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. "Demoralizing unless you are C-Level"

    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
    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. "Junior Investment Performance Associate"

    Star Star Star Star Star
    • 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


  3. Helpful (2)

    "Past Employee"

    Star Star Star Star Star
    • 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


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  5. "Operations"

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

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

    Pros

    company culture, good hours, flexible schedule

    Cons

    lots of data entry and the work is repetitive/boring, lack of upward mobility within the department


  6. "Investment Associate"

    Star Star Star Star Star
    • 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


  7. Helpful (2)

    "Poor compensation and lack of career advancement makes it difficult after two years"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Research Associate
    Current Employee - Senior Research Associate
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 5 years)

    Pros

    -High quality exposure to investment managers
    -Looks good on the resume
    -Initial good experience, but fades as time wears on
    -Good work/life balance
    -Management is open to hearing your issues, but it often does not go past this.

    Cons

    -Poor compensation and lack of ways to motivate employees.
    -Lack of cross collaboration among research departments makes employees incredibly siloed.
    -Any advancement (at least in manager research) is just a recognition of work performed with no additional responsibility being given.
    -One of C|A's "pillars" is to "Attract, leverage, and retain the best talent", but management focuses solely on attracting and especially leveraging talent doing little to nothing to try and retain any talent despite saying that you are a valued member and they want to retain you.
    -Advancement is limited at best. The highest level someone can achieve comes with an 18 month commitment which does not contain any real additional responsibility or explanation as to why a commitment must be made.

    Advice to Management

    If you really wish to retain the talent that you have leveraged take steps to address compensation and benefit issues. Management is too worried about the profit sharing plan while ignoring fairly compensating lower level employees that are not granted access to the profit sharing plan. Additionally, have a clear plan on how you want employees to develop over their career and have clear responsibilities as you "promote" employees.


  8. Helpful (5)

    "Manager Information Group"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations - MIG in Singapore (Singapore)
    Former Employee - Investment Operations - MIG in Singapore (Singapore)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    As with other mid/back office roles, your job is to please everyone. The good thing in CA is that when you make a mistake, the management team tends to be very forgiving. The environment is encouraging and friendly (save for some competitive few who want to be part of the management team) - your strengths are appreciated and they will try to help you develop your weaknesses. Good for people who are interested to strive for designations such as CFA, CAIA, CIPM etc. as the company pays for those and you will have plenty of time to study.

    You will learn mainly soft skills (multi-tasking, communication etc.) and not technical skills - you do get some asset classes overview, strategies but they are extremely generic and nothing that you can ever apply in other firms. Hence, it is a good first step into the industry but my advise is to leave after a year or else you will get stuck.

    Cons

    There is really very limited things you can learn, and very minimal that is applicable out of the firm unless you are interested in investor relations. When you move on to taking on management positions, your task is more focused on people development i.e. have check ins with members of the team to ensure that everyone is doing fine, write extremely detailed reviews for your team, interviewing of candidates (you will spend hours a week doing so), develop excel trackers to ensure that everyone is doing their work etc. basically, you lose touch with learning any technical skills that will enable you to move on to other roles unless you are looking to go into HR.

    Culture is very sheltered, which is good for risk averse individuals who appreciate guidance, but is nothing like the "outside world". I felt like I was in school as we were highly encouraged to take part in auxiliary teams/ book clubs/ toast masters.

    The ability to talk will bring you far. People who are PC can survive well - if you don't believe it, fake it till you make it because that's the key to survival and doing well here.

    Advice to Management

    Hire externally so that there will be more creativity. Everyone thinks alike and are extremely risk averse. Be truly open to ideas - not just claim that you are. Management loves to say that all ideas are good ideas and claim that they will consider them but you will soon realise that they don't, they just give you the impression that they do (so do ask questions and raise points as it gives you brownie points but beware of asking questions that they struggle to answer).

    Stop being walking management books i.e. throwing management buzz words and quotes every now and then and then claiming that you and the firm embody such characteristics when after awhile you will realise that they don't- it will be good to have mentors/managers who speak from experience rather than those who just give us textbook answers to everything.


  9. Helpful (4)

    "go into ia role, not ops"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations Associate in Singapore (Singapore)
    Current Employee - Investment Operations Associate in Singapore (Singapore)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    - support for CFA, etc
    - supportive of people wanting to pursue further education like MBAs
    - happy teammates
    - good pay for the type of job
    - can go home on time most times
    - good insurance and other things like flex time

    Cons

    - inexperienced managers that promote based on favoritism (if you suck up, you can become a manager too even if you are the wrong fit... this needs t ochange)
    - office politics
    - career growth ceiling like someone else mention
    - not many transferable skills for ops staff due to nature of role
    - micromanagement in terms of your works and what makes you a good teammate
    -higher level managers dont care about ops

    Advice to Management

    - work on the management promoting system. dont just pick the ones youre close to.
    - think hard about how to keep good people. there is a brain drain happening
    - put more money in it. i heard that we spent a lot for the new website but nothing for the ops side. we overpaid because it didnt change anything except make it pretty now


  10. "Transition Employer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Analyst in Singapore (Singapore)
    Former Employee - Investment Operations Analyst in Singapore (Singapore)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Lots of interaction with the global offices (London, US), usually on a monthly basis.
    You will be given lot of responsibility quickly if you can prove that you can handle it
    Time between promotions is very, very short and almost guaranteed unless you're a visibly poor performer
    Company is accepting of all academic backgrounds and performances
    Amazing work life balance, work flexibility and hours

    Cons

    Very poor retention rate. No stays in the department from more than three years, most leave after two. Team loses experienced and intelligent employees and remaining members are overworked.
    Very few career opportunities within the firm.
    Repetitive, unchallenging work
    Below average compensation and bonus
    Almost no learning opportunities after the first month. Co-workers are mostly fresh out of college and management is young and inexperienced, neither can offer much value professionally.
    Other departments do not value the work you do

    Advice to Management

    Value employees better
    Provide better career development path


  11. Helpful (1)

    "Work for CA only if the job market is bad"

    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
    Negative Outlook
    No opinion of CEO

    Pros

    Good work life balance.
    Sponsorship for professional certificates like CFA

    Cons

    No transferable skills. Find it a struggle looking for external opportunities.
    Management is made up of people who are very new in their careers. In banks AVP are given to those who have been working in the industry for 5 years or so. Here you could become an assistant managers with a few years of experience. Management team really lacks experience.
    High attrition rate. As a result the team is relatively new and lack working experience.


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