Cambridge Associates, LLC - Waste of Time | Glassdoor
There are newer employer reviews for Cambridge Associates, LLC
There are newer employer reviews for Cambridge Associates, LLC

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Helpful (5)

"Waste of Time"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Research Associate in Washington, DC
Former Employee - Research Associate in Washington, DC
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

Pros

Benefits. Excellent benefits including health, transportation, etc.

Cons

- Degradingly low pay. Even at the manager-level of the data department it is a wonder how they can support their families on their level of pay.
- No exit opportunities. While you do learn many "soft skills" that's all you'll learn. Any other skills are Cambridge-specific according to their proprietary databases and utilities. Whatever transferable skills you do learn are very hard to show on your resume.
- Micro-managing managers. In the Manager Information Group much of your time is spent on status reports for the next person up...who is spending much of their time on status reports for next person up...etc. etc. etc. At the end of the day you have managers who think they know about each employee but are actually naive. A non-hierarchical structure would serve the organization better. Finally, all reports go to the department head who is never around anyway. Once every six months you'll see him getting coffee before he ducks away into his office. Its basically like the department head doesn't exist--though he is worshiped throughout the department.
- Awful performance reviews. To their credit, management is truly trying to improve performance reviews....but I've been told that it's been four years and they don't have much to show for it. Managers are not specific enough when it comes to what is needed for a promotion or how you can improve. They'll use some general language related to MIG's "values" and say how you lack a value. When asked for specific examples, they ramble off in unrelated general thoughts.
- Misleading job descriptions. The word "research" is flexible but has a generally definable semantic scope. This position includes nothing remotely close to "research". Don't be mislead from the title--you will not provide unique insights into relevant matters. Process improvement and "self-audits" are NOT research!
- Mind-numbing work. The good thing is that the Manager Information Group is gaining respect within the firm. The bad part is that this does not change the content of your work. Its true that the department gains more "business" from internal stakeholders...but it just leads to more abuse by the consulting and research departments who actually do work that is somewhat meaningful. Your work will be divided into three categories: (1) process improvement--related to the department's operations, tracking utilities, etc. (2) status reporting, and (3) data entry. The latter two take up way too much time for a department that prides itself for being efficient. The first, process improvement, is not nearly as exciting as it might sound. Basically, you need to constantly reinvent utilities and processes because management/the firm is too cheap to invest in long-term solutions (which would cannibalize our department).

Advice to Management

Re-think incentive structures. You'll need to pay up to have a decent back-office operation. 5% bonus cap? Really?

Other Employee Reviews for Cambridge Associates, LLC

  1. "Great learning experience for somebody fresh out of college."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consulting Associate in Boston, MA
    Current Employee - Senior Consulting Associate in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Broad exposure to various asset classes, get to work with many smart and talented peers and senior team members, generous benefits including paid time off

    Cons

    Compensation is on the lower end of the spectrum, work can become repetitive after a few cycles

    Advice to Management

    Monitor and manage staffing situation better so that associates are not prematurely assigned to new clients before having a chance to fully evaluate capacity.


  2. Helpful (1)

    "Decent but should be better"

    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
    Negative Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time (More than 3 years)

    Pros

    Cambridge is a great name to have on your resume as other companies in the investment management space really respect the firm. You do learn a lot about the industry and have access to some very smart people.

    Cons

    Cambridge does not pay very well at all. They consistently talk about retaining top talent and the easiest way to do that it to pay them, Cambridge does not agree. They continue to hire every year despite need so redundancy is a real problem. There is virtually no way to move up to be a consultant unless you leave to work for another firm or get your MBA; however, once you've done that you don't want to come back to work for the salary that Cambridge offers.

    Advice to Management

    There needs to be a very clear way to move up in the firm without leaving. If you want to retain the top talent, cultivate that talent when it is recognized. Pay more, people will put up with a lot of the office politics (and there is a ton there) and unimpressive managers if they are compensated accordingly. There also needs to be some accountability for superiors.

There are newer employer reviews for Cambridge Associates, LLC
There are newer employer reviews for Cambridge Associates, LLC

See Most Recent

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