Associate Director, Investments
College Board - Finance
Location: This is a fully remote role. Candidates who live near CB offices have the option of being fully remote or hybrid (Tuesday and Wednesday in office). All CB employees are required to occasionally travel to meet in person for business purposes.
Type: This is a full-time position.
About the Team
The Investments and Strategic Initiatives team is at the forefront of shaping the College Board’s future — identifying bold opportunities, guiding strategic growth, and driving impact through smart investments. This highly visible, five-person team partners closely with leaders across AP, SAT, BigFuture, Finance, and Strategy, offering you unparalleled exposure to senior decision-making and the fast-growing EdTech and impact investing sectors. If you’re passionate about applying your financial acumen to initiatives that make a difference, this is your chance to do work that matters.
About the Opportunity
As the Associate Director of Investments, you will play a critical role in shaping the College Board’s long-term business strategy. Your work will directly influence how we expand access to education for millions of students. You will work on important strategic initiatives and develop financial analysis that supports key decisions related to investments, M&A transactions, and strategic partnerships. You will also be responsible for growing the College Board’s impact investment fund. This role offers long-term upward mobility at College Board, but also positions you as a strong candidate for a top MBA program after 2-3 years (many former Associate Directors have gone this route).
In this role, you will:
Advance our M&A strategy that we hope will yield tremendous impact not only for the organization but for our members and students. (60%)
Research education sectors, develop landscape assessment, and analyze and understand trends to identify new areas of growth for the College Board.
Analyze potential acquisition targets and develop preliminary strategic rationale and risk assessment.
Develop analytical frameworks and complex financial models, including company projections, customer analysis, company valuation, and financial return analysis.
Participate in financial due diligence of target companies.
Work closely with senior leaders from Finance, Strategy, Talent, Technology, and Legal to advance transactions through College Board’s approval process.
Create effective presentation materials for senior management and Board members.
Play a key role in the overall project management and execution of acquisitions.
Grow our Impact Investment Portfolio (40%)
Source investment opportunities for the College Board’s growing impact investment fund via industry research and meetings with Edtech investors and entrepreneurs.
Participate in due diligence process to evaluate mission impact potential, financial return, and strategic benefits of investments in early-stage education technology companies.
Lead all aspects of the financial analysis to evaluate investment opportunities.
Support portfolio management and reporting process for impact investment portfolio.
Prepare investment memos and participate in Investment Committee approval meetings.
Research sectors and companies in the education technology sector and prepare summaries of key insights and market intelligence for executive leadership.
Collaborate with Strategy and Program leadership to drive partnership opportunities that advance the College Board's mission and strategic goals.
About You
To qualify for this role, you must have:
A Bachelor's degree in Finance, Accounting, Economics or related technical field
Minimum of 2 years of experience in financial analysis, in investment banking or a corporate development role
Extensive experience in financial modeling
Strong analytical and quantitative skills
Ability to succinctly summarize complex financial analysis and present key findings to senior management
Strong understanding of corporate finance and investments
Exceptional attention to detail
Strong communication skills and ability to interact with all levels of management
Project management skills and ability to prioritize and independently manage multiple time-sensitive projects
Proficient research skills
Advanced MS Excel, Powerpoint, and Word skills
Prior M&A experience is a plus
A strong interest in expanding educational opportunity for all students
The ability to travel 3-5 times a year to College Board offices or on behalf of College Board business.
All roles at College Board require:
A passion for expanding educational and career opportunities and mission-driven work
Authorization to work in the United States for any employer
Curiosity and enthusiasm for emerging technologies, with a willingness to experiment with and adopt new AI-driven solutions and a comfort learning and applying new digital tools independently and proactively.
Clear and concise communication skills, written and verbal
A learner's mindset and a commitment to growth: welcoming diverse perspectives, giving and receiving timely, respectful feedback, and continuously improving through iterative learning and user input.
A drive for impact and excellence: solving complex problems, making data-informed decisions, prioritizing what matters most, and continuously improving through learning, user input, and external benchmarking.
A collaborative and empathetic approach: working across differences, fostering trust, and contributing to a culture of shared success.
About Our Process
Application review will begin immediately and will continue until the position is filled. This role is expected to accept applications for a minimum of 5 business days.
While the hiring process may vary, it generally includes: resume and application submission, recruiter phone/video screen, hiring manager interview, performance exercise such as live coding, a panel interview, a conversation with leadership and reference checks.
What We Offer
At College Board, we offer more than a paycheck- we provide a meaningful career, a supportive team, and a comprehensive package designed to help you thrive. We’re a self-sustaining nonprofit that believes in fair and competitive compensation grounded in your qualifications, experience, impact, and the market.
A Thoughtful Approach to Compensation
The hiring range for this role is $85,000–$130,000/year. We adjust salaries by location to ensure fairness, no matter where you live. Below, we’ve offered an estimated range for a variety of metro areas throughout the United States:
New York City, San Francisco, Seattle, Washington DC and Los Angeles: $100,000-$135,000
Austin, Boston, Chicago, Philadelphia and Denver: $89,000-$120,000
Atlanta, Miami, Iowa City and most other locations throughout the Southeast and Midwest: $85,000-$108,000
You’ll have open, transparent conversations about compensation, benefits, and what it’s like to work at College Board throughout your hiring process. Check out our careers page for more.
Skills Required
- Bachelor's degree in Finance, Accounting, Economics, or related field
- Minimum of 2 years of experience in financial analysis, investment banking, or corporate development
- Extensive experience in financial modeling
- Advanced Microsoft Excel, PowerPoint, and Word skills
- Strong analytical and quantitative skills
- Ability to summarize complex financial analysis and present to senior management
- Strong understanding of corporate finance and investments
- Exceptional attention to detail
- Strong communication skills and ability to interact with all management levels
- Project management skills and ability to prioritize and manage multiple time-sensitive projects
- Proficient research skills
- Ability to travel 3-5 times per year
- Authorization to work in the United States for any employer
- Curiosity and enthusiasm for emerging technologies and willingness to adopt AI-driven solutions
- Prior M&A experience
- Strong interest in expanding educational opportunity for all students
The College Board Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The College Board and has not been reviewed or approved by The College Board.
-
Retirement Support — A notably generous employer retirement match after six months stands out and is positioned as a differentiator among nonprofits. The structure supports meaningful long-term savings and serves as a core value driver in total rewards.
-
Leave & Time Off Breadth — Generous PTO alongside major holidays and a full week off around New Year’s are included in the package. This breadth of time away strengthens work-life balance and adds tangible value beyond salary.
-
Parental & Family Support — Paid parental leave for all parents and tuition assistance for employees and dependents provide robust family-oriented support. These benefits expand the package’s relevance for different life stages and needs.
The College Board Insights
What We Do
College Board is a not-for-profit organization that clears a path for all students to own their future through the Advanced Placement Program, the SAT, Official SAT Practice on Khan Academy, BigFuture, and more. For more information, go to collegeboard.org
