Dodge & Cox Reviews | Glassdoor

Dodge & Cox Reviews

Updated August 31, 2017
20 reviews

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4.3
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John A. Gunn
12 Ratings

20 Employee Reviews

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  1. "Great Place to Learn the Tenets of Value Investing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Research Associate in San Francisco, CA
    Former Employee - Equity Research Associate in San Francisco, CA
    Recommends
    Positive Outlook

    I worked at Dodge & Cox full-time (More than a year)

    Pros

    Fantastic research capabilities and excellent people.

    Cons

    None that I can think of


  2. Helpful (3)

    "Cushy job, but don't rock the boat"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in San Francisco, CA
    Current Employee - Research Associate in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Dodge & Cox full-time (More than a year)

    Pros

    - relaxed work environment
    - project-based workflow, work at your own pace, complete things in the way that you want to
    - awesome benefits. some of the best health/wellness benefits that any company offers
    - good raises
    - people are generally smart, all come from pedigree schools, good exit opps to business school (usually HBS, GSB, Wharton, or Booth)
    - flexibility to work on your own investing projects and test-drive them with your boss; increase your investing IQ

    Cons

    - RA position is a cost center for the analysts. minimum effort is put in to coach and guide you. dead end job, they will cycle you out after 4 years. (virtually) no opportunity to advance up the ladder to analyst, and hence there is no cultivation of talent/interest at all in the RAs from the analysts. all the RAs have run the numbers... the amount of money our bosses make is sickening relative to how much they pay us, especially considering the living costs of SF and what others in the industry are paid straight out of college (more than us).
    - the work is often menial and tiresome. the analysts do not respect our opinions or often even care what we think. this is not an investing job. its a model jockey job.
    - the analysts/management are stuck in their ways, using the same tired method of cyclical investing. this does seem to work for them, to their credit (although less so recently). they don't like to be shown a different viewpoint, even though its something they say they want to hear.
    - company culture of not firing analysts... is seriously detrimental to analyst investment IQ. a lot of them just aren't incentivized to be truly contrarian with their investing ideas. it also means that the RA position is a dead-end job, since they only hire like 1 analyst every 2-3 years, they are not looking at the RAs as serious talent.
    - workplace is like a library. human interaction is a minimum, and I cannot stress this enough. I can go all day without opening my mouth, and that is a typical workday. as an RA, there is literally no reason to be interfacing with your peers. none of the workflow is collaborative, except with the analyst you are attached too...
    - the pay could be better. considering the living conditions of SF, how much the analysts make, and how much other entry-level finance jobs are paying... i mean come on. 50bps on $300b of assets = 1.5b, overhead can't be more than 200-400m including salaries for ALL employees... the other 1b+ goes to about 50 shareholders, so on average a shareholder gets paid 20m? and the RA starting salary is 90k in a city where a studio apartment costs 2,500/month????

    Advice to Management

    - cultivate talent in the RA program, actually show an interest in our opinions. there are some good people here.
    - pay us more. frfr.
    - fire some analysts. seriously some are dead weight.
    - provide a path to continue working at the company for the RA program. you would definitely get more interest and effort from the RAs. this would likely involve creating more investment roles to augment the simple distinction between 'analyst' and 'research associate'... maybe junior analyst? a role that would involve writing up names but where you could also be fired. have you ever considered firing people?
    - more group activities. seriously us 20-somethings are social creatures and this library thing is stifling.

  3. "Wouldnt want to work anywhere else"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great people and a great environment

    Cons

    nothing was a con in this great company

    Advice to Management

    keep doing the same job and you will be great


  4. Helpful (1)

    "Fantastic place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Dodge & Cox full-time

    Pros

    Very sharp people laser-focused on generating attractive long-term returns for clients while taking minimal risk. People are generally intellectually curious, pleasant, and easy-to-get-along with.

    Cons

    Should consider a higher % of performance driven compensation for junior employees to reward top performers

    Advice to Management

    Continue to focus on improving the investment process through examining the root causes of mistakes


  5. "Financial investment intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Learn a lot. Fantastic working environment.

    Cons

    Workload is kind of heavy.


  6. Helpful (7)

    "Admin. Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in San Francisco, CA
    Former Employee - Administrative Assistant in San Francisco, CA
    Neutral Outlook
    Disapproves of CEO

    I worked at Dodge & Cox full-time (More than a year)

    Pros

    Great comp and cadillac benefits package. Profit pension sharing. High intellectual capital. Great location. Funds have historically done very well. Company has avoided for the most part the financial catastrophes that most other American co's weathered or imploded from.

    Cons

    Dusty. Antiquated IT systems (AS400). Not entrepreneurial or innovative. A culture where no one will rock the boat or challenge the majority or establishment because everyone is paid extremely well and it is worth it to them to wait it out until they get their turn on the investment committee(s) and / or executive committee. Arrogance and mediocrity abound. Extreme conservatism and reluctance to change may be great in terms of investment style. But not in terms of sticking with antiquated systems / antiquated and skeletal operations procedures and staff / and skeletal and incompetent / entitled and lazy admin staff. It may not be broken...but it will be someday. You cannot manage billions of assets without embracing some change and the future.

    Advice to Management

    Embrace change and the entrepreneurial spirit. You encourage each employee to 'act like an owner' and to 'suggest improvements even if it's uncomfortable', but then terminate some for doing so. Stop being so terrified of anyone who doesn't drink the daily koolaid. You can consider making some modernizations without changing the investment style. Get with the times in regards to systems and operational best practices. Shed lackluster and dusty vendors. Consider hiring an outside consultant to point out your weak spots because your org has major blind spots.


  7. "Love It"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    Pros

    It's a perfect place to work

    Cons

    Things tend to move too slowly

  8. Helpful (3)

    "Not all its cracked up to be"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Dodge & Cox full-time

    Pros

    Excellent pay, cadillac benefits package, and good work-life balance. Employees were all smart and strived to do good work.

    Cons

    Lots of big egos. Unnecessarily rigid and conservative office environment. Introspective ('we already do it the best way') culture and as a result, slow to evolve. Middle management was insecure, having no real decision-making authority due to the consensus based process. Career growth is extremely limited, with tenure and one's ability to navigate the political landscape being the main factors to long-term advancement.

    Advice to Management

    Stop claiming to be a flat organization. The silent hierarchy across the firm undermines this self-proclaimed value. Hire more people to get the work done up to industry standards; it won't eat into your shareholder dividends.


  9. "Great place to build long term career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at Dodge & Cox full-time (More than a year)

    Pros

    Life time employment. Good pay. Good work-life balance. Smart people.

    Cons

    Very slow and conservative corporate culture


  10. "Intern"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Yes it is good to all

    Cons

    No issues or problems to report


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