Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews

Updated May 25, 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)

43 Employee Reviews Back to all reviews
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    1 person found this helpful  

    Great Company to start career

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

    ProsGreat 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.

    ConsLow 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 Senior ManagementEmployees 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.

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

     

    Associate Position - Menlo Park, CA

    Anonymous Employee (Former Employee)

    ProsFor 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.

    ConsThe 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 Senior ManagementWhile 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.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

    1 person found this helpful  

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

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

    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 Senior 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

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    1 person found this helpful  

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

    Associate Consultant (Former Employee) Arlington, VA (US)

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

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

    Yes, I would recommend this company to a friend

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

    Team Lead and Investment Performance Analyst (Current Employee) Arlington, VA (US)

    ProsThis 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.

    ConsThe 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 Senior ManagementContinue the plan to improve the department and keep engaging employees.

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

     

    Good company

    Anonymous Employee (Current Employee)

    ProsGood exposure to investments and great people to work with

    ConsAverage compensation, lack of IT resources

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    Cambridge Associates was a great first job.

    Anonymous Employee (Former Employee)

    ProsYou 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.

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

    Yes, I would recommend this company to a friend

     

    Analyst

    Anonymous Employee (Current Employee)

    ProsGood culture, good people, decent hours

    ConsAcademic, limited exit opps, niche

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    Good place to start if interested in Finance

    Client Operations (Current Employee) Arlington, VA (US)

    ProsLots of young professionals
    Challenging/Interesting work

    ConsTechnology is outdated for needs of company
    Pay is lower than expected

    Advice to Senior ManagementFix Technology

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

    • Culture & Values
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    • Approves of CEO

     

    Great entry level job with good benefits

    Research Associate (Current Employee) Arlington, VA (US)

    ProsVery casual atmosphere, a lot of really nice people to work with.

    ConsThe pay is slightly below competitors and there is fairly high turnover among junior employees

    Advice to Senior ManagementPay more to facilitate better retention

    Yes, I would recommend this company to a friend

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