Vanguard

www.vanguard.com
There are newer employer reviews for Vanguard

5 people found this helpful  

Decent company, but it's not what it used to be.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in Malvern, PA
Former Employee - Anonymous Employee in Malvern, PA

I worked at Vanguard full-time (more than 10 years)

Pros

They still have decent benefits, but you definitely pay more for them than you used to.
Overall, their training program is pretty good.
Conservative, stable company that has never had layoffs.
Plenty of sports leagues to play in to meet fellow employees.
Very charitable, big into corporate responsibility.

Cons

Work/life balance is definitely not a concern.
Salaries are way lower than most others in the industry.
There is definitely a "kool-aid" culture that you'd better buy into if you hope to advance.
Team leaders are not held accountable in the same fashion as their direct reports.
They overhauled their compensation program according to "employee wishes", but none of the employees were happy about it because it decreased the amount made per year through their partnership (profit sharing) program.
Some departments lack uniformity of standards from team to team, which can make it tough to fully understand performance expectations.

Advice to ManagementAdvice

Pay your talent better, I know plenty of people that felt compelled to get a 2nd job in my time there.
I would say lose the politics, but that's a waste of breath.
Force your departments to come up with concrete standards and expectations and stick to them.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

786 Other Employee Reviews for Vanguard (View Most Recent)

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  1. 1 person found this helpful  

    Mix Signals by Management, but Still a Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Developer in Valley Forge, PA
    Current Employee - Developer in Valley Forge, PA

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

    Pros

    PTO is best in class...new hires get 3 weeks, but after a promotion I was up to 4 weeks and 4 days, plus we always have an option to buy a week.
    The 401k match is very good because of the 14% put in yearly by Vanguard, then add in the low cost investor fees.
    As a software developer in the Retail division, I'm given the opportunity to learn the Brokerage and Mutual Fund business, while also honing Technical skills.
    The Yearly Bonus recently changed so Top Performers get a bigger cut of the money, and this greatly benefited me since I'm still a relatively new hire.
    There's a Wegman's now, so we've got that.

    Cons

    There's a lot, but the culture is changing:
    Yearly Compensation is low for the suburbs, and honestly if I wasn't in IT I wouldn't be able to live without a roommate.
    When I lobbied for a promotion after only a year on the job (not unreasonable), I was told I needed time in job by my manager. Within 6 mos. I was promoted. Then about 3 yrs later I was given a review that stated, "not visible to upper management" which of course I barely control, so I switched to a very visible role on a $60 mil project, where I soon became a SME. Now I'm getting signals where I'm integral to the program, yet there's no promotion to compensate me for that. It's just frustrating that the company is trying to be more visible in its promotion/demotion area, yet individual Divisions can squash it.
    Working in the Suburbs

    Advice to ManagementAdvice

    The culture isn't skewing to a younger demographic and crew, but we are the future. We're not harmless, but we are hungry.
    Embrace flexibility (it's getting better, but there's still a "Factory Worker" culture)
    Promotions/Demotions should be handled by a Manager and their Directs, and not by three or four levels above.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2.  

    Great place to learn about finance and the corporate world

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA

    I worked at Vanguard full-time (more than a year)

    Pros

    Amazing educational opportunities, mentorship program, subsidized food on campus, get paid to get financial licenses, and an excellent benefits package.

    Cons

    Very egalitarian culture- they do not embrace innovation, and you must go through many many channels to make progress (aka, email 3 people to get approval before you change an entry on an excel spreadsheet)... Some departments are wonderful (like the Sales and Marketing Retail group) but others are a bit depressing and behind the times (more on the Institutional side)... And the dress code is way too strict considering the chance of seeing a client is slim to none.

    Advice to ManagementAdvice

    Allow more room for independence and creativity- micromanagement and bureaucracy don't fit well with the Millenial mentality.

    Approves of CEO
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