Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews in Boston, MA

Updated August 20, 2014
Updated August 20, 2014
132 Reviews

3.6
132 Reviews
Rating Trends

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

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)

More Highlights

23 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 3 people found this helpful  

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

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Review of C|A- IT employee

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Slow, clunky, lots of overhead

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

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Great experience overall

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

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great people, above-average work environment

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

    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.

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Great culture/learning opportunities, but non-competitive salary for hours demanded

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

    Pros

    -Culture is great--firm-wide outing, good benefits (vacation time is generous), friendly team-centric atmosphere
    -Lots of young people in associate/analyst roles makes for a social firm
    -PD is highly encouraged--opportunity to attend and present at client meetings early on, business schools present at the office, attending manager meetings is encouraged and open to all
    -Opportunity to learn about all asset classes and work on many different client types
    -Associates who want to go onto business school get into top ten schools regularly and the CA name is well known and respected, at least in Boston

    Cons

    -The salary is not competitive in the finance or consulting industries, and while the entry level salary is okay, the promotion increases and bonuses are basically non-existent which can be demoralizing
    -While the Associate group is very social and bonds quickly over the long hours, at times morale can be low among the group because the pay is really not commensurate with the hours expected and frustration breeds
    -Promotions are decided by "peer" leaders, who read the feedback from the consultants you work with and then summarize it and present it to you. This quickly becomes a popularity contest and puts an unnecessary "middle man" in the feedback loop.

    Advice to ManagementAdvice

    -Increase the pay jump for the promotion between Consulting Associate and Senior Consulting Associate
    -Recognize that burnout is a real threat to providing high quality service to our clients, and don't trim the number of Associates when you think about tightening the budgets--a small trim makes a real negative impact on the group and on our work/life balance
    -Don't cut the auxiliary team opportunities as Associates are more in demand on client work--this is a major recruiting draw for undergraduates coming out of college and is valuable to both their PD and the firm, as they provide marketing, Excel, Recruiting, etc. support

    Recommends
    Negative Outlook
    Approves of CEO
  8.  

    Cambridge provides great opportunities for personal and professional growth.

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

    Pros

    There are lots of very nice, intelligent, hard working, motivated people.

    Cons

    There is a lack of vision and leadership by senior management. It is a very insular team with too much group think.

  9.  

    Great learning experience for somebody fresh out of college.

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

    Pros

    Broad exposure to various asset classes, get to work with many smart and talented peers and senior team members, generous benefits including paid time off

    Cons

    Compensation is on the lower end of the spectrum, work can become repetitive after a few cycles

    Advice to ManagementAdvice

    Monitor and manage staffing situation better so that associates are not prematurely assigned to new clients before having a chance to fully evaluate capacity.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Interesting, Broadening, but can be limited career progression

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

    Pros

    Nice people, senior management makes the effort to get know you, Interesting topics and great depth in knowledge within the firm, good work life balance if you are in the right team

    Cons

    takes a long time to be promoted, not a lot of certainty about career path, as with many junior positions the work can get repetitive after a while

    Recommends
    Approves of CEO
  11.  

    Good first job in finance

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

    Pros

    This was a great opportunity out of college. Room to learn about alternative investments (private equity). Gain exposure to many different portfolios and private equity funds

    Cons

    There is not much room for advancement if you are there for more than 3 years and haven't been significantly promoted. High turnover at times

    Recommends
    Approves of CEO

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