Part-Time

Research Assistant

Department of Mechanical Engineering

Posted on 9/24/2025

Carnegie Mellon University

Carnegie Mellon University

11-50 employees

Endowment management for university long-term funding

No salary listed

Pittsburgh, PA, USA

In Person

Category
Mechanical Engineering (2)
,
Requirements
  • Bachelor’s degree
  • Successful background check
  • Strong verbal and written communication skills
  • Strong research background
  • Analytical skills
Responsibilities
  • Performing research experiments following experimental protocol and procedures.
  • Researching and documenting information by compiling and maintaining accurate and detailed records.
  • Summarizing statistical information for analysis, examination or presentation.
  • Identifying problems and obstacles to progress; developing strategies to solve problems.
  • 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

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