly, Creative Cloud, Adobe Experience Platform, Adobe Experience Manager, and GenStudio enable people and businesses to turn ideas into impact, powered by AI and driven by human ingenuity.

Our 30,000+ employees worldwide are creating the future and raising the bar as we drive the next decade of growth. We're on a mission to hire the very best and believe in creating a company culture where all employees are empowered to make an impact. At Adobe, we believe that great ideas can come from anywhere in the organization. The next big idea could be yours.

Let's Adobe together

At Adobe, we believe in creating a company culture where all employees are empowered to make an impact. Learn more about Adobe life, including our values and culture, focus on people, purpose and community, Adobe for All, comprehensive benefits programs, the stories we tell, the customers we serve, and how you can help us advance our mission of empowering everyone to create.

Adobe is proud to be an Equal Employment Opportunity employer. We do not discriminate based on gender, race or color, ethnicity or national origin, age, disability, religion, sexual orientation, gender identity or expression, veteran status, or any other protected characteristic. Learn more.

Adobe aims to make our Careers website and recruiting process accessible to any and all users. If you have a disability or special need that requires accommodation to navigate our website or complete the application process, email [e-mail].

AI Use Guidelines for Interviews

Our interviews are designed to reflect your own skills and thinking. The use of AI or recording tools during live interviews is not permitted unless explicitly invited by the interviewer or approved in advance as part of a reasonable accommodation. If these tools are used inappropriately or in a way that misrepresents your work, your application may not move forward in the process.

At Adobe, we empower employees to innovate with AI - and we look for candidates eager to do the same. As part of the hiring experience, we provide clear guidance on where AI is encouraged during the process and where it’s restricted during live interviews. See how we think about AI in the hiring experience.

Expected Pay Range

Our compensation reflects the cost of labor across several U.S. geographic markets, and we pay differently based on those defined markets. The U.S. pay range for this positionis $111,200 - $211,850 annually. Paywithin this range varies by work locationand may also depend on job-related knowledge, skills,and experience. Your recruiter can share more about the specific salary range for the job location during the hiring process. In California, the pay range for this position is $146,300 - $211,850

At Adobe, for sales roles starting salaries are expressed as total target compensation (TTC = base + commission), and short-term incentives are in the form of sales commission plans. Non-sales roles starting salaries are expressed as base salary and short-term incentives are in the form of the Annual Incentive Plan (AIP).

In addition, certain roles may be eligible for long-term incentives in the form of a new hire equity award.

State-Specific Notices

California

Fair Chance Ordinances

Adobe will consider qualified applicants with arrest or conviction records for employment in accordance with state and local laws and "fair chance" ordinances.

Colorado

Application Window Notice

If this role is open to hiring in Colorado (as listed on the job posting), the application window will remain open until at least the date and time stated above in Pacific Time, in compliance with Colorado pay transparency regulations. If this role does not have Colorado listed as a hiring location, no specific application window applies, and the posting may close at any time based on hiring needs.

Massachusetts

Massachusetts Legal Notice

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.