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5 people found this helpful  

Very different corporate culture, very structured.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Client Relationship Specialist
Former Employee - Client Relationship Specialist

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

Pros

Ideal for those who are graduating college, the company likes to hire young and promote quickly. In general nice people.

Cons

Very process-oriented, low pay, political environment. Managers don't necessarily have experience in the role they are in charge of managing, but they are there to manage people, processes and paperwork. This provides a disconnect between teams and managers.

Advice to ManagementAdvice

Company should take steps to recognize employees strengths, and make sure employees are in the role that's best suited to those strengths and experience. Sometimes strict rules and processes aren't beneficial.

No opinion of CEO

Other Reviews for Vanguard

  1.  

    Great company

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

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

    Pros

    Private ownership, focuses on good of the whole company - shareholders and crew. Works hard at doing the right things. Great learning opportunities, most opportunities posted for all to see, on site gym, doctor's office, and "university". Opportunity to rotate through different departments and job responsibilities. Great Benefits.

    Cons

    Tends to follow vs. lead industry.
    Won't get rich quick...no stock or options program. Got to put your time in

    Advice to ManagementAdvice

    Doing a great job

    Recommends
    Positive Outlook
    Approves of CEO
  2. 10 people found this helpful  

    Excellent workplace but Vanguard will not pay to retain talent.

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

    I have been working at Vanguard full-time for more than a year

    Pros

    Diverse workplace with a lot of side events
    Many on site services such as gym, places to eat, auto and dry cleaning, etc.
    Benefits such as PTO, affordable health care, dental, vision, etc.
    Great work / life balance - generally you leave work at work.
    Opportunity to educate though Vanguard University and virtual learning
    All things considered a very ethical company because of the structure

    Cons

    Low base compensation (Vanguard claims it's in line with industry average. Malvern and the Philly suburbs are very expensive, but the wages are in line with country living wages).
    Raises are less than inflation so your earnings effectively decrease. 2-3% is considered a great raise, and most people get less.
    Unrealistic expectations and always expected to take on additional side projects and initiatives (multiple at one time) causing employees to be overworked.
    Management talks the talk about engagement but firmly manages top down.
    Management encourages, and in some cases coaches, your answers in the annual survey.
    Very political, as most large companies are.

    Advice to ManagementAdvice

    Management frequently beats the drum of being a best place to work and a destination for talent, but look around, talent leaves just as quickly as it comes because the low base pay is not sustainable. Vanguard also never relaxes, which is good for the company, constantly raising the bar and looking beyond this decade, but employee morale decreases as we're increasingly overworked and under compensated. Low expense ratios, at what cost?

    Recommends
    Neutral Outlook
    Approves of CEO
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