Cambridge Associates, LLC Reviews in Boston, MA | Glassdoor

Cambridge Associates, LLC Boston Reviews

Updated March 17, 2017
17 reviews

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Boston, MA Area

4.0
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David Druley
1 Rating

17 Employee Reviews

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Pros
  • Good work life balance and benefits (in 49 reviews)

  • The opportunity to learn is there (in 15 reviews)

Cons
  • you have to work long hours at times (in 19 reviews)

  • Manual data entry can be tiresome (in 15 reviews)

More Pros and Cons

  1. "Administrative Assistant"

    Star Star Star Star Star
    • 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.


  2. Helpful (1)

    "Fantastic place to start your career"

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

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

    Pros

    -Smart people
    -Great benefits
    -Relaxed but hard working culture
    -Dress code
    -Highly respected company
    -Will learn a ton about every aspect of institutional investing
    -High profile clients
    -Direct impact on company success

    Cons

    Technology is outdated
    Too much process/red tape for simple tasks
    Can be slow sometimes
    Compensation is lower for the industry
    Upward mobility is not particularly clear

    Advice to Management

    Invest in technology! If you want to save money on expenses then you need to automate a lot of the tasks that are sucking up time and money. The margins will take a hit but it will be worth it when we need to scale. This will ensure the long term health of the firm.

    You understand this point but it needs to be reiterated...your people are the reason you are successful. Keep investing in them and doing what is best for them and in return they will gladly do their best work.


  3. "Senior Investment Associate"

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

    Pros

    Very collegial environment within the IA group. Work is not overly demanding. One thing is that if you garner a strong reputation you get staffed up quickly and often don't have a say for which clients you work. I found exit opportunities were plentiful.

    Cons

    The pay is bad. Well below market rate.

    Advice to Management

    Rewarding successful entry level employees would go a long way to retaining talent.


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  5. "Investment Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Boston, MA
    Former Employee - Associate in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Collaborative environment, good work life balance, great connections and access to some of the world's most notable and successful portfolio managers across strategies. Low turnover among higher-level employees. Generally liked working there.

    Cons

    Can be political at times, and because of the long tenure of senior staff, upward mobility can be limited. Communication and relationship between groups can be lacking. Pay is below-market.

    Advice to Management

    Provide a better path to promotion and more delineation for how it can be achieved. Reward personnel based on achievement and not relationships.


  6. "Senior Associate Client Strategy and Communications"

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook

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

    Pros

    The work-life balance was great.

    Cons

    Room for growth within a position and within the company is limited, and mentors are scarce.

    Advice to Management

    Improve communications between consultants and the rest of the firm; many consultants seem to view other operations within the company as beneath them.


  7. "Great clients and people"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

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

    Pros

    Very stimulating from intellectual standpoint and review of all asset classes

    Cons

    Some difficult personalities but for the most part great people


  8. Helpful (2)

    "Great experience overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Junior Analyst in Boston, MA
    Former Employee - Investment Performance Junior Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company for a first job out of college. Started in a class (of which I made great personal/professional friends), great training program, great reputation in the institutional investing world, great published resources for continued personal/professional development, paid for CFA (assuming you passed ;). I was recruited to my next job specifically because of my experience at CA.

    Cons

    Fair amount of turnover at the junior level, people generally stay for 1-3 years then leave, not great opportunities to move to higher up positions (ie consultants) unless you have your MBA/CFA

    Advice to Management

    Find ways to make the work more interesting so young people dont get bored, find ways to educate and promote from within


  9. "Great people, above-average work environment"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Generally a very can-do culture and most everyone was motivated and willing to share time and knowledge.

    Cons

    Compensation was not terrific although benefits were above average. Low degree of internal mobility especially for those in operations oriented positions. Not a realistic possibility to jump over to consulting roles without MBA or CFA.


  10. Helpful (5)

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

    Star Star Star Star Star
    • 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
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time (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 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


  11. "Cambridge provides great opportunities for personal and professional growth."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    I have been working at Cambridge Associates, LLC full-time (More than 8 years)

    Pros

    There are lots of very nice, intelligent, hard working, motivated people.

    Cons

    There is a lack of vision and leadership by senior management. It is a very insular team with too much group think.


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