Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated March 17, 2017
96 reviews

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4.0
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David Druley
4 Ratings

96 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 (1)

    "Great Firm, Good Work, Poor Pay"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consulting Associate in Boston, MA
    Current Employee - Consulting Associate in Boston, MA
    Recommends
    Approves of CEO

    Pros

    - Opportunities for personal and professional growth
    - Brilliant Consultants/MD's always available to explain rationale or investment philosophy
    - Unrestricted access to clients, managers, etc...

    Cons

    - Base pay is very low
    - Bonus structure doesn't lend itself to inspiring above-and-beyond performance
    - Hours can be grueling at times

    Advice to Management

    Cambridge Associates is a well-managed firm. CA's work hard and put in the effort to differentiate Cambridge from its competitors. That hard work and aptitude should be rewarded with a pay structure more in line with the industry norms.


  2. "Thumbs Up"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consulting Associate in Boston, MA
    Current Employee - Consulting Associate in Boston, MA
    Recommends
    Approves of CEO

    Pros

    experience
    broad exposure
    work with lots of teams/personalities/experience levels
    lots of responsibility for a first job (ie - hiring done by Consulting Associates)

    Cons

    hours can be long; pay isn't the best
    bonuses fail to reflect performance

    Advice to Management

    Start firing those with no value add - and give their pay to those who work hard!


  3. Helpful (2)

    "Good place to start a career in the investment industry"

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

    Pros

    Great big picture introduction to asset management. You learn about asset allocation, manager selection, risk management.

    Chance to work with some great colleagues. Many supervisors are supportive, friendly, and genuinely interested in your career development. Less office politics than other investment firms.

    If you do a good job, management will try to assign you to projects related to your career interests.

    You can get into a Top 10 MBA program.

    Cons

    Pay is relatively low. You are expected to work long hours compared to how much you are paid.

    While the work is challenging at first, it becomes repetitive after a year or so.

    Advice to Management

    Management has done a great job of growing the company. Since it was founded, Cambridge has become the worldwide leader in investment consulting. Leadership should be proud of the job they've done.


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  5. "Consulting associate role is a great experience, but can dominate your life."

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

    Pros

    The associate group is a young and very collegiate (you can get help when you are overworked). It is a great experience for recent grads.

    Cons

    The pay is a little depressing when you are there until 3 or 4 in the morning every day for a month. There is almost no possibility for career advancement for associates. It's three years and out.

    Advice to Management

    Associate morale gets pretty low and the perception is that management does not care. It is a client-focused firm so client requests must be honored, but management should do more to bolster morale.


  6. "Good first job in finance"

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

    Pros

    This was a great opportunity out of college. Room to learn about alternative investments (private equity). Gain exposure to many different portfolios and private equity funds

    Cons

    There is not much room for advancement if you are there for more than 3 years and haven't been significantly promoted. High turnover at times


  7. Helpful (1)

    "Interesting, Broadening, but can be limited career progression"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Nice people, senior management makes the effort to get know you, Interesting topics and great depth in knowledge within the firm, good work life balance if you are in the right team

    Cons

    takes a long time to be promoted, not a lot of certainty about career path, as with many junior positions the work can get repetitive after a while


  8. "Unique Experience but overall positive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Research Analyst in Arlington, VA
    Current Employee - Senior Research Analyst in Arlington, VA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Because of the timing of some department shifts I was able to have accelerated growth within the department. With that said there is room for growth alongside hard work.
    - Decent work-life balance
    - Pro professional designations (CFA/CAIA help financially)
    - Extremely intelligent co-workers

    Cons

    - Salary; despite numerous promotions the ceiling for salary is not comparable to others in the area. Not to say you can't make a decent living, it's just not the same regarding salary level.
    - Communication between departments is limited, despite groups working together.
    - Consultant-first attitude leads to disdain towards consultants.
    - Too focused on low-turnover. Many employees skate by without really putting in the hours of others, but a refusal by management to cut ties leads to complacency and leads to bad work ethic going unpunished.

    Advice to Management

    - Re-evaluate how you view terminating employees. Your view towards retaining talent is good, but you allow complacency with tenured individuals who do not hold their weight.


  9. Helpful (1)

    "Great company if your smart and knowledgeable in finance"

    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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    If you put in the work, you will do well. On going training is very helpful to gain knowledge in different areas of finance and investments. Improves your knowledge of finance and investments.

    Cons

    Career growth sucks. Managers play favorites to staff that hangs out with them out side of work. Girls are favored as well since there aren't many in the performance department. Lots of turnover, and not just as much as you would expect in entry level finance firm. LOT MORE. Management is improving the performance department, but this transition has caused half of the previous staff to leave.

    Advice to Management

    More employee empowerment needed. Otherwise good. The changes are good for the position, and will improve down the road.


  10. "Make your own career path."

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

    I have been working at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Can pursue your own specific interests. Autonomy. Very intellectual colleagues. Great opportunity for professional advancement. Significant market exposure.

    Cons

    Low salary for the industry. Limited vertical movement potentials. Long hours

    Advice to Management

    Help the staff advance their careers more fully. Professional Development


  11. "Great benefits, flexible environment, lack of direction"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Professional in Arlington, VA
    Current Employee - IT Professional in Arlington, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits, flexible hours, possible work-from-home options (depending on position)

    Cons

    Lack of communication across departments and even within some departments. The IT department has lack of vision, undefined career paths, little investment in employee growth/training.


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