Vanguard

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

 

Ethical company that looks out for the investor

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Supervisor in Scottsdale, AZ
Current Employee - Supervisor in Scottsdale, AZ

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

Pros

Company culture is strong. Community involvement. Interesting work. Various career paths within investment and finance.

Cons

More job opportunities exist in main campus in PA

Recommends
Neutral Outlook
Approves of CEO

747 Other Employee Reviews for Vanguard (View Most Recent)

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  1. 11 people found this helpful  

    Vanguard’s core investing business is top notch; otherwise, it is a highly fragmented organization.

    • 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

    Pros

    A stable, respected, conservative company that offers job security, excellent 401k match, very good retirement plan, good benefits (medical, education, vacation, etc.), and employee services (gym, on-site dining, minor medical on-site, etc.). A corporate culture of mentoring, volunteerism, charity, and responsibility. A good work/life balance, flexible time, available telecommuting, reasonable compensation, and advancement opportunities, while available, are highly dependent on the department and/or manager. My time at Vanguard spanned all three of the CEOs. The company has changed (and continues to change) from an idealistic, iconoclastic company to a much more mainstream, growth-oriented American corporation. You will succeed and be very happy at Vanguard if: You buy into the culture, you’re politically adept (and politically correct), you get satisfaction from tooting your own horn, and you believe that process trumps product.

    Cons

    It never felt like Vanguard was a single company. Cross-departmental / cross-divisional projects often felt adversarial. Lots of little fiefdoms protecting turf rather than collaborating for the good of the company as a whole. Very bureaucratic. Management’s general avoidance about taking ownership and actually addressing the issues. Best to push things onto subordinates (the lower the better) without clear expectations or the appropriate resources and maintain plausible deniability. Little evidence of a cohesive (company-wide), long-term strategy or vision. A strong focus on fixing the small immediate problem in a way that frequently resulted in more work / re-work later as well as squandered resources. The recent changes to compensation and profit-sharing reward job performance over tenure. While necessary, these changes have had a negative impact on morale. There are a fair number of employees that are netting less annually than they did 5 or 6 years ago. All incentives to stay with the company for any length of time have been removed. Performance standards and expectations can vary substantially from one manager to another, even within the same department. Some of the methods used by Vanguard to maintain the “never had layoffs” stability are: 1) Creating attrition by using a series of poorly-defined, impracticable negative ratings on annual reviews that will negate any possibility of a bonus, merit increase or finding another job within the company. 2) Changing the description and/or expectations for an employee’s current job or rank resulting in those same poorly-defined, impracticable negative ratings. 3) Forcing employees to re-apply for their own jobs and then rejecting them. Vanguard touts its diversity and employee feedback efforts. My experience was that diversity meant “don’t offend anyone” rather than recognizing and accepting differences. Year after year employee feedback was solicited, responses were provided, teams were created, projects were launched, and, after a few months, everything faded away with no substantive changes.

    Advice to ManagementAdvice

    Don’t change doing what Vanguard does best: Investment Management. Find a way for management and all the employees, in all the divisions, to understand and believe that they are working for one company with common goals. Make the decision to be either the conservative “low cost provider” or the innovative technology and segment leader (and invest in whatever you choose). Reallocate the resources spent on image to things that enable the employees to do the best job possible.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 5 people found this helpful  

    Below average, It all comes down to pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bdg
    Current Employee - Bdg

    I have been working at Vanguard full-time (more than an year)

    Pros

    Lots of PTO immediately
    Friendly work environment, don't feel like your job is on the line everyday
    One of the only companies I've worked for who says client is #1 and means it
    Good training
    Average benefits

    Cons

    As I said it all comes down to pay. You put up with frustrations at any job, but receiving reasonable pay can make a big difference in your satisfaction. They say its competitive, its not. On average it is probably 10-15% below industry average. In some positions it can be as much as 40% below average if bonuses are included.

    Everyone says the benefits make up for low pay. I guess they don't know what benefits are like at other companies. It used to be on par with Fortune 500 companies. Now, it's slightly below average.

    Advice to ManagementAdvice

    Fix compensation or you will see a massive drain on talent when the job market picks up. A lot of current employees would stay if pay and career advancement was better. Its nice to work at a company with good values and a nice work environment, but that won't pay a mortgage.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Vanguard

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