Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews in Boston, MA

Updated Apr 17, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

4.2 20 reviews

100% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(16 ratings)

94% of employees recommend this company to a friend

Review Highlights

Pros
  • For the industry, there is good work/life balance at Cambridge Associates(in 22 reviews)

  • Opportunity to learn about all asset classes through due diligence on top investment managers, research, etc(in 14 reviews)


Cons
  • Long hours during peak periods, work can sometimes be repetitive(in 12 reviews)

  • status reporting, and (3) data entry(in 8 reviews)

9 Employee Reviews Back to all reviews
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    1 person found this helpful  

    Great culture/learning opportunities, but non-competitive salary for hours demanded

    Senior Consulting Associate (Former Employee) Boston, MA

    Pros-Culture is great--firm-wide outing, good benefits (vacation time is generous), friendly team-centric atmosphere
    -Lots of young people in associate/analyst roles makes for a social firm
    -PD is highly encouraged--opportunity to attend and present at client meetings early on, business schools present at the office, attending manager meetings is encouraged and open to all
    -Opportunity to learn about all asset classes and work on many different client types
    -Associates who want to go onto business school get into top ten schools regularly and the CA name is well known and respected, at least in Boston

    Cons-The salary is not competitive in the finance or consulting industries, and while the entry level salary is okay, the promotion increases and bonuses are basically non-existent which can be demoralizing
    -While the Associate group is very social and bonds quickly over the long hours, at times morale can be low among the group because the pay is really not commensurate with the hours expected and frustration breeds
    -Promotions are decided by "peer" leaders, who read the feedback from the consultants you work with and then summarize it and present it to you. This quickly becomes a popularity contest and puts an unnecessary "middle man" in the feedback loop.

    Advice to Senior Management-Increase the pay jump for the promotion between Consulting Associate and Senior Consulting Associate
    -Recognize that burnout is a real threat to providing high quality service to our clients, and don't trim the number of Associates when you think about tightening the budgets--a small trim makes a real negative impact on the group and on our work/life balance
    -Don't cut the auxiliary team opportunities as Associates are more in demand on client work--this is a major recruiting draw for undergraduates coming out of college and is valuable to both their PD and the firm, as they provide marketing, Excel, Recruiting, etc. support

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Cambridge provides great opportunities for personal and professional growth.

    Anonymous Employee (Current Employee) Boston, MA

    ProsThere are lots of very nice, intelligent, hard working, motivated people.

    ConsThere is a lack of vision and leadership by senior management. It is a very insular team with too much group think.

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    Great learning experience for somebody fresh out of college.

    Senior Consulting Associate (Current Employee) Boston, MA

    ProsBroad exposure to various asset classes, get to work with many smart and talented peers and senior team members, generous benefits including paid time off

    ConsCompensation is on the lower end of the spectrum, work can become repetitive after a few cycles

    Advice to Senior ManagementMonitor and manage staffing situation better so that associates are not prematurely assigned to new clients before having a chance to fully evaluate capacity.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
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    1 person found this helpful  

    Interesting, Broadening, but can be limited career progression

    Anonymous Employee (Current Employee) Boston, MA

    ProsNice people, senior management makes the effort to get know you, Interesting topics and great depth in knowledge within the firm, good work life balance if you are in the right team

    Constakes a long time to be promoted, not a lot of certainty about career path, as with many junior positions the work can get repetitive after a while

    Yes, I would recommend this company to a friend

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    Good first job in finance

    Investment Performance Analyst (Former Employee) Boston, MA

    ProsThis was a great opportunity out of college. Room to learn about alternative investments (private equity). Gain exposure to many different portfolios and private equity funds

    ConsThere is not much room for advancement if you are there for more than 3 years and haven't been significantly promoted. High turnover at times

    Yes, I would recommend this company to a friend

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    Consulting associate role is a great experience, but can dominate your life.

    Consulting Associate (Former Employee) Boston, MA

    ProsThe associate group is a young and very collegiate (you can get help when you are overworked). It is a great experience for recent grads.

    ConsThe pay is a little depressing when you are there until 3 or 4 in the morning every day for a month. There is almost no possibility for career advancement for associates. It's three years and out.

    Advice to Senior ManagementAssociate morale gets pretty low and the perception is that management does not care. It is a client-focused firm so client requests must be honored, but management should do more to bolster morale.

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    Good place to start a career in the investment industry

    Consulting Associate (Former Employee) Boston, MA

    ProsGreat big picture introduction to asset management. You learn about asset allocation, manager selection, risk management.

    Chance to work with some great colleagues. Many supervisors are supportive, friendly, and genuinely interested in your career development. Less office politics than other investment firms.

    If you do a good job, management will try to assign you to projects related to your career interests.

    You can get into a Top 10 MBA program.

    ConsPay is relatively low. You are expected to work long hours compared to how much you are paid.

    While the work is challenging at first, it becomes repetitive after a year or so.

    Advice to Senior ManagementManagement has done a great job of growing the company. Since it was founded, Cambridge has become the worldwide leader in investment consulting. Leadership should be proud of the job they've done.

    Yes, I would recommend this company to a friend

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    Thumbs Up

    Consulting Associate (Current Employee) Boston, MA

    Prosexperience
    broad exposure
    work with lots of teams/personalities/experience levels
    lots of responsibility for a first job (ie - hiring done by Consulting Associates)

    Conshours can be long; pay isn't the best
    bonuses fail to reflect performance

    Advice to Senior ManagementStart firing those with no value add - and give their pay to those who work hard!

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Great Firm, Good Work, Poor Pay

    Consulting Associate (Current Employee) Boston, MA

    Pros- Opportunities for personal and professional growth
    - Brilliant Consultants/MD's always available to explain rationale or investment philosophy
    - Unrestricted access to clients, managers, etc...

    Cons- Base pay is very low
    - Bonus structure doesn't lend itself to inspiring above-and-beyond performance
    - Hours can be grueling at times

    Advice to Senior ManagementCambridge Associates is a well-managed firm. CA's work hard and put in the effort to differentiate Cambridge from its competitors. That hard work and aptitude should be rewarded with a pay structure more in line with the industry norms.

    Yes, I would recommend this company to a friend

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