Job Details
Primary Work Address: 4000 Jones Bridge Road, Chevy Chase, MD, 20815
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The Howard Hughes Medical Institute (HHMI) advances the discovery and sharing of scientific knowledge to benefit us all. As a biomedical research organization and philanthropy, HHMI supports a vibrant community of academic researchers, educators, students, and professionals. Our Headquarters is in the greater Washington, DC metro area and is home to over 300 employees. HHMI's Investment team manages an endowment with net assets of approximately $25 billion, and invests globally through long-term partnerships with world-class external investment managers. HHMI's endowment comprises a diverse portfolio, including investments in public equity funds, growth equity and buyout funds, venture capital funds, hedge funds, real assets and direct co-investments.
Summary:
You will be part of a collegial 19-person Investment team and gain valuable experience in endowment management. The investment staff consists of a Public Markets team and Private Markets team. The Investment Analyst will work closely with both teams in support of the management of the Institute's endowment. This work will include assisting in the formulation of investment strategy and asset class analyses. This person may also participate in the evaluation of investment opportunities across all major markets including global public markets, private equity, and real assets. The Investment Analyst role is a two-year position with the option to extend for a third year. High performers may be directly promoted to Associate following the Analyst program.
This role is intended for a Spring 2025 college graduate. The start date for this position is July 2025.
What we provide:
- A role that is uniquely positioned to have an impact across the scientific landscape because of its ability to provide outstanding solutions and support that enable our people and advance our scientific mission.
- Support the Investment team that handles one of the largest endowments in the world.
- The opportunity to learn about new facets of the economy, meet with authorities across industry, and develop professionally under the guidance of a dedicated team.
- As a generalist, you get to invest across asset classes, gain a broad perspective, and discover which asset class interests you the most.
- Exceptional performers will have the chance to build their career with HHMI.
- A competitive compensation package that includes a 10% employer contribution to your retirement, up to $10,000 in educational reimbursement each year, and a significant budget for professional development.
In this role, you will support investment decision making in: - Assist in the execution of the research agenda, investment strategy, and portfolio construction.
- Participate in the diligence of prospective opportunities and oversight of existing managers.
- Research a variety of markets and investment strategies.
- Document notes and relevant conclusions from meetings and analyses.
- Draft investment proposals.
- Participate in periodic on-site manager evaluations including oversight of operational evaluations. Ensure appropriate documentation of manager evaluations is recorded.
- Follow investment trends and opportunities, communicating proactively with colleagues and building and maintaining a network within the investment community.
What you bring: We are looking for candidates who are genuinely excited about the impact that successful management of our endowment plays in supporting HHMI's mission. If this role appeals to you, we encourage you to apply even if you are unsure whether you meet all of the qualifications, experience, or education described below.
- Bachelor's degree from a four-year institution
- 0 to 2 years of related work experience.
- Ability to express ideas clearly and concisely.
- Strong quantitative skills, including algebra, probability, and statistics.
- Ability to prioritize and understand the salient points of analysis.
- Ability to synthesize large amounts of information.
- Ability to handle several tasks simultaneously within timeframes.
- Attention to detail.
- A self-starter with an appetite for learning.
- Desire to work in a team-oriented, collaborative environment.
As part of your application, please submit: - A one-page cover letter which describes your aspirations in long-term investing and interest in working at HHMI's investment office.
- Your resume.
Physical Requirements: Remaining in a normal seated or standing position for extended periods of time; reaching and grasping by extending hand(s) or arm(s); dexterity to manipulate objects with fingers, for example using a keyboard; communication skills using the spoken word; ability to see and hear within normal parameters; ability to move about workspace. The position requires mobility, including the ability to move materials weighing up to several pounds (such as a laptop computer or tablet).
Persons with disabilities may be able to perform the duties of this position with reasonable accommodation. Requests for reasonable accommodation will be evaluated on an individual basis.
Please Note: This job description sets forth the job's principal duties, responsibilities, and requirements; it should not be construed as an exhaustive statement, however. Unless they begin with the word "may," the Essential Duties and Responsibilities described above are "essential functions" of the job, as defined by the Americans with Disabilities Act.
In addition to the base salary described below, this position is eligible to be considered for an annual bonus pursuant to an incentive compensation program.
Compensation and Benefits Our employees are compensated from a total rewards perspective in many ways for their contributions to our mission, including competitive pay, exceptional health benefits, retirement plans, time off, and a range of recognition and wellness programs. Visit our Benefits at HHMI site to learn more.
Compensation Range
$80,465.60 (minimum) - $100,582.00 (midpoint) - $130,756.60 (maximum)
Pay Type:
Annual
HHMI's salary structure is developed based on relevant job market data. HHMI considers a candidate's education, previous experiences, knowledge, skills and abilities, as well as internal equity when making job offers. Typically, a new hire for this position in this location is compensated between the minimum and the midpoint of the salary range.
HHMI is an Equal Opportunity Employer