Fall 2027 Investment Analyst

Stanford Management Company, located on campus at the Stanford Graduate School of Business, invests Stanford University's endowment funds.  The endowment provides critical financial support to current and future generations of students and scholars, supplying over one fifth of the University’s operating budget each year.  We aim to preserve the endowment’s purchasing power in perpetuity by achieving high investment returns while taking an appropriate amount of risk.  This very long-term view underpins our asset allocation and manager selection across public and private equity, hedge funds, real estate, natural resources, and fixed income.

 

Who Will You Work With?

We are seeking analysts to join our 19-person investment team.  We sit together in an open office, where you will collaborate with senior investment team members and contribute actively to team deliberations.  You will also work closely with leading investment managers from around the world.  We believe investing is an apprenticeship, and you will receive training and mentorship from the entire team. 

 

What Will You Do?

You will research new investment managers, present in weekly investment team meetings, write investment recommendations, and lead special projects.  We will teach you the fundamentals of asset allocation, including mean-variance optimization, and the process of selecting investment managers and underwriting investments.  You will learn about a broad variety of investment strategies and asset classes.  You will gain financial modeling skills, improve your written communication, and learn due diligence techniques.  You will travel up to 20%, typically to major domestic and international financial centers.

 

We operate as a meritocracy, and we view the analyst position as the beginning of a challenging and rewarding career in investing.  If you are successful, we hope you will work at Stanford for many years.

 

You should submit your resume, unofficial transcript, and one-page cover letter describing your interest in the position and how you heard about this opportunity. To be considered, all three documents must be submitted. Applications are due by October 2, 2026, 11:59pm PT. Start date to be determined based on candidate availability and completion of degree.

 

The expected base pay range for this position is $103,000 to $115,000 per annum.

 

Responsibilities

Core Duties:

• Support assigned team in a variety of analytic and investmentmanagement activities.

• Conduct research, analyses and assist with due diligence insupport of the selection and evaluation of potential investments(portfolio fit, sponsor’s track record, assessment of team, deal/fundstructure, excel modelling).

• Perform asset class/industry research relating to investmenttrends and global market environments.

• Run portfolio level analysis in support of asset allocation,portfolio construction and future investment commitments.

• Conduct valuation updates and monitor performance for theexisting portfolio(s).

• Perform research and analysis of benchmarking and comparativestatistics.

• Complete ad hoc projects related to overall endowmentmanagement.

• Assist in the preparation of standard Investment Committeereports, memos and presentations.

Minimum Education:

Bachelor's degree in finance, business, or equivalent field

Minimum Experience:

One year finance, investment banking, and/or investment managementexperience or an equivalent combination of education and relevant workexperience.

Knowledge, Skills and Abilities:

• Fundamental understanding of investment principles and financialmetrics.

• Strong technical/quantitative skills with demonstrated ability toexecute complex financial analysis.

• Ability to communicate effectively with senior management andinvestment professionals.

• Proficiency in MS Excel, Word, and PowerPoint.

• Ability to work independently with minimal supervision, and on acollaborative basis as part of a team.

• Accuracy, attention to detail, ability to multi-task, andorganizational skills.

• Team orientation and strong interest in supporting the work of auniversity endowment.