Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated Jul 21, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

3.5 125 reviews

93% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(91 ratings)

71% of employees recommend this company to a friend

Review Highlights

Pros
  • For the industry, there is good work/life balance at Cambridge Associates(in 22 reviews)

  • Opportunity to learn about all asset classes through due diligence on top investment managers, research, etc(in 14 reviews)


Cons
  • Long hours during peak periods, work can sometimes be repetitive(in 12 reviews)

  • status reporting, and (3) data entry(in 8 reviews)

125 Employee Reviews
Relevance Date Rating
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    • Culture & Values
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    A challenging and enriching career starter with a focus on people development and quality output.

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

    ProsCollegial environment, cross-collaboration with groups/departments, human capital and people focused, open-door policy management style, pairing interests and talents with projects, feedback focused and driven by constructive criticism

    ConsConservative compensation, strict recruiting specifications

    Advice to Senior ManagementDo not give up on the model of tapping talent for projects for the right employee it can be very empowering. Do continue to gather feedback on interests and have employees drive career path, but acknowledge when some individuals need the request or extra push.

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

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    Great place to start out with good benefits

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

    ProsCollegial and casual atmosphere with great benefits (medical, dental, etc.) as well as a good work/life balance in most departments.

    ConsCareer progression is unclear or non-existent.

    Advice to Senior ManagementTake more time to invest in all employees exhibiting potential, not just a few. Management should find a way to create growth and advancement opportunities for entry level employees so that they can cultivate talent and retain institutional knowledge. At the very least they could offer useful and directional advice based on the employees skills and interests.

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

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    Cambridge Associates is a great place to start a career in finance

    Anonymous Employee (Current Employee)

    ProsFocus on learning, team oriented, good benefits

    ConsThe career progression is considered unclear by some

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

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    Good company to start work at

    Anonymous Employee (Current Employee)

    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

    • Culture & Values
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    Satisfied

    Anonymous Employee (Former Employee)

    ProsWorking culture is perfectly acceptable.

    ConsWorking hours can be a stretch.

    • Culture & Values
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    • Approves of CEO

     

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

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

    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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    • Approves of CEO

     

    Good place to start out

    Consulting Associate (Current Employee) Singapore (Singapore)

    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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    • Approves of CEO

     

    Great company if you start in the right place

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

    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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    • Disapproves of CEO

    4 people found this helpful  

    Waste of Time

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

    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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    • Approves of CEO

     

    Satisfactory Place to Work

    Anonymous Employee (Current Employee)

    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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