Cambridge Associates, LLC
3.5 of 5 111 reviews
www.cambridgeassociates.com Boston, MA 1000 to 5000 Employees

Cambridge Associates, LLC Reviews

Updated Mar 26, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

3.5 111 reviews

                             

93% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(83 ratings)

69% of employees recommend this company to a friend
16 Employee Reviews Back to all reviews
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Save Your Soul; Do NOT work in IT!

Software Engineer (Former Employee)
Arlington, VA

I worked at Cambridge Associates, LLC full-time for more than 3 years

ProsFlexible hours, good work/life balance, very friendly people to work with.

ConsCompensation is a JOKE. If you're a developer, you will never use the latest technologies. 90% of our applications are not MVC based and because we are not a tech firm, there is no interest in pushing for using more robust languages or technologies. If you try to push for making something better or faster by implementing a new process or framework, you will get shut down because everyone in IT is afraid of change. Most developers have been around since the early 90s and have not bothered to learn any new languages since then (all while getting cost of living raises throughout the years). All of our new applications and new projects are being completely outsourced and costing the firm hundreds of thousands, if not millions. Developer roles are now completely support based, no new development is happening.

This is an investing firm, not a tech firm and IT is always considered a support role to the firm's decisions. Currently everyone in the firm thinks IT is a joke because we have major operational issues and cannot keep servers running smoothly. This then drives the idea that we need to outsource everything instead of promoting/hiring people who actually know what they're doing.

Don't be a part of this sinking ship.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Fraternity Like Culture

Anonymous Employee (Former Employee)
Menlo Park, CA

I worked at Cambridge Associates, LLC full-time for less than a year

ProsIt's a decent job if you're fresh out of college. The pay is nothing special, but it will pay your bills. No real chance for upward mobility unless you get an MBA. Generally recruits undergraduates out of liberal arts colleges, very Caucasian heavy office with young guys and gals who recruit people who are similar to themselves, and thus the fraternal like culture.

ConsNo real diversity, it would be nice to talk to a colleague who isn't stuck in the past about they glory days of Friday nights on campus.

Pay isn't too good

Advice to Senior ManagementGet some new fresh blood from different backgrounds besides your typical fraternity/sorority brother or sister.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Mixed feelings about PRG/MIG experiences thus far.

Analyst (Current Employee)
Arlington, VA

I have been working at Cambridge Associates, LLC full-time for more than a year

Pros- The consultants are smart, hard working, and dedicated to C|A's cause.
- The firm is well respected; a thought leader within the pension/endowment space.
- Strong work ethic exhibited throughout the firm.
- Generous earned time off.
- Fellow analysts are pretty cool.

Cons- Management in PRG/MIG is extreme in their views.
- Limited internal mobility both within the department and at the firm.
- Monotonous work and underpaid for extreme work hours.
- Little to no recognition for work being done.

Advice to Senior ManagementAdvice to firm wide management: take a second look at how the Wilson office employees are managed.
Open internal opportunities to all employees.
Focus more on development and less on keeping the norm.

No, I would not recommend this company to a friend

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Monotonous work, smart colleagues, not much room for advancement.

Investment Performance Analyst (Current Employee)
Washington, DC

I have been working at Cambridge Associates, LLC full-time for more than a year

ProsSmart, hard-working co-workers. Plenty of internal company resources within the financial services industry that allow analysts to learn easily if interested. Sponsorship for the CFA and CAIA are also a nice perk.

ConsOnly a decent salary with not much room for growth. Job is highly cyclical, involves doing the same thing quarter after quarter. A lot of micro-managing within the firm.

Advice to Senior ManagementNeed to find a way to give entry-level employees more room for growth within the firm so that they will want to stay for longer.

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

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Decent but should be better

Anonymous Employee (Former Employee)
Arlington, VA

I worked at Cambridge Associates, LLC full-time for more than 3 years

ProsCambridge is a great name to have on your resume as other companies in the investment management space really respect the firm. You do learn a lot about the industry and have access to some very smart people.

ConsCambridge does not pay very well at all. They consistently talk about retaining top talent and the easiest way to do that it to pay them, Cambridge does not agree. They continue to hire every year despite need so redundancy is a real problem. There is virtually no way to move up to be a consultant unless you leave to work for another firm or get your MBA; however, once you've done that you don't want to come back to work for the salary that Cambridge offers.

Advice to Senior ManagementThere needs to be a very clear way to move up in the firm without leaving. If you want to retain the top talent, cultivate that talent when it is recognized. Pay more, people will put up with a lot of the office politics (and there is a ton there) and unimpressive managers if they are compensated accordingly. There also needs to be some accountability for superiors.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Very dull and boring workplace and company in general.

Anonymous Employee (Former Employee)

I worked at Cambridge Associates, LLC full-time

ProsPeople are nice enough and if you like solitude, this is a great place for you.

ConsUnexciting, boring, uninspiring job and company

Advice to Senior ManagementWake up and realize where the industry is heading!

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Cambridge Associates was a waste of time

Investment Performance Analyst (Former Employee)
Arlington, VA

I worked at Cambridge Associates, LLC full-time

ProsI enjoyed working with my coworkers in the "secluded" office. They were about the only thing that kept me at Cambridge Associates.

ConsLack of experienced management, communication, and help. When you speak up, no one ever listens or tries to fix the situation.

Advice to Senior ManagementListen to your employees when they speak up to you. We are speaking up for a reason.

No, I would not recommend this company to a friend

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Unprofessional Operations department with little to no opportunity for career advancement...

Investment Performance Associate (Former Employee)
Arlington, VA

I worked at Cambridge Associates, LLC full-time for more than a year

ProsCollegial work environment that is ideal for a recent college graduate.

ConsMislead about the quality and type of work I would be performing as an Investment Performance Associate.
Mid-level management incredibly out of touch with the work of their subordinates.
Operations/Performance Reporting department provides little potential for career development.
The work done in performance reporting does not translate well to any other position in Finance.

No, I would not recommend this company to a friend

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Good first job, but that's about it - not a learning environment and not much room for professional development.

Investment Performance Associate (Former Employee)
Arlington, VA

I worked at Cambridge Associates, LLC

ProsIt pays well, it's a decent introduction to the world of finance, lots of young people, and the benefits are nice.

ConsThe work lacks substance. As an associate, I would spend all my time hunting down performance numbers and checking work to make sure there were no obvious errors. If you had asked me on any day how the market was doing or what investment strategy seemed to be working, I would have had no clue.

Advice to Senior ManagementI didn't find much wrong with the leadership. The truth is that it is a job that needs to be done and the nature of that work did not suit me very well as an aspiring college grad looking to utilize my critical thinking/analytical abilities.

No, I would not recommend this company to a friend

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Cambridge Associates Manager

Manager (Current Employee)
Arlington, VA

I have been working at Cambridge Associates, LLC

ProsGood intiaial experience for young college graduates. Looks good on resume. Ability to work on multiple projects / asset classes. Most employee leave for business school after three to five years.

ConsPay is sub standard for finance industry. Limited upward mobitlity. Corporate philosophy is very backwards looking, and firm management is afraid to be bold in taking new direction.

Advice to Senior ManagementThe future is not going to look like the past so stop looking in the rear view mirror. Founders' philosophy worked 20 years ago; time to re-assess.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Cambridge Associates, LLC reviews and ratings — including employee satisfaction and approval rating for Cambridge Associates, LLC CEO Sandra A. Urie. All 16 reviews posted anonymously by Cambridge Associates, LLC employees.