Our firm was founded in 1930 in the wake of the Roaring Twenties. In response to the speculative excesses of that era, our founders believed clients’ interests would be best served by a focused, long-term, valuation-aware investment strategy offered at reasonable and transparent fees.
That belief is as strong today as it’s ever been. We’re now one of the world’s largest independently owned investment firms. We manage money for individuals and institutions globally with a single, value-oriented investment philosophy applied across a focused set of offerings. Our focus means we put more resources behind fewer strategies, more passion behind fewer priorities, and more confidence behind every decision. Dodge & Cox is built on a bedrock of independent ownership, integrity, and client alignment—so we can serve our clients not just for decades, but for generations.
U.S. Terms and Conditions of Use: dodgeandcox.com/individual-investor/us/en/terms-and-conditions-of-use.html
Non-U.S. investors: visit dodgeandcox.com and select the country you live in.
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.
