Cambridge Associates, LLC - Monotonous work, smart colleagues, not much room for advancement. | Glassdoor
There are newer employer reviews for Cambridge Associates, LLC
There are newer employer reviews for Cambridge Associates, LLC

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"Monotonous work, smart colleagues, not much room for advancement."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Investment Performance Analyst in Washington, DC
Current Employee - Investment Performance Analyst in Washington, DC
Recommends
Positive Outlook
Approves of CEO

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

Pros

Smart, hard-working co-workers. Plenty of internal company resources within the financial services industry that allow analysts to learn easily if interested. Sponsorship for the CFA and CAIA are also a nice perk.

Cons

Only a decent salary with not much room for growth. Job is highly cyclical, involves doing the same thing quarter after quarter. A lot of micro-managing within the firm.

Advice to Management

Need to find a way to give entry-level employees more room for growth within the firm so that they will want to stay for longer.

Other Employee Reviews for Cambridge Associates, LLC

  1. "Great company if you start in the right place"

    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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Cambridge Associates, LLC full-time (More than 8 years)

    Pros

    Collegial environment where you will quickly like your coworkers and not hate coming to work everyday.

    Cons

    Ceilings are apparent if you work in certain groups and the company as a whole is pretty siloed.

    Advice to Management

    Remember that in order to build for the future, you have to start with the people.


  2. Helpful (5)

    "Waste of Time"

    Star Star Star Star Star
    • 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?

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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