The Summer Associate program is a ten-week internship opportunity for 2029 graduates. Like Dodge & Cox's full-time Research Associates, Summer Associates work directly alongside one of our investment professionals in an apprenticeship role. Organized on an industry basis, teams evaluate investments in companies located around the world. Over the course of the internship, Summer RAs rotate between industry teams to evaluate current and potential investment opportunities.
Dodge & Cox's well-established reputation often leads companies to seek us out as investors. We routinely host Fortune Global 500 executives at our offices in San Francisco. The Summer Investment program targets candidates with exceptional levels of academic achievement from various disciplines.
Key Responsibilities
- Collecting and analyzing financial and industry data and metrics
- Building and maintaining financial models and databases
- Attending meetings with senior management teams and sell-side analysts
- Participating in weekly training sessions
Ideal Candidate Profile
- Demonstrated interest in financial markets and investing
- Initiative and ability to manage multiple projects simultaneously
- Excellent communication skills and desire to work in a team-oriented environment
- Intellectually curious with a genuine appetite for understanding businesses and industries in depth
- Detail-oriented and conscientious, producing analysis of exceptional quality
- Coachable and eager to learn, able to absorb feedback and build independent judgment over time
- Poised and professional in meetings with company management teams and sell-side analysts
Qualifications
- Matriculating between December 2028 and June 2029
- An excellent academic record
- Coursework in accounting and economics; statistics is a plus
- Strong quantitative and analytical skills, including experience with Excel, PowerPoint, and Word
- Coursework or demonstrated experience in corporate finance or valuation is a plus
- Familiarity with AI tools (e.g., Claude, Copilot) and willingness to apply them to research workflows
Requirements
- Dodge & Cox has a 4:1 hybrid work model, and all Dodge & Cox interns 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 monthly compensation for this position is $10,000. Dodge & Cox provides a relocation package or optional housing for all summer interns.
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
- Matriculating between December 2028 and June 2029
- Excellent academic record
- Coursework in accounting and economics
- Strong quantitative and analytical skills
- Experience with Excel, PowerPoint, and Word
- Familiarity with AI tools such as Claude or Copilot and willingness to apply them to research workflows
- Coursework or demonstrated experience in corporate finance or valuation
- Coursework in statistics
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
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