Cambridge Associates, LLC Reviews in Boston, MA | Glassdoor

Cambridge Associates, LLC Boston Reviews

Updated May 17, 2017
54 reviews

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Boston, MA Area

3.3
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David Druley
5 Ratings

54 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
  • Long hours (depending on staffing, 60 hours a week can be the norm) (in 20 reviews)

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

More Pros and Cons

  1. Helpful (3)

    "If you didn't attend an Ivy League school, you won't fit in."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Human Resources Generalist in Boston, MA
    Former Contractor - Human Resources Generalist in Boston, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    The friendly administrative staff. The office was accessible by mass transportation.

    Cons

    Elitist attitude
    Top management gets rich while the bottom layer struggles to survive.

    Advice to Management

    Bring in new management. You've made enough to retire twice.


  2. Helpful (6)

    "Back-stabbing culture"

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

    I worked at Cambridge Associates, LLC full-time

    Pros

    Good compensation for the hours, great location in Boston, as well as all of the perks of your typical consulting firm.

    Cons

    Horrible management team, focused only on keeping their middle management perks. Zero interest in maximizing career opportunities for existing employees. Firm recently fired its president and is re-building from the ground up.

  3. Helpful (2)

    "Cambridge Associates - Not a nice place to work"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    flexible schedule, easy to commute to, in the heart of the financial district. They are trying to figure themselves out

    Cons

    They keep reorganizing, there is ZERO leadership at the top and they don't have a plan for the future. EVERY single person I know has worked there 2 years, tops, and then left.

    Advice to Management

    Set goals and share them with the firm. Try to get the founders to understand that you need goals and a mission that people can get behind and work towards.


  4. Helpful (2)

    "Review of C|A- IT employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Desktop Support Analyst in Boston, MA
    Current Employee - Desktop Support Analyst in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 5 years)

    Pros

    -Very collegial atmosphere
    -Bonus offered on a yearly basis

    Cons

    -IT department has no leadership
    -Very high turnover rate
    -Compensation is below average
    -Be prepared to wear 'many hats'. Too much needs to be done with very little
    -HR department just passes on information, they are not very helpful

    Advice to Management

    More emphasis needs to be placed on rewarding employees who are consistent in providing positive results and consistently gets positive feedback. Maybe this will help lower the turnover rate as well.


  5. Helpful (2)

    "In need of real leadership, direction, purpose"

    Star Star Star Star Star
    • Work/Life Balance
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Boston, MA
    Current Employee - Analyst in Boston, MA
    Doesn't Recommend

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

    Pros

    Good work/life balance if you set precedence. They will pay for a lot of training.

    Cons

    Tough, top-heavy, divisive culture within the organization I am in. You either are willing to go with the flow, or better look elsewhere.

    Advice to Management

    Focus on strategic outlook, rebuild with purpose, truly look at the talent within instead of bringing in people you've worked with before. Stop acting like the small company it once was and learn to be efficient and effective.


  6. Helpful (5)

    "Don't recommend"

    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
    Doesn't Recommend
    Negative Outlook

    I worked at Cambridge Associates, LLC full-time

    Pros

    - A good starting point for those with less-than-stellar academic records that need a boost to their business school applications. Associates tend to exit to a variety of roles within investing (mostly institutional, although direct investing is possible with some strategic planning). The CA name gets you far (although a lot of other prestigious firms can get you just as far).
    - You receive a lot of responsibility early on. It is common for IAs to present in client meetings, as well as hold a position in portfolio construction discussions.

    Cons

    The freedom / responsibility that the IA's receive is a double-edged sword:

    - Hard workers are generally rewarded with more work. Promotions are pretty strict (1.5 years), although that seems to be changing.
    - Your experience is heavily dictated by your initial client list, which paves your Director exposure over your career. It is hard to pivot out of this initial client list, as many teams are long-term oriented and don't like to risk swapping out a top-performing IA for someone else.
    - There is little to no interest in recruiting top talent. IAs with no formal recruiting training are given the freedom to run recruiting (Directors do not conduct any interviews). Say what you will about office diversity, but there is an issue when Recruiting teams think it's okay to reject applicants for falling outside of the CA "norm" (AKA queer, non-NESCAC students that don't fit the WASP prototype that parades CA) due to "fit" issues. Yes, this happens in 2015.

    Advice to Management

    - Revamp recruiting to fit the firm's needs. If there are issues of dead weight year after year, perhaps the issue comes from who we're letting in the door.
    - Provide caps for client roster, as well as meaningful metrics for the workload of various client teams.


  7. Helpful (2)

    "Past Employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruiter in Boston, MA
    Former Employee - Recruiter in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Located in a great area of Boston.

    Cons

    -HR and Recruiting team is chaotic
    -A lot of turnover
    -Lacking leadership and guidance

  8. "Investment Associate"

    Star Star Star Star Star
    • 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


  9. Helpful (1)

    "Slow, clunky, lots of overhead"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Well recognized name in the industry, very intelligent people.

    Cons

    Really slow to change, lack of investment in technology makes everything 10 times harder to complete

    Advice to Management

    Don't wait until it's too late to make investments in technology. The firm is paying for the lack of investment from the last 5-10 years.


  10. "Great place to start a career"

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

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

    Pros

    the people, the research, the ability to meet with industry leading investment managers

    Cons

    pay relative to hours worked is not competitive. develop plenty of soft skills but few hard skills.

    Advice to Management

    pay more or hire more to decrease the analyst-level workload


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