Dodge & Cox Interview Questions

20 total interview insight submissions
Interview Experience (97%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

4
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (95%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

3.1
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (86%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

67%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Dodge & Cox

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Year
Job Title
Group/Division
Location
Experience
Difficulty
Student / Prospective Monkey
Year 2024
Job Title Student / Prospective Monkey
Group/Division Investment Research
Location Boston
Experience
Neutral
Difficulty
Average
Student / Prospective Monkey
Year 2023
Job Title Student / Prospective Monkey
Group/Division Equity Capital Markets
Location San Francisco
Experience
Positive
Difficulty
Difficult
Intern
Year 2021
Job Title Intern
Group/Division Generalist
Location New York
Experience
Positive
Difficulty
Easy
1st Year Analyst
Year 2016
Job Title 1st Year Analyst
Group/Division Generalist
Location San Francisco
Experience
Positive
Difficulty
Average
Summer Associate Intern
Year 2021
Job Title Summer Associate Intern
Group/Division Equity Research
Location San Francisco
Experience
Neutral
Difficulty
Average
Summer Associate Intern
Year 2019
Job Title Summer Associate Intern
Group/Division Generalist
Location San Francisco
Experience
Very Positive
Difficulty
Average
Summer Associate Intern
Year 2019
Job Title Summer Associate Intern
Group/Division Equity Research
Location San Francisco
Experience
Positive
Difficulty
Average
Student / Prospective Monkey
Year 2019
Job Title Student / Prospective Monkey
Group/Division Generalist
Location New York
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2019
Job Title 1st Year Analyst
Group/Division Equity Research
Location New York
Experience
Positive
Difficulty
Average
Intern
Year 2019
Job Title Intern
Group/Division Investments
Location San Francisco
Experience
Very Positive
Difficulty
Easy

Interview Questions & Answers - Dodge & Cox Examples

Fixed Income Summer Analyst Interview - Investment Research

Anonymous interview candidate in Boston
Interviewed: January 2024
Date Submitted: Feb 15, 2024
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
1-2 months
Application
1 on 1 Interview
Interview
Interviewer seemed visibly tired, yawning often, and overall disinterested in the experience. I was able to skip the initial phone screening through networking through my diversity organizations. I interviewed with an experienced analyst at the firm. A bunch of behaviorals followed by a few basic accounting technicals.
Interview Questions
We look for people with a finance and accounting background, can you speak to some of your relevant experiences?
Sample Answer

Investment Associate Intern Interview - Equity Capital Markets

Anonymous interview candidate in San Francisco
Interviewed: May 2023
Date Submitted: Jul 31, 2023
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
2-3 months
Application
1 on 1 Interview
Group Interview
Interview
First, I had a one-on-one interview with a nice lady. She really liked my answers because I got the email for the second round in about 30 minutes. For the second round, they had sent me info about a company that I examined before the interview. During the second interview, they asked personal and technical questions. Then, we talked about the case study. Lastly, they presented another case study regarding the financial statements of 4 companies. Probably got dinged after that round because have not heard back in about ~1 month (though the lady from the first mentioned that 2/6 spots were already filled).
Interview Questions
Is it bad for a company to not have debt?
What can a company do with extra cash?
Sample Answer

Summer Analyst Interview - Generalist

Anonymous interview candidate in New York
Interviewed: November 2021
Date Submitted: Mar 13, 2022
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
put in an application through a bigger fellowship program and got invited to a zoom one on one with a recruiter
Interview Questions
What motivates you every day?
Sample Answer

Research Associate Interview - Generalist

Anonymous employee in San Francisco
Interviewed: November 2016
Date Submitted: Oct 20, 2021
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Skills Test
Background Check
Interview
First round phone interview followed by on site interviews with 6-7 people and a case study. Overall experience was great
Interview Questions
What are the different ways to calculate portfolio P/E?
Sample Answer

Equity Research Associate Interview - Equity Research

Anonymous interview candidate in San Francisco
Interviewed: June 2021
Date Submitted: Jul 08, 2021
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Interview
Set up a call with HR and it was mainly all behavioral questions. It was a very conversational interview. Culture of the firm is focused more on long term investing so the average tenure is long and there is a low turnover rate.
Interview Questions
What is something that made you unsuccessful in high school but successful in college?
Sample Answer

Summer Associate Interview - Generalist

Anonymous interview candidate in San Francisco
Interviewed: June 2019
Date Submitted: Jul 14, 2020
Outcome
Declined Offer
Interview Source
Employee Referral
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Interview
3-4 interviews with HR, associates, and analysts. A solid mix of behaviorals, cases, and technicals - though those were easy.
Interview Questions
Most of the questions were pretty easy. I was asked basic behaviorals along the lines of why this firm, why SF, why asset management, what got you into investing, etc. Then some basic technicals such as what is FCF both levered and unlevered etc. There was a short case where you had to talk about a company / transaction where they asked you basic questions about the facts of some merger and whether or not it made strategic sense. A lot of broad investing questions about what makes a good investment, how would you value different assets, etc. All pretty easy.
Sample Answer

Summer Analyst Interview - Equity Research

Anonymous interview candidate in San Francisco
Interviewed: June 2019
Date Submitted: May 19, 2020
Outcome
Declined Offer
Interview Source
Other
Length of Process
Less than 1 month
Application
Phone Interview
Interview
Pretty much a one thirty minute interview with three people, stock pitch techs and behaviorals, could have been a bit easier since my school has a good relationship. very nice people!
Interview Questions
Stock pitch: they asked a bunch of follow ups but were less maybe discussion based q’s and more just to see if i understood the thesis myself, took about ten minutes for this section. make sure you know one pitch and know it well.

Techs: basic basic accounting question on depreciation, also they asked about the difference between FCF and LFCF and how taking on debt would impact a valuation

Behaviorals: runnof the mill, what do you look for in a mentor, why asset management/not investment banking
Sample Answer

Research Associate Interview - Generalist

Anonymous interview candidate in New York
Interviewed: September 2019
Date Submitted: Oct 16, 2019
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Standard process, on-campus interview, and if advanced to the next round they would invite for a super day in San Francisco in their office.
Interview Questions
Value investing is having a very tough period right now. You are a college student, and someone might tell you don't do it. Why would you do it? If value investing is so good why other people aren't doing it? What is a good business in your opinion? Tell me about a time when you failed? What was your greatest accomplishment? Tell me about a company that you researched? What do you want to do in the long-term? What would you get out of our program? What is your favorite book? How would you research an idea?
Sample Answer

Equity Research Associate Interview - Equity Research

Anonymous interview candidate in New York
Interviewed: September 2019
Date Submitted: Sep 19, 2019
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
i submitted the resume on handshake and was selected to interview next several weeks. the whole process is first on campus then SF headquarter.
Interview Questions
The whole interview is scheduled for 30 min but it only interview me for 15-20 min. she did not ask my resume or past experience before. just start with why you want to join this industry? how do you do fundamental analysis or how do you understand that? can you show me your process to do fundamental analysis? do you know financial statements? whats the difference of ebitda and ebit? if a company has more ebit than ebitda, what does this mean? do you know anything or why you want to work at our company? any questions
Sample Answer

Summer Research Analyst Interview - Investments

Anonymous interview candidate in San Francisco
Interviewed: August 2019
Date Submitted: Aug 14, 2019
Outcome
Declined Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
Interview
Dodge & Cox had on campus informational sessions and coffee chats; once applications opened up, I reached out to an analyst I spoke with and he pushed me through the process. Response rate was ~2-3 weeks from application submission to receiving interview.
Interview Questions
Questions about my stock pitch were most difficult -- the analysts asked questions that focused on the qualitative aspects of the business rather than any kind of quantitative measures, etc. Was mostly asked about how the business operated and generated revenue.

I pitched a company that traded at a 9x P/E ratio, and was asked about how I could feel comfortable purchasing such an expensive stock.
I was also asked about the specifics of the company's competitive advantages, and how sustainable they were.
Sample Answer