Cambridge Associates, LLC Reviews in Arlington, VA | Glassdoor

Cambridge Associates, LLC Arlington Reviews

Updated October 29, 2017
88 reviews

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Arlington, VA

2.9
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David Druley
9 Ratings

88 Employee Reviews

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Pros
Cons
  • Long hours (hearing someone worked 90 hrs in a week is not surprising) (in 21 reviews)

  • Incredibly low pay in comparison to other investment analyst roles even though they constantly advertise how profitable the company is (in 17 reviews)

More Pros and Cons

  1. "Investment Performance Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Analyst in Arlington, VA
    Former Employee - Investment Performance Analyst in Arlington, VA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Began working at Cambridge right out of college and was there for 3 years in the Data and Reporting department. CA is a great place to start a career in investments. You gain a lot of exposure investing, investment strategies, types of investments, etc. Cambridge also has a good work environment; there's no politicking, back stabbing, or corporate ladder climbing types. Everyone is generally very friendly.

    Cons

    Average turnover is 2-3 years within the Data and Reporting department. Everyone is either fresh out of college or a few years out of college. There are severely limited opportunities to learn and grow as an investment professional. Consider this; at 2 years of experience, you're considered to be one of the more senior and tenured individuals in the department and are looked to from the junior employees as a resource for knowledge. Where/who do you look, as a senior employee with 2 years of experience, to learn, grow, and develop as an investment professional? Answer: externally.


  2. "Good Place for a First Job in Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Analyst in Arlington, VA
    Former Employee - Investment Performance Analyst in Arlington, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great co-workers, and lots of opportunities to learn about investment consulting. Decent pay and benefits for an entry-level job.

    Cons

    Not much opportunity for advancement from this position. Technology was clunky and outdated.

  3. Helpful (1)

    "Work someplace else preferably"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    -Smart investment consultants. Access to investment managers.

    Cons

    -Middle management model, most were bad
    -Low pay
    -Terrible bonus
    -Not really investment related

    Advice to Management

    Focus on your OCIO business and pay them more. Consulting is a shrinking line of your business.


  4. Helpful (6)

    "IOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations Analyst in Arlington, VA
    Current Employee - Investment Operations Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Your peers, opportunities to engage with top investment management firms, company reputation within the industry. Flextime is great.

    Cons

    Please trust the other reviews for the IOA role. I'm on a team of less than 15 and only 3 or 4 people arent currently looking for new jobs.

    MIG gets treated as a joke within the firm. Other groups don't take us seriously, and department management treats us like idiots (example: training includes a session on How to Write Emails.) Insane micromanagement is the norm. The review calling it adult daycare couldn't be more accurate. Being a Team Leader is nice - if you like having to micromanage every detail of your friends workloads and getting no pay increase. The Assistant Managers are mostly decent but all too scared of higher management to actually advocate for their employees which leaves the floor feeling unappreciated and stuck in a business line that is clearly being phased out. Every single person in the department is covering more work than ever before and doing it at a higher quality, and management's response was? Make it harder to get promoted, so now it takes a minimum of 2 full years to get paid what's considered a starting salary in most Operations groups at other firms. Not to mention the criteria seems to be based more in if your considered a "Chosen One" than your actual work. Once you get that promotion , you basically get pushed out the door, so they don't have to promote you to the next level and pay you a senior analyst salary. If you've been here for over 3 years, it's like watching your own funeral. Responsibilities just slowly get taken away until you give up and move on to another firm.

    Advice to Management

    You hired competent, qualified, college-educated adults. Treat them like that. Create a culture of loyalty make employees feel like they can trust management. Actually talk to your group, everyone's unhappy but no one feels like they can say it.


  5. Helpful (2)

    "IOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IOA in Arlington, VA
    Former Employee - IOA in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Cambridge Associates, LLC full-time (More than a year)

    Pros

    Coworkers were really great and really bonded over the poor work environment. The office location is great!

    Cons

    No work-life balance whatsoever. No flexibility. No matter how hard you worked or how well you performed, management was never satisfied. The only reward for doing good work, is getting much more work. Team leads were expected to spend hours of their time tracking edits and errors and creating reports that focus on every little mistake or delay in data entry that their team members made instead of focusing on helping the team as a whole meet that day's goals. Team morale was severely low and the joke was that CA felt like adult day care because of how closely we were monitored and reprimanded.

    Advice to Management

    Respect and appreciate your employees. Treat them like an asset. Show appreciation and trust in your employees by offering a culture more focused on work-life balance.


  6. "Intern Experience"

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

    I have been working at Cambridge Associates, LLC as an intern (Less than a year)

    Pros

    Gained lots of work experience as to how business actually works. Was responsible for the same tasks as many full time employees which made me feel like I was actually contributing to the company.

    Cons

    Has an old school business approach because of their largely older base of employees, though they are actively trying to improve this.


  7. Helpful (5)

    "Investment Operations Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Arlington, VA
    Current Employee - Operations Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Everyone around you is a young professional

    Cons

    Low pay. No encouragement towards innovation and risk taking. Promotions work off of how long you've worked at the firm more than the actual work that you produce for the team. Management is very young so may not always know how to run a team effectively and efficiently. Little flexibility in terms of dress code and working hours. Lastly, zero support for career advancement.

    Advice to Management

    If salaries aren't going to increase, employees should at least get more flexibility with their schedules on top of other types of incentives that do not involve money. Also, a lot of employees would appreciate it if management reduced their micromanagement style.

  8. Helpful (4)

    "Great Start to a Career for 9 Months"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Investment Operations Analyst in Arlington, VA
    Former Employee - Senior Investment Operations Analyst in Arlington, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    If you are just starting your career in finance, Cambridge is an excellent spot, at least for a little while. *Note that departments at Cambridge differ widely in culture.

    - You can learn a lot very quickly if you push yourself to keep learning/networking
    - You have access to the best investment managers in the world
    - You will work with intelligent people who are likely of your age group
    - It is nearly expected that you will take one of the financial exams (CFA, CAIA)
    - Exit opportunities include: IR, business school, endowment work, as well as moving to other fields
    - good benefits package

    Cons

    - Pay is tragically low for both the position and the industry.
    - The work becomes dreadfully boring and cyclical after about 2 quarters
    - The department is clearly being downsized due to automation though management is not transparent about it
    - The expectations for career advancement are not only moving targets, but they are undisclosed as well
    - Employee engagement is at a level where even the management team listens to music while they work
    - The department budget is completely secret, but must be shrinking because benefits such as sponsored book clubs and happy hours are long gone
    - All of these contribute to the unusually high turnover rate

    Advice to Management

    - When you do not have any transparency about the budget, but benefits disappear and people are laid off, people notice. Just because no one is telling you, does not mean they don't see what's going on
    - If people are laid off and remaining employees now have additional work to do, it may be a prudent time to show employees that you value them
    - We are a back office of a satellite office in a place with brutally hot summers, why do we need to wear business casual?
    - This is a textbook role for working remotely, which you may consider taking advantage of as a a low cost benefit
    - The high turnover means that it is easy to lose a sense of culture, perhaps help new hires integrate culturally in addition to learning about core work.


  9. "Great company with lots of resources. However, it is entirely up to the individuals to take advantage of them"

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

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

    Pros

    Decent work life balance
    Great resources (research publications & sometimes open meetings) for everyone regardless the role within the firm

    Cons

    Sometimes career advancement opportunities are not as clear


  10. Helpful (1)

    "The Performance Reporting Group was the perfect place to start a career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Investment Performance Analyst in Arlington, VA
    Former Employee - Senior Investment Performance Analyst in Arlington, VA
    Recommends
    Approves of CEO

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

    Pros

    -Management is incredibly supportive of their employees.
    -Close bonds are forged between employees and management.
    -D&R has an entrepreneurial spirit that contradicts what you might expect from a large financial institution.
    -There are always opportunities to get involved. Inspires personal and professional growth by empowering employees to decide when and how they want to get involved in these opportunities and make valuable contributions.
    -Open lines of communication between management and their employees--they want to know how to best serve you as their employee and help them develop.
    -Opportunities to interact with a number of different groups within the firm from within D&R.
    -Although the career trajectory in PRG levels off at Senior Analyst, there are opportunities to move into a new role within Cambridge, and management is supportive of helping you as the employee find your niche (both while working in D&R and when starting to think about moving outside of the group).
    -Opportunity to work on complex client relationships, hone strong relationship building, communication, and organizational skills.
    -Incredible flexibility and great benefits.
    -Instrumental in developing core professional skills.

    Cons

    This isn't a con as much as a comment and piece of advice:

    -If you allow yourself to get bored or discouraged, the core work at times can be boring and discouraging. There are many opportunities available to employees of all tenure levels to pursue to mitigate the feelings that may arise for some employees as a function of the cyclical nature of the core work. Get involved in these opportunities.

    Advice to Management

    Even though it's important to be cohesive as a management team, work towards your strengths! If one manager's preference is more towards projects, help them manage people who are most interested in projects so that they can collaborate and learn from one another. If another manager's preference is people, allow them to manage the people centered projects. The management team already does a good job of doing this, but I think it's important to keep it in mind so that management can continue feeling valuable and employees can continue to grow.


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