Cambridge Associates, LLC

  www.cambridgeassociates.com
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Cambridge Associates, LLC Reviews in Boston, MA

Updated 4 August 2014
Updated 4 August 2014
130 Reviews

3.6
130 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Cambridge Associates, LLC Chairman and CEO Sandra A. Urie
Sandra A. Urie
92 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

21 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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)

    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
  2.  

    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)

    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

    Recommends
    Positive Outlook
    Approves of CEO
  3. 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)

    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
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  5.  

    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)

    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.

  6.  

    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)

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Cambridge provides great opportunities for personal and professional growth.

    • 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)

    Pros

    There are lots of very nice, intelligent, hard working, motivated people.

    Cons

    There is a lack of vision and leadership by senior management. It is a very insular team with too much group think.

  8.  

    Slow, clunky, lots of overhead

    • 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)

    Pros

    Well recognized name in the industry, very intelligent people.

    Cons

    Really slow to change, lack of investment in technology makes everything 10 times harder to complete

    Advice to ManagementAdvice

    Don't wait until it's too late to make investments in technology. The firm is paying for the lack of investment from the last 5-10 years.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Great learning experience for somebody fresh out of college.

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

    Pros

    Broad exposure to various asset classes, get to work with many smart and talented peers and senior team members, generous benefits including paid time off

    Cons

    Compensation is on the lower end of the spectrum, work can become repetitive after a few cycles

    Advice to ManagementAdvice

    Monitor and manage staffing situation better so that associates are not prematurely assigned to new clients before having a chance to fully evaluate capacity.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    A Place for Average People to Have a Sedentary Career in Finance

    • 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)

    Pros

    Pro
    Exposure to over 30 years worth of private equity, venture capital, hedge fund, and public market data that cannot be rivaled.

    Caveat-
    You will have to hunt for this information, though, as is the IT and internal software does not make it easy to find or couple relevant data streams to eachother.

    Pro
    The people of Cambridge are generally good, nice, amicable people

    Con
    It's all an act. The illusion of professionalism masquerading as professionalism itself

    Cons

    Everything ties back to the salaries that Cambridge pays, which discourage talent from staying and doesn't attract new talent from joining....

    Cambridge's organizational infrastructure was designed by Rube Goldberg; a company full of middlemen that shuttle hot potatoes.

    Client's are dropping Cambridge on a nearly weekly basis.

    Management is filled with people who's primary skill is loyalty to Cambridge, not true business line acumen.

    Knowledge is so compartmentalized that no one - even at the board level - knows what's going on.

    Consultants are more like waiters than subject matter experts. They sell the same products and managers to all of the clients, negating the tales of personalized portfolio tailoring that they advertise.

    Cambridge is a chronic overpromiser and underdeliverer to clients, employees and itself.

    Advice to ManagementAdvice

    Take people's advice and do the opposite of what you're currently doing.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Great company with opportunities to grow

    • 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)

    Pros

    Well managed. Good work-life balance. Opportunities to work with talented colleagues.

    Cons

    Hard to jump to another group within the company.

    Recommends
    Positive Outlook
    Approves of CEO

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