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 salary range for this position is $155k - $180k.

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.