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Dodge & Cox

Investment management across equity, fixed income

Business Associate Intern

Summer 2027Updated on 10/23/2026
$35/hr+ Relocation package + Optional housing
Internship
San Francisco, CA, USA
In Person
Business & Strategy

About the job

Requirements
  • The program targets undergraduate students with strong academic achievement; all majors are welcome.
  • Candidates should have a minimum GPA of 3.3.
  • Candidates should demonstrate interest in financial markets, asset management, or wealth management through coursework, internships, and/or extracurricular involvement.
  • Candidates should demonstrate strong problem-solving and analytical skills.
  • Candidates should demonstrate attention to detail and follow-through.
  • Candidates should be able to collaborate effectively with others.
  • Candidates should demonstrate curiosity and a continuous learning mindset.
  • Candidates should be adaptable and open to learning about different areas of the firm.
  • Candidates should have strong written and verbal communication skills and be able to convey ideas clearly and thoughtfully.
  • Candidates should have quantitative aptitude.
  • Candidates should demonstrate interest in using AI tools to improve productivity and quality in academic, professional, or personal settings.
  • Candidates should show initiative and be able to manage multiple priorities.
  • Candidates should demonstrate integrity and professionalism.
  • A transcript is required for consideration.
Responsibilities
  • Contribute to project work and day-to-day responsibilities within a specific assigned team.
  • Participate in information sessions and learning opportunities about the firm, the investment management industry, and functions supporting clients and investment activities.
Desired Qualifications
  • Experience with Excel is preferred.

About the company

Dodge & Cox focuses on investment management across equities, fixed income, and balanced accounts for U.S. and international markets. Its equity approach relies on long-term, research-driven, bottom-up analysis and a disciplined pricing approach. In fixed income, it builds a high-quality portfolio through fundamental research and a long-term view to spot pricing inefficiencies. Its offerings include Dodge & Cox Funds, Private Client Accounts, and Institutional Separate Accounts, with the goal of providing steady income, preserving capital, and achieving long-term growth for clients.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Kansas City, Missouri

Founded

1930

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Simplify's Take

What believers are saying

  • As of December 31, 2025, Dodge & Cox managed $466 billion discretionary assets.
  • Roger Kuo became CEO on January 1, 2026, completing orderly succession.
  • The firm increased Chevron and Adobe stakes in 2025, showing active conviction.

What critics are saying

  • Dana Emery retired December 31, 2025; Jim Dignan leaves June 30, 2026.
  • Ahmed Jamal's 2025 employment-discrimination case kept Dodge & Cox in federal court.
  • Sustained underperformance pushes institutions to passive giants, shrinking Dodge & Cox's franchise.

What makes Dodge & Cox unique

  • Dodge & Cox runs only asset management, keeping incentives aligned with clients.
  • Its committees retain 17-20 year average tenure after June 30, 2026.
  • The firm still charges fixed fee schedules and no performance fees.

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Benefits

  • Health Insurance
  • Health Insurance
  • 401(k) Retirement Plan
  • Remote Work Options
  • Flexible Work Hours

Company News

ETFDailyNews.com
Jul 19th, 2025
Mutual of America Capital Management LLC Trims Stock Position in Fortive Corporation (NYSE:FTV)

Dodge & Cox purchased a new stake in Fortive in the 4th quarter worth approximately $583,493,000.

Defense World
Sep 30th, 2024
Silver Lake Advisory LLC Buys Shares of 3,077 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Dodge & Cox purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,396,000.

MarketBeat
Jul 15th, 2024
Choate Investment Advisors Raises Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Aigen Investment Management LP purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $553,000.

Defense World
Jun 16th, 2024
Dodge & Cox Invests $593,000 in Intercorp Financial Services Inc. (NYSE:IFS)

Dodge & Cox invests $593,000 in Intercorp Financial Services Inc. (NYSE:IFS).

Business Chief
Aug 1st, 2023
New co-portfolio manager for the Oakmark International Fund

Mr. Liu joined Harris Associates in 2009 after serving as a research associate at Dodge & Cox and an investment banking analyst at Jefferies & Company.