Cambridge Associates, LLC

www.cambridgeassociates.com
Engaged Employer

Cambridge Associates, LLC Reviews

Updated September 1, 2015
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180 Employee Reviews

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  1. Helpful (2)

    Bloated company

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

    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.


  2. Great Place..esp for the young and restless

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

    I worked at Cambridge Associates, LLC full-time (More than 5 years)

    Pros

    Great place to start a career in investment management.

    Cons

    If you are not coming from a handful of colleges where the company actively recruits, you may find yourself left out of the party.


  3. Helpful (1)

    Great Company to start career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consulting Associate in Arlington, VA
    Former Employee - Senior Consulting Associate in Arlington, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time (More than 5 years)

    Pros

    Great Benefit Package, Depending on position, you have great exposure to investment management from some highly skilled consultants. Wide array of tools to develop skills and career. Subsidized CFA exam fees, if pass Great atmosphere. Steady Work/Life balance.

    Cons

    Low Salary compared to profession. Associates do most of work, little to no recognition Different personalities, some consultants are better to work with than others Company is way behind when it comes to systems and technology. Feels as if the firm is very reactionary at time

    Advice to Management

    Employees love the promote with-in structure, but there needs to be a system in place to allow investment professionals to stay with CA and be promoted to next tier.


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  5. review of CA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great people and great learning experience. Strong culture and ability to learn a lot from very smart and accomplished people. Very collegial and great opportunities down the line for investment related jobs and business school.

    Cons

    Compensation is lower than average, however this is expected as work-life balance was stronger than many peers in similar roles at other investment related companies. Room for advancement is limited without an MBA or CFA.


  6. Associate Position - Menlo Park, CA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    For a recent college grad the associate position will give you a nice set of professional skills (client management, teamwork, and learning how to prioritize and meet deadlines ). If you work hard and gain the respect of managers, you will have more freedom to spend time doing research & advisory in asset classes that interest you the most.

    Cons

    The training program in satellite offices should be strengthened. Cambridge needs to provide better training on the nuances of the asset classes, more advanced modeling skills and all in all empower them to be more active contributors to client advisory. Especially if CA is going to continue to recruit students with non-finance backgrounds.

    Advice to Management

    While the starting salary for an associate is fine, year one and two raises need to bring salary to levels commensurate with other top tier consulting firms. This would meaningfully improve associate satisfaction and retention.


  7. Helpful (4)

    Great culture/learning opportunities, but non-competitive salary for hours demanded

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consulting Associate in Boston, MA
    Former Employee - Senior Consulting Associate in Boston, MA
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    -Culture is great--firm-wide outing, good benefits (vacation time is generous), friendly team-centric atmosphere -Lots of young people in associate/analyst roles makes for a social firm -PD is highly encouraged--opportunity to attend and present at client meetings early on, business schools present at the office, attending manager meetings is encouraged and open to all -Opportunity to learn about all asset classes and work on many different client types -Associates who want to go onto business school get into top ten schools regularly and the CA name is well known and respected, at least in Boston

    Cons

    -The salary is not competitive in the finance or consulting industries, and while the entry level salary is okay, the promotion increases and bonuses are basically non-existent which can be demoralizing -While the Associate group is very social and bonds quickly over the long hours, at times morale can be low among the group because the pay is really not commensurate with the hours expected and frustration breeds -Promotions are decided by "peer" leaders, who read the feedback from the consultants you work with and then summarize it and present it to you. This quickly becomes a popularity contest and puts an unnecessary "middle man" in the feedback loop.

    Advice to Management

    -Increase the pay jump for the promotion between Consulting Associate and Senior Consulting Associate -Recognize that burnout is a real threat to providing high quality service to our clients, and don't trim the number of Associates when you think about tightening the budgets--a small trim makes a real negative impact on the group and on our work/life balance -Don't cut the auxiliary team opportunities as Associates are more in demand on client work--this is a major recruiting draw for undergraduates coming out of college and is valuable to both their PD and the firm, as they provide marketing, Excel, Recruiting, etc. support


  8. Helpful (3)

    Great Firm with Strong Growth Opportunities

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Dallas, TX
    Former Employee - Associate Consultant in Dallas, TX
    Recommends
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    Much like any thing in life, you get out of it what you put into it. The firm values hard work, dedication, mission alignment, and intellectual curiosity. I found myself intellectually stimulated and was always encouraged to take on additional projects that were of interest or fit within my skill set. The experience I gained through both my normal position and the additional projects on which I worked gave me a rich story pool for business school essays. 
The real reason you should consider Cambridge is for the people. Yes, the work can be hard. Yes, some parts of it can feel repetitive depending on your position in the organization. However, you will have the ability to work with, and more importantly learn from, exceptionally smart and talented people who take a personal interest in your success. The relationships I left with were truly invaluable, and I’m amazed at how much I grew, both personally and professionally, because of the mentorship I received while employed in the Dallas office.

    Cons

    The organization is relatively flat, so if you need a title the transition may be difficult.

    Advice to Management

    Hire a dedicated CTO; that will fix many of the IT problems (planning, integration, incorporating strategic goals and technological capabilities, etc.). Don’t forget to nurture the culture. The culture (and tie in with our members) was one of my favorite things about working at Cambridge, and it transitioned/developed a distinct finance flare.


  9. Great firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consulting Associate in Boston, MA
    Former Employee - Senior Consulting Associate in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good culture, well-respected firm and good work-life balance

    Cons

    Not the highest pay in the investment world, but that goes for all consultants


  10. Cambridge Associates - Manager Information Group

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Research Associate in Arlington, VA
    Current Employee - Senior Research Associate in Arlington, VA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    - Overtime not required very often - Access to robust database of research and historical data - Intelligent and friendly colleagues - Cheap movie tickets

    Cons

    - IT challenged - Incompetent management at lower levels - Ineffective with internal communication - Limited opportunities for advancement - Unsatisfactory training at most levels

    Advice to Management

    Heading in the right direction with benefits, but will not be truly effective in retaining talent until salaries increase


  11. Great opportunity for knowledge building

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in Arlington, VA
    Current Employee - Research Associate in Arlington, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    A role in the Manager Information Group or Performance Reporting Group is a fantastic opportunity for individuals right out of college looking to break into developing asset class-based investing knowledge. The training program is not intimidating at all and allows individuals of all backgrounds to succeed, whether someone’s major was Finance, Accounting or French Literature; this also lends itself to those with more established careers that are looking for a switch into the investing world.

    Cons

    The role itself is a back-office support role; therefore someone is not going to be “making deals” or “making decisions.” However, the work an individual completes on a day-to-day, whether in Performance Reporting or the Manager Information Group, does help the front-office (consultants and research) to make the informed, thought-provoking decisions for Cambridge clients.

    Advice to Management

    Reduce the hierarchal structure and allow all members of the department shape the direction. For all of the emphasis management places on feedback and communication, it would best serve them to utilize the thoughts and suggestions provided to them rather than asking for feedback then doing something completely different.



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