Cambridge Associates, LLC

www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated 15 March, 2015
26 reviews filtered by
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3.3
26 Reviews
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Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
17 Ratings

26 Employee Reviews

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  1. Helpful (2)

    Review of Associate Role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consulting Associate in Boston, MA (US)
    Former Employee - Consulting Associate in Boston, MA (US)

    I worked at Cambridge Associates, LLC full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    - Great People, and strong academic culture for those interested in learning more about investments.
    - Good benefits (401k, Insurance, PTO)
    - CFA Reimbursement / Top-Notch grad school opportunities make the Associate experience a great career-starter.

    Cons

    - Lower than average comp for hours worked has resulted in higher turnover at the Associate level. It also (seemingly) strains recruiting efforts, as top candidates go to better-paying firms.
    - Experience on the consulting side is 100% determined by the Directors you are staffed on clients with.
    - Little motivation to outperform; top performers are simply given more clients and eventually burnt out by overstaffing.
    - Management is slow-moving on strategic decision-making and seems uninterested in having a transparent discussion about the direction of the firm. The last Glassdoor review that constructively assessed these misalignments was promptly deleted. I think this speaks to the attitude of those at the top.

    Advice to Management

    - Hire more employees at different entry levels (ex] hire from outside rather than simply promote from within)
    - Recognize that it will be an upward battle to continue to retain talent if compensation packages remain where they are.

  2. Great place to start a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consulting Associate in Boston, MA (US)
    Current Employee - Consulting Associate in Boston, MA (US)

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    the people, the research, the ability to meet with industry leading investment managers

    Cons

    pay relative to hours worked is not competitive. develop plenty of soft skills but few hard skills.

    Advice to Management

    pay more or hire more to decrease the analyst-level workload

  3. Helpful (2)

    If you didn't attend an Ivy League school, you won't fit in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Human Resources Generalist in Boston, MA (US)
    Former Contractor - Human Resources Generalist in Boston, MA (US)

    I worked at Cambridge Associates, LLC as a contractor (more than a year)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    The friendly administrative staff. The office was accessible by mass transportation.

    Cons

    Elitist attitude
    Top management gets rich while the bottom layer struggles to survive.

    Advice to Management

    Bring in new management. You've made enough to retire twice.

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  5. Helpful (1)

    Great experience overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Performance Junior Analyst in Boston, MA (US)
    Former Employee - Investment Performance Junior Analyst in Boston, MA (US)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company for a first job out of college. Started in a class (of which I made great personal/professional friends), great training program, great reputation in the institutional investing world, great published resources for continued personal/professional development, paid for CFA (assuming you passed ;). I was recruited to my next job specifically because of my experience at CA.

    Cons

    Fair amount of turnover at the junior level, people generally stay for 1-3 years then leave, not great opportunities to move to higher up positions (ie consultants) unless you have your MBA/CFA

    Advice to Management

    Find ways to make the work more interesting so young people dont get bored, find ways to educate and promote from within

  6. Helpful (1)

    Review of C|A- IT employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Desktop Support Analyst in Boston, MA (US)
    Current Employee - Desktop Support Analyst in Boston, MA (US)

    I have been working at Cambridge Associates, LLC full-time (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    -Very collegial atmosphere
    -Bonus offered on a yearly basis

    Cons

    -IT department has no leadership
    -Very high turnover rate
    -Compensation is below average
    -Be prepared to wear 'many hats'. Too much needs to be done with very little
    -HR department just passes on information, they are not very helpful

    Advice to Management

    More emphasis needs to be placed on rewarding employees who are consistent in providing positive results and consistently gets positive feedback. Maybe this will help lower the turnover rate as well.

  7. Great people, above-average work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Boston, MA (US)
    Former Employee - Anonymous Employee in Boston, MA (US)

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Generally a very can-do culture and most everyone was motivated and willing to share time and knowledge.

    Cons

    Compensation was not terrific although benefits were above average. Low degree of internal mobility especially for those in operations oriented positions. Not a realistic possibility to jump over to consulting roles without MBA or CFA.

  8. Helpful (3)

    Great culture/learning opportunities, but non-competitive salary for hours demanded

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consulting Associate in Boston, MA (US)
    Former Employee - Senior Consulting Associate in Boston, MA (US)

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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    -Culture is great--firm-wide outing, good benefits (vacation time is generous), friendly team-centric atmosphere
    -Lots of young people in associate/analyst roles makes for a social firm
    -PD is highly encouraged--opportunity to attend and present at client meetings early on, business schools present at the office, attending manager meetings is encouraged and open to all
    -Opportunity to learn about all asset classes and work on many different client types
    -Associates who want to go onto business school get into top ten schools regularly and the CA name is well known and respected, at least in Boston

    Cons

    -The salary is not competitive in the finance or consulting industries, and while the entry level salary is okay, the promotion increases and bonuses are basically non-existent which can be demoralizing
    -While the Associate group is very social and bonds quickly over the long hours, at times morale can be low among the group because the pay is really not commensurate with the hours expected and frustration breeds
    -Promotions are decided by "peer" leaders, who read the feedback from the consultants you work with and then summarize it and present it to you. This quickly becomes a popularity contest and puts an unnecessary "middle man" in the feedback loop.

    Advice to Management

    -Increase the pay jump for the promotion between Consulting Associate and Senior Consulting Associate
    -Recognize that burnout is a real threat to providing high quality service to our clients, and don't trim the number of Associates when you think about tightening the budgets--a small trim makes a real negative impact on the group and on our work/life balance
    -Don't cut the auxiliary team opportunities as Associates are more in demand on client work--this is a major recruiting draw for undergraduates coming out of college and is valuable to both their PD and the firm, as they provide marketing, Excel, Recruiting, etc. support

  9. Great firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consulting Associate in Boston, MA (US)
    Former Employee - Senior Consulting Associate in Boston, MA (US)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good culture, well-respected firm and good work-life balance

    Cons

    Not the highest pay in the investment world, but that goes for all consultants

  10. Software Developer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Boston, MA (US)
    Current Employee - Software Engineer in Boston, MA (US)

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

    Pros

    Nice team, and working environment

    Cons

    Not so latest technology due to the financial platform, they are not a big fan of what is the latest technology.

  11. Fantastic experience at the firm.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Boston, MA (US)
    Current Employee - Anonymous Employee in Boston, MA (US)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Senior staff invests in professional development of junior employees; great culture

    Cons

    Can't think of any--this is a phenomenal place to build a career.

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