<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019cb051-225f-767f-937a-136e103b73c2,g:39b08eba-6986-447c-a9de-a86c08a9f6ec-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="bam-20260331.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019cb051-24d9-74b0-abd2-7ff774b63da5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:to="loc_us-gaap_Liabilities_019cb051-24d9-74b0-abd2-7ff774b63da5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019cb051-24d9-78d2-bc28-1d71ff7ae781" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019cb051-24d9-78d2-bc28-1d71ff7ae781" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_019cb051-24d9-7dcb-ad0a-40719ca78b38" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_019cb051-24d9-7dcb-ad0a-40719ca78b38" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityOtherCarryingAmount_019cb051-24d9-7545-97e9-fe3b3f985d76" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RedeemableNoncontrollingInterestEquityOtherCarryingAmount"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityOtherCarryingAmount_019cb051-24d9-7545-97e9-fe3b3f985d76" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019df8fe-44bf-782a-9c50-dba549ce0412" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019cb051-24d9-7eb7-8674-035acf0c5179" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019df8fe-44bf-782a-9c50-dba549ce0412" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019cb051-24d9-7faa-987e-18f6ba25e71a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_us-gaap_CommonStockValue_019cb051-24d9-7faa-987e-18f6ba25e71a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TreasuryStockCommonValue_019cb051-24d9-7c87-a688-dfe7e1f33e29" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_TreasuryStockCommonValue"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_us-gaap_TreasuryStockCommonValue_019cb051-24d9-7c87-a688-dfe7e1f33e29" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019cb051-24d9-78f2-a8bc-9f3436913203" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019cb051-24d9-78f2-a8bc-9f3436913203" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019cb051-24d9-78d5-8220-aefde1331580" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019cb051-24d9-78d5-8220-aefde1331580" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019cb051-24d9-75e2-bcfb-6f923cb7894b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019cb051-24d9-75e2-bcfb-6f923cb7894b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityAttributableToNoncontrollingInterestInConsolidatedEntities_019cb051-24d9-770d-a404-68655f2ae0a1" xlink:href="bam-20260331.xsd#bam_EquityAttributableToNoncontrollingInterestInConsolidatedEntities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_bam_EquityAttributableToNoncontrollingInterestInConsolidatedEntities_019cb051-24d9-770d-a404-68655f2ae0a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityAttributableToNoncontrollingInterestInFunds_019cb051-24d9-798a-b5de-ead86c6ec0ad" xlink:href="bam-20260331.xsd#bam_EquityAttributableToNoncontrollingInterestInFunds"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019cb051-24d9-7e24-a367-3375b35476d5" xlink:to="loc_bam_EquityAttributableToNoncontrollingInterestInFunds_019cb051-24d9-798a-b5de-ead86c6ec0ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019cb051-24d9-7a11-9197-a107c5deab3a" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019cb051-24d9-7a11-9197-a107c5deab3a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CashAndCashEquivalentOfConsolidatedFunds_019cb051-24d9-74d4-878f-24220bdcb40a" xlink:href="bam-20260331.xsd#bam_CashAndCashEquivalentOfConsolidatedFunds"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_bam_CashAndCashEquivalentOfConsolidatedFunds_019cb051-24d9-74d4-878f-24220bdcb40a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_AccountsReceivableAndOtherNet_019cb051-24d9-7a7e-8458-3bd899d284db" xlink:href="bam-20260331.xsd#bam_AccountsReceivableAndOtherNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_bam_AccountsReceivableAndOtherNet_019cb051-24d9-7a7e-8458-3bd899d284db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_FinancialAssetsFairValue_019cb051-24d9-791e-aeac-7c8d0afa5ea9" xlink:href="bam-20260331.xsd#bam_FinancialAssetsFairValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_bam_FinancialAssetsFairValue_019cb051-24d9-791e-aeac-7c8d0afa5ea9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_019cb051-24d9-79c2-9cd2-af512ff5701c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherReceivables"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_OtherReceivables_019cb051-24d9-79c2-9cd2-af512ff5701c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Investments_019cb051-24d9-7f5e-8d4c-9e2bed6c5c4f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Investments"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_Investments_019cb051-24d9-7f5e-8d4c-9e2bed6c5c4f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentsOfConsolidatedFunds_019cb051-24d9-7c6e-ade7-a5675a719ab2" xlink:href="bam-20260331.xsd#bam_InvestmentsOfConsolidatedFunds"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_bam_InvestmentsOfConsolidatedFunds_019cb051-24d9-7c6e-ade7-a5675a719ab2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019cb051-24d9-7040-8470-5e9b97b0dcc3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_019cb051-24d9-7040-8470-5e9b97b0dcc3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019cb051-24d9-7ab0-82f3-463bdba79cdf" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019cb051-24d9-7ab0-82f3-463bdba79cdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019cb051-24d9-7cb1-bca6-116cc55530cb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_Goodwill_019cb051-24d9-7cb1-bca6-116cc55530cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxAssetsNet_019df9c0-de69-7f4c-b157-97ed8aaec7ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredIncomeTaxAssetsNet"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019cb051-24d9-715d-8a51-eb44833b1a9a" xlink:to="loc_us-gaap_DeferredIncomeTaxAssetsNet_019df9c0-de69-7f4c-b157-97ed8aaec7ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_019cb051-24d9-756a-9390-664a1f35ae26" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_019cb051-24d9-756a-9390-664a1f35ae26" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialServicesLiabilities_019cb051-24d9-7329-a8f3-8bfbba972ec7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_FinancialServicesLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_us-gaap_FinancialServicesLiabilities_019cb051-24d9-7329-a8f3-8bfbba972ec7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019cb051-24d9-787a-8f25-d47a3a7191c7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019cb051-24d9-787a-8f25-d47a3a7191c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OtherAccountsPayableAndAccruedLiabilitiesConsolidatedFunds_019cb051-24d9-7730-9096-0d0c702c2b71" xlink:href="bam-20260331.xsd#bam_OtherAccountsPayableAndAccruedLiabilitiesConsolidatedFunds"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_bam_OtherAccountsPayableAndAccruedLiabilitiesConsolidatedFunds_019cb051-24d9-7730-9096-0d0c702c2b71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_019cb051-24d9-71a2-b2cb-0a2aae4549a2" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LineOfCredit"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_us-gaap_LineOfCredit_019cb051-24d9-71a2-b2cb-0a2aae4549a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_FundBorrowings_019cb051-24d9-7da9-bf5b-afdfab219176" xlink:href="bam-20260331.xsd#bam_FundBorrowings"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_bam_FundBorrowings_019cb051-24d9-7da9-bf5b-afdfab219176" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019df8fe-10d1-7c41-b359-f9e7cdbb3221" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019cb051-24d9-7f08-a646-d53731b7c5eb" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019df8fe-10d1-7c41-b359-f9e7cdbb3221" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="simple" xlink:href="bam-20260331.xsd#CONSOLIDATEDSTATEMENTSOFOPERATIONS"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7352-a173-b179d712795c" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpenses"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:to="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7352-a173-b179d712795c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019cb051-24d9-7773-94eb-ffd8de753de0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019cb051-24d9-7773-94eb-ffd8de753de0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet_019cb051-24d9-7601-aa3e-16deab6f2334" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherOperatingIncomeExpenseNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:to="loc_us-gaap_OtherOperatingIncomeExpenseNet_019cb051-24d9-7601-aa3e-16deab6f2334" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OtherIncomeNetOfConsolidatedFunds_019cb051-24d9-7820-b210-a927bc888c2b" xlink:href="bam-20260331.xsd#bam_OtherIncomeNetOfConsolidatedFunds"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:to="loc_bam_OtherIncomeNetOfConsolidatedFunds_019cb051-24d9-7820-b210-a927bc888c2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019cb051-24d9-7e39-8367-9f1bed73ce2b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-7299-a539-ecc3c8c64704" xlink:to="loc_us-gaap_Revenues_019cb051-24d9-7e39-8367-9f1bed73ce2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019cb051-24d9-7341-a1ce-c90767f4b544" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:to="loc_us-gaap_ProfitLoss_019cb051-24d9-7341-a1ce-c90767f4b544" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NetIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest_019cb051-24d9-76ee-9d4d-6d1475d87d1c" xlink:href="bam-20260331.xsd#bam_NetIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:to="loc_bam_NetIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest_019cb051-24d9-76ee-9d4d-6d1475d87d1c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NetIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds_019cb051-24d9-7c2a-8b87-5542cc3f956c" xlink:href="bam-20260331.xsd#bam_NetIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:to="loc_bam_NetIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds_019cb051-24d9-7c2a-8b87-5542cc3f956c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019cb051-24d9-78e2-a72c-096f42ea48a1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019cb051-24d9-78e2-a72c-096f42ea48a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NetIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds_019df907-4c9c-7964-93c6-d35d88b7ecfc" xlink:href="bam-20260331.xsd#bam_NetIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019cb051-24d9-7561-9aaf-6f1190b10b35" xlink:to="loc_bam_NetIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds_019df907-4c9c-7964-93c6-d35d88b7ecfc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueNotFromContractWithCustomer_019cb051-24d9-71de-bc45-1145aab5b652" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenueNotFromContractWithCustomer"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:to="loc_us-gaap_RevenueNotFromContractWithCustomer_019cb051-24d9-71de-bc45-1145aab5b652" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_019cb051-24d9-7c5d-87a0-29b64f0cb067" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestAndDividendIncomeOperating"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:to="loc_us-gaap_InterestAndDividendIncomeOperating_019cb051-24d9-7c5d-87a0-29b64f0cb067" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019cb051-24d9-7bda-aa34-a4e9b1bd4f8e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019cb051-24d9-7bda-aa34-a4e9b1bd4f8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherIncome_019cb051-24d9-713f-bb6e-db640b4b7911" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:to="loc_us-gaap_OtherIncome_019cb051-24d9-713f-bb6e-db640b4b7911" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InterestAndDividendIncomeOperatingConsolidatedFunds_019cb051-24d9-756c-a9a5-0cd6e3d44051" xlink:href="bam-20260331.xsd#bam_InterestAndDividendIncomeOperatingConsolidatedFunds"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019cb051-24d9-7a3a-a097-bcb7ccb85da4" xlink:to="loc_bam_InterestAndDividendIncomeOperatingConsolidatedFunds_019cb051-24d9-756c-a9a5-0cd6e3d44051" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019cb051-24d9-711a-b467-c0f7f8bdd4e9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019cb051-24d9-7954-9cb2-032f9242d021" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019cb051-24d9-711a-b467-c0f7f8bdd4e9" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019cb051-24d9-7954-9cb2-032f9242d021" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-79c7-8513-94b2b30f0f67" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019cb051-24d9-711a-b467-c0f7f8bdd4e9" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019cb051-24d9-79c7-8513-94b2b30f0f67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueNotFromContractWithCustomer_019cb051-24d9-7d33-bb21-41cc2b3788b3" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_RevenueNotFromContractWithCustomer"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealizedCarriedInterestAllocation_019cb051-24d9-71b0-b09d-67613193ce7c" xlink:href="bam-20260331.xsd#bam_UnrealizedCarriedInterestAllocation"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_RevenueNotFromContractWithCustomer_019cb051-24d9-7d33-bb21-41cc2b3788b3" xlink:to="loc_bam_UnrealizedCarriedInterestAllocation_019cb051-24d9-71b0-b09d-67613193ce7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RealizedCarriedInterestAllocation_019cb051-24d9-7b6e-b523-ae59480d3cea" xlink:href="bam-20260331.xsd#bam_RealizedCarriedInterestAllocation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_RevenueNotFromContractWithCustomer_019cb051-24d9-7d33-bb21-41cc2b3788b3" xlink:to="loc_bam_RealizedCarriedInterestAllocation_019cb051-24d9-7b6e-b523-ae59480d3cea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7b2f-a0be-6a40d52f7822" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InterestExpenseOfConsolidatedFunds_019cb051-24d9-7e60-994a-b5ff75d4376b" xlink:href="bam-20260331.xsd#bam_InterestExpenseOfConsolidatedFunds"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7b2f-a0be-6a40d52f7822" xlink:to="loc_bam_InterestExpenseOfConsolidatedFunds_019cb051-24d9-7e60-994a-b5ff75d4376b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-7423-8be3-d2dbc2b9a242" xlink:href="bam-20260331.xsd#bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7b2f-a0be-6a40d52f7822" xlink:to="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-7423-8be3-d2dbc2b9a242" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CarriedInterestAllocationCompensation_019cb051-24d9-75f6-8f36-5b5a83ed74b7" xlink:href="bam-20260331.xsd#bam_CarriedInterestAllocationCompensation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7b2f-a0be-6a40d52f7822" xlink:to="loc_bam_CarriedInterestAllocationCompensation_019cb051-24d9-75f6-8f36-5b5a83ed74b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseOperating_019cb051-24d9-7351-983c-77f4ab87d146" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_InterestExpenseOperating"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019cb051-24d9-7b2f-a0be-6a40d52f7822" xlink:to="loc_us-gaap_InterestExpenseOperating_019cb051-24d9-7351-983c-77f4ab87d146" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CarriedInterestAllocationCompensation_019cb051-24d9-7ab3-bdbc-622c8cfc8f7d" xlink:href="bam-20260331.xsd#bam_CarriedInterestAllocationCompensation"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RealizedCarriedInterestAllocationCompensation_019cb051-24d9-76f1-b1ed-04bb05fc56cb" xlink:href="bam-20260331.xsd#bam_RealizedCarriedInterestAllocationCompensation"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_CarriedInterestAllocationCompensation_019cb051-24d9-7ab3-bdbc-622c8cfc8f7d" xlink:to="loc_bam_RealizedCarriedInterestAllocationCompensation_019cb051-24d9-76f1-b1ed-04bb05fc56cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealizedCarriedInterestAllocationCompensation_019cb051-24d9-77af-b055-c654cce70fb1" xlink:href="bam-20260331.xsd#bam_UnrealizedCarriedInterestAllocationCompensation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_CarriedInterestAllocationCompensation_019cb051-24d9-7ab3-bdbc-622c8cfc8f7d" xlink:to="loc_bam_UnrealizedCarriedInterestAllocationCompensation_019cb051-24d9-77af-b055-c654cce70fb1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-71f5-b322-25ec8cfce330" xlink:href="bam-20260331.xsd#bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherExpenses_019cb051-24d9-7c5a-8dd9-5f1763d65e08" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherExpenses"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-71f5-b322-25ec8cfce330" xlink:to="loc_us-gaap_OtherExpenses_019cb051-24d9-7c5a-8dd9-5f1763d65e08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019cb051-24d9-7e4f-af98-931789ac26d9" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-71f5-b322-25ec8cfce330" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019cb051-24d9-7e4f-af98-931789ac26d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeBenefitsAndShareBasedCompensation_019cb051-24d9-71ff-9264-058fd8cabcee" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_EmployeeBenefitsAndShareBasedCompensation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalCompensationOperatingAndGeneralAndAdministrativeExpenses_019cb051-24d9-71f5-b322-25ec8cfce330" xlink:to="loc_us-gaap_EmployeeBenefitsAndShareBasedCompensation_019cb051-24d9-71ff-9264-058fd8cabcee" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" xlink:type="simple" xlink:href="bam-20260331.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ComprehensiveIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest_019dfd8f-a253-76b5-b45e-1326746e5c13" xlink:href="bam-20260331.xsd#bam_ComprehensiveIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:to="loc_bam_ComprehensiveIncomeLossAttributableToPreferredRedeemableNoncontrollingInterest_019dfd8f-a253-76b5-b45e-1326746e5c13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds_019dfd8f-a253-7f84-bb70-12faceb40f53" xlink:href="bam-20260331.xsd#bam_ComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:to="loc_bam_ComprehensiveIncomeLossAttributableToRedeemableNoncontrollingInterestInConsolidatedFunds_019dfd8f-a253-7f84-bb70-12faceb40f53" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedEntities_019dfd8f-a253-7ee9-8990-772e78ec0f8e" xlink:href="bam-20260331.xsd#bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedEntities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:to="loc_bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedEntities_019dfd8f-a253-7ee9-8990-772e78ec0f8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds_019dfd8f-a253-7463-9ba8-a59a8da4d3ff" xlink:href="bam-20260331.xsd#bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:to="loc_bam_ComprehensiveIncomeLossAttributableToNoncontrollingInterestInConsolidatedFunds_019dfd8f-a253-7463-9ba8-a59a8da4d3ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_019dfd8f-a253-73dc-87d3-0d876c88f21e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019dfd8f-a253-7a92-99b4-993257fe75f0" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_019dfd8f-a253-73dc-87d3-0d876c88f21e" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME_1" xlink:type="simple" xlink:href="bam-20260331.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME_1"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019df9ea-5f41-7ee7-9e90-28a5182ec3de" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019df9ea-5f41-7562-91cb-6e2c09bf7153" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019df9ea-5f41-7ee7-9e90-28a5182ec3de" xlink:to="loc_us-gaap_ProfitLoss_019df9ea-5f41-7562-91cb-6e2c09bf7153" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_019df9ea-5f41-73cf-998f-be311211caed" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeOtherNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019df9ea-5f41-7ee7-9e90-28a5182ec3de" xlink:to="loc_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_019df9ea-5f41-73cf-998f-be311211caed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_019df9ea-5f41-7000-b7d5-616189a9265b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019df9ea-5f41-7ee7-9e90-28a5182ec3de" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_019df9ea-5f41-7000-b7d5-616189a9265b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="bam-20260331.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividends_019cb051-2581-7c36-a0d8-0ebb39389b6b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsOfDividends"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_us-gaap_PaymentsOfDividends_019cb051-2581-7c36-a0d8-0ebb39389b6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfEquity_019cb051-2581-76a8-9027-59fdfc98cf7f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsForRepurchaseOfEquity"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfEquity_019cb051-2581-76a8-9027-59fdfc98cf7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ProceedsFromRelatedPartiesFinancingActivities_019cb051-2581-7ab2-8eac-47a7294b0798" xlink:href="bam-20260331.xsd#bam_ProceedsFromRelatedPartiesFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_ProceedsFromRelatedPartiesFinancingActivities_019cb051-2581-7ab2-8eac-47a7294b0798" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_LoansAndLeasesReceivableRelatedPartiesPayments_019cb051-2581-74aa-ad25-6beb065129c5" xlink:href="bam-20260331.xsd#bam_LoansAndLeasesReceivableRelatedPartiesPayments"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_LoansAndLeasesReceivableRelatedPartiesPayments_019cb051-2581-74aa-ad25-6beb065129c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_019cb051-2581-7136-b95c-879ca80b47e6" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_019cb051-2581-7136-b95c-879ca80b47e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_DistributionsToNonControllingAndRedeemableNonControllingInterests_019cb051-2581-7784-a027-04607206de9d" xlink:href="bam-20260331.xsd#bam_DistributionsToNonControllingAndRedeemableNonControllingInterests"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_DistributionsToNonControllingAndRedeemableNonControllingInterests_019cb051-2581-7784-a027-04607206de9d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_019cb051-2581-7386-910b-117d76bcbfef" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ProceedsFromMinorityShareholders"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_019cb051-2581-7386-910b-117d76bcbfef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_BorrowingsOfConsolidatedFunds_019cb051-2581-78ab-b2d0-1d14cf022100" xlink:href="bam-20260331.xsd#bam_BorrowingsOfConsolidatedFunds"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_BorrowingsOfConsolidatedFunds_019cb051-2581-78ab-b2d0-1d14cf022100" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RepaymentsOfBorrowingsOfConsolidatedFunds_019cb051-2581-7dde-95ba-6ce60e758eda" xlink:href="bam-20260331.xsd#bam_RepaymentsOfBorrowingsOfConsolidatedFunds"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_RepaymentsOfBorrowingsOfConsolidatedFunds_019cb051-2581-7dde-95ba-6ce60e758eda" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ProceedsFromRedeemableNoncontrollingInterest_019cb051-2581-7161-82be-096cdabd5926" xlink:href="bam-20260331.xsd#bam_ProceedsFromRedeemableNoncontrollingInterest"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_bam_ProceedsFromRedeemableNoncontrollingInterest_019cb051-2581-7161-82be-096cdabd5926" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_019cb051-2581-7cfe-8db9-0e7146c74933" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c02-afb6-f9b38f6bdda0" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_019cb051-2581-7cfe-8db9-0e7146c74933" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_019cb051-2581-7eee-891c-ac2fa2ad25c0" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherNoncashIncomeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_019cb051-2581-7eee-891c-ac2fa2ad25c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019cb051-2581-7c37-9f62-72a19b5406ab" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_ShareBasedCompensation_019cb051-2581-7c37-9f62-72a19b5406ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019cb051-2581-71d0-91f2-ce041b4e9e02" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019cb051-2581-71d0-91f2-ce041b4e9e02" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019cb051-2581-7511-b362-8a6e1cecab1f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_NetIncomeLoss_019cb051-2581-7511-b362-8a6e1cecab1f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_019cb051-2581-707c-8e47-e58be90163ca" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_019cb051-2581-707c-8e47-e58be90163ca" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealizedCarriedInterestAllocationNet_019cb051-2581-7b55-a697-48698a3d2d38" xlink:href="bam-20260331.xsd#bam_UnrealizedCarriedInterestAllocationNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_bam_UnrealizedCarriedInterestAllocationNet_019cb051-2581-7b55-a697-48698a3d2d38" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019cb051-2581-7f1a-8ee3-4a48b3345210" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019cb051-2581-7f1a-8ee3-4a48b3345210" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OtherWorkingCapitalAndNonCashOperatingItems_019cb051-2581-7485-aefb-e5e79814f3ba" xlink:href="bam-20260331.xsd#bam_OtherWorkingCapitalAndNonCashOperatingItems"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_bam_OtherWorkingCapitalAndNonCashOperatingItems_019cb051-2581-7485-aefb-e5e79814f3ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OtherIncomeNetOfConsolidatedFundsOperatingActivities_019cb051-2581-725d-b316-02ef8175a65c" xlink:href="bam-20260331.xsd#bam_OtherIncomeNetOfConsolidatedFundsOperatingActivities"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_bam_OtherIncomeNetOfConsolidatedFundsOperatingActivities_019cb051-2581-725d-b316-02ef8175a65c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CashPaymentInvestmentsOfConsolidatedFunds_019cb051-2581-7ffd-971f-0ea3b3816883" xlink:href="bam-20260331.xsd#bam_CashPaymentInvestmentsOfConsolidatedFunds"/>
    <link:calculationArc order="10" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_bam_CashPaymentInvestmentsOfConsolidatedFunds_019cb051-2581-7ffd-971f-0ea3b3816883" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CashProceedsFromInvestmentsOfConsolidatedFunds_019df911-b298-782a-a5ca-ea01b64dd407" xlink:href="bam-20260331.xsd#bam_CashProceedsFromInvestmentsOfConsolidatedFunds"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-7c21-93e6-4def8f3cf3df" xlink:to="loc_bam_CashProceedsFromInvestmentsOfConsolidatedFunds_019df911-b298-782a-a5ca-ea01b64dd407" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:href="bam-20260331.xsd#bam_TotalSupplementalCashFlowDisclosures"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseDueFromAffiliates_019cb051-2581-7e9f-989e-28641d137f81" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseDueFromAffiliates"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:to="loc_us-gaap_IncreaseDecreaseDueFromAffiliates_019cb051-2581-7e9f-989e-28641d137f81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_019cb051-2581-7c9a-87cb-12ea1909b999" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables_019cb051-2581-7c9a-87cb-12ea1909b999" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019cb051-2581-72ba-9ef0-3cb9c47b97b5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019cb051-2581-72ba-9ef0-3cb9c47b97b5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OtherNoncashOperatingActivities_019cb051-2581-7f44-b12e-688a271c57ad" xlink:href="bam-20260331.xsd#bam_OtherNoncashOperatingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:to="loc_bam_OtherNoncashOperatingActivities_019cb051-2581-7f44-b12e-688a271c57ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019cb051-2581-7c92-a391-2ce9a55dd152" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncreaseDecreaseInDueToAffiliates"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalSupplementalCashFlowDisclosures_019cb051-2581-7682-8c48-1d84ada77b1c" xlink:to="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019cb051-2581-7c92-a391-2ce9a55dd152" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireInvestments_019cb051-2581-7a49-91d2-2b0b578a57b5" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireInvestments"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_us-gaap_PaymentsToAcquireInvestments_019cb051-2581-7a49-91d2-2b0b578a57b5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_019cb051-2581-7a40-991c-e10a5135c202" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_019cb051-2581-7a40-991c-e10a5135c202" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_019cb051-2581-7ddc-8fdd-e366dfa64e8f" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_019cb051-2581-7ddc-8fdd-e366dfa64e8f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CashAcquiredFromConsolidatedFunds_019cb051-2581-7b4c-8470-171fb6c46de8" xlink:href="bam-20260331.xsd#bam_CashAcquiredFromConsolidatedFunds"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_bam_CashAcquiredFromConsolidatedFunds_019cb051-2581-7b4c-8470-171fb6c46de8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentsDisposition_019cb051-2581-7efa-94db-951ab2b0fdb4" xlink:href="bam-20260331.xsd#bam_InvestmentsDisposition"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_bam_InvestmentsDisposition_019cb051-2581-7efa-94db-951ab2b0fdb4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_PaymentsToAcquireInvestmentsHeldForSale_019cb051-2581-7c46-9828-ddc4cef129e3" xlink:href="bam-20260331.xsd#bam_PaymentsToAcquireInvestmentsHeldForSale"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7384-8b53-378b40ebfa5b" xlink:to="loc_bam_PaymentsToAcquireInvestmentsHeldForSale_019cb051-2581-7c46-9828-ddc4cef129e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019cb051-2581-7bf4-b2e4-f470af4de228" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-719a-ac6a-40f348f4c267" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019cb051-2581-7bf4-b2e4-f470af4de228" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019cb051-2581-719a-ac6a-40f348f4c267" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c1b-b076-e922e50cf082" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019cb051-2581-7bf4-b2e4-f470af4de228" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019cb051-2581-7c1b-b076-e922e50cf082" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7992-944a-b3560a237e38" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_019cb051-2581-7bf4-b2e4-f470af4de228" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019cb051-2581-7992-944a-b3560a237e38" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/INVESTMENTSScheduleofInvestmentsDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#INVESTMENTSScheduleofInvestmentsDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/INVESTMENTSScheduleofInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:href="bam-20260331.xsd#bam_TotalInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CommonAndPreferredShares_019cb051-2581-7e49-a2e5-fa9326a5f564" xlink:href="bam-20260331.xsd#bam_CommonAndPreferredShares"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_CommonAndPreferredShares_019cb051-2581-7e49-a2e5-fa9326a5f564" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentsInAffiliates_019cb051-2581-7062-b0e8-000c52622398" xlink:href="bam-20260331.xsd#bam_InvestmentsInAffiliates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_InvestmentsInAffiliates_019cb051-2581-7062-b0e8-000c52622398" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_AccruedCarriedInterestMatureFunds_019cb051-2581-7778-9f57-5f792575494e" xlink:href="bam-20260331.xsd#bam_AccruedCarriedInterestMatureFunds"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_AccruedCarriedInterestMatureFunds_019cb051-2581-7778-9f57-5f792575494e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_AccruedCarriedInterestNewFunds_019cb051-2581-78b5-b8b2-9ca7a339babd" xlink:href="bam-20260331.xsd#bam_AccruedCarriedInterestNewFunds"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_AccruedCarriedInterestNewFunds_019cb051-2581-78b5-b8b2-9ca7a339babd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityInOaktree_019cb051-2581-707a-9e60-33f93315db23" xlink:href="bam-20260331.xsd#bam_EquityInOaktree"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_EquityInOaktree_019cb051-2581-707a-9e60-33f93315db23" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityInCastlelake_019cb051-2581-7aaa-b535-27c8174584de" xlink:href="bam-20260331.xsd#bam_EquityInCastlelake"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_EquityInCastlelake_019cb051-2581-7aaa-b535-27c8174584de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityInPrimaryWave_019cb051-2581-7fcc-83f6-b8112bb7a329" xlink:href="bam-20260331.xsd#bam_EquityInPrimaryWave"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_EquityInPrimaryWave_019cb051-2581-7fcc-83f6-b8112bb7a329" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityInAngelOak_019cb051-2581-7c30-93ae-0a54a10662ce" xlink:href="bam-20260331.xsd#bam_EquityInAngelOak"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_EquityInAngelOak_019cb051-2581-7c30-93ae-0a54a10662ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityInOtherAffiliates_019cb051-2581-7204-baa5-2d99a5779e67" xlink:href="bam-20260331.xsd#bam_EquityInOtherAffiliates"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_TotalInvestments_019cb051-2581-752a-9dba-ce14a3e325b1" xlink:to="loc_bam_EquityInOtherAffiliates_019cb051-2581-7204-baa5-2d99a5779e67" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/CORPORATEBORROWINGSMaturitiesDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#CORPORATEBORROWINGSMaturitiesDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/CORPORATEBORROWINGSMaturitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019df96b-40cc-7f91-bdf7-1346214baad7" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019df96b-40cc-7f91-bdf7-1346214baad7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019df96b-40cc-7b59-8b72-ec4b7218fae1" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019df96b-40cc-7b59-8b72-ec4b7218fae1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019df96b-40cc-773c-9a8f-a65c2437723b" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019df96b-40cc-773c-9a8f-a65c2437723b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019df96b-40cc-7aa7-b81c-ec283c8ea0ef" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019df96b-40cc-7aa7-b81c-ec283c8ea0ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019df96b-40cc-77a1-a97b-359aa309ce34" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019df96b-40cc-77a1-a97b-359aa309ce34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_LongTermDebtMaturityAfterYearFour_019df96b-40cc-7fcf-8a18-dff3387f9cc4" xlink:href="bam-20260331.xsd#bam_LongTermDebtMaturityAfterYearFour"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019df96b-40cc-72f5-b6ec-7fe98f2839ba" xlink:to="loc_bam_LongTermDebtMaturityAfterYearFour_019df96b-40cc-7fcf-8a18-dff3387f9cc4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/EARNINGSPERSHAREBasicandDilutedNetIncomeperCommonStockDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#EARNINGSPERSHAREBasicandDilutedNetIncomeperCommonStockDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/EARNINGSPERSHAREBasicandDilutedNetIncomeperCommonStockDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019cb051-2581-7c04-936f-cb16d42b7d0d" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019cb051-2581-757d-8a10-8f003c8b61ce" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019cb051-2581-7c04-936f-cb16d42b7d0d" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019cb051-2581-757d-8a10-8f003c8b61ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_019cb051-2581-75c0-82a4-106302184648" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019cb051-2581-7c04-936f-cb16d42b7d0d" xlink:to="loc_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_019cb051-2581-75c0-82a4-106302184648" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/RELATEDPARTYTRANSACTIONSDueFromAndToAffiliatesDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#RELATEDPARTYTRANSACTIONSDueFromAndToAffiliatesDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/RELATEDPARTYTRANSACTIONSDueFromAndToAffiliatesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivables_019cb051-262b-72b8-ae17-dc439fdf84db" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherReceivables"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdvancesToAffiliate_019cb051-262b-7147-bc06-5f9fb1f91074" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AdvancesToAffiliate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherReceivables_019cb051-262b-72b8-ae17-dc439fdf84db" xlink:to="loc_us-gaap_AdvancesToAffiliate_019cb051-262b-7147-bc06-5f9fb1f91074" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ShareBasedCompensationArrangementAndCashBasedCompensationReceivable_019cb051-262b-7d60-bb19-cc3e16812eb8" xlink:href="bam-20260331.xsd#bam_ShareBasedCompensationArrangementAndCashBasedCompensationReceivable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherReceivables_019cb051-262b-72b8-ae17-dc439fdf84db" xlink:to="loc_bam_ShareBasedCompensationArrangementAndCashBasedCompensationReceivable_019cb051-262b-7d60-bb19-cc3e16812eb8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019cb051-262b-767c-88d6-6377bbcd0d3e" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_OperatingPayablesDueToRelatedParties_019cb051-262b-7619-b44d-b939364396d6" xlink:href="bam-20260331.xsd#bam_OperatingPayablesDueToRelatedParties"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019cb051-262b-767c-88d6-6377bbcd0d3e" xlink:to="loc_bam_OperatingPayablesDueToRelatedParties_019cb051-262b-7619-b44d-b939364396d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ShareBasedCompensationArrangementAndCashBasedCompensationPayable_019cb051-262b-7a50-a2d2-0212e000af66" xlink:href="bam-20260331.xsd#bam_ShareBasedCompensationArrangementAndCashBasedCompensationPayable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019cb051-262b-767c-88d6-6377bbcd0d3e" xlink:to="loc_bam_ShareBasedCompensationArrangementAndCashBasedCompensationPayable_019cb051-262b-7a50-a2d2-0212e000af66" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/SEGMENTREPORTINGExpensesDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#SEGMENTREPORTINGExpensesDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/SEGMENTREPORTINGExpensesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_SegmentExpense_019cb051-262b-74b9-ac88-2a459f2f6233" xlink:href="bam-20260331.xsd#bam_SegmentExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_FacilitiesTechnologyAndProfessionalFeesSegment_019cb051-262b-70b7-9656-f563f091b261" xlink:href="bam-20260331.xsd#bam_FacilitiesTechnologyAndProfessionalFeesSegment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentExpense_019cb051-262b-74b9-ac88-2a459f2f6233" xlink:to="loc_bam_FacilitiesTechnologyAndProfessionalFeesSegment_019cb051-262b-70b7-9656-f563f091b261" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CompensationAndBenefitExpenseSegment_019cb051-262b-7f5d-8d0c-476abf32fc7c" xlink:href="bam-20260331.xsd#bam_CompensationAndBenefitExpenseSegment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentExpense_019cb051-262b-74b9-ac88-2a459f2f6233" xlink:to="loc_bam_CompensationAndBenefitExpenseSegment_019cb051-262b-7f5d-8d0c-476abf32fc7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_TravelAndOtherOperatingExpensesSegment_019cb051-262b-7441-9460-697062717106" xlink:href="bam-20260331.xsd#bam_TravelAndOtherOperatingExpensesSegment"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentExpense_019cb051-262b-74b9-ac88-2a459f2f6233" xlink:to="loc_bam_TravelAndOtherOperatingExpensesSegment_019cb051-262b-7441-9460-697062717106" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bam.brookfield.com/role/SEGMENTREPORTINGEarningsDetails" xlink:type="simple" xlink:href="bam-20260331.xsd#SEGMENTREPORTINGEarningsDetails"/>
  <link:calculationLink xlink:role="http://www.bam.brookfield.com/role/SEGMENTREPORTINGEarningsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_SegmentEarnings_019cb051-262b-7e77-9470-aa474e6bb56f" xlink:href="bam-20260331.xsd#bam_SegmentEarnings"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_FacilitiesTechnologyAndProfessionalFeesSegment_019cb051-262b-71bd-a410-6c274ca866f2" xlink:href="bam-20260331.xsd#bam_FacilitiesTechnologyAndProfessionalFeesSegment"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentEarnings_019cb051-262b-7e77-9470-aa474e6bb56f" xlink:to="loc_bam_FacilitiesTechnologyAndProfessionalFeesSegment_019cb051-262b-71bd-a410-6c274ca866f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_SegmentRevenue_019cb051-262b-70fc-a762-623fee53ea10" xlink:href="bam-20260331.xsd#bam_SegmentRevenue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentEarnings_019cb051-262b-7e77-9470-aa474e6bb56f" xlink:to="loc_bam_SegmentRevenue_019cb051-262b-70fc-a762-623fee53ea10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CompensationAndBenefitExpenseSegment_019cb051-262b-776e-b242-b9dd277d2677" xlink:href="bam-20260331.xsd#bam_CompensationAndBenefitExpenseSegment"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentEarnings_019cb051-262b-7e77-9470-aa474e6bb56f" xlink:to="loc_bam_CompensationAndBenefitExpenseSegment_019cb051-262b-776e-b242-b9dd277d2677" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_TravelAndOtherOperatingExpensesSegment_019cb051-262b-72e7-b700-5e7e7d807358" xlink:href="bam-20260331.xsd#bam_TravelAndOtherOperatingExpensesSegment"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_bam_SegmentEarnings_019cb051-262b-7e77-9470-aa474e6bb56f" xlink:to="loc_bam_TravelAndOtherOperatingExpensesSegment_019cb051-262b-72e7-b700-5e7e7d807358" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
