Vanguard
3.1 of 5 594 reviews
www.vanguard.com Malvern, PA 5000+ Employees

Vanguard Reviews

Updated Apr 14, 2014
All Employees Current Employees Only

3.1 594 reviews

                             

79% Approve of the CEO

Vanguard Chairman and CEO William McNabb

William McNabb

(356 ratings)

57% of employees recommend this company to a friend
167 Employee Reviews Back to all reviews
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1 person found this helpful  

Promotions await you if you are under 30 - not so much if you are older

Anonymous Employee (Current Employee)

I have been working at Vanguard full-time for more than 10 years

ProsDecent benefits
Nice 401k
Reitirement contributions each quarter
Lots of PTO

ConsSevere lack of advancement potential for anyone 30 years of age or older, regardless of experience or ability to do the job.

Pay is lower than other firms

Any movement to other positions - even lateral moves - requires one to go through extensive interviews and far too much emphasis is put on how well you can interview instead of what actual job skilks you bring to the table or past experience outside of Vanguard

Advice to Senior ManagementScale back VADP at least a little bit. Recent college grads with little to no business experience are flowing into virtually all open management positions at record pace creating a serious lack of diversity in the leadership team. Give more seasoned (aka older) tenured employees some opportunities too! They can offer a lot if given the chance.

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  

So So

Client Retail Specialist (Current Employee)
Charlotte, NC

I have been working at Vanguard full-time for more than 5 years

ProsBenefits, Coworkers, Surroundings, Direct Reports, Building

ConsCulture, Compensation, Supervisors, Upper Management, Disrespect of employees

Advice to Senior ManagementManagement disregards any feedback

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

Anonymous Employee (Former Employee)
Scottsdale, AZ

I worked at Vanguard full-time for more than a year

ProsGreat company values. Successful, transparent, low cost structure.

ConsCall center. Little growth opportunity. Compensation is low for the industry.

Advice to Senior ManagementProvide more growth and development opportunities for high performing associates.

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

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Leadership Issues

Investment Professional (Current Employee)
Scottsdale, AZ

I have been working at Vanguard full-time for more than 3 years

ProsOvertime, retirement benefits, education, over all compensation

ConsAdvancement, weak leadership, unfair pay based on experience.

Advice to Senior ManagementStop allowing weak leader to control real leaders career path. Stop trying to put people in positions because you're trying to meet government standards for diversity. Hire and promote based on experience.

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

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Great company with a lot to offer

Anonymous Employee (Current Employee)

I have been working at Vanguard full-time for more than 3 years

ProsVanguard offers many benefits, some including:

- Verticle mobility
- Great on boarding experience
- Hires a lot of great talent
- Provides a great 401K

Cons- Moving up can be challenging if you do not know the right people and it is very competitive
- The salaries are usually on the lower end

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

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4 people found this helpful  

Bad pay, no room for growth

Anonymous Employee (Current Employee)
Valley Forge, PA

I have been working at Vanguard full-time for more than 5 years

ProsStresses on diversity and work/life balance. Nice fellow colleagues. Not so bad 401k contribution plan.

ConsThere is no room for growth unless you are a talented brown-noser. Management does not care if you are good at what you do or hard-working. They keep finding excuses about your "visibility", whatever that means, and keep you off from getting promoted so that they could save a few bucks. Most of my colleagues who have been working there for more than 10 years actually suggested me to get out of the company if I want to be ahead in my career.

Advice to Senior ManagementChange your attitude about "employee visibility" and be smart enough to distinguish between butt-kissing losers and hard-working employees.

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

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Ok experience overall. Not good, not bad. Completely neutral.

Software Developer (Former Employee)
Malvern, PA

I worked at Vanguard full-time for more than 3 years

Pros- Training offered, they will pay for your Masters degree
- 401k (match 4%), 10% retirement match is really amazing
- Vacation time and flexible work schedules are very nice
- You're able to rotate internally if you desire
- On campus gym, health services, etc.
- Mid-year bonus and year-end performance bonus

Cons- Leadership often lacks competency
- A lot of people with true skills are undervalued
- Lots of dead weight (I see people who do absolutely no work for weeks on end)
- Technology is very behind in the IT department, though there are recent initiatives to move the company toward more modern hardware and software
- Moving toward open-concept offices within the next year (or maybe this is a pro to you?). No cubicle walls, less storage space, and more collaboration space. Depending on you as a person, this could be bad or good.
- Pay is lacking, year end merit increases are really meager

Advice to Senior ManagementWould recommend peer reviews of team members at year-end since line of sight to the work team members are doing is often overlooked by senior management. Team members know what other team members are doing (or not doing, for that matter).

No, I would not recommend this company to a friend

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Client Relationship Associate

Client Relations Associate (Former Employee)
Scottsdale, AZ

I worked at Vanguard full-time for more than 3 years

ProsGreat benefits, very generous retirement plan. Coworkers and managers were very friendly. Very honorable company with a great reputation in the financial services, which can be pretty hard to find these days.

ConsSalary was not that great compared to other competitors. Not a lot of room for advancement outside of department you start in, and get pigeon holed into your department from the start. Can be a little cult like during times.

Advice to Senior ManagementGive employees more flexibility to make changes to antiquated procedures.

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  

A good company but not enough pay

Anonymous Employee (Current Employee)

I have been working at Vanguard

Prosvery very very low pay

Consgreat coworkers and good friendships

Advice to Senior ManagementListen to employees ideas

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AR

Anonymous Employee (Current Employee)

I have been working at Vanguard full-time

Prosbenefits and retirement are very good

Constechnology, ways of doing business, opportunities for advancement and salary. They are a low cost provider, the price is paid by the employees!

Advice to Senior ManagementThe company is extremely inefficient! I know you continue to see growth but it could be such a better work environment if everyone worked together to serve the client!

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

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In 1975, a small but uniquely structured mutual fund company came into being. More than a quarter-century later, Vanguard is internationally known for exceptional client service and the highest-value products in the… Full Overview

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