2026 Equity Research Associate

2026 Equity Research Associate

The Research Associate will work directly alongside an Industry Analyst in an industry-focused team responsible for evaluating investments in companies globally.     

Primary responsibilities include:

Researching, analyzing, and performing due diligence on potential investments

Monitoring portfolio investments, competitors, and industry developments

Building and maintaining financial and valuation models

Engaging with company management teams, industry experts, and sell-side analysts

Creating investment-related presentation materials

Dodge & Cox’s well-established reputation provides us unparalleled access to corporate management teams. We regularly host Fortune Global 500 executives at our offices in San Francisco. This is a two to four year position, after which most individuals enroll in business school or pursue a career in investing.

Qualifications

Dodge & Cox targets candidates with high levels of academic and professional achievement and leadership ability.  Dodge & Cox recruits undergraduates from various academic disciplines, as well as candidates with previous work experience.

Candidates should have:

One to two years of related work experience or an undergraduate experience that demonstrates exceptional potential

B.A. or B.S. degree and an excellent academic record

Basic accounting knowledge; coursework in economics and statistics is a plus

Demonstrated interest in financial markets and value investing

Strong quantitative and analytical skills, including experience with financial modeling

Initiative and ability to manage multiple projects simultaneously

Excellent communication skills and desire to work in a team-oriented environment

Requirements:

Dodge & Cox has a 4/1 hybrid work model, and all Dodge & Cox employees 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 salary range for this position is $155k - $180k.

The listed pay scale denotes only the pay range of the base salary and does not include discretionary bonus compensation, which may make up an important portion of the total remuneration.  Dodge & Cox encourages applicants to consider the value of the many competitive benefits it offers, including coverage of 100% of all healthcare premiums for employees and their families and fully funding a retirement plan at 25% of the total compensation to the IRS limit.  Dodge & Cox also provides additional benefits such as commuter, health & wellness, backup care, matching gift, employee assistance, and life and disability insurance. The listed pay scale reflects the base salary Dodge & Cox reasonably expects to pay for this position and is not a reflection of the highest and lowest base salary of any current Dodge & Cox employee.  Actual base salary will be based on factors such as the candidate's prior relevant experience (including within and external to Dodge & Cox, as applicable), education, skills, and knowledge.