Boston University is the 4 th largest private, not-for-profit, residential research university in the US, with over 35,000 students and annual revenue in excess of $2.5 billion. Established in 1869, the University offers a breadth of undergraduate, graduate, and professional programs through its 17 Schools and Colleges and more than 300 fields of study. In a continuing effort to enrich its academic environment and provide equal educational and employment opportunities, Boston University actively encourages applications from members of all groups underrepresented in higher education. The University is an AAU institution with a rich tradition of inclusion. It is proud to be the first American university to award a Ph.D. to a woman, and it continues that tradition of educating a diverse and talented student body.
The $3 billion Boston University Endowment Portfolio is diversified across a variety of asset classes and investment strategies. The Boston University Investment Office, formed in 2007, along with the Investment Committee of the University's Board of Trustees, is charged with managing the University's pooled long-term endowment assets for the current and future support of operations and with preserving the long-term purchasing power of the Endowment. It currently supports approximately 3% of the University's operating budget. For additional information, please refer to https://www.bu.edu/investments/
The University seeks to add a thoughtful and bright Investment Associate to join its collegial, nine-person Investment Office. Team members must live in the Boston area but post an initial training period, have the option to work remotely 2 days a week. The Investment Associate will play an integral role on the team and will be involved in portfolio analyses, investment manager due diligence, and manager monitoring efforts. The position offers an opportunity to have broad exposure to all asset classes and develop investment expertise in an intellectually demanding and collaborative environment. The position will report to the Chief Investment Officer and will work closely with all investment team members.
The Investment Associate's primary responsibilities will include: (a) assisting in rigorous manager due diligence of prospective fund investments and ongoing monitoring of existing investments, (b) writing for and presenting to the investment team and the University's Investment Committee of the Board of Trustees on issues including endowment performance, prospective investment strategies, portfolio structure and manager recommendations, and (c) actively participating in asset allocation and investment manager discussions on a weekly basis.
The Investment Associate will keep current on market trends and evaluate the impact of market changes on the portfolio and on individual managers as well as contribute to investment policy and portfolio structure decisions. The Investment Associate will contribute to the Investment Office's collegial culture, assisting in training of the Investment Analysts and completing special projects, as needed.
This is a post MBA position
High ethical standards and personal integrity
Self-motivated, proactive, intellectually curious
Ability to work (both independently and in conjunction with others) effectively and cooperatively in a small, collegial team environment
Preference for In-depth knowledge of financial markets, investment portfolio strategy and endowment management
Superior analytical capabilities, combined with an ability to gather, organize and analyze data effectively to draw relevant conclusions and make appropriate recommendations
Mastery of Excel and PowerPoint; familiarity with Bloomberg
Strong time management skills and the ability to handle multiple projects and priorities
Strong analytical, writing, and presentation skills, as well as the ability to concisely communicate
Strong interpersonal skills and ability to interact with investment managers and investment committees
Preference for 3+ years of investment-related work experience
Preference for endowment, investment management, investment banking, or consulting experience, but not required
MBA from a top business school and strong academic record; preference for Finance, Economics or quantitative field and/or its equivalent, but not required
Start Date: Flexible
Location: Boston, MA
Cover letter must be submitted in order to be considered.
This position is eligible for Boston University's generous benefits package including health, dental, life insurance, tuition remission, paid time off, and so much more!
Please note all newly hired staff and faculty, will need to be in compliance with Boston University's COVID-19 Vaccination and Booster Requirementwithin 30 days of date of hire. You must upload your vaccine documentation or request a medical or religious exemption (instructions). For further information on the University's response to COVID-19, please visit the Back2BU site.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.
Boston University is no small operation. With over 33,000 undergraduate and graduate students from more than 140 countries, 10,000 faculty and staff, 16 schools and colleges, and 250 fields of study, our two campuses are always humming.