2026 Investment Associate
The Investment Associate will work directly alongside an Industry Analyst in an industry-focused team responsible for evaluating investments in companies globally.
Primary responsibilities include:
- Researching, analyzing, and performing due diligence on potential investments
- Monitoring portfolio investments, competitors, and industry developments
- Building and maintaining financial and valuation models
- Engaging with company management teams, industry experts, and sell-side analysts
- Creating investment-related presentation materials
Dodge & Cox’s well-established reputation provides us unparalleled access to corporate management teams. We regularly host Fortune Global 500 executives at our offices in San Francisco.
Qualifications
Dodge & Cox targets candidates with high levels of academic and professional achievement and leadership ability. Dodge & Cox recruits undergraduates from various academic disciplines, as well as candidates with previous work experience.
Candidates should have:
- One to two years of related work experience or an undergraduate experience that demonstrates exceptional potential
- B.A. or B.S. degree and an excellent academic record
- Basic accounting knowledge; coursework in economics and statistics is a plus
- Demonstrated interest in financial markets and value investing
- Strong quantitative and analytical skills, including experience with financial modeling
- Initiative and ability to manage multiple projects simultaneously
- Excellent communication skills and desire to work in a team-oriented environment
Requirements:
Dodge & Cox has a 4/1 hybrid work model, and all Dodge & Cox employees are required to be in their assigned office as noted in the job posting Monday - Thursday each week, with the option to work remotely on Friday.
The listed pay scale denotes only the pay range of the base salary and does not include discretionary bonus compensation, which may make up an important portion of the total remuneration. Dodge & Cox encourages applicants to consider the value of the many competitive benefits it offers, including coverage of 100% of all healthcare premiums for employees and their families and fully funding a retirement plan at 25% of the total compensation to the IRS limit. Dodge & Cox also provides additional benefits such as commuter, health & wellness, backup care, matching gift, employee assistance, and life and disability insurance. The listed pay scale reflects the base salary Dodge & Cox reasonably expects to pay for this position and is not a reflection of the highest and lowest base salary of any current Dodge & Cox employee. Actual base salary will be based on factors such as the candidate's prior relevant experience (including within and external to Dodge & Cox, as applicable), education, skills, and knowledge.
The job description above is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. It is the Company’s policy to provide equal opportunity to all persons without regard to race, color, religion, sex, pregnancy, marital or domestic partner status, sexual orientation, gender identity or expression, age, ancestry, national origin, disability, or medical condition, as defined in state and federal laws. This policy covers all aspects of employment including, but not limited to, recruitment, selection, training, promotion, transfer, compensation, demotion, and termination. By applying for a position with Dodge & Cox, you acknowledge that you have read our EEO Policy
All Dodge & Cox employees must adhere to the Firm’s security policies and Code of Ethics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Skills Required
- One to two years of related work experience or exceptional undergraduate performance
- B.A. or B.S. degree and an excellent academic record
- Basic accounting knowledge; coursework in economics and statistics is a plus
- Demonstrated interest in financial markets and value investing
- Strong quantitative and analytical skills, including experience with financial modeling
- Initiative and ability to manage multiple projects simultaneously
- Excellent communication skills and desire to work in a team-oriented environment
What We Do
Investment management is Dodge & Cox’s only business. We are focused on providing U.S., global, international, and emerging markets equity; fixed income; and balanced account management. Strategies: Equity — The philosophy guiding the management of our equity portfolios is built on traditional principles: we maintain a long-term focus, conduct our own research, and employ a rigorous price discipline. Our approach is research-intensive; decisions are based on individual company analysis by our team of investment professionals. Fixed Income — Dodge & Cox’s philosophy is to construct and manage a high average quality portfolio of securities that are selected through bottom-up, fundamental analysis. We believe that by combining fundamental research with a long-term investment horizon it is possible to uncover and act upon inefficiencies in the valuation of market sectors and individual securities. Balanced — Our objective in managing balanced accounts is to provide regular income, conservation of principal, and an opportunity for long-term growth of principal and income. Our strategy is to invest in a diversified portfolio of stocks and fixed income securities. Offerings: Dodge & Cox Funds — Dodge & Cox offers U.S. based investors a simple, low-cost way to own a portfolio of stocks and/or fixed income securities. Private Client Accounts — The private client group serves high net worth individual investors, family offices, and non-profit organizations across the United States through separately managed accounts. Institutional Separate Accounts — A client's investment objectives, asset allocation, and portfolio holdings are reviewed with an experienced portfolio manager and client service associate. To view our U.S. Terms and Conditions of Use, visit: dodgeandcox.com/individual-investor/us/en/terms-and-conditions-of-use.html Non U.S. Investors: Please visit dodgeandcox.com and select the country you live in
