Vanguard Investments Australia

  www.vanguard.com.au
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Vanguard Investments Australia Reviews

23 Reviews

3.3
23 Reviews
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Vanguard Investments Australia Managing Director John James
John James
1 Rating

Employee Reviews

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  1. 1 person found this helpful  

    Vanguard

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

    Pros

    Vanguard offers great benefits. These include 401k, profit-sharing plan, medical benefits & generous time off. They also offer decent training for people who have no industry experience.

    Cons

    I compare Vanguard to working for the government. Given the huge number of workforce, advancement is slow and beareucratic. The pay is mediocre to start, rises to mediocre mid-career, and tops out mediocrely.

    Advice to ManagementAdvice

    They should seek to allow individuals to advance more quickly based on personal performance and not place long time-in-job requirements across the board.

    Approves of CEO
  2. 1 person found this helpful  

    The Cult Strikes Back

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

    Pros

    Good benefits, otherwise this is not a place to make a career unless you are tip-top management. The best people go elsewhere

    Cons

    lousy compensation, a..-kissing helps promotions, no room for creativity, this is not a company for those who want to advance based on skill

    Advice to ManagementAdvice

    Take away the Kool-Aid and get out of your offices to talk to the people on the front lines

    Doesn't Recommend
    No opinion of CEO
  3.  

    Not for Everyone, but Great for Me

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Fair treatment of employees, reasonable policies, strong commitment to ethics, commitment to development and training, keeping costs low helps save jobs during times of economic disturbance, commitment to diversity, decent benefits, very friendly people (almost too nice!), free graduate degrees, team-oriented environment, complaints are taken seriously, strong customer focus, doing the right thing is always rewarded, I am always proud to say I work at Vanguard

    Cons

    The pay isn't spectacular. If money is your primary motivator, it might not be the place for you. Vanguard is a "pay for performance" company, so there are good raises and bonuses to be had, but you'll have to work your tail off for them. If you're OK with a decent salary, challenging work, opportunities for unlimited lateral transfers, a free MBA/CFP/CFA, and a comfortable, friendly work environment, and you're willing to trade that for the fast-track to promotions and six figures, it's a great place.
    The "nice" culture does let lower performers slide for a while, and that gets annoying. There is a lot of bureaucracy and levels of approval for seemingly trivial things. Dress code is outdated.

    Advice to ManagementAdvice

    Overall, management is doing a great job. Trust your employees and managers more. We know what we're doing, and we work here because we're ethical. If we were greedy crooks, we'd work somewhere else that paid more.

    Recommends
    Approves of CEO
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  5.  

    Vanguard is a fair and highly ethical company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Manager
    Current Employee - Manager

    Pros

    Vanguard has a unique culture of loyalty to clients and employees. It is a very conservative company and well run. Vanguard is known for low expenses to help their clients keep more of their investment returns. I can attest to that philosophy - We truly watch every penny. In fact, you will never see an employee of our firm riding first class on an airplane. It is always coach for us. By being conservative, I don't think we ever laid off any of our employees. Despite the turmoil on Wall Street, we were not really impacted except for some belt-tightening.

    Cons

    Vanguard offers stable employment, but you will definately not get rich working there. No huge bonuses and our salaries are somewhat below industry average. While the benefits are still reasonable, they are not as good as they used to be.

    Advice to ManagementAdvice

    Stay true to the loyalty of your clients and employees.

    Recommends
    Approves of CEO
  6.  

    Vanguard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Opportunity to move around company. Decent benefits. Onsite conveniences. Company has never laid off. Keeps investors in mind all the time.

    Cons

    Compensation program changed this year so that next year we'll potentially earn less. Long time employees not recognized the same for years of service. College new hires arriving at a very high salary compared to long times. Boys club.

    Advice to ManagementAdvice

    Assess employees on all skills, not just technical. Rudeness abounds in employee to employee contact - yet these crew are recognized as more effective although they lack half the skills as others. The ability of higher ups to communicate and treat crew fairly is a huge opportunity area. Your employees are not leaving to pursue school. They're leaving for other jobs.

    Recommends
  7.  

    A satisfactory place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great work-life balance, employees treated with respect, outstanding benefit packages available to employees. Overall, a great place to work if you want to live a decent life and have a family.

    Cons

    The money that could be made at a financial firm in NY is just not the same. This is a company for people that are satisfied with a slightly above-average lifestyle, nothing more than that.

    Advice to ManagementAdvice

    Overall, keep doing what they are doing as managers. Management here cares very much about the people that they have in their departments, and are always willing to help accommodate an employee's needs.

    Recommends
  8.  

    Good start - advancement muddled by incompetent management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Vanguard is secure, easy, stress free, and pays fairly.

    Cons

    Once you hit a ceiling you can only advance into management which is a maze of beauracracy. Filled with favoritism.

    Advice to ManagementAdvice

    Open your eyes. Figure out what people want, and your not fooling anyone when you say "this is what you said you wanted", when trying to position a new idea.

    Recommends
  9.  

    Not a great ship to take a ride on.

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

    Pros

    The people are great. The benefits are excellent. The working conditions are very good. You will make many friends here.

    Cons

    Senior managment is deluded and turns on a dime. The direction of management changes frequently. It is unfortunate, but this is the type of place where you are evaluated once, and if liked, you move ahead. If not - you are cast aside. Beware.

    Advice to ManagementAdvice

    Get rid of Jack Brennan. He has no soul.

    Doesn't Recommend
  10.  

    Good Place to Gain Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Paraplanner With CFP  in  Charlotte, NC
    Current Employee - Paraplanner With CFP in Charlotte, NC

    Pros

    Good Place to Work. You won't get rich there, but great 9-5.Excellent benefits!! Very fair organization. Client tend to really like Vanguard.

    Cons

    Only 3 offices nationwide.Charlotte is the smallest office. Not much advancement if you're not willing to go to PA or AZ offices.

    Advice to ManagementAdvice

    Develop more programs to increase one's earning potential.Everyone is on salary. They need to develop a solid,lucrative bonus plan for employees.

    Recommends
  11.  

    good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Investment Representative  in  Scottsdale, AZ
    Current Employee - Investment Representative in Scottsdale, AZ

    Pros

    This is a great place to work if you are just starting out and want to work your way up.
    If you have the initiative and are willing to relocate, you can eventually do well though the salaries are low.

    Cons

    Low pay.
    somewhat redundant work
    no opportunity for performance based bonus or commissions.

    Advice to ManagementAdvice

    Give employees more financial incentives to do well and to stay with the company.

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