Cambridge Associates, LLC

www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated July 4, 2015
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3.7
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Approve of CEO
Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
115 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

168 Employee Reviews

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  1. Helpful (1)

    Excellent first job that opens doors for a strong future in finance.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consulting Associate in Menlo Park, CA
    Current Employee - Consulting Associate in Menlo Park, CA

    I have been working at Cambridge Associates, LLC

    Recommends
    Recommends

    Pros

    Excellent exposure to multiple asset classes. You get to work with extremely intelligent and knowledgeable people. Reasonable hours and a good work/life balance. Good benefits and vacation, and management is very reasonable about letting people take vacation. They also try to make sure to stay informed about employee morale.

    Cons

    Lack of ability to be promoted beyond a certain level without a masters degree. Very low pay relative to the rest of the finance industry. The work can be very cyclical, so there are times when there is very little to do and other times when there is way too much to do.

    Advice to Management

    None


  2. Helpful (2)

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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Arlington, VA
    Former Employee - Administrative Assistant in Arlington, VA

    I worked at Cambridge Associates, LLC

    Disapproves of CEO
    Disapproves of CEO

    Pros

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

    Cons

    There 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 Management

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


  3. Helpful (2)

    Decent work experience, terrible pay.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Associate in Arlington, VA
    Former Employee - Investment Performance Associate in Arlington, VA

    I worked at Cambridge Associates, LLC

    No opinion of CEO
    No opinion of CEO

    Pros

    Investment 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.

    Cons

    Compensation 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 Management

    No advice for senior management.


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  5. Helpful (2)

    A good start in investment consulting.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Performance Associate
    Current Employee - Investment Performance Associate

    I have been working at Cambridge Associates, LLC

    Approves of CEO
    Approves of CEO

    Pros

    Room for advancement, increased responsibility if you can handle it. Your experience at Cambridge is directly related to what you put into it.

    Cons

    Long hours at times, low pay for the finance industry. There are many very bright people who work here that often leave within a few years because of various reasons, compensation usually being at the top of the list.

    Advice to Management

    Job turnover is directly related to compensation and quality of life at work. Things have been done recently to improve this, but there is always room for improvement.


  6. Helpful (1)

    Love my job-cannot complain

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

    I have been working at Cambridge Associates, LLC

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    It really all depends on your department. I enjoy the Large Company, flexibility of managers, great co-workers.

    Cons

    Knowing that some procedures that you see could be improved to be made more efficient, but theres nothing you can do but make the most of it.

    Advice to Management

    Who am I to give advice to Sandy. Shes obv. running a very successful and stable company


  7. Helpful (4)

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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Performance Associate in Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA

    I have been working at Cambridge Associates, LLC

    Approves of CEO
    Approves of CEO

    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 Management

    Keep 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.


  8. Helpful (1)

    Good Environment

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

    I have been working at Cambridge Associates, LLC

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Young, dynamic company. Social events try to promote networking. Company fills niche well. Ballston a location; many bars and restaurants around the area.

    Cons

    Compensation not very competitive with other places. Can feel partitioned from other departments. Office politics an issue. Work can feel monotonous.

    Advice to Management

    Spend less on needless expenses and more on compensation. Improve consultant relationships with staff. Reduce bureaucracy and promote more open communication.


  9. Helpful (1)

    Great Firm, Good Work, Poor Pay

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    - Opportunities for personal and professional growth
    - Brilliant Consultants/MD's always available to explain rationale or investment philosophy
    - Unrestricted access to clients, managers, etc...

    Cons

    - Base pay is very low
    - Bonus structure doesn't lend itself to inspiring above-and-beyond performance
    - Hours can be grueling at times

    Advice to Management

    Cambridge Associates is a well-managed firm. CA's work hard and put in the effort to differentiate Cambridge from its competitors. That hard work and aptitude should be rewarded with a pay structure more in line with the industry norms.


  10. Helpful (1)

    Compensation is horrible

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consulting Associate
    Current Employee - Senior Consulting Associate

    I have been working at Cambridge Associates, LLC

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Work with interesting clients and consulting teams that will push you to learn a lot over the first year. After 12 months you should be able to speak intelligently about most aspects of investing and will have several good stories to share in interviews.

    Cons

    The pay is embarrassing, especially considering how many 70-80 hour weeks you'll work. Another big problem is that most of the recruiting, training, and consulting associate management is run by your peers so it's more or less a joke. You'll be reviewed by someone who was doing the exact same thing you were 6 months ago, so the opportunity to really get feedback or move up/negotiate doesn't exist. It's also worth noting that CA doesn't believe in firing anyone, so there is a lot dead weight lurking around corner, so beware if you're intelligent and good at your job you'll be rewarded with high priority clients that take more of your time, but you won't be compensated.

    Advice to Management

    Fire all the secondaries, and hire bright hungry kids as CAs who after 2 years could take the decision to go to B-School or act as a secondary...also, trim the fat.


  11. Helpful (2)

    Fantastic First Job

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consulting Associate in Menlo Park, CA
    Former Employee - Senior Consulting Associate in Menlo Park, CA

    I worked at Cambridge Associates, LLC

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great people, collegiate work environment, very intellectually stimulating, great opportunities post Cambridge, opportunity to meet a lot of the best money managers in the world.

    Cons

    Lower than industry pay, top performers not rewarded, lots of dead weight, progress is slow, small bonuses, don't try hard enough to keep their top associates.

    Advice to Management

    Try harder to retain top talent in both the associate and consultant levels. I think a lot of talented people end up leaving because the pay and promotion schedule isn't catered to the top performers.



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