Dodge & Cox is seeking candidates who are interested in investment management to join our Rotational Associate Program in 2025. The Rotational Associate Program was established to introduce talented individuals to various departments that support Dodge & Cox’s investment business. Employees in the program rotate through a series of assignments across various non-investment functions of the firm. Rotations may include Business Integrations, Client Service, Investment Operations, Legal, Compliance, Fixed Income, ESG (Environmental, Social, Governance), Investment Stewardship, Human Capital, Communications, Technology, Shareholder Services and/or Corporate Treasury. During each rotation (usually lasting four to six months), the Associate will be given specific projects and/or daily departmental responsibilities.
Upon completion of the rotations, the Associates are expected to join one of the above-mentioned departments in a full-time role. Associates typically rotate through departments for approximately 24 months prior to placement.
Qualifications
The Rotational Associate Program targets candidates with exceptional levels of academic achievement from various disciplines.
Candidates should have:
- Four year college degree; excellent academic record (minimum GPA 3.0) – all majors welcome
- General interest in and basic knowledge of the investment industry
- Previous work or internship experience
- Strong problem-solving and communication skills
- Ability to work effectively in a team environment
- Openness to learning and working in various areas of the firm
- Strong quantitative and analytical skills, including experience with Excel, PowerPoint and Word
- Initiative and ability to manage multiple projects simultaneously
- Proven ability to work in a team-oriented environment, but also a self-starter who can work independently
NOTE: in addition to a cover letter and resume/CV, an unofficial transcript is required for consideration. Please upload it under the "Resume/CV" section underneath Education and Skills on the second page.
Requirements:
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Dodge & Cox operates in a 4 and 1 Hybrid model. All 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. This policy is subject to change.
The starting salary for this position is $87,700 annually, but may differ depending on years of previous experience.
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 up to the IRS Defined Contribution limit (See IRC § 415 for current limits). 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.
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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