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Cambridge Associates, LLC Reviews

Updated 21 October 2017
293 reviews

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293 Employee Reviews

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Pros
  • work life balance was very strong (in 52 reviews)

  • The opportunity to learn is there (in 15 reviews)

Cons
  • Long hours (hearing someone worked 90 hrs in a week is not surprising) (in 21 reviews)

  • Further exacerbated by the low pay (in 16 reviews)

More Pros and Cons

  1. "Poor Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA (US)
    Current Employee - Associate in Boston, MA (US)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great co-workers, terrible leadership

    Cons

    Management is non existent, constantly out for lunches happy hours, dinners on Cambridge' s tab. Rarely work 40 hour weeks.

    Advice to Management

    Be present, be an asset, treat your employees like human beings.


  2. Helpful (2)

    "IOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IOA in Arlington, VA (US)
    Former Employee - IOA in Arlington, VA (US)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Coworkers were really great and really bonded over the poor work environment. The office location is great!

    Cons

    No work-life balance whatsoever. No flexibility. No matter how hard you worked or how well you performed, management was never satisfied. The only reward for doing good work, is getting much more work. Team leads were expected to spend hours of their time tracking edits and errors and creating reports that focus on every little mistake or delay in data entry that their team members made instead of focusing on helping the team as a whole meet that day's goals. Team morale was severely low and the joke was that CA felt like adult day care because of how closely we were monitored and reprimanded.

    Advice to Management

    Respect and appreciate your employees. Treat them like an asset. Show appreciation and trust in your employees by offering a culture more focused on work-life balance.


  3. Helpful (1)

    "Great company to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    Great culture, smart co-workers, great pay and benefits

    Cons

    Sometimes politics gets in the way of getting things done


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA (US)
    Current Employee - Associate in Boston, MA (US)
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    The culture at CA is great.

    Cons

    The compensation at CA is below market.

    Advice to Management

    Pay the employees more. The work goes unnoticed.


  6. "Good place"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    great, young people. and fun

    Cons

    hours can be long and tough


  7. Helpful (6)

    "Overworked, exhausted, mismanaged associates"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Associate in Boston, MA (US)
    Former Employee - Investment Associate in Boston, MA (US)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - Good exposure to top tier managers
    - Lots of responsibility early on
    - The associates are wonderful, overworked, brilliant people
    - Engaging work

    Cons

    - Very low pay (60k with only bonus of 1-2k)
    - Long hours (hearing someone worked 90 hrs in a week is not surprising)
    - Very little diversity
    - Poor organizational structure. You are essentially working for 8 different teams that have no idea about the work load you've been given from your other teams...this can result in 18 hour work days and exhausted and depleted associates...oh and no overtime comp
    - I've seen multiple associates cry in the office due to exhaustion and being reprimanded for errors in their work following an all nighter in the office.
    - No support from management
    - Some morally questionable clients means sometimes your work is making bad people wealthier.
    - The top talent is leaving
    - The new CEO has cut resources to associates, and struggles to retain talent.

    Advice to Management

    Stop treating associates like they are dispensable. Pay people more, cap max overtime, and provide better incentives. Associates are the backbone of the firm- invest in them and listen do them.


  8. Helpful (4)

    "Great Start to a Career for 9 Months"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Investment Operations Analyst in Arlington, VA (US)
    Former Employee - Senior Investment Operations Analyst in Arlington, VA (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Cambridge Associates, LLC full-time (More than 5 years)

    Pros

    If you are just starting your career in finance, Cambridge is an excellent spot, at least for a little while. *Note that departments at Cambridge differ widely in culture.

    - You can learn a lot very quickly if you push yourself to keep learning/networking
    - You have access to the best investment managers in the world
    - You will work with intelligent people who are likely of your age group
    - It is nearly expected that you will take one of the financial exams (CFA, CAIA)
    - Exit opportunities include: IR, business school, endowment work, as well as moving to other fields
    - good benefits package

    Cons

    - Pay is tragically low for both the position and the industry.
    - The work becomes dreadfully boring and cyclical after about 2 quarters
    - The department is clearly being downsized due to automation though management is not transparent about it
    - The expectations for career advancement are not only moving targets, but they are undisclosed as well
    - Employee engagement is at a level where even the management team listens to music while they work
    - The department budget is completely secret, but must be shrinking because benefits such as sponsored book clubs and happy hours are long gone
    - All of these contribute to the unusually high turnover rate

    Advice to Management

    - When you do not have any transparency about the budget, but benefits disappear and people are laid off, people notice. Just because no one is telling you, does not mean they don't see what's going on
    - If people are laid off and remaining employees now have additional work to do, it may be a prudent time to show employees that you value them
    - We are a back office of a satellite office in a place with brutally hot summers, why do we need to wear business casual?
    - This is a textbook role for working remotely, which you may consider taking advantage of as a a low cost benefit
    - The high turnover means that it is easy to lose a sense of culture, perhaps help new hires integrate culturally in addition to learning about core work.


  9. Helpful (5)

    "Investment Operations Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Arlington, VA (US)
    Current Employee - Operations Analyst in Arlington, VA (US)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Everyone around you is a young professional

    Cons

    Low pay. No encouragement towards innovation and risk taking. Promotions work off of how long you've worked at the firm more than the actual work that you produce for the team. Management is very young so may not always know how to run a team effectively and efficiently. Little flexibility in terms of dress code and working hours. Lastly, zero support for career advancement.

    Advice to Management

    If salaries aren't going to increase, employees should at least get more flexibility with their schedules on top of other types of incentives that do not involve money. Also, a lot of employees would appreciate it if management reduced their micromanagement style.


  10. Helpful (1)

    "Investment Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Friendly working environment, collaborative, exposure to investing across different asset classes

    Cons

    Below-market compensation, unclear progression structure, unclear company direction/strategy


  11. "Amazing group of people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Cambridge Associates, LLC full-time

    Pros

    Generally smart employees, all with an energy and level of enjoyment that made work more tolerable.

    Cons

    The consultants on your accounts 100% dictate the experience you will have.


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