Cambridge Associates, LLC

  www.cambridgeassociates.com
  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated September 29, 2014
Updated September 29, 2014
133 Reviews
3.6
133 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
95 Ratings

Review Highlights

Pros
  • Good work / life balance with opportunities to learn a lot about portfolio management quickly (in 23 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)

More Highlights

73 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good first job, very friendly and collaborative atmosphere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Performance Associate  in  Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Pros

    Everyone is always very willing to help out. Very collegial atmosphere. Young employees. Great area.

    Cons

    Compensation is fairly limited. Benefits package seems great at first but there are lots of hidden little clauses (especially with tuition assistance).

    Advice to ManagementAdvice

    Compensate a little bit better.

    Approves of CEO
  2.  

    Good Intro

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Consulting Associate  in  Washington, DC
    Current Employee - Senior Consulting Associate in Washington, DC

    I have been working at Cambridge Associates, LLC

    Pros

    Good Intro to Industry. Ability to work on a variety of asset classes and clients. Sophisticated clientele. Goof work life balance/benefits.

    Cons

    Pay is mediocre and no clear promotion metrics. Flat structure - need MBA to advance. Some consultants younger with less experience.

    Advice to ManagementAdvice

    Make team/promotionstructures clearer. Increase communication. Look to develop program to move employees to other roles after a few yrs. Offer more perks to add color to the Cambridge experience.

    Recommends
    No opinion of CEO
  3.  

    IPA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Performance Associate  in  Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Pros

    Relatively good pay for an entry level job. Good benefits. Cambridge is well known and respected by many in the investment community. Young coworkers. Ability to advance within department. Will pay up to $2500 in tuition assistance and encourages employees to take CFA exams by paying for them (if you fail, you have to pay back).

    Cons

    Boring job. Rote data entry and publishing are better descriptors of the job than anything financial related. Even so, requires long hours and sometimes an overload of work. Sometimes you work 60+ hrs and are extremely stressed, while other times you have literally no work to do all week but are still required to be in office for 40 hrs.

    Advice to ManagementAdvice

    No advice.

    Doesn't Recommend
    Approves of CEO
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  5.  

    Thumbs Up

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

    I have been working at Cambridge Associates, LLC

    Pros

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

    Cons

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

    Advice to ManagementAdvice

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

    Recommends
    Approves of CEO
  6.  

    Great work/life balance but boring day to day

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Performance Associate  in  Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Pros

    Absolutely the work life balance is the best part. Coming right out of college you make pretty good money (50K) for the number of hrs worked (45 hrs per wk). Great if you only have to support yourself, particularly because of benefits.

    Cons

    there isn't enough responsibility given in order to think analytically. It's almost all data entry despite what they say on interview day. It is difficult to take what you do here and apply it to a next job. You would almost assuredly have to go to business school.

    Advice to ManagementAdvice

    My advice would be to be more honest during the interview process. A lot of people leave because they don't know what they are getting themselves into. Almost everyone from the 2008 class has already left.

    Doesn't Recommend
    No opinion of CEO
  7. 8 people found this helpful  

    This is a true in-depth review of the associate job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Performance Associate  in  Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Pros

    - Cambridge offers those with no finance background the opportunity to say they work in "finance."
    - We literally have all types of majors in our Performance Reporting department and you need absolutely no experience or knowledge to excel at the job.
    - It is a great opportunity for those with low expectations, who are waiting to go back to school. or who wish to take the CFA for free. The firm pays for all three levels of CFA testing along with reimbursement for tutorials and such.
    - The work is also very easy and you often work 9 to 5. The culture of the reporting department is also fun because everyone is under 28 years old and it is very collegial ie happy hours and lots of joking around.
    - You also get 3 weeks of paid vacation along with many holidays to start (please see cons section also!)

    Cons

    - Absolutely no incentive to go above and beyond ie no bonuses.
    - You basically work for people who are about a year or two older than you which can create an odd hierarchy.

    - Here is what you will actually be doing:
    you will have 10-15 clients
    you will collect all 10-50 statements from each client's hedge fund/mutual fund/etf investments
    you will enter the market value, transaction, and return data into their proprietary software system
    once your "analyst" (the 2 year older guy) checks your homework, he will say "run the report"
    you will press a button and churn out the report
    you will check the report, your team leader will check it, the analyst will check it, then the consulting associate will check it.
    you will get edits and be asked to change certain things or rerun the whole thing
    you will send it back up the lines
    it will be sent to the client
    you will do this every month for almost every client or every 3 months for ones that get only quarter reports

    - How do you get promoted? Every "analyst" you gave a report to has to say "I think he's ready for the promotion." Then, if there is a spot open, you will move up.
    - And what does moving up mean? A couple thousand dollars more and you get to ask associates to do all the minutia grunt work on you reports. But, you still answer to the consulting associate and largely do the same thing ie checking reports.

    - Recruited for the job as if associates would be active in the consulting process which turned out to be misleading.

    Advice to ManagementAdvice

    - Give bonuses to drive hard work. Gift cards don't work that well for young professionals.
    - Stop recruiting from top undergrad b-schools! These kids are often overqualified and this work turns their brains to mush.
    - Hire kids out of smaller schools and community college, pay them less, and save the firm a ton.
    - Organize some interaction with the consultants to let people with real industry experience mentor these young folks (that's most likely the reason they came to Cambridge in the first place).
    - Make consultants, local professors, or somebody lead continuing ed sessions.

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

    Great Firm, Good Work, Poor Pay

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

    I have been working at Cambridge Associates, LLC

    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 ManagementAdvice

    Cambridge 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.

    Recommends
    Approves of CEO
  9. 4 people found this helpful  

    Pick this job if your idea of finance is data entry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Performance Associate  in  Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Pros

    -Great company.
    -Excellent name, especially with Grad schools.
    -You can make the job sound better than it is.
    -The knowledge that other departments do really cool work.
    -Department is great if you love data entry.
    -Company pays for CFA exam and most of the cost for materials (if you pass)

    Cons

    -Extraordinarily boring work, and it never really gets a lot more interesting: As an associate you enter data. As a senior associate you oversee four people entering data and perform lots of admin tasks. As an analyst you proof associates' data entry.
    -Investment Performance reporting group is a pariah department in the company.
    -Internal transfers technically require 13 months, but in reality you'll need 24-30 months to be -looked at.
    -Poor department management.
    -Excessive busywork, lots of admin.
    -Young, inexperienced managers.

    Advice to ManagementAdvice

    Keep up the good work with the company as a whole. Give the Investment Performance Reporting department some more love, even if it isn't a profit center.

    Approves of CEO
  10. 1 person found this helpful  

    Love my job-cannot complain

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous, Boston Office  in  Boston, MA
    Current Employee - Anonymous, Boston Office in Boston, MA

    I have been working at Cambridge Associates, LLC

    Pros

    It really all depends on your department. I enjoy the Large Company, flexibility of managers, great co-workers.

    Cons

    Knowing that some procedures that you see could be improved to be made more efficient, but theres nothing you can do but make the most of it.

    Advice to ManagementAdvice

    Who am I to give advice to Sandy. Shes obv. running a very successful and stable company

    Recommends
    Approves of CEO
  11. 1 person found this helpful  

    Excellent first job that opens doors for a strong future in finance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consulting Associate  in  Menlo Park, CA
    Current Employee - Consulting Associate in Menlo Park, CA

    I have been working at Cambridge Associates, LLC

    Pros

    Excellent exposure to multiple asset classes. You get to work with extremely intelligent and knowledgeable people. Reasonable hours and a good work/life balance. Good benefits and vacation, and management is very reasonable about letting people take vacation. They also try to make sure to stay informed about employee morale.

    Cons

    Lack of ability to be promoted beyond a certain level without a masters degree. Very low pay relative to the rest of the finance industry. The work can be very cyclical, so there are times when there is very little to do and other times when there is way too much to do.

    Advice to ManagementAdvice

    None

    Recommends

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