Cambridge Associates, LLC

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

Updated Apr 24, 2014
Cambridge Associates, LLC – Boston – “A global leader of investment advisory services”

All Employees Current Employees Only

4.2 20 reviews

100% Approve of the CEO

Cambridge Associates, LLC Chairman and CEO Sandra A. Urie

Sandra A. Urie

(16 ratings)

94% 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)

20 Employee Reviews Back to all reviews
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    Great firm

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

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

    ConsNot the highest pay in the investment world, but that goes for all consultants

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

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    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

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    Software Developer

    Software Engineer (Current Employee) Boston, MA (US)

    ProsNice team, and working environment

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

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    Fantastic experience at the firm.

    Anonymous Employee (Current Employee) Boston, MA (US)

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

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

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

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    Slow, clunky, lots of overhead

    Anonymous Employee (Current Employee) Boston, MA (US)

    ProsWell recognized name in the industry, very intelligent people.

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

    Advice to Senior ManagementDon'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.

    Yes, I would recommend this company to a friend

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    Cambridge provides great opportunities for personal and professional growth.

    Anonymous Employee (Current Employee) Boston, MA (US)

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

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

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    Great learning experience for somebody fresh out of college.

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

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

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

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

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

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    3 people found this helpful  

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

    Consulting Associate (Current Employee) Boston, MA (US)

    ProsPro
    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

    ConsEverything 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 Senior ManagementTake people's advice and do the opposite of what you're currently doing.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Great company with opportunities to grow

    Anonymous Employee (Former Employee) Boston, MA (US)

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

    ConsHard to jump to another group within the company.

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

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    • Approves of CEO

    1 person found this helpful  

    Great Firm

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

    ProsI had a great experience with Cambridge Associates. The firm has a very collaborative and collegiate culture. They train you extensively at the beginning. CA takes a lot of pride in the work it does for non-profit institutions, rightfully so.

    ConsI had a very positive experience as a Summer Analyst and during the 10 week internship did not encounter any 'cons'.

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

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