Cambridge Associates, LLC

www.cambridgeassociates.com
Engaged Employer

Cambridge Associates, LLC Reviews

Updated August 10, 2015
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Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
21 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

35 Employee Reviews

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  1. Good place to start your career but lacking...

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

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

    Pros

    Intelligent people, friendly culture in the smaller offices, interesting clients, good medical benefits. It is a good place to start your career and individuals are generally supportive of your career path.

    Cons

    Salary is not competitive, especially in California. IT systems are outdated and not centralized. Lots of recent upper management changes. Little room for growth on most teams.


  2. Helpful (2)

    like any job, right for some not for others

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Associate in Boston, MA
    Former Employee - Investment Associate in Boston, MA
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great first job out of college from a knowledge, experience, and people perspective. Knowledge: if you're interested in investing or finance, there is so much data and information at your fingertips. You have to put in the effort to analyze it yourself or find some of the few directors with the time and interest to mentor you through the hard analysis aspect because that won't just be offered to you if you just follow the standard track. Experience: just learning how to operate in a corporate culture vs school is very important and Cambridge is very flexible and forgiving here. People: a lot of recent college grads. Majority are great people that are supportive. Not the competitive atmosphere of typical finance jobs (pros and cons to this)

    Cons

    so many details we can talk about but comes down to an ownership problem across all levels. From senior management to directors to associates, general attitude is checking off boxes and not thinking through whether that's enough to accomplish the final goal effectively. Management more concerned about appearance than being open and honest to really get feedback and fix problems. Directors more concerned about appearance in relationships than absolute best return profile. Associates more concerned with finishing tasks than learning or improving processes so tasks are easier.

    Advice to Management

    Stop being so concerned about appearances and focus on the goal of fixing problems


  3. Helpful (2)

    Managing Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Boston, MA
    Former Employee - Managing Director in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Over the long term this was a great place to work and learn about the investment industry. Very intelligent environment in which to work.

    Cons

    Over the last 5 years, the company has tried to rebrand itself through reorganization. Each time they claim to be including a variety of opinions across the firm but it seems like it is the same 8-10 people on every committee. Last few years everyone has felt uneasy about their role at the firm.

    Advice to Management

    Management should be open and honest with the employees to rebuild their trust in management. A firm will not succeed with everyone constantly looking over their shoulder.


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  5. Helpful (2)

    Administrative Assistant

    Current Employee - Administrative Assistant in Boston, MA
    Current Employee - Administrative Assistant in Boston, MA
    Approves of CEO

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

    Pros

    Good vacation time, benefits and learning opportunities.

    Cons

    Currently in the midst of a reorganization,


  6. Helpful (3)

    Good company, leadership could be better. i am just writing the rest of this to fill the minimum number of words requird

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    surrounded by smart and helpful people. i am just writing the rest of this to fill the minimum number of words requird

    Cons

    leadership fuzzy about company goals. i am just writing the rest of this to fill the minimum number of words requird

    Advice to Management

    be more open to suggestions and be more clear about what the goals and expectations of employees are


  7. okay company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    good work/ life balance, overtime pay is also a plus, flexible hours and work is super easy. you can enter the firm with very little knowledge

    Cons

    very low pay for industry standards, micro management is at it's worst, office culture rewards those who manage up information rather than higher performance


  8. Helpful (4)

    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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time

    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.


  9. 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
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    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


  10. Helpful (6)

    Decent Enough First Job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Analyst in Arlington, VA
    Former Employee - Investment Operations Analyst in Arlington, VA
    Recommends
    Approves of CEO

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

    Pros

    -The benefits are great. The healthcare packages are fantastic, three weeks paid time off the first year and 4 weeks the second, 401(k) matching half of contributions (up to some small percent of pay though). -Colleagues are generally great. Lots of young professionals who are easy going and fun to be around. Also up for creating Cambridge sports teams for local leagues (bonus: C|A pays all the fees for the leagues!) -Good work life balance. -Opportunity to work overtime, increasing pay. -Well known and respected company -Other departments seem to treat employees better than PRG and MIG, would recommend entry level job as CA, particularly in the Boston office.

    Cons

    Management. Most of the managers in the MIG only got the position because they are too boring and unintelligent to figure out how horrible the MIG has become. They act like the head of the department is god and do whatever he says, even present data entry as FUN. The worst part is, I think some of them think it is fun. Employees are micro managed. The department talks about increasing productivity, but so much time is spent on stats reports, updating statuses, and even RECORDING WHAT THE EMPLOYEE DOES DURING THE DAY OVER 15 MINUTE INCREMENTS, that it's nearly impossible to do any real work. They still present the job as if employees receive projects like they did when the group first started, but now it's mind-numbing work all day, every day no matter the tenure. The micro-management in combination with the repetitive, boring nature of the work has caused more turnover than the department can handle. They are constantly understaffed, pushing more of the mind numbing work to tenured employees who have chosen not to take a micro management position as a team lead, and removing the opportunity to do any type of interesting work.

    Advice to Management

    To MIG management: Treat your employees like adults. Instead of micro managing to the point where they feel like they are a small child who cannot be trusted, let them do the work and prove they can handle it. They'll be happier in the workplace and be more willing to do the work if someone isn't looking over shoulders every minute of the day. Also, be honest about the work. Everyone knows it's not interesting, so don't sugar coat it. Improve the reviews and make them more about the employee and less about highlighting MIG values. Present more opportunities for career advancement, even if it isn't in the department.


  11. Helpful (3)

    Avoid the Manager Information Group (MIG)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cambridge Associates, LLC full-time

    Pros

    Generous professional designation (CFA, CAIA, CIPM) and tuition reimbursement policies. Firm has a great reputation in the industry, as evidenced by its long-standing relationships with many leading institutional investors. If interested in a career at CA, I would suggest looking into the firm's consulting/research roles. Good experience/knowledge to be gained in these areas. Not so much in MIG.

    Cons

    BE AWARE...MIG = rote data entry. As a member of MIG, you will sit in front of a computer screen for 8 hours a day mindlessly entering data into a proprietary tracking tool. You will meet with both team leads and assistant managers (on separate occasions) weekly to be told how to enter said data more efficiently. Turnover is extremely high and skills are non-transferable. Don't be fooled. Low-pay for industry/geographic area.



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