2026 Macroeconomic Research Associate

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 Research 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.

Primary responsibilities include:

• Conducting in-depth research on countries to support existing and potential investments, including fundamental and quantitative analyses on global economies and asset prices.
• Preparing, analyzing and monitoring a large array of global economic and financial data relevant to our investment process, with the goal of assessing long-term trends, areas of economic and financial opportunity/vulnerability, geopolitical developments, and their corresponding investment implications.
• Developing and maintaining in-house macroeconomic research infrastructure, including monitors, analytical tools, interest rate and currency models
• Participating in internal discussions, servicing internal requests for macroeconomic data/views, and collaborating with other members of the team in joint projects.
• Creating investment- and client- related presentation materials
• Performing 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 Research 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.

Qualifications

Dodge & Cox targets candidates with high levels of academic and professional achievement, in addition to leadership ability and interpersonal skills.

Candidates should have:

• An 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, like Haver Analytics or Bloomberg
  
  

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.

The job description above is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. It is the Company’s policy to provide equal opportunity to all persons without regard to race, color, religion, sex, pregnancy, marital or domestic partner status, sexual orientation, gender identity or expression, age, ancestry, national origin, disability, or medical condition, as defined in state and federal laws. This 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 Dodge & Cox employees must adhere to the Firm’s security policies and Code of Ethics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.