Cambridge Associates, LLC Reviews | Glassdoor

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Cambridge Associates, LLC Reviews

Updated January 18, 2018
303 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 18 reviews)

More Pros and Cons

  1. Helpful (6)

    "Back-stabbing culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Consultant in Boston, MA
    Former Employee - Investment Consultant in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    Good compensation for the hours, great location in Boston, as well as all of the perks of your typical consulting firm.

    Cons

    Horrible management team, focused only on keeping their middle management perks. Zero interest in maximizing career opportunities for existing employees. Firm recently fired its president and is re-building from the ground up.


  2. Helpful (2)

    "Treated like a HS Student"

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

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

    Pros

    Free coffee and nice location I suppose

    Cons

    Micro managed to the max, managers record what you do by the minute. They stress diversity but 90% of the workers are white and either belong to the same fraternity or sorority. Culturally diverse workers are treated less favorably. Also you get to work 70+ hours on busy months

    Advice to Management

    I still don't know what our core values are

  3. Helpful (2)

    "Cambridge Associates - Not a nice place to work"

    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

    Pros

    flexible schedule, easy to commute to, in the heart of the financial district. They are trying to figure themselves out

    Cons

    They keep reorganizing, there is ZERO leadership at the top and they don't have a plan for the future. EVERY single person I know has worked there 2 years, tops, and then left.

    Advice to Management

    Set goals and share them with the firm. Try to get the founders to understand that you need goals and a mission that people can get behind and work towards.


  4. Helpful (3)

    "MIG- Seriously Think Twice"

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

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

    Pros

    Good exposure to investment world. Could be worth the major systemic issues in the department to gain exposure. Some people move on to other parts of the company which seem like much better opportunities. Some people are able to get their foot in the door in really great investment firms after some experience in MIG. Coworkers generally supportive, hardworking, nice people.

    Cons

    Management is inexperienced and the department never hits goals. In spite of unrealistic expectations, lack of success is always blamed on employees. Well-meaning middle management, but lack of experience causes whole department to suffer. Exceptionally outdated technology. Micro management to the extreme. You'll have the worst combination of boredom at doing repetitive tasks and stress at the amount you're expected to hit. As previous reviewers have mentioned, management takes no effort to actually implement changes. Exceptionally poor commitment/ care for workplace diversity.

    Advice to Management

    Dismantle management structure and entirely rebuild.


  5. Helpful (6)

    "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.


  6. Helpful (2)

    "IOA"

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

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

    Pros

    Coworkers were really great and really bonded over the poor work environment. The office location is great!

    Cons

    No work-life balance whatsoever. No flexibility. No matter how hard you worked or how well you performed, management was never satisfied. The only reward for doing good work, is getting much more work. Team leads were expected to spend hours of their time tracking edits and errors and creating reports that focus on every little mistake or delay in data entry that their team members made instead of focusing on helping the team as a whole meet that day's goals. Team morale was severely low and the joke was that CA felt like adult day care because of how closely we were monitored and reprimanded.

    Advice to Management

    Respect and appreciate your employees. Treat them like an asset. Show appreciation and trust in your employees by offering a culture more focused on work-life balance.


  7. "Poor Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Current Employee - 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 co-workers, terrible leadership

    Cons

    Management is non existent, constantly out for lunches happy hours, dinners on Cambridge' s tab. Rarely work 40 hour weeks.

    Advice to Management

    Be present, be an asset, treat your employees like human beings.

  8. "No respect for anyone not a consultant"

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

    Pros

    Good pay, great team environment

    Cons

    Lack of communication by management, hr is a joke, resistant to change rather do the same old just because that's how its been done for 10 years than look to do it better and more efficiently

    Advice to Management

    have more respect for support areas


  9. "Cambridge - Where both skill and passion go to die"

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

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

    Pros

    Yes, it is a very "collegial environment" like everyone says.

    Cons

    You may come into the industry with skills, but they wont be used. You may have hopes and desires, but these will be dashed. The only skill you develop is soft skills. Sure, there's value in soft skills. But why not just go into motivational speaking or HR? Why try your hand at finance?

    You will learn virtually nothing at this firm and you will leave with few skills and experience to cite than when you began the job.

    Money--let's be honest, it's one of the main reasons we enter into finance. Money, money, money. Cambridge will give you none of it. Pay is sub-standard (though it is in line with the skills required to execute the job).

    If you decide to join Cambridge, develop an exit strategy from day one. Get in for a year, get the name on your resume, then make your entry into real finance--not some cush job that can be completed by a high schooler.

    Advice to Management

    I wouldn't even know where to begin.


  10. Helpful (1)

    "Avoid if possible"

    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
    Disapproves of CEO

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

    Pros

    Provides professional certification subsidies. Friendly colleagues. Basic insurance coverage and pays salary on time.

    Cons

    Poor management and leadership. Investment team is a mess. Firm under hires and does not provide sufficient support to the team. Poor internal application and technology. Database info is poorly maintain and lack robustness. Not much investment decision made in house. Not much to learn when it comes to investment idea generation.

    Advice to Management

    Hire properly. Provide more support to OCIO and pay according to market rate. If not talent will leave.


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