Skip to main contentA logo with &quat;the muse&quat; in dark blue text.
Howard Hughes Medical Institute

Investment Associate

Current HHMI Employees, click here to apply via your Workday account.

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 $24 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.

Want more jobs like this?

Get Business Operations jobs delivered to your inbox every week.

By signing up, you agree to our Terms of Service & Privacy Policy.


You will be part of a collegial 15-person Investment team and gain valuable experience in endowment management. The investment staff consists of a Public Markets team and Private Markets team. Associates may work with one or both teams, depending on individual and Institute needs, though a "generalist mindset" is highly desired. Exceptional performers will have the opportunity to build their career with HHMI. Though the associate position is meant to be a three-year appointment, many members of HHMI's senior team, including the CIO, began their tenure on the investment team as associates.

In this role, you will support investment decision making in:

  • Manager identification, evaluation and diligence across multiple asset classes including public and private equities, hedge funds, and real assets
  • Monitoring and re-underwriting existing investments
  • Review of direct co-investment opportunities and special projects
  • Assessing attractiveness of global markets and investment strategies
  • Preparation of internal and investment committee reports for discussion

Education and Experience

The successful candidate will demonstrate an interest in investing and present a track record of accomplishment in their prior endeavors. 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 about whether you meet all of the qualifications, experience or education described below.

  • Bachelor's degree required; both pre- and post-MBA candidates considered.
  • Two to five years of related work experience in endowment management, direct investing, investment banking or management consulting, for example.

Skills and abilities

  • Superior analytical skills with a firm understanding of investment theory and financial markets
  • Excellent research and critical thinking skills; capable of synthesizing large amounts of data and information in a clear and concise manner
  • Strong written and verbal communication
  • Ability to take initiative, manage multiple tasks simultaneously and meet deadlines
  • Willingness to make independent assessments and recommendations
  • Willingness to embrace a team-oriented outlook involving collaboration and fostering effective relationships with all colleagues
  • Willingness to travel globally to meet with existing and prospective investment partners

The position is for a three-year appointment. Applications are accepted on a rolling basis.

As part of your application, please submit:

  • A one-page cover letter which describes your interest in long-term investing and desire to work 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 essential 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 Range:

Investment Associate - $107,944 (minimum) - $134,930 (midpoint) - $175,409 (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.

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.

HHMI is an Equal Opportunity Employer

Job ID: HHMI-R-24
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • FSA
    • HSA
    • Health Reimbursement Account
    • Fitness Subsidies
    • On-Site Gym
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
  • Office Life and Perks

    • Commuter Benefits Program
    • Happy Hours
    • Snacks
  • Vacation and Time Off

    • Personal/Sick Days
    • Paid Holidays
    • Paid Vacation
  • Financial and Retirement

    • 401(K) With Company Matching
    • 401(K)
  • Professional Development

    • Learning and Development Stipend
    • Access to Online Courses
    • Tuition Reimbursement
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program

Company Videos

Hear directly from employees about what it is like to work at Howard Hughes Medical Institute.