Junior Associate at Cambridge Associates??

Anyone know much about the Junior Associate role at C|A? It sounds pretty back-office to me. Along those lines, anyone got personal experiences with them? From what I've found on this site so far, it's kys.... but frankly, I only want to work for them this year so I can have some stuff to fill in my resume for MSF programs in 2014.....

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Generally, junior positions at Cambridge Associates are very data focused: collecting data, entering data, managing data, etc...most of that data deals with manager performance (hedge fund managers, PE managers, etc...). Cambridge has a pretty robust internal database that tracks manager performance across various strategies, which allows them to provide advice to pensions, endowments, etc...about selecting managers for capital allocation.

In the investment consulting/asset allocating space, the Cambridge Associate name is very well-respected. From a professional standpoint, a key issue to determine is whether you want to be focused on asset allocating (i.e., constructing asset class portfolios and then picking managers within those asset classes) or be the person that's directly involved in investing (i.e., a Cambridge Associates client, such as a pension, gives you/your fund money to manage and you invest that capital). Really just have to know yourself and figure out what you might enjoy/be good at.

I know lots of folks at Cambridge, albeit all are post-MBA client-facing consultants. They all love their jobs and the work they do. Compared to a bank, there is in general very little post-MBA level turnover at Cambridge. The junior roles, from what I understand, are designed to be around two years before going off to graduate school, other work, etc...

Cambridge Associates as an organization is known as a good place to work. That said, if their work is not what you'd like to do or doesn't get you closer to what you'd like to do, then probably not the right place.

 

After some time at CA + passing some levels of CFA, can you move on to an investment management role at another firm if you have interest in doing that?

 

Thanks for the answers guys.

@on the road, i hadn't thought of defining exactly what I'm looking to achieve (asset allocation or client investor). I'll have to think about that one.

@floppity, I didn't even know what manager selection was until you brought it up, did some research and learned about it. Thanks a lot dude.

@JayPNY, that is definitely something I would consider. If I can secure something that will give me a good path in which I can work my ass off, shine, and move on to a better role, then I definitely wouldn't even consider an MSF. That being said, I will have to feel my way around (if I get the job offer) and see where I'm at in a few months and make a decision

 

I found them to be terrible. I knew a senior manager there and before he was leaving, he said I'd be perfect for the team. I had solid experience in the area, etc. When the time came, the HR people gave me a standard response of no, this despite the outgoing manager arranging an interview for me before he left.

I applied since and again was turned down for absolutely no reason.

 
BoxerRebeller

I found them to be terrible. I knew a senior manager there and before he was leaving, he said I'd be perfect for the team. I had solid experience in the area, etc. When the time came, the HR people gave me a standard response of no, this despite the outgoing manager arranging an interview for me before he left.

I applied since and again was turned down for absolutely no reason.

Doesn't sound like OP has HR concerns.

 
peinvestor2012 BoxerRebeller:

I found them to be terrible. I knew a senior manager there and before he was leaving, he said I'd be perfect for the team. I had solid experience in the area, etc. When the time came, the HR people gave me a standard response of no, this despite the outgoing manager arranging an interview for me before he left.
I applied since and again was turned down for absolutely no reason.

Doesn't sound like OP has HR concerns.

True. Just giving him an opinion as to how the organisation works. Left me a little disappointed by their unprofessionalism.

 

Good. I got an interview there a while back, but I had 3 pe internships on my resume at that point. They seem to take a lot of less preftigious people on.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 
denwhatWhich group is it for? I ask because I know that they do have a few operations groups, which sounds like it may not be what you are looking for

Hi denwhat, it's for Manager information Group, what is there that I may not be looking for?

 

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