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Product Development Internship information

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How much do product development internship jobs pay per hour?

As of Aug 20, 2026, the average hourly pay for product development internship in the United States is $21.19, according to ZipRecruiter salary data. Most workers in this role earn between $17.31 and $24.04 per hour, depending on experience, location, and employer.

What is a product development internship?

A Product Development Internship is a temporary position where students or recent graduates work with a company’s product team to gain practical experience in creating, improving, and launching products. Interns typically assist with market research, product design, prototyping, user testing, and project coordination. This role provides hands-on learning about the end-to-end product development process, working alongside professionals from engineering, marketing, and design. Interns also develop valuable skills in teamwork, communication, and problem-solving, which are essential for a career in product development.

What types of projects and responsibilities can I expect during a product development internship?

As a Product Development Intern, you can expect to be involved in a variety of tasks such as conducting market research, assisting with prototype creation, analyzing user feedback, and collaborating with cross-functional teams like engineering, design, and marketing. Interns often help track project timelines, document product requirements, and participate in brainstorming sessions for new features or improvements. This hands-on experience provides valuable exposure to the full product lifecycle and helps interns develop practical skills in teamwork, communication, and problem-solving.

What are the key skills and qualifications needed to thrive as a product development intern, and why are they important?

To thrive as a Product Development Intern, you typically need a background in business, engineering, or related fields, with strong analytical and problem-solving skills. Familiarity with prototyping tools, project management software, and data analysis platforms is often required. Creativity, effective communication, and teamwork are essential soft skills that help interns contribute innovative ideas and collaborate with cross-functional teams. These skills enable interns to support the product development process, adapt to dynamic project needs, and help drive successful product outcomes.

What is the difference between Product Development Internship vs Product Management Internship?

AspectProduct Development InternshipProduct Management Internship
Primary FocusAssisting in designing, developing, and testing new productsOverseeing product lifecycle, strategy, and market positioning
Required SkillsTechnical skills, engineering knowledge, prototypingMarket research, communication, strategic planning
Work EnvironmentEngineering teams, R&D labs, product designCross-functional teams, marketing, sales, executive meetings
Common UsageUsed by companies to find interns supporting product creationUsed for roles focusing on product strategy and business growth

While both internships involve working on products, a Product Development Internship emphasizes technical design and creation, whereas a Product Management Internship focuses on strategy, market analysis, and overall product lifecycle management. Understanding these differences helps candidates choose the internship that aligns with their skills and career goals.

What would a product development internship do?

A product development internship involves assisting in the design, testing, and improvement of new products or features. Interns often collaborate with cross-functional teams, use tools like CAD or project management software, and gain experience in market research, prototyping, and product lifecycle processes.

What cities are hiring for Product Development Internship jobs?

Cities with the most Product Development Internship job openings:

What are the most commonly searched types of Product Development jobs?

The most popular types of Product Development jobs are:

What states have the most Product Development Internship jobs?

States with the most job openings for Product Development Internship jobs include:

Infographic showing various Product Development Internship job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $44,083 per year, or $21.2 per hour.

2027 Summer MBA Corporate Development Internship

Medtronic

Minneapolis, MN • On-site

Other

This job post has expired 1 day ago. Applications are no longer accepted.


Medtronic rating

7.8

Company rating: 7.8 out of 10

Based on 178 frontline employees who took The Breakroom Quiz

175th of 542 rated manufacturers


Job description

CAREERS THAT CHANGE LIVES

The possibilities at the intersection of medicine and technology are endless, which means endless opportunities to make your mark on the world. You have learned a lot to get here — and we want you to keep growing. With our expanding portfolio of innovative products and services, Medtronic is a global leader in healthcare technology, serving 72+ million patients annually across 150+ countries and more than 70 disease states. We are dedicated to improving lives by putting patients at the center of everything we do and empowering employees to make a meaningful impact every day. Every role contributes to better patient outcomes, offering the opportunity to build a career defined by purpose, growth, and impact.

Our summer internships are full-time (40 hours/week), paid positions lasting 10-11 weeks. We offer competitive compensation, educational and social programming throughout the summer, as well as housing assistance and relocation support for eligible interns.

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.

Expected Learnings:

- Improve financial modeling

- Analyzing and critical thinking

- Presenting to all levels of management

- Sharpen communication skills

- Prioritization and influencing

- Leadership

Responsibilities may include the following and other duties may be assigned:

- Provides quantitative and qualitative analysis, industry research, reporting and internal communication services with team members.

- Investigates and communicates potential opportunities for process improvement as well as potential project initiatives.

- Responsible for working with teams operating within a service group, or product group and/ or project group.

- Assists with the development, monitoring, coordination and implementation of projects.

- Works with different departments including sales, marketing and business development to develop knowledge of industry and organizational processes.

Location and Work Model 

The MBA Corporate Development Internships are based in Minneapolis, Minnesota. All interns must reside in the U.S. for the duration of the internship. Medtronic is working a minimum of 4 days a week onsite as part of its commitment to professional growth, cross-functional collaboration, and engineering the extraordinary. 

Must Have: Minimum Requirements

To be considered for a Summer 2027 MBA Corporate Development Internship, your resume must clearly demonstrate how you meet each of these basic requirements. 

? Working toward an MBA with an anticipated graduation date of  Spring 2028

? Ability to participate full time, 40 hours per week, as part of the intern cohort from June 1- August 14 for semester system programs or June 15-August 21 for quarter system programs. 

? Legally authorized to work in the U.S. on a full-time basis and do not require sponsorship now or in the future for an employment visa. The Medtronic Summer Internship Program does not provide work authorization sponsorship for summer intern positions. Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J or TN, or who need sponsorship for work authorization now or in the future, are not eligible for the Medtronic Summer Internship Program. 

? 5+ years of relevant work experience

Nice to Have: Preferred Requirements

? Experience in medical device, healthcare, life sciences, or other regulated industries

? Knowledge of corporate strategy, M&A corporate development, valuation, financial modeling, due diligence, or market analysis

? Leadership experience through professional, academic, extracurricular, or community organizations

? Experience presenting business, financial, or technical recommendations to stakeholders

? Experience collaborating across functions and managing complex projects or competing priorities

? Experience analyzing and communicating financial, technical, or business insights

About Medtronic

Together, as one of the largest Medical Device companies in the country, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health, and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.   We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future and engineer the extraordinary. 

Physical Job Requirements

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. (ADA-United States of America)


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