Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated Jul 21, 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)

125 Employee Reviews
in
    • Culture & Values
    • Work/Life Balance
    • 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

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

    2 people found this helpful  

    Good first job, but that's about it - not a learning environment and not much room for professional development.

    Investment Performance Associate (Former Employee) Arlington, VA

    ProsIt pays well, it's a decent introduction to the world of finance, lots of young people, and the benefits are nice.

    ConsThe work lacks substance. As an associate, I would spend all my time hunting down performance numbers and checking work to make sure there were no obvious errors. If you had asked me on any day how the market was doing or what investment strategy seemed to be working, I would have had no clue.

    Advice to Senior ManagementI didn't find much wrong with the leadership. The truth is that it is a job that needs to be done and the nature of that work did not suit me very well as an aspiring college grad looking to utilize my critical thinking/analytical abilities.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Cambridge Associates Manager

    Manager (Current Employee) Arlington, VA

    ProsGood intiaial experience for young college graduates. Looks good on resume. Ability to work on multiple projects / asset classes. Most employee leave for business school after three to five years.

    ConsPay is sub standard for finance industry. Limited upward mobitlity. Corporate philosophy is very backwards looking, and firm management is afraid to be bold in taking new direction.

    Advice to Senior ManagementThe future is not going to look like the past so stop looking in the rear view mirror. Founders' philosophy worked 20 years ago; time to re-assess.

    No, I would not recommend this company to a friend

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

     

    IPA

    Investment Performance Associate (Current Employee) Arlington, VA

    ProsRelatively 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).

    ConsBoring 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 Senior ManagementNo advice.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great work/life balance but boring day to day

    Investment Performance Associate (Current Employee) Arlington, VA

    ProsAbsolutely 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.

    Consthere 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 Senior ManagementMy 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.

    No, I would not recommend this company to a friend

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

    4 people found this helpful  

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

    Investment Performance Associate (Current Employee) Arlington, VA

    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 Senior ManagementKeep 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.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Decent work experience, terrible pay.

    Investment Performance Associate (Former Employee) Arlington, VA

    ProsInvestment consulting experience. Lots of exposure to largest institutional investors. Cambridge offers a good entry level job for young professionals interested in the investment business. Cambridge experience also looks good on the resume if applying to graduate school. Promotions come easily and are based more on time at the firm and less on performance.

    ConsCompensation is very low. Benefits are OK. Most employees could probably find jobs paying 50-100% more than Cambridge pays with investment managers or in other financial services fields

    Advice to Senior ManagementNo advice for senior management.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    This is no place for advancement, unless you have an MBS

    Administrative Assistant (Former Employee) Arlington, VA

    ProsThe people. The comradry between the workers is amazing. Management (Consultants and above) do not support their people, so the staff gives the support.

    ConsThere is no communication in the company. I know of many people who left the company, and their emails are still active, and an announcement was not sent. There is little recognition at Cambridge. Those who pass the CPA are not acknowledged, nor are daily achievements. Money is the bottomline- and that is all that matters. This past Administrative Professionals Day, the staff was given a Chipotle lunch- management did not acknowledge their contributions.

    Advice to Senior ManagementI would suggest that communication be better. Both negative and positive feedback, when needed, should be given when events occur, not on a yearly basis.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Bloated company

    Anonymous Employee (Current Employee)

    Proscompany values, available opportunities, type of work, clients, smart people

    ConsManagement doesn't know how to make crisp decisions so they end up investing money in projects and then stopping those projects when they are about to be implemented.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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