Cambridge Associates, LLC

www.cambridgeassociates.com
Engaged Employer

Cambridge Associates, LLC Reviews

Updated August 17, 2015
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Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
11 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

22 Employee Reviews

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  1. Review

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Associates, LLC full-time

    Pros

    not competitive, group mentality

    Cons

    department can become a clique


  2. Helpful (3)

    Manager Information Group

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations - MIG in Singapore (Singapore)
    Former Employee - Investment Operations - MIG in Singapore (Singapore)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    As with other mid/back office roles, your job is to please everyone. The good thing in CA is that when you make a mistake, the management team tends to be very forgiving. The environment is encouraging and friendly (save for some competitive few who want to be part of the management team) - your strengths are appreciated and they will try to help you develop your weaknesses. Good for people who are interested to strive for designations such as CFA, CAIA, CIPM etc. as the company pays for those and you will have plenty of time to study. You will learn mainly soft skills (multi-tasking, communication etc.) and not technical skills - you do get some asset classes overview, strategies but they are extremely generic and nothing that you can ever apply in other firms. Hence, it is a good first step into the industry but my advise is to leave after a year or else you will get stuck.

    Cons

    There is really very limited things you can learn, and very minimal that is applicable out of the firm unless you are interested in investor relations. When you move on to taking on management positions, your task is more focused on people development i.e. have check ins with members of the team to ensure that everyone is doing fine, write extremely detailed reviews for your team, interviewing of candidates (you will spend hours a week doing so), develop excel trackers to ensure that everyone is doing their work etc. basically, you lose touch with learning any technical skills that will enable you to move on to other roles unless you are looking to go into HR. Culture is very sheltered, which is good for risk averse individuals who appreciate guidance, but is nothing like the "outside world". I felt like I was in school as we were highly encouraged to take part in auxiliary teams/ book clubs/ toast masters. The ability to talk will bring you far. People who are PC can survive well - if you don't believe it, fake it till you make it because that's the key to survival and doing well here.

    Advice to Management

    Hire externally so that there will be more creativity. Everyone thinks alike and are extremely risk averse. Be truly open to ideas - not just claim that you are. Management loves to say that all ideas are good ideas and claim that they will consider them but you will soon realise that they don't, they just give you the impression that they do (so do ask questions and raise points as it gives you brownie points but beware of asking questions that they struggle to answer). Stop being walking management books i.e. throwing management buzz words and quotes every now and then and then claiming that you and the firm embody such characteristics when after awhile you will realise that they don't- it will be good to have mentors/managers who speak from experience rather than those who just give us textbook answers to everything.


  3. Helpful (1)

    IT Contractor/Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend

    I worked at Cambridge Associates, LLC as a contractor

    Pros

    Nice staff, good company overall. Liked my co-workers the best. Customers were important to management.

    Cons

    Micro management is an understatement when it came to certain supervisors. Favortism runs rampant both in management as well as towards specific employees. Expectations are high but no clear path is outlined on how to meet them; they changed on a dime as well. Watched other people get reprimanded in public with the tone of voice of the manager being very aggressive. Would not accept a permanent position with this company.

    Advice to Management

    Stop treating people as if they are just resources to be disposed of after they are turned, burned and then hung out to dry. Go to bat for your employees - stand behind them, not look for opportunities to criticize. Listen to your consultants and get current in the IT industry.


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  5. Helpful (3)

    Performanec Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Analyst in Arlington, VA
    Former Employee - Investment Performance Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Business casual. Management doesn't really want to deal with you, so if you do you your job people will generally leave you alone.

    Cons

    Boring job. Micromanaged. You don't learn much. Promotions based on relationships rather than work achieved. Increasing workload on analysts. High turnover.

    Advice to Management

    Be honest to the people you are hiring in that this is a very repetitive and mind-numbing job.


  6. 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    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.


  7. review of CA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great 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.

    Cons

    Compensation 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.


  8. Helpful (7)

    Save Your Soul; Do NOT work in IT!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Arlington, VA
    Former Employee - Software Engineer in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Flexible hours, good work/life balance, very friendly people to work with.

    Cons

    Compensation 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.


  9. Helpful (1)

    Fraternity Like Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Menlo Park, CA
    Former Employee - Anonymous Employee in Menlo Park, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    It'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.

    Cons

    No 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 Management

    Get some new fresh blood from different backgrounds besides your typical fraternity/sorority brother or sister.


  10. Mixed feelings about PRG/MIG experiences thus far.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Arlington, VA
    Current Employee - Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    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 Management

    Advice 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.


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Performance Analyst in Washington, DC
    Current Employee - Investment Performance Analyst in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Smart, 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.

    Cons

    Only 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 Management

    Need 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.



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