Vanguard Investments Australia
3.2 of 5 23 reviews
www.vanguard.com.au Melbourne, Australia 5000+ Employees

Vanguard Investments Australia Reviews

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3.2 23 reviews

                             

100% Approve of the CEO

Vanguard Investments Australia Managing Director John James

John James

(1 ratings)

56% of employees recommend this company to a friend
15 Employee Reviews Back to all reviews
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    A great organization, thanks for thinking of the client

    Sales (Current Employee)
    Melbourne (Australia)

    ProsGreat purpose and they want to do the right thing. Working for a global company has lots of benefits. Very long term in thinking.

    ConsOnly 300 crew so promotions can take longer than a big bank but far less politics. Lots of change as they go global, so lots of early. Calls.

    Advice to Senior ManagementDon't let poor performers get away with not performing

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

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    What's all the fuss?

    Anonymous Employee (Current Employee)

    ProsLow stress, career development, lots and lots of opportunity to learn and increase your investment knowledge. Nice people. Fun people.

    ConsCareer development is in the employee hands. You must be a self-starter at Vanguard to advance. The pay is low when you're on the phones; but improves when you advance off the phones and into higher level investment positions.

    Advice to Senior ManagementGet to know your crew.

    Yes, I would recommend this company to a friend

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    Not for Everyone, but Great for Me

    Anonymous Employee (Current Employee)

    ProsFair treatment of employees, reasonable policies, strong commitment to ethics, commitment to development and training, keeping costs low helps save jobs during times of economic disturbance, commitment to diversity, decent benefits, very friendly people (almost too nice!), free graduate degrees, team-oriented environment, complaints are taken seriously, strong customer focus, doing the right thing is always rewarded, I am always proud to say I work at Vanguard

    ConsThe pay isn't spectacular. If money is your primary motivator, it might not be the place for you. Vanguard is a "pay for performance" company, so there are good raises and bonuses to be had, but you'll have to work your tail off for them. If you're OK with a decent salary, challenging work, opportunities for unlimited lateral transfers, a free MBA/CFP/CFA, and a comfortable, friendly work environment, and you're willing to trade that for the fast-track to promotions and six figures, it's a great place.
    The "nice" culture does let lower performers slide for a while, and that gets annoying. There is a lot of bureaucracy and levels of approval for seemingly trivial things. Dress code is outdated.

    Advice to Senior ManagementOverall, management is doing a great job. Trust your employees and managers more. We know what we're doing, and we work here because we're ethical. If we were greedy crooks, we'd work somewhere else that paid more.

    Yes, I would recommend this company to a friend

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    Vanguard is a fair and highly ethical company to work for

    Manager (Current Employee)

    ProsVanguard has a unique culture of loyalty to clients and employees. It is a very conservative company and well run. Vanguard is known for low expenses to help their clients keep more of their investment returns. I can attest to that philosophy - We truly watch every penny. In fact, you will never see an employee of our firm riding first class on an airplane. It is always coach for us. By being conservative, I don't think we ever laid off any of our employees. Despite the turmoil on Wall Street, we were not really impacted except for some belt-tightening.

    ConsVanguard offers stable employment, but you will definately not get rich working there. No huge bonuses and our salaries are somewhat below industry average. While the benefits are still reasonable, they are not as good as they used to be.

    Advice to Senior ManagementStay true to the loyalty of your clients and employees.

    Yes, I would recommend this company to a friend

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    Vanguard

    Anonymous Employee (Current Employee)

    ProsOpportunity to move around company. Decent benefits. Onsite conveniences. Company has never laid off. Keeps investors in mind all the time.

    ConsCompensation program changed this year so that next year we'll potentially earn less. Long time employees not recognized the same for years of service. College new hires arriving at a very high salary compared to long times. Boys club.

    Advice to Senior ManagementAssess employees on all skills, not just technical. Rudeness abounds in employee to employee contact - yet these crew are recognized as more effective although they lack half the skills as others. The ability of higher ups to communicate and treat crew fairly is a huge opportunity area. Your employees are not leaving to pursue school. They're leaving for other jobs.

    Yes, I would recommend this company to a friend

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    A satisfactory place to work

    Anonymous Employee (Current Employee)

    ProsGreat work-life balance, employees treated with respect, outstanding benefit packages available to employees. Overall, a great place to work if you want to live a decent life and have a family.

    ConsThe money that could be made at a financial firm in NY is just not the same. This is a company for people that are satisfied with a slightly above-average lifestyle, nothing more than that.

    Advice to Senior ManagementOverall, keep doing what they are doing as managers. Management here cares very much about the people that they have in their departments, and are always willing to help accommodate an employee's needs.

    Yes, I would recommend this company to a friend

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    Good Place to Gain Experience

    Paraplanner With CFP (Current Employee)
    Charlotte, NC

    ProsGood Place to Work. You won't get rich there, but great 9-5.Excellent benefits!! Very fair organization. Client tend to really like Vanguard.

    ConsOnly 3 offices nationwide.Charlotte is the smallest office. Not much advancement if you're not willing to go to PA or AZ offices.

    Advice to Senior ManagementDevelop more programs to increase one's earning potential.Everyone is on salary. They need to develop a solid,lucrative bonus plan for employees.

    Yes, I would recommend this company to a friend

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    GOod Job for college students

    Anonymous Employee (Current Employee)

    ProsGreat environment
    Great training
    Great job security
    Good place for a college student
    Great resume builder
    Really good retirement benefits

    ConsNot a lot of opportunity to move up in the ranks
    Duties of the job become repetitive and boring if you need variety

    Advice to Senior ManagementMake more opportunities for promotions and pay increases. Management shouldn't be so hard on they're workers. Entry level position should be at a higher salary

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    Good start - advancement muddled by incompetent management.

    Anonymous Employee (Current Employee)

    ProsVanguard is secure, easy, stress free, and pays fairly.

    ConsOnce you hit a ceiling you can only advance into management which is a maze of beauracracy. Filled with favoritism.

    Advice to Senior ManagementOpen your eyes. Figure out what people want, and your not fooling anyone when you say "this is what you said you wanted", when trying to position a new idea.

    Yes, I would recommend this company to a friend

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    good company to work for

    Investment Representative (Current Employee)
    Scottsdale, AZ

    ProsThis is a great place to work if you are just starting out and want to work your way up.
    If you have the initiative and are willing to relocate, you can eventually do well though the salaries are low.

    ConsLow pay.
    somewhat redundant work
    no opportunity for performance based bonus or commissions.

    Advice to Senior ManagementGive employees more financial incentives to do well and to stay with the company.

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