Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated August 4, 2014
Updated August 4, 2014
130 Reviews

3.6
130 Reviews
Rating Trends

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

Review Highlights

Pros
  • For the industry, there is good work/life balance at Cambridge Associates (in 22 reviews)

  • Opportunity to learn about all asset classes through due diligence on top investment managers, research, etc (in 14 reviews)


Cons
  • Long hours during peak periods, work can sometimes be repetitive (in 12 reviews)

  • status reporting, and (3) data entry (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great entry level job with good benefits

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

    Pros

    Very casual atmosphere, a lot of really nice people to work with.

    Cons

    The pay is slightly below competitors and there is fairly high turnover among junior employees

    Advice to ManagementAdvice

    Pay more to facilitate better retention

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great culture and people

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

    Pros

    Smart, caring coworkers and supervisors. Some very smart consultants. Interesting work with high profile clients. Opportunity to learn about all asset classes through due diligence on top investment managers, research, etc. Great brand recognition. As an associate you can get involved in a variety of auxiliary functions such as marketing, recruiting, etc.

    Cons

    Some groups can be difficult to work with. Large company where change is slow to implement. Average starting salaries, but lower than industry raises and bonus.

    Advice to ManagementAdvice

    Don't be afraid to change the status quo. Update technology resources. Start planning for the future and passing more shares of ownership to the MDs.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    A challenging and enriching career starter with a focus on people development and quality output.

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

    Pros

    Collegial environment, cross-collaboration with groups/departments, human capital and people focused, open-door policy management style, pairing interests and talents with projects, feedback focused and driven by constructive criticism

    Cons

    Conservative compensation, strict recruiting specifications

    Advice to ManagementAdvice

    Do not give up on the model of tapping talent for projects for the right employee it can be very empowering. Do continue to gather feedback on interests and have employees drive career path, but acknowledge when some individuals need the request or extra push.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great place to start out with good benefits

    • 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

    Pros

    Collegial and casual atmosphere with great benefits (medical, dental, etc.) as well as a good work/life balance in most departments.

    Cons

    Career progression is unclear or non-existent.

    Advice to ManagementAdvice

    Take more time to invest in all employees exhibiting potential, not just a few. Management should find a way to create growth and advancement opportunities for entry level employees so that they can cultivate talent and retain institutional knowledge. At the very least they could offer useful and directional advice based on the employees skills and interests.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Cambridge Associates is a great place to start a career in finance

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

    Pros

    Focus on learning, team oriented, good benefits

    Cons

    The career progression is considered unclear by some

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good company to start work at

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    professional culture that is good for a fresh grad

    Cons

    repetitive work at the associate level. need an mba to progress

    Advice to ManagementAdvice

    make work more interesting

  8.  

    Satisfied

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

    Pros

    Working culture is perfectly acceptable.

    Cons

    Working hours can be a stretch.

  9.  

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

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

    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 ManagementAdvice

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 4 people found this helpful  

    Waste of Time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Associate  in  Washington, DC
    Former Employee - Research Associate in Washington, DC

    Pros

    Benefits. Excellent benefits including health, transportation, etc.

    Cons

    - Degradingly low pay. Even at the manager-level of the data department it is a wonder how they can support their families on their level of pay.
    - No exit opportunities. While you do learn many "soft skills" that's all you'll learn. Any other skills are Cambridge-specific according to their proprietary databases and utilities. Whatever transferable skills you do learn are very hard to show on your resume.
    - Micro-managing managers. In the Manager Information Group much of your time is spent on status reports for the next person up...who is spending much of their time on status reports for next person up...etc. etc. etc. At the end of the day you have managers who think they know about each employee but are actually naive. A non-hierarchical structure would serve the organization better. Finally, all reports go to the department head who is never around anyway. Once every six months you'll see him getting coffee before he ducks away into his office. Its basically like the department head doesn't exist--though he is worshiped throughout the department.
    - Awful performance reviews. To their credit, management is truly trying to improve performance reviews....but I've been told that it's been four years and they don't have much to show for it. Managers are not specific enough when it comes to what is needed for a promotion or how you can improve. They'll use some general language related to MIG's "values" and say how you lack a value. When asked for specific examples, they ramble off in unrelated general thoughts.
    - Misleading job descriptions. The word "research" is flexible but has a generally definable semantic scope. This position includes nothing remotely close to "research". Don't be mislead from the title--you will not provide unique insights into relevant matters. Process improvement and "self-audits" are NOT research!
    - Mind-numbing work. The good thing is that the Manager Information Group is gaining respect within the firm. The bad part is that this does not change the content of your work. Its true that the department gains more "business" from internal stakeholders...but it just leads to more abuse by the consulting and research departments who actually do work that is somewhat meaningful. Your work will be divided into three categories: (1) process improvement--related to the department's operations, tracking utilities, etc. (2) status reporting, and (3) data entry. The latter two take up way too much time for a department that prides itself for being efficient. The first, process improvement, is not nearly as exciting as it might sound. Basically, you need to constantly reinvent utilities and processes because management/the firm is too cheap to invest in long-term solutions (which would cannibalize our department).

    Advice to ManagementAdvice

    Re-think incentive structures. You'll need to pay up to have a decent back-office operation. 5% bonus cap? Really?

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Good place to start out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consulting Associate  in  Singapore (Singapore)
    Current Employee - Consulting Associate in Singapore (Singapore)

    Pros

    -Broad exposure to asset classes, especially in Alternatives
    -Teamwork-orientated culture
    -Flat hierarchy

    Cons

    -Culture that does not incentivize individual outperformance
    -lack of exit options vis-a-vis other roles
    -lack of a progression plan

    Advice to ManagementAdvice

    -reorganize incentive scheme to retain top talent and cut 'deadweight' laggards
    -put together a clear and definable progression plan

    Recommends
    Neutral Outlook
    Approves of CEO

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