Cambridge Associates, LLC

www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated May 1, 2015
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  1. Great work/life balance but boring day to day

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • 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

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Absolutely 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.

    Cons

    there 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 Management

    My 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.

  2. Helpful (4)

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

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • 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

    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.

  3. Helpful (2)

    Decent work experience, terrible pay.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

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

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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.

  6. Helpful (2)

    Administrative Assistant

    Current Employee - Administrative Assistant in Boston, MA
    Current Employee - Administrative Assistant in Boston, MA

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

    Approves of CEO
    Approves of CEO

    Pros

    Good vacation time, benefits and learning opportunities.

    Cons

    Currently in the midst of a reorganization,

  7. Helpful (2)

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

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

    I worked at Cambridge Associates, LLC

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    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

  8. okay 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

    Recommends
    Neutral Outlook
    No opinion of CEO
    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

  9. Helpful (3)

    Review of Associate Role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consulting Associate in Boston, MA
    Former Employee - Consulting Associate in Boston, MA

    I worked at Cambridge Associates, LLC full-time

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

    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.

  10. Great place to start a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consulting Associate in Boston, MA
    Current Employee - Consulting Associate in Boston, MA

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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

  11. Helpful (6)

    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 a year)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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.

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