Vanguard Investments Australia

  www.vanguard.com.au
  www.vanguard.com.au

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.  

    A great organization, thanks for thinking of the client

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales in Melbourne (Australia)
    Current Employee - Sales in Melbourne (Australia)

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

    Pros

    Great purpose and they want to do the right thing. Working for a global company has lots of benefits. Very long term in thinking.

    Cons

    Only 300 crew so promotions can take longer than a big bank but far less politics. Lots of change as they go global, so lots of early. Calls.

    Advice to ManagementAdvice

    Don't let poor performers get away with not performing

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    What's all the fuss?

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

    I have been working at Vanguard Investments Australia

    Pros

    Low stress, career development, lots and lots of opportunity to learn and increase your investment knowledge. Nice people. Fun people.

    Cons

    Career development is in the employee hands. You must be a self-starter at Vanguard to advance. The pay is low when you're on the phones; but improves when you advance off the phones and into higher level investment positions.

    Advice to ManagementAdvice

    Get to know your crew.

    Recommends
    Approves of CEO
  3. 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

    I worked at Vanguard Investments Australia

    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
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  5.  

    OK place to work

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

    I worked at Vanguard Investments Australia

    Pros

    Great Benefits, average salary and job stability

    Cons

    No advancement opportunities unless you work at corporate

    Advice to ManagementAdvice

    Offer more advancement opportuities

    Approves of CEO
  6.  

    Not for Everyone, but Great for Me

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

    I have been working at Vanguard Investments Australia

    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
  7.  

    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

    I have been working at Vanguard Investments Australia

    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
  8.  

    Vanguard

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

    I have been working at Vanguard Investments Australia

    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
  9.  

    A satisfactory place to work

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

    I have been working at Vanguard Investments Australia

    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
  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

    I have been working at Vanguard Investments Australia

    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.  

    A strong employer

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

    I worked at Vanguard Investments Australia

    Pros

    Great benefits and profit sharing. Vanguard is a fair employer when reviewing your performance and it helps that they care about career advancement. Vanguard is very reluctant to do any layoffs and they try hard to find areas where struggling employees will have increased chances for success.

    Cons

    Unrealistic expectations of what work life balance truly means. You can certainly work your 40 hours per week but anything less than 55-60 is unrealistic to achieve an 'exceeds expectations' review. A flip side of their commitment to finding employees a better job is that a few people who really do need to be let go due to poor performance can sometimes stick around too long.

    Advice to ManagementAdvice

    Provide more project opportunities to young employees.

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