2028 Investment Associate Internship

Dodge & Cox•San Francisco, CA

8d•Hybrid

About The Position

The Summer Associate program is a ten-week internship for students graduating between December 2028 and June 2029. Summer Associates work directly alongside investment professionals in an apprenticeship role, similar to Dodge & Cox full-time Research Associates. Teams organized by industry evaluate investments in companies around the world, and interns rotate between industry teams to assess current and potential investment opportunities. The program targets candidates with exceptional academic achievement from a range of disciplines. The position follows Dodge & Cox’s 4:1 hybrid work model. Interns are required to work in their assigned office Monday through Thursday and may work remotely on Fridays. Monthly compensation is $10,000. A relocation package or optional housing is provided for all summer interns.

Requirements

Matriculate between December 2028 and June 2029.
Have an excellent academic record.
Complete coursework in accounting and economics; statistics coursework is a plus.
Have strong quantitative and analytical skills, including experience with Excel, PowerPoint, and Word.
Demonstrate interest in financial markets and investing.
Show initiative and the ability to manage multiple projects simultaneously.
Have excellent communication skills and a desire to work in a team-oriented environment.
Be intellectually curious and genuinely interested in understanding businesses and industries in depth.
Be detail-oriented and conscientious, producing analysis of exceptional quality.
Be coachable and eager to learn, able to absorb feedback and build independent judgment over time.
Be poised and professional in meetings with company management teams and sell-side analysts.
Be in the assigned office Monday through Thursday each week; remote work is optional on Fridays.
Adhere to the Firm’s security policies and Code of Ethics.

Nice To Haves

Coursework or demonstrated experience in corporate finance or valuation.
Familiarity with AI tools such as Claude or Copilot and willingness to apply them to research workflows.
Statistics coursework.

Responsibilities

Collect and analyze financial and industry data and metrics.
Build and maintain financial models and databases.
Attend meetings with senior management teams and sell-side analysts.
Participate in weekly training sessions.
Rotate between industry teams to evaluate current and potential investment opportunities.