Cambridge Associates, LLC
3.5 of 5 112 reviews
www.cambridgeassociates.com Boston, MA 1000 to 5000 Employees

Cambridge Associates, LLC Reviews

Updated Apr 16, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

3.5 112 reviews

                             

93% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(84 ratings)

69% of employees recommend this company to a friend
112 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "Flexible hours, good work/life balance, very friendly people to work with"
    in 18 reviews
  • "Broad exposure to asset classes, especially in Alternatives"
    in 12 reviews
Cons:
  • "Long hours during peak periods, work can sometimes be repetitive"
    in 11 reviews
  • "status reporting, and (3) data entry"
    in 8 reviews
  • Show more review highlights

Reviews

 

Good company to start work at

Anonymous Employee (Current Employee)

I have been working at Cambridge Associates, LLC full-time

Prosprofessional culture that is good for a fresh grad

Consrepetitive work at the associate level. need an mba to progress

Advice to Senior Managementmake work more interesting

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Satisfied

Anonymous Employee (Former Employee)

I worked at Cambridge Associates, LLC

ProsWorking culture is perfectly acceptable.

ConsWorking hours can be a stretch.

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

Investment Performance Analyst (Current Employee)
Washington, DC (US)

I have been working at Cambridge Associates, LLC full-time for more than a year

ProsSmart, 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.

ConsOnly 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 Senior ManagementNeed 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.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good place to start out

Consulting Associate (Current Employee)
Singapore (Singapore)

I have been working at Cambridge Associates, LLC full-time for more than a year

Pros-Broad exposure to asset classes, especially in Alternatives
-Teamwork-orientated culture
-Flat hierarchy

Cons-Culture that does not incentivize individual outperformance
-lack of exit options vis-a-vis other roles
-lack of a progression plan

Advice to Senior Management-reorganize incentive scheme to retain top talent and cut 'deadweight' laggards
-put together a clear and definable progression plan

Yes, I would recommend this company to a friend

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Satisfactory Place to Work

Anonymous Employee (Current Employee)

I have been working at Cambridge Associates, LLC full-time for more than 10 years

ProsGood health plan, casual atmosphere. Parking and subsidized metro. Creature comforts attended to.

ConsNon-competitive salary, limited promotion potential, biased compensation structure. Demoralizing in expectations at times. Little to no interaction among departments - very compartmentalized organization. Becoming much more a company of isolated groups. Core support groups only in Boston office - limits some growth opportunities.

Advice to Senior ManagementStronger emphasis on support staff could result in better work quality and loyalty and drive to enhance/improve processes.

No, I would not recommend this company to a friend

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Great company if you start in the right place

Anonymous Employee (Current Employee)
Arlington, VA (US)

I have been working at Cambridge Associates, LLC full-time for more than 8 years

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

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

Advice to Senior ManagementRemember that in order to build for the future, you have to start with the people.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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4 people found this helpful  

Waste of Time

Research Associate (Former Employee)
Washington, DC (US)

I worked at Cambridge Associates, LLC full-time for more than a year

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

No, I would not recommend this company to a friend

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Decent but should be better

Anonymous Employee (Former Employee)
Arlington, VA (US)

I worked at Cambridge Associates, LLC full-time for more than 3 years

ProsCambridge 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.

ConsCambridge 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 Senior ManagementThere 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good company, but entry level jobs are not that great

Junior Research Associate (Former Employee)
Arlington, VA (US)

I worked at Cambridge Associates, LLC full-time

Pros-Management values hard work and supports professional growth
-Helpful and genuinely caring coworkers
-Good for recent college grads because everyone is in their early 20s
-Great benefits and HR team
-The values of Cambridge and the work they do really are wonderful

Cons-Misleading job descriptions: you do no research or anything qualitative, just math and data entry
-Really not for liberal arts majors
-Limited amount of growth opportunity
-Management seriously micromanages

Advice to Senior ManagementRelax; you don't need to do what employees do every hour, there does not need to be a checklist for everything, and no one needs performance reviews every month.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great learning experience for somebody fresh out of college.

Senior Consulting Associate (Current Employee)
Boston, MA (US)

I have been working at Cambridge Associates, LLC full-time for more than 3 years

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

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

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

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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