Cambridge Associates, LLC

www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated June 25, 2015
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3.2
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Recommend to a friend
Approve of CEO
Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
18 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

28 Employee Reviews

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  1. Helpful (2)

    If you didn't attend an Ivy League school, you won't fit in.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Human Resources Generalist in Boston, MA
    Former Contractor - Human Resources Generalist in Boston, MA

    I worked at Cambridge Associates, LLC as a contractor (More than a year)

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

    Pros

    The friendly administrative staff. The office was accessible by mass transportation.

    Cons

    Elitist attitude
    Top management gets rich while the bottom layer struggles to survive.

    Advice to Management

    Bring in new management. You've made enough to retire twice.


  2. Helpful (3)

    A Place for Average People to Have a Sedentary Career in Finance

    • 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 3 years)

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

    Pros

    Pro
    Exposure to over 30 years worth of private equity, venture capital, hedge fund, and public market data that cannot be rivaled.

    Caveat-
    You will have to hunt for this information, though, as is the IT and internal software does not make it easy to find or couple relevant data streams to eachother.

    Pro
    The people of Cambridge are generally good, nice, amicable people

    Con
    It's all an act. The illusion of professionalism masquerading as professionalism itself

    Cons

    Everything ties back to the salaries that Cambridge pays, which discourage talent from staying and doesn't attract new talent from joining....

    Cambridge's organizational infrastructure was designed by Rube Goldberg; a company full of middlemen that shuttle hot potatoes.

    Client's are dropping Cambridge on a nearly weekly basis.

    Management is filled with people who's primary skill is loyalty to Cambridge, not true business line acumen.

    Knowledge is so compartmentalized that no one - even at the board level - knows what's going on.

    Consultants are more like waiters than subject matter experts. They sell the same products and managers to all of the clients, negating the tales of personalized portfolio tailoring that they advertise.

    Cambridge is a chronic overpromiser and underdeliverer to clients, employees and itself.

    Advice to Management

    Take people's advice and do the opposite of what you're currently doing.


  3. Helpful (2)

    Review of C|A- IT employee

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

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

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

    Pros

    -Very collegial atmosphere
    -Bonus offered on a yearly basis

    Cons

    -IT department has no leadership
    -Very high turnover rate
    -Compensation is below average
    -Be prepared to wear 'many hats'. Too much needs to be done with very little
    -HR department just passes on information, they are not very helpful

    Advice to Management

    More emphasis needs to be placed on rewarding employees who are consistent in providing positive results and consistently gets positive feedback. Maybe this will help lower the turnover rate as well.


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  5. 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,


  6. 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.


  7. 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


  8. Helpful (1)

    Slow, clunky, lots of overhead

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

    Well recognized name in the industry, very intelligent people.

    Cons

    Really slow to change, lack of investment in technology makes everything 10 times harder to complete

    Advice to Management

    Don't wait until it's too late to make investments in technology. The firm is paying for the lack of investment from the last 5-10 years.


  9. Great clients and people

    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

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

    Pros

    Very stimulating from intellectual standpoint and review of all asset classes

    Cons

    Some difficult personalities but for the most part great people


  10. Helpful (1)

    Great experience overall

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Junior Analyst in Boston, MA
    Former Employee - Investment Performance Junior Analyst in Boston, MA

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

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

    Pros

    Great company for a first job out of college. Started in a class (of which I made great personal/professional friends), great training program, great reputation in the institutional investing world, great published resources for continued personal/professional development, paid for CFA (assuming you passed ;). I was recruited to my next job specifically because of my experience at CA.

    Cons

    Fair amount of turnover at the junior level, people generally stay for 1-3 years then leave, not great opportunities to move to higher up positions (ie consultants) unless you have your MBA/CFA

    Advice to Management

    Find ways to make the work more interesting so young people dont get bored, find ways to educate and promote from within


  11. Great people, above-average work environment

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Generally a very can-do culture and most everyone was motivated and willing to share time and knowledge.

    Cons

    Compensation was not terrific although benefits were above average. Low degree of internal mobility especially for those in operations oriented positions. Not a realistic possibility to jump over to consulting roles without MBA or CFA.



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