- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at Cambridge Associates, LLC (More than 10 years)
Great Company to work for.
none that I know of
Cambridge has great people and I learned a lot working there.
I was old and everyone I worked with was pretty young
Strong entry level position with growth opportunities. Management is open and willing to discuss career progression. Teaches good transferable skills.
Meritocracy versus tenure based which can lead to lack of understanding on progression
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I have been working at Cambridge Associates, LLC full-time (Less than a year)
Cambridge is the top institutional investment advisor in the US (and possible the world), that name recognition it itself is priceless. But the firm is really focused on employee development and engagement as well which makes for a great combination.
The position of performance reporting can be a bit repetitive, but the exit opportunities that come from the job make up for this. Most people go on to work for a top investment firm or go to a top 20 MBA.
Advice to Management
Higher salary for entry level, salary becomes competitive after first promotion at 6 months. But those first 6 months can be disappointing when it comes to salary. Although, overtime is a nice pro when it comes to salary.
I worked at Cambridge Associates, LLC full-time (More than 3 years)
-Management is incredibly supportive of their employees.
-Close bonds are forged between employees and management.
-D&R has an entrepreneurial spirit that contradicts what you might expect from a large financial institution.
-There are always opportunities to get involved. Inspires personal and professional growth by empowering employees to decide when and how they want to get involved in these opportunities and make valuable contributions.
-Open lines of communication between management and their employees--they want to know how to best serve you as their employee and help them develop.
-Opportunities to interact with a number of different groups within the firm from within D&R.
-Although the career trajectory in PRG levels off at Senior Analyst, there are opportunities to move into a new role within Cambridge, and management is supportive of helping you as the employee find your niche (both while working in D&R and when starting to think about moving outside of the group).
-Opportunity to work on complex client relationships, hone strong relationship building, communication, and organizational skills.
-Incredible flexibility and great benefits.
-Instrumental in developing core professional skills.
This isn't a con as much as a comment and piece of advice:
-If you allow yourself to get bored or discouraged, the core work at times can be boring and discouraging. There are many opportunities available to employees of all tenure levels to pursue to mitigate the feelings that may arise for some employees as a function of the cyclical nature of the core work. Get involved in these opportunities.
Advice to Management
Even though it's important to be cohesive as a management team, work towards your strengths! If one manager's preference is more towards projects, help them manage people who are most interested in projects so that they can collaborate and learn from one another. If another manager's preference is people, allow them to manage the people centered projects. The management team already does a good job of doing this, but I think it's important to keep it in mind so that management can continue feeling valuable and employees can continue to grow.
- Great deal of responsibility given early in an associate's career
- Extensive training program upon starting
- Continued/advanced training sessions
- Great attention paid toward associates' professional develop and career goals
- Broad exposure to a variety of types of clients and asset classes, with opportunity to specialize later
- Salary not as generous as management consulting
- During busy cycles, hours can be long (i.e. 60+ hours/wk)
- Can only advance to consultant role with an MBA or CFA designation
Advice to Management
- Aim to hire a more diverse associate pool
- Consider increasing associates' salary to become more competitive
- Reevaluate the work/life balance of the associate group
Environment that supports and encourages employees to work at their highest potential. Thorough interview processes which seems to ensure employees are well suited for the job at hand. Very positive environment to work in.
The firm could do a better job at ensuring entry level associates are provided with real opportunities for career advvancement.
There are a number of great reasons to work at Cambridge. For starters, it is a reputable firm that works hard to provide job security, as it did in 2008 when other companies had lay-offs left and right. Second, benefits are great. Speaking more to the job specifics, Cambridge provides an atmosphere where you will thrive if you enjoy the work you do and take pride in your work.
Frequently requires long hours and communication can can be indirect at times.
I have been working at Cambridge Associates, LLC full-time (More than a year)
Overview of the entire investment industry
Meetings with the best managers
Salary is lower than I-Banking
Hours can get long
Can be stressful
Advice to Management
I have been working at Cambridge Associates, LLC full-time
- Energetic and collaborative environment
- A great place to learn about investments more broadly than the banks
- Employee development focuses on developing strong business acumen rather than a singular task mastery
- The company seems to pride itself on promoting from within
Longer working hours seem to be cyclical; it depends on the time of year or month and varies by department. The longer work days are generally balanced with days that end at an earlier hour.
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