Do matrices $ AB $ and $ BA $ have the same minimal and characteristic polynomials?

If $A$ is invertible then $A^{-1}(AB)A= BA$, so $AB$ and $BA$ are similar, which implies (but is stronger than) $AB$ and $BA$ have the same minimal polynomial and the same characteristic polynomial. The same goes if $B$ is invertible.

In general, from the above observation, it is not too difficult to show that $AB$, and $BA$ have the same characteristic polynomial, the type of proof could depends on the field considered for the coefficient of your matrices though. If the matrices are in $\mathcal{M}_n(\mathbb C)$, you use the fact that $\operatorname{GL}_n(\mathbb C)$ is dense in $\mathcal{M}_n(\mathbb C)$ and the continuity of the function which maps a matrix to its characteristic polynomial. There are at least 5 other ways to proceed (especially for other field than $\mathbb C$).

In general $AB$ and $BA$ do not have the same minimal polynomial. I'll let you search a bit for a counter example.


Before proving $AB$ and $BA$ have the same characteristic polynomials show that if $A_{m\times n}$ and $B_{n\times m} $ then characteristic polynomials of $AB$ and $BA$ satisfy following statement: $$x^n|xI_m-AB|=x^m|xI_n-BA|$$ therefore easily conclude if $m=n$ then $AB$ and $BA$ have the same characteristic polynomials.

Define $$C = \begin{bmatrix} xI_m & A \\B & I_n \end{bmatrix},\ D = \begin{bmatrix} I_m & 0 \\-B & xI_n \end{bmatrix}.$$ We have $$ \begin{align*} \det CD &= x^n|xI_m-AB|,\\ \det DC &= x^m|xI_n-BA|. \end{align*} $$ and we know $\det CD=\det DC$ if $m=n$ then $AB$ and $BA$ have the same characteristic polynomials.


Hint: Consider $A = \begin{bmatrix} 0 & 1 \\ 0 & 0 \end{bmatrix}$ and $B = \begin{bmatrix} 0 & 0 \\ 0 & 1 \end{bmatrix}$. What do you get in that case?