Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated November 29, 2017
41 reviews

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2.0
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David Druley
7 Ratings

41 Employee Reviews

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

  • Incredibly low pay in comparison to other investment analyst roles even though they constantly advertise how profitable the company is (in 17 reviews)

More Pros and Cons

  1. "This company needs a miracle"

    StarStarStarStarStar
    • 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 (More than a year)

    Pros

    Since they are so far behind the times it gives people with an open mind, desire to change and lead that change an opportunity to do so.

    Cons

    You get nowhere. Even if you are trying to make a change, good luck. Leadership doesn't know how to get back on track, leadership is non existent. No understanding how important it is to change with the industry. They are complacent.

    Advice to Management

    Quit and get people in who are at the top of their game, do what is right and can make a change for the company before it is too late.


  2. Helpful (1)

    "Work someplace else preferably"

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

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

    Pros

    -Smart investment consultants. Access to investment managers.

    Cons

    -Middle management model, most were bad
    -Low pay
    -Terrible bonus
    -Not really investment related

    Advice to Management

    Focus on your OCIO business and pay them more. Consulting is a shrinking line of your business.

  3. Helpful (6)

    "IOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations Analyst in Arlington, VA
    Current Employee - Investment Operations Analyst in Arlington, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Your peers, opportunities to engage with top investment management firms, company reputation within the industry. Flextime is great.

    Cons

    Please trust the other reviews for the IOA role. I'm on a team of less than 15 and only 3 or 4 people arent currently looking for new jobs.

    MIG gets treated as a joke within the firm. Other groups don't take us seriously, and department management treats us like idiots (example: training includes a session on How to Write Emails.) Insane micromanagement is the norm. The review calling it adult daycare couldn't be more accurate. Being a Team Leader is nice - if you like having to micromanage every detail of your friends workloads and getting no pay increase. The Assistant Managers are mostly decent but all too scared of higher management to actually advocate for their employees which leaves the floor feeling unappreciated and stuck in a business line that is clearly being phased out. Every single person in the department is covering more work than ever before and doing it at a higher quality, and management's response was? Make it harder to get promoted, so now it takes a minimum of 2 full years to get paid what's considered a starting salary in most Operations groups at other firms. Not to mention the criteria seems to be based more in if your considered a "Chosen One" than your actual work. Once you get that promotion , you basically get pushed out the door, so they don't have to promote you to the next level and pay you a senior analyst salary. If you've been here for over 3 years, it's like watching your own funeral. Responsibilities just slowly get taken away until you give up and move on to another firm.

    Advice to Management

    You hired competent, qualified, college-educated adults. Treat them like that. Create a culture of loyalty make employees feel like they can trust management. Actually talk to your group, everyone's unhappy but no one feels like they can say it.


  4. Helpful (4)

    "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.


  5. Helpful (4)

    "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.


  6. Helpful (1)

    "Investment Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Friendly working environment, collaborative, exposure to investing across different asset classes

    Cons

    Below-market compensation, unclear progression structure, unclear company direction/strategy


  7. Helpful (2)

    "Investment Associate"

    StarStarStarStarStar
    • 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

  8. Helpful (2)

    "Past Employee"

    StarStarStarStarStar
    • 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


  9. Helpful (1)

    "Back Office Staff Accountant"

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

    I worked at Cambridge Associates, LLC full-time

    Pros

    Competitive compensation package
    Good office location

    Cons

    Very high turnover
    Backlogs of work and audits
    Many longtime back-office employees refuse to train new hires
    Middle managers expect workers to work long hours and be available during holidays, weekends and vacations


  10. "Junior Investment Performance Associate"

    StarStarStarStarStar
    • 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


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