2028 Investment Associate Internship

The application period will be open until November 15, 2026. Interviews will begin November 30, 2026.

Role Overview

The Summer Associate program is a ten-week internship opportunity for 2029 graduates. Like Dodge & Cox's full-time Research Associates, Summer Associates work directly alongside one of our investment professionals in an apprenticeship role. Organized on an industry basis, teams evaluate investments in companies located around the world. Over the course of the internship, Summer RAs rotate between industry teams to evaluate current and potential investment opportunities.

Dodge & Cox's well-established reputation often leads companies to seek us out as investors. We routinely host Fortune Global 500 executives at our offices in San Francisco. The Summer Investment program targets candidates with exceptional levels of academic achievement from various disciplines.

Key Responsibilities

• Collecting and analyzing financial and industry data and metrics

• Building and maintaining financial models and databases

• Attending meetings with senior management teams and sell-side analysts

• Participating in weekly training sessions

Ideal Candidate Profile

• Demonstrated interest in financial markets and investing

• Initiative and ability to manage multiple projects simultaneously

• Excellent communication skills and desire to work in a team-oriented environment

• Intellectually curious with a genuine appetite for understanding businesses and industries in depth

• Detail-oriented and conscientious, producing analysis of exceptional quality

• Coachable and eager to learn, able to absorb feedback and build independent judgment over time

• Poised and professional in meetings with company management teams and sell-side analysts

Qualifications

• Matriculating between December 2028 and June 2029

• An excellent academic record

• Coursework in accounting and economics; statistics is a plus

• Strong quantitative and analytical skills, including experience with Excel, PowerPoint, and Word

• Coursework or demonstrated experience in corporate finance or valuation is a plus

• Familiarity with AI tools (e.g., Claude, Copilot) and willingness to apply them to research workflows

Requirements

• Dodge & Cox has a 4:1 hybrid work model, and all Dodge & Cox interns 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 monthly compensation for this position is $10,000. Dodge & Cox provides a relocation package or optional housing for all summer interns.

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.

About Us

Founded in 1930 in San Francisco, Dodge & Cox is one of the world’s largest independently owned investment firms with over $475 billion in assets under management and 376 employees (as of January 31, 2026).

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 recruiting@dodgeandcox.com. Your vigilance should keep you protected and help us maintain the integrity of our hiring process.