Cambridge Associates, LLC

  www.cambridgeassociates.com
  www.cambridgeassociates.com

Cambridge Associates, LLC Reviews

Updated December 19, 2014
Updated December 19, 2014
147 Reviews
3.7
147 Reviews
Rating Trends

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

Review Highlights

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 Highlights

Employee Reviews

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  1. 4 people found this helpful  

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

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

    I have been working at Cambridge Associates, LLC

    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 ManagementAdvice

    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.

    Approves of CEO
  2. 2 people found this helpful  

    Decent work experience, terrible pay.

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

    I worked at Cambridge Associates, LLC

    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 ManagementAdvice

    No advice for senior management.

    No opinion of CEO
  3. 2 people found this helpful  

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

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

    I worked at Cambridge Associates, LLC

    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 ManagementAdvice

    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.

    Disapproves of CEO
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  5. 2 people found this helpful  

    Decent Enough First Job

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

    I worked at Cambridge Associates, LLC full-time (more than an 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 ManagementAdvice

    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.

    Recommends
    Approves of CEO
  6. 3 people found this helpful  

    Avoid the Manager Information Group (MIG)

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good llace to get a start

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

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

    Pros

    Lots of young people in the support roles, really they are the lifeblood of the company.

    Cons

    Low pay for industry, work life can be difficult depending on clients that you are staffed on.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 4 people found this helpful  

    Don't join MIG yet

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

    I have been working at Cambridge Associates, LLC (more than an year)

    Pros

    -great industry research at your fingertips
    -firm is filled with smart, driven people
    -department has potential to become more valuable to the firm
    -firm-wide culture
    -flex-time benefits
    -decent amount of time off for a first time job

    Cons

    -some directors and assistant managers have no dedication to the team and it shows. this type of leadership breeds poor attitude within the department.
    -poor workload balance. some are bored, some are over-worked
    -department is underutilized and not respected by the rest of the firm
    -tuition benefits are a joke

    Advice to ManagementAdvice

    -middle managers: put some action behind your words or at least show you're trying to improve as a leader
    -senior managers: hire more directors and assistant managers that are motivating leaders and strategic thinkers

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 5 people found this helpful  

    Save yourself and don't work in MIG.

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

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

    Pros

    * Benefits are great - 3 weeks ETO for your first year, 4 weeks after, which is WAY above standard. All benefits are top notch.
    * Colleagues are great. Young, fun atmosphere in that sense. We liked to do happy hours, go out to lunch, etc.
    * Easy work. You do NOT need a college degree to do any job in MIG, though of course it's required. You can learn as much as you want to, but it's not necessary to do the work.
    * C|A as a whole is wonderful. Great CEO/COO, firm has a terrific reputation, clients love us, etc. We also just hired a CTO so hopefully IT stuff will improve. I recommend the company to a friend, NOT the department.
    * Pay, relative to what you do, really isn't that bad. Also, you get OT which can significantly increase your salary.
    * Flextime/flexplace. It's more structured than other places, but it still exists.

    Cons

    * MANAGEMENT. Micro-managers, micro-assistant managers. AMs think they rule the world, and some of them are truly truly awful. Bossy, rude, take all the credit for your work, and the managers aren't around enough to notice. Since a management team shift in September 2012 and the addition of assistant managers in September 2013, there has been insane turnover because the work environment is terrible. The average tenure of my group in the last 12-18 months has probably dropped from ~2 years to less than 6 months. Management acts like they care with their words but never follows through with their actions.
    * Work is repetitive and boring. Once you're through a couple quarters and know what's up, not much is going to change.
    * MIG is too stuck on following standards and guidelines to use common sense.

    Advice to ManagementAdvice

    Don't be afraid to fire people. There is a culture at Cambridge which is "retain talent", but that doesn't mean "let everyone who is terrible stay as long as they want."

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    work life balance is great but not a ton of responsiblity

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

    I worked at Cambridge Associates, LLC full-time (more than an year)

    Pros

    department was young and work life balance

    Cons

    level of responsibility and opportunities for growth

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Bloated company

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

    I have been working at Cambridge Associates, LLC full-time (more than 3 years)

    Pros

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

    Cons

    Management 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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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