Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated September 14, 2017
288 reviews

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3.2
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David Druley
22 Ratings

288 Employee Reviews

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Pros
  • Work-life balance is a positive (in 51 reviews)

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

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

  • Further exacerbated by the low pay (in 15 reviews)

More Pros and Cons

  1. "Great People, Tough organization"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    You will get to work with smart, well rounded people

    Cons

    Not a terribly interesting role


  2. "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.

  3. "Great company to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    Great culture, smart co-workers, great pay and benefits

    Cons

    Sometimes politics gets in the way of getting things done


  4. "Investment Operations-Stay Away"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    There are some great people, they do nothing to retain them

    Cons

    Management- come in late, leave early, do not work full 40hrs
    Lack of Leadership Skills
    No one is held accountable
    Very Low Salaries
    Promotions are based on favoritism or tenure, not hard work

    Advice to Management

    Be visible and accessible
    Treat us fairly
    Hold people accountable


  5. "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.


  6. "Good place"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    great, young people. and fun

    Cons

    hours can be long and tough


  7. Helpful (5)

    "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.

  8. Helpful (2)

    "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. "Amazing group of people"

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

    I worked at Cambridge Associates, LLC full-time

    Pros

    Generally smart employees, all with an energy and level of enjoyment that made work more tolerable.

    Cons

    The consultants on your accounts 100% dictate the experience you will have.


  10. "Fine Company to start your career at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Very good work life balance

    Cons

    the pay is below industry standard


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