Cambridge Associates, LLC
3.5 of 5 122 reviews
www.cambridgeassociates.com Boston, MA 1000 to 5000 Employees

122 Employee Reviews (View Most Recent)

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4 people found this helpful  

Waste of Time

Research Associate (Former Employee)
Washington, DC

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

No, I would not recommend this company to a friend

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    • Culture & Values
           
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    • Senior Management
           
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    • Approves of CEO

     

    Great learning experience for somebody fresh out of college.

    Senior Consulting Associate (Current Employee)
    Boston, MA

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


    Pros: Broad exposure to various asset classes, get to work with many smart… Cons: Compensation is on the lower end of the spectrum, work… Advice to Senior Management: Monitor and manage staffing situation better so that associates are not prematurely… Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    2 people found this helpful  

    Good company, but entry level jobs are not that great

    Junior Research Associate (Former Employee)
    Arlington, VA

    I worked at Cambridge Associates, LLC full-time


    Pros: -Management values hard work and supports professional growth -Helpful and genuinely caring coworkers -Good for recent college grads because everyone is… Cons: -Misleading job descriptions: you do no research or anything qualitative, just math and… Advice to Senior Management: Relax; you don't need to do what employees do every hour, there does not… Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
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