Cambridge Associates, LLC Reviews in Boston, MA | Glassdoor

Cambridge Associates, LLC Boston Reviews

Updated February 15, 2017
49 reviews

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49 Employee Reviews

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

  • Manual data entry can be tiresome (in 14 reviews)

More Pros and Cons

  1. "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.


  2. 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.


  3. "Good stepping stone to business school"

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

    Pros

    Good funnel into business schools - most associates who left for b-school got into a top 15 ranked school, and into one of their top two choices.

    Cons

    Senior management does not invest (both on a dollar and time basis) in its low- and mid-level employees.


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  5. Helpful (10)

    "Some sadness here"

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

    Pros

    Amazing clients, nice, smart colleagues, interesting work.

    Cons

    The owners of this privately held firm are most interested in maximizing profits for themselves. Over many years the majority of the MD level employees have felt underpaid and under appreciated. This has resulted in an undertone of unhappiness at this firm. There is a "sweep it under the rug" culture here. There was a known trade off between salary and quality of life here but that is now a myth, which has added to unhappiness. I believe this has resulted in Cambridge being less competitive these days than in the past.

    Advice to Management

    The management has been through many changes to try to maintain quality talent and compete for business. The owners should invest more in the form and realize that talent is not fungible.


  6. Helpful (4)

    "Growing Pains"

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

    Pros

    Nice offices, great benefits, desire to do well to do good,

    Cons

    ongoing reorg, poor communication, poor morale


  7. "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.


  8. Helpful (1)

    "Assist. Director"

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

    I have been working at Cambridge Associates, LLC (More than 10 years)

    Pros

    People, work life balance, values and ethics of the firm

    Cons

    Compensation, two firms Investment side and everyone else


  9. Helpful (5)

    "Campany is changing"

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

    I worked at Cambridge Associates, LLC full-time

    Pros

    Lots of very smart co-workers.
    Great mentors.
    Your day to day tends to never be the same.

    Cons

    Lots of changes coming to the company.
    Low pay for long hours.
    There is a clear divide in the company between the consultants and everyone else.

    Advice to Management

    stick with the CA of old. Don't try to scale a custom process because the quality of the services will deteriorate


  10. 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.


  11. Helpful (5)

    "Managing Director"

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

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

    Pros

    Over the long term this was a great place to work and learn about the investment industry. Very intelligent environment in which to work.

    Cons

    Over the last 5 years, the company has tried to rebrand itself through reorganization. Each time they claim to be including a variety of opinions across the firm but it seems like it is the same 8-10 people on every committee. Last few years everyone has felt uneasy about their role at the firm.

    Advice to Management

    Management should be open and honest with the employees to rebuild their trust in management. A firm will not succeed with everyone constantly looking over their shoulder.



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