Cambridge Associates, LLC

www.cambridgeassociates.com
Engaged Employer

Cambridge Associates, LLC Reviews

Updated April 20, 2015
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3.0
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Recommend to a friend
Approve of CEO
Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
21 Ratings

Pros
  • Good work / life balance with opportunities to learn a lot about portfolio management quickly (in 24 reviews)

  • Opportunity to learn about all asset classes through due diligence on top investment managers, research, etc (in 15 reviews)

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

  • status reporting, and (3) data entry (in 9 reviews)

More Pros and Cons

32 Employee Reviews

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  1. Helpful (2)

    Administrative Assistant

    Current Employee - Administrative Assistant in Boston, MA
    Current Employee - Administrative Assistant in Boston, MA

    I have been working at Cambridge Associates, LLC full-time (More than 5 years)

    Approves of CEO
    Approves of CEO

    Pros

    Good vacation time, benefits and learning opportunities.

    Cons

    Currently in the midst of a reorganization,


  2. Helpful (3)

    Good company, leadership could be better. i am just writing the rest of this to fill the minimum number of words requird

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Associates, LLC

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    surrounded by smart and helpful people. i am just writing the rest of this to fill the minimum number of words requird

    Cons

    leadership fuzzy about company goals. i am just writing the rest of this to fill the minimum number of words requird

    Advice to Management

    be more open to suggestions and be more clear about what the goals and expectations of employees are


  3. Helpful (3)

    Review of Associate Role

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consulting Associate in Boston, MA
    Former Employee - Consulting Associate in Boston, MA

    I worked at Cambridge Associates, LLC full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    - Great People, and strong academic culture for those interested in learning more about investments. - Good benefits (401k, Insurance, PTO) - CFA Reimbursement / Top-Notch grad school opportunities make the Associate experience a great career-starter.

    Cons

    - Lower than average comp for hours worked has resulted in higher turnover at the Associate level. It also (seemingly) strains recruiting efforts, as top candidates go to better-paying firms. - Experience on the consulting side is 100% determined by the Directors you are staffed on clients with. - Little motivation to outperform; top performers are simply given more clients and eventually burnt out by overstaffing. - Management is slow-moving on strategic decision-making and seems uninterested in having a transparent discussion about the direction of the firm. The last Glassdoor review that constructively assessed these misalignments was promptly deleted. I think this speaks to the attitude of those at the top.

    Advice to Management

    - Hire more employees at different entry levels (ex] hire from outside rather than simply promote from within) - Recognize that it will be an upward battle to continue to retain talent if compensation packages remain where they are.


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  5. okay company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cambridge Associates, LLC

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    good work/ life balance, overtime pay is also a plus, flexible hours and work is super easy. you can enter the firm with very little knowledge

    Cons

    very low pay for industry standards, micro management is at it's worst, office culture rewards those who manage up information rather than higher performance


  6. Great place to start a career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consulting Associate in Boston, MA
    Current Employee - Consulting Associate in Boston, MA

    I have been working at Cambridge Associates, LLC full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    the people, the research, the ability to meet with industry leading investment managers

    Cons

    pay relative to hours worked is not competitive. develop plenty of soft skills but few hard skills.

    Advice to Management

    pay more or hire more to decrease the analyst-level workload


  7. Helpful (6)

    Decent Enough First Job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Analyst in Arlington, VA
    Former Employee - Investment Operations Analyst in Arlington, VA

    I worked at Cambridge Associates, LLC full-time (More than a year)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    -The benefits are great. The healthcare packages are fantastic, three weeks paid time off the first year and 4 weeks the second, 401(k) matching half of contributions (up to some small percent of pay though). -Colleagues are generally great. Lots of young professionals who are easy going and fun to be around. Also up for creating Cambridge sports teams for local leagues (bonus: C|A pays all the fees for the leagues!) -Good work life balance. -Opportunity to work overtime, increasing pay. -Well known and respected company -Other departments seem to treat employees better than PRG and MIG, would recommend entry level job as CA, particularly in the Boston office.

    Cons

    Management. Most of the managers in the MIG only got the position because they are too boring and unintelligent to figure out how horrible the MIG has become. They act like the head of the department is god and do whatever he says, even present data entry as FUN. The worst part is, I think some of them think it is fun. Employees are micro managed. The department talks about increasing productivity, but so much time is spent on stats reports, updating statuses, and even RECORDING WHAT THE EMPLOYEE DOES DURING THE DAY OVER 15 MINUTE INCREMENTS, that it's nearly impossible to do any real work. They still present the job as if employees receive projects like they did when the group first started, but now it's mind-numbing work all day, every day no matter the tenure. The micro-management in combination with the repetitive, boring nature of the work has caused more turnover than the department can handle. They are constantly understaffed, pushing more of the mind numbing work to tenured employees who have chosen not to take a micro management position as a team lead, and removing the opportunity to do any type of interesting work.

    Advice to Management

    To MIG management: Treat your employees like adults. Instead of micro managing to the point where they feel like they are a small child who cannot be trusted, let them do the work and prove they can handle it. They'll be happier in the workplace and be more willing to do the work if someone isn't looking over shoulders every minute of the day. Also, be honest about the work. Everyone knows it's not interesting, so don't sugar coat it. Improve the reviews and make them more about the employee and less about highlighting MIG values. Present more opportunities for career advancement, even if it isn't in the department.


  8. Helpful (3)

    Avoid the Manager Information Group (MIG)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cambridge Associates, LLC full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Generous professional designation (CFA, CAIA, CIPM) and tuition reimbursement policies. Firm has a great reputation in the industry, as evidenced by its long-standing relationships with many leading institutional investors. If interested in a career at CA, I would suggest looking into the firm's consulting/research roles. Good experience/knowledge to be gained in these areas. Not so much in MIG.

    Cons

    BE AWARE...MIG = rote data entry. As a member of MIG, you will sit in front of a computer screen for 8 hours a day mindlessly entering data into a proprietary tracking tool. You will meet with both team leads and assistant managers (on separate occasions) weekly to be told how to enter said data more efficiently. Turnover is extremely high and skills are non-transferable. Don't be fooled. Low-pay for industry/geographic area.


  9. Helpful (1)

    Good llace to get a start

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Arlington, VA
    Current Employee - Anonymous Employee in Arlington, VA

    I have been working at Cambridge Associates, LLC full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of young people in the support roles, really they are the lifeblood of the company.

    Cons

    Low pay for industry, work life can be difficult depending on clients that you are staffed on.


  10. Helpful (4)

    Don't join MIG yet

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cambridge Associates, LLC (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    -great industry research at your fingertips -firm is filled with smart, driven people -department has potential to become more valuable to the firm -firm-wide culture -flex-time benefits -decent amount of time off for a first time job

    Cons

    -some directors and assistant managers have no dedication to the team and it shows. this type of leadership breeds poor attitude within the department. -poor workload balance. some are bored, some are over-worked -department is underutilized and not respected by the rest of the firm -tuition benefits are a joke

    Advice to Management

    -middle managers: put some action behind your words or at least show you're trying to improve as a leader -senior managers: hire more directors and assistant managers that are motivating leaders and strategic thinkers


  11. Helpful (5)

    Save yourself and don't work in MIG.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Associate in Arlington, VA
    Former Employee - Investment Operations Associate in Arlington, VA

    I worked at Cambridge Associates, LLC full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    * Benefits are great - 3 weeks ETO for your first year, 4 weeks after, which is WAY above standard. All benefits are top notch. * Colleagues are great. Young, fun atmosphere in that sense. We liked to do happy hours, go out to lunch, etc. * Easy work. You do NOT need a college degree to do any job in MIG, though of course it's required. You can learn as much as you want to, but it's not necessary to do the work. * C|A as a whole is wonderful. Great CEO/COO, firm has a terrific reputation, clients love us, etc. We also just hired a CTO so hopefully IT stuff will improve. I recommend the company to a friend, NOT the department. * Pay, relative to what you do, really isn't that bad. Also, you get OT which can significantly increase your salary. * Flextime/flexplace. It's more structured than other places, but it still exists.

    Cons

    * MANAGEMENT. Micro-managers, micro-assistant managers. AMs think they rule the world, and some of them are truly truly awful. Bossy, rude, take all the credit for your work, and the managers aren't around enough to notice. Since a management team shift in September 2012 and the addition of assistant managers in September 2013, there has been insane turnover because the work environment is terrible. The average tenure of my group in the last 12-18 months has probably dropped from ~2 years to less than 6 months. Management acts like they care with their words but never follows through with their actions. * Work is repetitive and boring. Once you're through a couple quarters and know what's up, not much is going to change. * MIG is too stuck on following standards and guidelines to use common sense.

    Advice to Management

    Don't be afraid to fire people. There is a culture at Cambridge which is "retain talent", but that doesn't mean "let everyone who is terrible stay as long as they want."



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