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.