Cambridge Associates, LLC

www.cambridgeassociates.com
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review of CA

Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at Cambridge Associates, LLC

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.

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  1. Associate Position - Menlo Park, CA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Associates, LLC

    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.


  2. 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

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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    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


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