Vanguard
3.1 of 5 637 reviews
www.vanguard.com Malvern, PA 5000+ Employees

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1 person found this helpful  

Mix Signals by Management, but Still a Great Company

Developer (Current Employee)
Valley Forge, PA

ProsPTO 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.

ConsThere'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 Senior ManagementThe 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.

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

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    • Culture & Values
           
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    Great place to learn about finance and the corporate world

    Anonymous Employee (Former Employee)
    Philadelphia, PA

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


    Pros: Amazing educational opportunities, mentorship program, subsidized food on campus, get… 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… Advice to Senior Management: Allow more room for independence and creativity- micromanagement and bureaucracy… More
    • Work/Life Balance
           
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    Good Company to start at

    Tax Associate (Current Employee)
    King of Prussia, PA

    I have been working at Vanguard


    Pros: The company provides great opportunities to learn about all aspects of the finance sector. They have great training available… Cons: In order to get into upper management it is all about who you know and where you went to school. the firm would never… Advice to Senior Management: Do not cap promotions at fifteen percent. Too many employees are lost due to capping promotions lstifling an employees growth. Also, allow for… Yes, I would recommend this company to a friend More
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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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