2026 Macroeconomic Research Associate

Dodge & Cox • San Francisco, CA

1d • Hybrid

About The Position

Dodge & Cox has substantial holdings of debt and equity securities from around the world, including sovereign debt denominated in various currencies held in a global bond fund, and a growing macroeconomic research team that contributes to the firm’s decision making in multiple areas. The Macroeconomic Research Associate will work with senior members of the investment team and other colleagues across the firm to support the macroeconomic research process, contribute with quantitative analysis, and assist with portfolio management analytics. Primary responsibilities include: Conducting in-depth research on countries to support existing and potential investments, including fundamental and quantitative analyses on global economies and asset prices. Preparing, analyzing and monitoring a large array of global economic and financial data relevant to our investment process, with the goal of assessing long-term trends, areas of economic and financial opportunity/vulnerability, geopolitical developments, and their corresponding investment implications. Developing and maintaining in-house macroeconomic research infrastructure, including monitors, analytical tools, interest rate and currency models Participating in internal discussions, servicing internal requests for macroeconomic data/views, and collaborating with other members of the team in joint projects. Creating investment- and client- related presentation materials Performing portfolio analytics such as performance attribution and risk analysis The work above will be leveraged across the firm’s investment products and will provide the Macroeconomic Research Associate with exposure to investment professionals and senior management across the firm. This is generally a two-to-four-year position, with the possibility of a longer timeframe.

Requirements

• An excellent academic record from a university with coursework in economics and statistics
• Exceptional undergraduate preparation required; Master’s degree preferred
• 1-3 years of experience preferred in academia, financial industry, international organizations, or the public sector
• Demonstrated interest in economics and financial markets, preferably fixed income and/or currency markets
• Strong quantitative and analytical skills, including experience with financial modeling, as well as manipulating and presenting data on complex topics
• Initiative and ability to manage multiple projects simultaneously
• Excellent oral and written communication skills and desire to work in a team-oriented environment
• Advanced knowledge of MS Excel, including VBA, and statistical packages (e.g., EViews), and Python programming
• Knowledge of commonly used sources of macroeconomic data, including public institutions and specialized data providers, like Haver Analytics or Bloomberg

Responsibilities

• Conducting in-depth research on countries to support existing and potential investments, including fundamental and quantitative analyses on global economies and asset prices.
• Preparing, analyzing and monitoring a large array of global economic and financial data relevant to our investment process, with the goal of assessing long-term trends, areas of economic and financial opportunity/vulnerability, geopolitical developments, and their corresponding investment implications.
• Developing and maintaining in-house macroeconomic research infrastructure, including monitors, analytical tools, interest rate and currency models
• Participating in internal discussions, servicing internal requests for macroeconomic data/views, and collaborating with other members of the team in joint projects.
• Creating investment- and client- related presentation materials
• Performing portfolio analytics such as performance attribution and risk analysis

Benefits

• 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
• commuter, health & wellness, backup care, matching gift, employee assistance, and life and disability insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees