Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated 20 August 2014
Updated 20 August 2014
133 Reviews

3.6
133 Reviews
Rating Trends

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Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
94 Ratings

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)

More Highlights

45 Employee Reviews Back to all reviews

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  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 for more than a year

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    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 for less than a year

    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.

    Recommends
    Positive Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Great Company to start career

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

    I worked at Cambridge Associates, LLC full-time for more than 5 years

    Pros

    Great Benefit Package,
    Depending on position, you have great exposure to investment management from some highly skilled consultants.
    Wide array of tools to develop skills and career.
    Subsidized CFA exam fees, if pass
    Great atmosphere. Steady Work/Life balance.

    Cons

    Low Salary compared to profession.
    Associates do most of work, little to no recognition
    Different personalities, some consultants are better to work with than others
    Company is way behind when it comes to systems and technology.
    Feels as if the firm is very reactionary at time

    Advice to ManagementAdvice

    Employees love the promote with-in structure, but there needs to be a system in place to allow investment professionals to stay with CA and be promoted to next tier.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Associate Position - Menlo Park, CA

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Associates, LLC

    Pros

    For a recent college grad the associate position will give you a nice set of professional skills (client management, teamwork, and learning how to prioritize and meet deadlines ). If you work hard and gain the respect of managers, you will have more freedom to spend time doing research & advisory in asset classes that interest you the most.

    Cons

    The training program in satellite offices should be strengthened. Cambridge needs to provide better training on the nuances of the asset classes, more advanced modeling skills and all in all empower them to be more active contributors to client advisory. Especially if CA is going to continue to recruit students with non-finance backgrounds.

    Advice to ManagementAdvice

    While the starting salary for an associate is fine, year one and two raises need to bring salary to levels commensurate with other top tier consulting firms. This would meaningfully improve associate satisfaction and retention.

  6. 2 people found this helpful  

    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 for more than 3 years

    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 ManagementAdvice

    -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

    Recommends
    Negative Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Excellent experience where I learned a lot very quickly and had access to incredibly talented investment professionals.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Consultant  in  Arlington, VA (US)
    Former Employee - Associate Consultant in Arlington, VA (US)

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

    Pros

    Good work / life balance with opportunities to learn a lot about portfolio management quickly.

    Cons

    There is a ceiling on how high you can move up and the pay grades by department are a little skewed. Like most other finance jobs, associates do the leg work and don't get recognized for it.

    Advice to ManagementAdvice

    Incentivize young employees better so that you retain talent longer. Provide more career opportunities into middle management positions.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Smart colleagues, changing department with lots of opportunities, but long and unpredictable hours detract from job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Lead and Investment Performance Analyst  in  Arlington, VA (US)
    Current Employee - Team Lead and Investment Performance Analyst in Arlington, VA (US)

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

    Pros

    This is a changing firm and department with a relatively new management team (about a year tenure). The new management team is dedicated to the department and has put PRG on the right track. Employee engagement increased significantly with the new management team, which I felt was a big positive. Because of the changes there are lots of opportunities within the department to get noticed and grow. If you put yourself out there and get involved, then the managing team will notice you and reward you for your dedication. Colleagues are smart, and you get access to a lot of great research, as well as access to hedge fund and long-only managers. I think this is a good place for an entry level individual, as you will learn valuable skills and get access to really smart people.

    Cons

    The hours can be long and unpredictable, especially around 7-12th business days each month, depending on your client load. Also the ability to move elsewhere in the company isn't clear. If you are not entry level and have a few years of work experience, the growth potential is not as great as fresh out of college.

    Advice to ManagementAdvice

    Continue the plan to improve the department and keep engaging employees.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Good company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cambridge Associates, LLC

    Pros

    Good exposure to investments and great people to work with

    Cons

    Average compensation, lack of IT resources

  10.  

    Analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cambridge Associates, LLC

    Pros

    Good culture, good people, decent hours

    Cons

    Academic, limited exit opps, niche

  11.  

    Cambridge Associates was a great first job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Associates, LLC

    Pros

    You get the opportunity to work with intelligent, thoughtful, and hard working colleagues, who all have high integrity and want to do the best possible for their clients.
    For the industry, there is good work/life balance at Cambridge Associates.
    Your clients are some of the leading non profits in the country with sophisticated boards that are wonderful to work with.

    Cons

    It is challenging to move up internally, though not impossible, and it's a great launching pad for getting into top MBA programs.

    Recommends
    Approves of CEO

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