2026 Portfolio Strategy Investment Associate

Dodge & Cox • San Francisco, CA

4d

About The Position

The Portfolio Strategy Investment Associate plays a meaningful role in Dodge & Cox’s investment process. This Associate will work closely with members of the Global Equity Investment Committee (GEIC) to support the implementation of our global equity investment strategy and other critical business processes, including performance analysis and client communications. The Associate will also work directly alongside a senior analyst responsible for asset allocation and portfolio strategy across equity and fixed income portfolios. Responsibilities include: Monitoring and analyzing portfolio and market performance and attribution Researching, interpreting, and preparing portfolio and market analytics, which includes measuring asset class risk and return opportunities, running quantitative screens and conducting comparable company analysis Monitoring investment characteristics and portfolio exposures Creating and maintaining databases on portfolio and market data Building and maintaining quantitative, financial and macroeconomic models and other tools to aid in portfolio construction Crafting and updating presentation materials for internal and client meetings Assisting in the creation of internal talking points collateral and external communication materials Supporting portfolio managers on a variety of investment research and client-related projects Collaborating with the other Associates and providing back up when needed Representing portfolio management in collaborations with colleagues from across the firm This is a two to four year position, after which most individuals pursue graduate degrees or transition to other investment roles. Qualifications Dodge & Cox targets candidates with high levels of academic and professional achievement and leadership ability. 1-3 years' experience at an asset management, investment bank or management consulting firm An excellent academic record with coursework in Finance, Accounting, and Statistics Demonstrated strong attention to detail Excellent written and verbal communication skills Desire and ability to work in a team-oriented environment Strong organizational and time-management skills Initiative and ability to run multiple projects simultaneously Strong quantitative skills, including data analysis, statistics, and visualization Strong digital literacy, including Excel, PowerPoint, Bloomberg, and FactSet. Familiarity with Tableau is a plus Experience with a data science programming language (Python, R, MatLab, etc.) Demonstrated curiosity about financial markets, investment management and value investing 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. Founded in 1930 in San Francisco, Dodge & Cox is one of the world’s largest independently owned investment firms with over $400 billion in assets under management and 371 employees (as of December 31, 2024). We manage money for individuals and institutions globally with a single investment philosophy applied across a focused set of offerings. Undistracted by short-term product trends or asset gathering, we concentrate on serving our clients by adhering to our time-tested investment approach. We build investment portfolios using deep fundamental research, a strict price discipline, a long-term investment horizon, and team decision-making. Our engaging, collaborative environment pushes us to accomplish our best. That’s why many of us devote our careers to Dodge & Cox, ensuring stability and compounding our intellectual capital across generations. This institutional memory—combined with our collaborative culture and focused business model—makes us uniquely suited for long-term investing and enables us to continuously seek lasting value for our clients in a rapidly changing world. Protect yourself from recruitment scams We have noticed an increase in fraudulent individuals posing as representatives of Dodge & Cox, offering false job interviews or opportunities in exchange for financial or personal information. We take these matters very seriously and want to ensure you are informed and protected. Please keep the following in mind during your job search: We will never ask for payment or request banking information at any stage of our recruitment process. All official communications will come from a verified Dodge & Cox email address (@dodgeandcox.com). Be cautious of any communication from personal or non-company email addresses. Do not engage with or respond to suspicious emails. If you are uncertain about the legitimacy of a communication, verify that the email address belongs to Dodge & Cox (@dodgeandcox.com). If you receive any suspicious or fraudulent communication, please report it immediately by contacting us at [email protected]. Your vigilance should keep you protected and help us maintain the integrity of our hiring process.

Requirements

• 1-3 years' experience at an asset management, investment bank or management consulting firm
• An excellent academic record with coursework in Finance, Accounting, and Statistics
• Demonstrated strong attention to detail
• Excellent written and verbal communication skills
• Desire and ability to work in a team-oriented environment
• Strong organizational and time-management skills
• Initiative and ability to run multiple projects simultaneously
• Strong quantitative skills, including data analysis, statistics, and visualization
• Strong digital literacy, including Excel, PowerPoint, Bloomberg, and FactSet
• Demonstrated curiosity about financial markets, investment management and value investing

Nice To Haves

• Familiarity with Tableau is a plus
• Experience with a data science programming language (Python, R, MatLab, etc.)

Responsibilities

• Monitoring and analyzing portfolio and market performance and attribution
• Researching, interpreting, and preparing portfolio and market analytics, which includes measuring asset class risk and return opportunities, running quantitative screens and conducting comparable company analysis
• Monitoring investment characteristics and portfolio exposures
• Creating and maintaining databases on portfolio and market data
• Building and maintaining quantitative, financial and macroeconomic models and other tools to aid in portfolio construction
• Crafting and updating presentation materials for internal and client meetings
• Assisting in the creation of internal talking points collateral and external communication materials
• Supporting portfolio managers on a variety of investment research and client-related projects
• Collaborating with the other Associates and providing back up when needed
• Representing portfolio management in collaborations with colleagues from across the firm

Benefits

• coverage of 100% of all healthcare premiums for employees and their families
• fully funding a retirement plan at 25% of the total compensation to the IRS limit
• commuter
• health & wellness
• backup care
• matching gift
• employee assistance
• life and disability insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees