Investment Research Associate

Company Profile

Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income, and alternative offerings.

We manage approximately $69bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.

GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.

Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.

Position Overview

The Investment Research Associate is a three-year rotational program in which a successful candidate will work across multiple investment teams at GMO. The Investment Research Associate role is a unique opportunity to work with quantitative and fundamental investors across a variety of asset classes including equities, fixed income, alternatives and asset allocation. We aim to develop and identify exceptionally bright and motivated individuals to build our pipeline of talented investors. You will work closely with experienced researchers, portfolio managers and traders at GMO. Each rotation will be approximately six to eight months in duration although the duration and nature of each rotation will vary based on investment team needs, fit and your skills and interests. Research and investment training will be provided on an ongoing basis throughout your tenure in the program, and will be accompanied with organizational initiatives to help you integrate as an employee at GMO. After three years of the rotational program, the goal is for you to be placed in a full-time position with one of our investment teams. You could also be placed to a permanent position in the middle of the three-year rotation.

Responsibilities:

Examples of the work include:

•Develop and/or redefine investment models and frameworks for understanding the drivers of returns and associated risks across markets

•Complete complex analytical projects

•Interpret company announcements

•Research macroeconomic themes

•Communicate and present investment ideas verbally and in writing with colleagues

Qualifications:

•Completed Bachelor’s or Master’s degree by June 2025

•Demonstrated interest in investing through prior internship experience or coursework

•Proven, effective verbal and written communication skills

•Programming experience in at least one of Python or MATLAB; familiarity with SQL

•Demonstrated interest in and passion for investing and strong desire to analyze investment opportunities

•Willingness and ability to take risk, try new things, and share a differentiated perspective

•Analytical and problem-solving skills: must be able to synthesize information, identify the most important elements, and arrive at a conclusion

•This role is ideal for proactive, intellectually curious people, who are able to prioritize, multi-task and strive in a team-oriented, collegial and collaborative environment

•Less than 2 years of relevant experience within the investment industry

Application Process

Step 1

1.Submit a Statement of Interest that explains (please keep it to one page):

•Why do you want to pursue a career as an investor?

•Please tell us something about yourself that is not on your résumé

2.Include your current résumé.

3.Include a copy of your transcript.

Step 2

Selected candidates will be asked to complete a phone interview with the manager of the Investment Research Associate program during October/November 2024.

Step 3

Selected candidates will be invited to an in-person or video interview at GMO’s Boston office during November 2024.

GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.