Macroeconomic Investment Associate

Job Overview

Dodge & Cox has substantial holdings of debt and equity securities from around the world, including sovereign debt denominated in various currencies held in a global bond fund, and a growing macroeconomic research team that contributes to the firm’s decision making in multiple areas. The Macroeconomic Investment Associate will work with senior members of the investment team and other colleagues across the firm to support the macroeconomic research process, contribute with quantitative analysis, and assist with portfolio management analytics.

• Conduct in-depth research on countries to support existing and potential investments, including fundamental and quantitative analyses on global economies and asset prices.
• Prepare, analyze, and monitor a large array of global economic and financial data relevant to our investment process, assessing long‑term trends, areas of economic and financial opportunity/vulnerability, geopolitical developments, and their corresponding investment implications.
• Develop and maintain in‑house macroeconomic research infrastructure, including monitors, analytical tools, interest‑rate and currency models.
• Participate in internal discussions, service internal requests for macroeconomic data/views, and collaborate with other team members on joint projects.
• Create investment‑ and client‑related presentation materials.
• Perform portfolio analytics such as performance attribution and risk analysis.

The work above will be leveraged across the firm’s investment products and will provide the Macroeconomic Investment Associate with exposure to investment professionals and senior management across the firm. This is generally a two-to-four‑year position, with the possibility of a longer timeframe.

• Excellent academic record from a university with coursework in economics and statistics.
• Exceptional undergraduate preparation required;
  Master’s degree preferred.
• 1-3 years of experience preferred in academia, financial industry, international organizations, or the public sector.
• Demonstrated interest in economics and financial markets, preferably fixed‑income and/or currency markets.
• Strong quantitative and analytical skills, including experience with financial modeling, as well as manipulating and presenting data on complex topics.
• Initiative and ability to manage multiple projects simultaneously.
• Excellent oral and written communication skills and desire to work in a team‑oriented environment.
• Advanced knowledge of MS Excel, including VBA, and statistical packages (e.g., EViews), and Python programming.
• Knowledge of commonly used sources of macroeconomic data, including public institutions and specialized data providers, such as Haver Analytics or Bloomberg.

Dodge & Cox has a 4‑to‑1 hybrid work model; all employees are required to be in their assigned office Monday‑Thursday each week, with the option to work remotely on Friday. The salary range for this position is $155,000–$180,000. The listed pay scale denotes only the base salary and does not include discretionary bonus compensation, which may constitute a significant portion of total remuneration.

• Coverage of 100% of all healthcare premiums for employees and their families.
• Full funding of a retirement plan at 25% of total compensation to the IRS limit.
• Additional benefits such as commuter, health & wellness, backup care, matching gift, employee assistance, and life and disability insurance.

We are an equal opportunity employer. The 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 employees must adhere to the firm’s security policies and Code of Ethics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.