Cambridge Associates, LLC Reviews | Glassdoor

Cambridge Associates, LLC Reviews

Updated May 25, 2017
274 reviews

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Full-time Part-time

274 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 (6)

    "Back-stabbing culture"

    Star Star Star Star Star
    • 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"

    Star Star Star Star Star
    • 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"

    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
    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.


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  5. Helpful (3)

    "MIG- Seriously Think Twice"

    Star Star Star Star Star
    • 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.


  6. "No respect for anyone not a consultant"

    Star Star Star Star Star
    • 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


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

    Star Star Star Star Star
    • 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.


  8. Helpful (2)

    "This is no place for advancement, unless you have an MBS"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Arlington, VA
    Former Employee - Administrative Assistant in Arlington, VA
    Disapproves of CEO

    Pros

    The people. The comradry between the workers is amazing. Management (Consultants and above) do not support their people, so the staff gives the support.

    Cons

    There is no communication in the company. I know of many people who left the company, and their emails are still active, and an announcement was not sent. There is little recognition at Cambridge. Those who pass the CPA are not acknowledged, nor are daily achievements. Money is the bottomline- and that is all that matters. This past Administrative Professionals Day, the staff was given a Chipotle lunch- management did not acknowledge their contributions.

    Advice to Management

    I would suggest that communication be better. Both negative and positive feedback, when needed, should be given when events occur, not on a yearly basis.


  9. Helpful (2)

    "Decent work experience, terrible pay."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Associate in Arlington, VA
    Former Employee - Investment Performance Associate in Arlington, VA
    No opinion of CEO

    Pros

    Investment consulting experience. Lots of exposure to largest institutional investors. Cambridge offers a good entry level job for young professionals interested in the investment business. Cambridge experience also looks good on the resume if applying to graduate school. Promotions come easily and are based more on time at the firm and less on performance.

    Cons

    Compensation is very low. Benefits are OK. Most employees could probably find jobs paying 50-100% more than Cambridge pays with investment managers or in other financial services fields

    Advice to Management

    No advice for senior management.


  10. Helpful (4)

    "Pick this job if your idea of finance is data entry."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Performance Associate in Arlington, VA
    Current Employee - Investment Performance Associate in Arlington, VA
    Approves of CEO

    Pros

    -Great company.
    -Excellent name, especially with Grad schools.
    -You can make the job sound better than it is.
    -The knowledge that other departments do really cool work.
    -Department is great if you love data entry.
    -Company pays for CFA exam and most of the cost for materials (if you pass)

    Cons

    -Extraordinarily boring work, and it never really gets a lot more interesting: As an associate you enter data. As a senior associate you oversee four people entering data and perform lots of admin tasks. As an analyst you proof associates' data entry.
    -Investment Performance reporting group is a pariah department in the company.
    -Internal transfers technically require 13 months, but in reality you'll need 24-30 months to be -looked at.
    -Poor department management.
    -Excessive busywork, lots of admin.
    -Young, inexperienced managers.

    Advice to Management

    Keep up the good work with the company as a whole. Give the Investment Performance Reporting department some more love, even if it isn't a profit center.


  11. "Great work/life balance but boring day to day"

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

    Pros

    Absolutely the work life balance is the best part. Coming right out of college you make pretty good money (50K) for the number of hrs worked (45 hrs per wk). Great if you only have to support yourself, particularly because of benefits.

    Cons

    there isn't enough responsibility given in order to think analytically. It's almost all data entry despite what they say on interview day. It is difficult to take what you do here and apply it to a next job. You would almost assuredly have to go to business school.

    Advice to Management

    My advice would be to be more honest during the interview process. A lot of people leave because they don't know what they are getting themselves into. Almost everyone from the 2008 class has already left.


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