Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated January 13, 2018
42 reviews

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Pros
Cons
  • Long hours (hearing someone worked 90 hrs in a week is not surprising) (in 22 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. "Demoralizing unless you are C-Level"

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

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

    Pros

    Most of the people here are great to work with. It definitely has one of the most friendly work cultures I've experienced.

    Cons

    - VERY limited growth opportunities - no matter how hard you work or how well your reviews go.
    - Encouraged to take on extra work and responsibility (pros) - but in no way does that mean your compensation will go up or your title will change.
    - Compensation is laughable; pay increases are minimal; bonuses are not at all reflective of how hard one works or how much extra work/responsibility one takes on.
    - Micro-managed ; limited anonymity.


  2. "Entry-Level and Move on!"

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

    Pros

    Great people to work with in an entry-level role.

    Cons

    No room to grow. Rewards are not monetary. Rewards equals more work and responsibility.

  3. Helpful (5)

    "Not a Stable Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Both my managers were nice. They were both fired.

    Cons

    In the 2+ years I worked there, there were 3 massive groups of lay offs, including my own. They also literally removed our opportunity to advance.


  4. Helpful (6)

    "Don't recommend"

    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

    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.


  5. Helpful (4)

    "MIG"

    StarStarStarStarStar
    • 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.


  6. Helpful (2)

    "In need of real leadership, direction, purpose"

    StarStarStarStarStar
    • 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.


  7. Helpful (2)

    "IT Contractor/Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend

    I worked at Cambridge Associates, LLC as a contractor

    Pros

    Nice staff, good company overall. Liked my co-workers the best. Customers were important to management.

    Cons

    Micro management is an understatement when it came to certain supervisors. Favortism runs rampant both in management as well as towards specific employees. Expectations are high but no clear path is outlined on how to meet them; they changed on a dime as well. Watched other people get reprimanded in public with the tone of voice of the manager being very aggressive. Would not accept a permanent position with this company.

    Advice to Management

    Stop treating people as if they are just resources to be disposed of after they are turned, burned and then hung out to dry. Go to bat for your employees - stand behind them, not look for opportunities to criticize. Listen to your consultants and get current in the IT industry.

  8. Helpful (5)

    "Performanec Analyst"

    StarStarStarStarStar
    • 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"

    StarStarStarStarStar
    • 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. "review of CA"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great people and great learning experience. Strong culture and ability to learn a lot from very smart and accomplished people. Very collegial and great opportunities down the line for investment related jobs and business school.

    Cons

    Compensation is lower than average, however this is expected as work-life balance was stronger than many peers in similar roles at other investment related companies. Room for advancement is limited without an MBA or CFA.


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