Cambridge Associates, LLC

  www.cambridgeassociates.com
  www.cambridgeassociates.com
Work in HR? Unlock Free Profile
There are newer employer reviews for Cambridge Associates, LLC

 

Not bad as a starting job.

Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Cambridge Associates, LLC

Pros

Work / Life balance is pretty decent.

Cons

Pay is not competitive for the field.

130 Other Employee Reviews for Cambridge Associates, LLC (View Most Recent)

Sort: Rating Date
  1. 2 people found this helpful  

    Great Firm with Strong Growth Opportunities

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

    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 ManagementAdvice

    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.

    Recommends
    Approves of CEO
  2. 2 people found this helpful  

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

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

    I worked at Cambridge Associates, LLC full-time for 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 ManagementAdvice

    -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

    Recommends
    Negative Outlook
    Approves of CEO
There are newer employer reviews for Cambridge Associates, LLC

Worked for Cambridge Associates, LLC? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.