Summer 2026

Corporate Parallel Co-op

Students and Graduates

Updated on 8/1/2026

Deadline 8/21/26
Caterpillar Inc.

Caterpillar Inc.

10,001+ employees

Manufactures heavy machinery for construction

Compensation Overview

$25 - $43/hr

+ Housing Stipend + Relocation Assistance

No H1B Sponsorship

Champaign, IL, USA + 5 more

More locations: Decatur, IL, USA | Mossville, IL, USA | Tucson, AZ, USA | Green Valley, AZ, USA | Lafayette, IN, USA

In Person

Onsite five days per week during summer; local campus-office work is required during the school year for specified universities.

Category
Mechanical Engineering (1)
Required Skills
Python
Data Science
Process Engineering
Machine Learning
MATLAB
C#
Simulink
3D Modeling
C/C++
Product Design
FEM/FEA

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Requirements
  • Must be enrolled full-time in a four-year university or college and pursue an ABET-accredited degree in Mechanical Engineering, Electrical Engineering, Computer Engineering, Agricultural Engineering, Aerospace Engineering, or Engineering Technology at the time of application and throughout the program.
  • Maintain a minimum cumulative grade point average of 3.0 out of 4.0 at the current institution.
  • Demonstrate analytical skills, initiative, troubleshooting, root cause analysis, problem-solving, and critical-thinking capabilities.
  • Have knowledge of engineering principles, theory, and engineering experience gained through projects, internships, or relevant work experiences.
  • Have a fundamental understanding of engineering for a manufacturing environment and be able to design and implement materials, structures, machines, devices, systems, and processes that safely realize a desired objective or invention.
  • Organize and manage multiple projects simultaneously and quickly gain and effectively apply new skills and knowledge.
  • Have strong written and verbal communication skills.
  • Work onsite five days a week during the summer at the assigned location and, during the school year, work at the local campus office on days worked for the specified universities.
  • Provide a resume and unofficial transcript with the application.
  • Complete a drug screen as a condition of employment.
Responsibilities
  • Work full-time in person with the assigned product development team during the summer and part-time throughout the school year.
  • Complete design and simulation tasks supporting Caterpillar product development.
  • Engineer components and systems for Caterpillar products and lead collaboration with cross-functional teams from initial concept through production.
  • Perform computational fluid dynamics using ANSYS, finite element analysis, 3D modeling, root-cause investigation, design optimization, structural dynamics, and performance development for engines, aftertreatment, batteries, fuel cells, powertrains, and machine systems.
  • Apply mechanical engineering knowledge in test and validation environments, troubleshoot issues, and collaborate on solutions.
  • Develop and implement control-system algorithms using MATLAB and Simulink, understand feature requirements, and test implementations before production rollout.
  • Design and test electronic control modules and electronic components; understand requirements, collaborate with suppliers on design and validation, and test components in various environments.
  • Design printed circuit board schematics, perform digital, analog, and power circuit analysis and testing, and ensure failure mode and effects analyses are conducted and documented.
  • Develop embedded software in C, C#, and/or C++ for electronic control modules, including communications, sensor and actuator inputs and outputs, timing, memory management, CPU optimization, and multicore design and implementation.
  • Develop automation scripts in Python and Visual Basic.
  • Verify electronic-system functionality and control-system algorithms using hardware-in-the-loop simulator benches or software-in-the-loop systems; understand requirements or schematics, debug and report anomalies, and help validate fixes.
  • Write and understand computer code and apply Python, analytics and data-science experience, machine-learning concepts and tools, and engineering and statistics fundamentals.
  • Apply mechanical, manufacturing, systems, and/or industrial engineering knowledge to analyze and optimize engineering processes.
Desired Qualifications
  • Previous technical internship, co-op, research, or relevant experience.
  • Management experience.
  • Current intern or trainee experience at Caterpillar.

Caterpillar designs and manufactures heavy machinery and engines for the construction, mining, energy, and rail industries, selling equipment, parts, services, and financing. Its products are large diesel machines with hydraulic systems and attachments, using data-driven features and remote diagnostics to improve uptime, along with extensive aftermarket maintenance and repair. It differentiates itself through its global scale, integrated product-and-service ecosystem, and large dealer and financing networks, plus ongoing use of data analytics and AI to optimize performance. Its goal is to help customers complete large-scale projects safely and efficiently while supporting sustainable development through community initiatives and durable equipment.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify Jobs

Simplify's Take

What believers are saying

  • AI data center power demand lifted Power Generation revenue 41% in Q1 2026.
  • Record backlog of $63 billion supports deliveries and near-term revenue visibility.
  • Skycatch and RPMGlobal expand mining digital twins, analytics, and automation capabilities.

What critics are saying

  • Tariff-driven cost inflation has already compressed mining margins by 700 basis points.
  • AI infrastructure spending slowdown would hit generators, backlog conversion, and valuation.
  • Caterpillar's premium multiple leaves little room for execution misses or demand normalization.

What makes Caterpillar Inc. unique

  • Global dealer network and Cat Financial widen customer reach across equipment lifecycle.
  • Three segments span construction, mining, and power, diversifying revenue sources.
  • Aftermarket parts and services support installed equipment, strengthening recurring demand.

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Benefits

Annual incentive bonus plan

Medical, dental, and vision coverage

Paid time off plan (Vacation, Holiday, Volunteer, Etc.)

401k savings plan

Health savings account (HSA)

Flexible spending accounts (FSAs)

Disability benefits

Life Insurance

Parental leave

Healthy Lifestyle Programs

Employee Assistance Programs

Voluntary Benefits and Employee Discounts

Tuition Reimbursement

Career Development

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Yahoo Finance
Apr 11th, 2026
Applied Materials and Caterpillar outperform as UPS faces labour costs and declining revenue

Applied Materials reported first-quarter revenue of $7.01 billion, down 2% due to falling China sales, but earnings per share surged 75% to $2.54 on improved margins. The semiconductor equipment maker expects industry sales to grow more than 20% this year, driven by AI computing demand. The company holds leading market positions in deposition and etching tools used for chip manufacturing. Its shares have risen over 175% in the past year and more than 35% year-to-date. Meanwhile, Caterpillar is benefiting from data centre growth through its dominance in backup generators. The industrial firm is experiencing strong sales growth and a large backlog for diesel and natural gas engines that provide emergency power for hyperscale data centres.

PR Newswire
Apr 8th, 2026
Caterpillar appoints Kyle Epley as CFO after record $67.6B year

Caterpillar has appointed Kyle Epley as chief financial officer, effective 1 May 2026, replacing Andrew Bonfield, who will retire on 1 October after eight years with the company. Bonfield will serve in an advisory role during the transition period. Epley brings nearly three decades of Caterpillar experience to the role and currently serves as senior vice president of Global Finance Services. He has held several senior finance leadership positions, including division CFO and corporate controller. During Bonfield's tenure, Caterpillar achieved record financial performance, including the highest full-year sales and revenues in company history and a single-quarter record of $19.1 billion in the fourth quarter of 2025. The company reported 2025 sales and revenues of $67.6 billion.

PR Newswire
Apr 8th, 2026
Caterpillar maintains $1.51 quarterly dividend, extends 32-year streak of annual increases

Caterpillar has maintained its quarterly dividend at $1.51 per share of common stock, payable on 19 May 2026 to shareholders of record as of 20 April 2026. The construction and mining equipment manufacturer has paid a cash dividend every year since its formation and quarterly dividends since 1933. Caterpillar has increased annual dividends for 32 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index. The company reported sales and revenues of $67.6 billion in 2025. Its primary business segments include Power & Energy, Construction Industries and Resource Industries.

Yahoo Finance
Apr 1st, 2026
Caterpillar becomes AI powerhouse with $51B backlog from data centre power solutions

Caterpillar, the industrial equipment manufacturer known for construction machinery, has emerged as an unexpected AI beneficiary through its power and energy segment. The company is capitalising on surging demand for data centre power infrastructure, selling industrial-scale generators, battery systems and switchgear whilst electrical grids expand to meet capacity needs. The power and energy division grew revenue 23% year-over-year in Q4 2025, becoming Caterpillar's largest business. The company ended 2025 with a $51 billion order backlog, up 71% from the previous year. Management estimates data centre electricity requirements will rise 200% by 2035. Caterpillar shares have more than doubled over the past year and trade at 31 times forward earnings. Wall Street analysts forecast 18% annual earnings growth over the next three to five years.

Yahoo Finance
Mar 23rd, 2026
Caterpillar stock doubles in a year on AI data centre power demand

Caterpillar has surged roughly 100% over the past year, making it one of the best performers in the Dow Jones Industrial Average. The dividend stock's gains have been driven largely by surging demand for power generation equipment needed to support AI data centres. In the fourth quarter of 2025, Caterpillar's power generation sales jumped 44%, fueled by demand for generators and turbines supporting AI infrastructure. The company secured one of its largest single power contracts to supply generators for a data centre project in West Virginia. Power and energy sales have become Caterpillar's largest revenue contributor. Caterpillar is investing $725 million to expand production capacity and plans to more than double turbine engine capacity by 2030. In June 2025, the company raised its quarterly dividend by 7% to $1.51 per share.