Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated May 17, 2017
36 reviews

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2.0
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David Druley
3 Ratings

36 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. "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


  2. "Operations"

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

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

    Pros

    company culture, good hours, flexible schedule

    Cons

    lots of data entry and the work is repetitive/boring, lack of upward mobility within the department

  3. 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


  4. "Junior Investment Performance Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Arlington, VA
    Current Employee - Anonymous Employee in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The company is filled with nice people. You have the opportunity to plan out your own day. Management is really nice. Not much room for growth.

    Cons

    you have to work long hours at times. They expect you to stay late when a client needs something regardless of what time it is. Work is VERY repetitive. At first things seem nice but then you see how things really are. My advice stay away unless you want to work long hours, get anxiety and give up your personal life.

    Advice to Management

    Dived work load


  5. 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.


  6. Helpful (4)

    "MIG"

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

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

    Pros

    -Great access to interesting companies and investment managers
    -Good initial exposure to professional setting post college, but don't stay beyond 2 years unless management improves career paths

    Cons

    -Disconnect between offices in communication, strategy, culture, and career opportunity
    -Lack of respect for MIG within organization. Strange considering the proportion it carried to the rest of the company and the foundation it provided for the consultants, Benchmark Services, and research to do their jobs...either way it was incredibly noticeable.
    -Very poor leadership at mid level in US office, though this appears to finally be improving, Upper management completely out of touch on day to day operations.
    -Poor workload management. A few key persons that were smart and hardworking, carrying the load for the rest that would simply twiddle their thumbs. Partly due to caliber of individuals, partly due to poor management. Management appeared to rather push the good workers to near breaking point instead of taking time to train those not yet at the right caliber.
    -Never have I heard so much complaining and "venting" from a peer as I did during my time at C|A MIG..not a good sign
    -HR is useless for internal transfers. Have seen them fail in communication several times. Company has lost great employees as a result.

    Advice to Management

    -Align your benefits to your younger employees. There is great maternity leave, etc., but very poor coverage for secondary degrees, accreditation.
    -Invest in management training
    -Create clear career paths, especially between departments. You're currently losing great employees and keeping bad employees.


  7. 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.

  8. Helpful (5)

    "Performanec Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Analyst in Arlington, VA
    Former Employee - Investment Performance Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Business casual. Management doesn't really want to deal with you, so if you do you your job people will generally leave you alone.

    Cons

    Boring job. Micromanaged. You don't learn much. Promotions based on relationships rather than work achieved. Increasing workload on analysts. High turnover.

    Advice to Management

    Be honest to the people you are hiring in that this is a very repetitive and mind-numbing job.


  9. 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.


  10. Helpful (7)

    "Save Your Soul; Do NOT work in IT!"

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

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

    Pros

    Flexible hours, good work/life balance, very friendly people to work with.

    Cons

    Compensation is a JOKE. If you're a developer, you will never use the latest technologies. 90% of our applications are not MVC based and because we are not a tech firm, there is no interest in pushing for using more robust languages or technologies. If you try to push for making something better or faster by implementing a new process or framework, you will get shut down because everyone in IT is afraid of change. Most developers have been around since the early 90s and have not bothered to learn any new languages since then (all while getting cost of living raises throughout the years). All of our new applications and new projects are being completely outsourced and costing the firm hundreds of thousands, if not millions. Developer roles are now completely support based, no new development is happening.

    This is an investing firm, not a tech firm and IT is always considered a support role to the firm's decisions. Currently everyone in the firm thinks IT is a joke because we have major operational issues and cannot keep servers running smoothly. This then drives the idea that we need to outsource everything instead of promoting/hiring people who actually know what they're doing.

    Don't be a part of this sinking ship.


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