Cambridge Associates, LLC Reviews in Boston, MA | Glassdoor

Cambridge Associates, LLC Boston Reviews

Updated November 29, 2017
59 reviews

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Boston, MA Area

2.6
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David Druley
9 Ratings

59 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. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Current Employee - Associate in Boston, MA
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    The culture at CA is great.

    Cons

    The compensation at CA is below market.

    Advice to Management

    Pay the employees more. The work goes unnoticed.


  2. "This company needs a miracle"

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

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

    Pros

    Since they are so far behind the times it gives people with an open mind, desire to change and lead that change an opportunity to do so.

    Cons

    You get nowhere. Even if you are trying to make a change, good luck. Leadership doesn't know how to get back on track, leadership is non existent. No understanding how important it is to change with the industry. They are complacent.

    Advice to Management

    Quit and get people in who are at the top of their game, do what is right and can make a change for the company before it is too late.

  3. Helpful (4)

    "Needs improvement"

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

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

    Pros

    Great exposure to investment managers and institutional investing. Investment Associates have the opportunity to attend manager meetings and actually be involved in the discussion. That kind of experience is hard to find elsewhere.

    Cons

    - Pay is substantially below market. Bonus for top bracket barely breaches 2 weeks' pay
    - Work-life balance when you interview vs. when you sign on is very different. Further exacerbated by the low pay
    - Very white, "club culture".
    - Investmemt Associates run the program and are thus susceptible to tribalism. 23/24 year olds should not be making bonus decisions for their peers
    - History of underinvestment in firm resources, especially personnel and technology
    - Limited exit opportunities besides business school and IR

    Advice to Management

    Invest in Imvestment Associates and their supporting teams. They are the lifeblood of the firm. Keep up with the market regarding pay, technology and benefits. Diversity is far behind peers, do more to invest in diverse hires. Management needs to be more visible. Most people do not know their manager. Management needs to be more transparent with decisions and the direction of the firm.


  4. "Poor Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Current Employee - Associate in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great co-workers, terrible leadership

    Cons

    Management is non existent, constantly out for lunches happy hours, dinners on Cambridge' s tab. Rarely work 40 hour weeks.

    Advice to Management

    Be present, be an asset, treat your employees like human beings.


  5. Helpful (6)

    "Overworked, exhausted, mismanaged associates"

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

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

    Pros

    - Good exposure to top tier managers
    - Lots of responsibility early on
    - The associates are wonderful, overworked, brilliant people
    - Engaging work

    Cons

    - Very low pay (60k with only bonus of 1-2k)
    - Long hours (hearing someone worked 90 hrs in a week is not surprising)
    - Very little diversity
    - Poor organizational structure. You are essentially working for 8 different teams that have no idea about the work load you've been given from your other teams...this can result in 18 hour work days and exhausted and depleted associates...oh and no overtime comp
    - I've seen multiple associates cry in the office due to exhaustion and being reprimanded for errors in their work following an all nighter in the office.
    - No support from management
    - Some morally questionable clients means sometimes your work is making bad people wealthier.
    - The top talent is leaving
    - The new CEO has cut resources to associates, and struggles to retain talent.

    Advice to Management

    Stop treating associates like they are dispensable. Pay people more, cap max overtime, and provide better incentives. Associates are the backbone of the firm- invest in them and listen do them.


  6. Helpful (1)

    "Okay for awhile"

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

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

    Pros

    you get great exposure to a lot of very smart people

    Cons

    poor work comp
    they say you have great work life balance but you really don't
    unorganized company
    no one can make a decision here

    Advice to Management

    act like management and make decisions instead of letting everyone else take years to do so


  7. Helpful (2)

    "Investment Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Investment Associate in Boston, MA
    Current Employee - Senior Investment Associate in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great Learning Experience
    Close interactaction with top fund managers and institutional investors
    Lots of responsibility early on
    Good experience and trajectory for top business schools

    Cons

    Low relative salary ($60k start) and insignificant incentive/bonus comp ($1-2k)
    Long hours (depending on staffing, 60 hours a week can be the norm)
    Not a lot of marketable skills gained - unless interested in IR

    Advice to Management

    Associates are leaving en masse - either increase comp or hire more associates

  8. "Supportive, collaborative environment"

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

    I worked at Cambridge Associates, LLC as an intern (More than a year)

    Pros

    Very intelligent people from top-tier schools, everyone willing to help, direct access to a lot of senior level people, great exit opportunities for B-school and consulting

    Cons

    Not a particularly transferable skill set outside of investment management/investment consulting. Low pay considering the top talent they attract


  9. "Good place to start a career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Associate in Boston, MA
    Current Employee - Investment Associate in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Associates are paid well (with the expection of the bonus), and receive good experience with clients and investment managers

    Cons

    Work can be very repetitive, and there is very limited upward mobility. Firm is very top heavy.

    Advice to Management

    Do more to retain associates.


  10. "Administrative Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in Boston, MA
    Current Employee - Administrative Assistant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cambridge Associates, LLC full-time

    Pros

    Great culture and you can learn a lot.

    Cons

    Pay is on the low side, the job you interview for might now be the job you actually end up doing.

    Advice to Management

    More growth opportunities and communication with employees needs to be better.


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