Full-Time

Pre-Doctoral Research Associate

Tepper School of Business

Posted on 8/15/2025

Carnegie Mellon University

Carnegie Mellon University

11-50 employees

Endowment management for university long-term funding

No salary listed

No H1B Sponsorship

Pittsburgh, PA, USA

In Person

Category
Consulting (1)
Required Skills
Python
Stata
Requirements
  • Bachelor’s degree in finance, economics, statistics, computer science, mathematics or related field required
  • 0-1 year of research experience required
  • Ability to work with statistics software, such as Stata
  • Familiarity with programming languages, such as Python
  • Be able to work independently to solve problems
Responsibilities
  • Obtain and manipulate data from various sources
  • Construct and analyze data using statistical software packages
  • Assist with the production of working papers and publications
  • Other duties as assigned
Carnegie Mellon University

Carnegie Mellon University

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CMU Investment Office manages Carnegie Mellon's endowment to provide permanent financial support for research and education, including scholarships and operations. It grows and protects assets through a globally diversified portfolio that includes private equity, venture capital, hedge funds, real estate, natural resources, public equities, and fixed income, using external investment managers. It differs from others by being a university endowment with a dedicated CIO and a global, private-investment–centered approach focused on disciplined long-term growth and risk management. Its goal is to grow and preserve the endowment so CMU can sustain its research, education mission, and operations in perpetuity.

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Pittsburgh, Pennsylvania

Founded

2018

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Simplify's Take

What believers are saying

  • FY25 return hit 10.9%, with 10-year average at 9.1%.
  • Private book self-funds amid liquidity issues under Miles Dieffenbach.
  • Assets under management reached $7.18 billion recently.

What critics are saying

  • Jeffer Choudhry defected in February 2022 to Pitt, eroding expertise.
  • 9.1% 10-year return trails Yale's 9.5% and Harvard's 9.6%.
  • 85% private equities trap capital in liquidity drought.

What makes Carnegie Mellon University unique

  • CMU targets 85% equities in private investments globally since FY04.
  • Charles A. Kennedy shifted portfolio to private-centered since 2010.
  • Endowment exceeds $4 billion, managed with top external managers.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Professional Development Budget

Wellness Program

Commuter Benefits

Childcare Support

INACTIVE