Investment Associate

The Howard Hughes Medical Institute (HHMI) is a leading biomedical research organization and philanthropy headquartered in Chevy Chase, MD. HHMI's Investment team manages an endowment of approximately $26 billion and invests globally through long-term partnerships with external investment managers across public equity funds, growth equity and buyout funds, venture capital funds, hedge funds, real assets, and direct co-investments.

The Investment Associate will join a collegial 19-person investment team structured around Public Markets and Private Markets groups. Associates may work across both teams with a generalist approach preferred. The position is a three-year appointment, with exceptional performers having the opportunity to build a longer-term career at HHMI; several senior team members, including the CIO, started as associates.

Responsibilities include manager identification, evaluation, and due diligence across multiple asset classes; monitoring and re-underwriting existing investments; reviewing direct co-investment opportunities and special projects; assessing the attractiveness of global markets and investment strategies; and preparing internal investment committee reports.

Both pre- and post-MBA candidates will be considered. Candidates should have 2-5 years of relevant experience, a bachelor's degree, and a genuine interest in investing and endowment management. The role is based at HHMI's headquarters in the greater Washington, DC metro area.