Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated May 27, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

3.5 125 reviews

93% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(91 ratings)

71% 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)

17 Employee Reviews Back to all reviews
in

     

    review of CA

    Anonymous Employee (Former Employee)

    ProsGreat people and great learning experience. Strong culture and ability to learn a lot from very smart and accomplished people. Very collegial and great opportunities down the line for investment related jobs and business school.

    ConsCompensation is lower than average, however this is expected as work-life balance was stronger than many peers in similar roles at other investment related companies. Room for advancement is limited without an MBA or CFA.

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Save Your Soul; Do NOT work in IT!

    Software Engineer (Former Employee) Arlington, VA

    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

    • Culture & Values
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    • No Opinion of CEO

     

    Fraternity Like Culture

    Anonymous Employee (Former Employee) Menlo Park, CA

    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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    • Culture & Values
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    • Approves of CEO

     

    Mixed feelings about PRG/MIG experiences thus far.

    Analyst (Current Employee) Arlington, VA

    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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    • Approves of CEO

     

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

    Investment Performance Analyst (Current Employee) Washington, DC

    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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    • No Opinion of CEO

    1 person found this helpful  

    Decent but should be better

    Anonymous Employee (Former Employee) Arlington, VA

    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)

    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!

    • Culture & Values
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    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Cambridge Associates was a waste of time

    Investment Performance Analyst (Former Employee) Arlington, VA

    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

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Poor compensation and lack of career advancement makes it difficult after two years

    Senior Research Associate (Current Employee)

    Pros-High quality exposure to investment managers
    -Looks good on the resume
    -Initial good experience, but fades as time wears on
    -Good work/life balance
    -Management is open to hearing your issues, but it often does not go past this.

    Cons-Poor compensation and lack of ways to motivate employees.
    -Lack of cross collaboration among research departments makes employees incredibly siloed.
    -Any advancement (at least in manager research) is just a recognition of work performed with no additional responsibility being given.
    -One of C|A's "pillars" is to "Attract, leverage, and retain the best talent", but management focuses solely on attracting and especially leveraging talent doing little to nothing to try and retain any talent despite saying that you are a valued member and they want to retain you.
    -Advancement is limited at best. The highest level someone can achieve comes with an 18 month commitment which does not contain any real additional responsibility or explanation as to why a commitment must be made.

    Advice to Senior ManagementIf you really wish to retain the talent that you have leveraged take steps to address compensation and benefit issues. Management is too worried about the profit sharing plan while ignoring fairly compensating lower level employees that are not granted access to the profit sharing plan. Additionally, have a clear plan on how you want employees to develop over their career and have clear responsibilities as you "promote" employees.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

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

    Investment Performance Associate (Former Employee) Arlington, VA

    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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