Vanguard Investments Australia

  www.vanguard.com.au
Work in HR? Unlock Free Profile

Vanguard Investments Australia Reviews

23 Reviews

3.3
23 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Vanguard Investments Australia Managing Director John James
John James
1 Rating

Employee Reviews

Sort: Popular Rating Date
  1.  

    Safe, but overly conservative.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Development Group  in  Scottsdale, AZ
    Former Employee - Business Development Group in Scottsdale, AZ

    I worked at Vanguard Investments Australia

    Pros

    Vanguard invests in its employees' futures by training them thoroughly and encouraging them to move laterally between positions and departments. It offers great benefits packages and a stable career, since the company focuses on strength in the long run and has yet to lay off employees (in the company's history). Basically, the positions are all stable and mobility is very easy. While each employee has to take the initiative to plan his or her career and make connections across areas, the culture is very safe and welcoming.

    Cons

    The culture is very conservative. By very, I mean stockings to work every day, hour-long meetings for "feedback" on misspeaking or offending someone. The company thrives because it is cautious and conservative, but that can be difficult for high-potential employees who do not agree with the "put your head down and work" philosophy. Compensation is also significantly lower than competitors.

    Advice to ManagementAdvice

    Keep up the benefits, but improve the opportunities for advancement and fast-tracking.

    Recommends
  2.  

    GOod Job for college students

    • 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 environment
    Great training
    Great job security
    Good place for a college student
    Great resume builder
    Really good retirement benefits

    Cons

    Not a lot of opportunity to move up in the ranks
    Duties of the job become repetitive and boring if you need variety

    Advice to ManagementAdvice

    Make more opportunities for promotions and pay increases. Management shouldn't be so hard on they're workers. Entry level position should be at a higher salary

    Approves of CEO
  3.  

    Good start - advancement muddled by incompetent management.

    • 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

    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
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    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

    I have been working at Vanguard Investments Australia

    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.

  6.  

    Great place to start a career, but...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Development Associate  in  Scottsdale, AZ
    Current Employee - Business Development Associate in Scottsdale, AZ

    I have been working at Vanguard Investments Australia

    Pros

    Stable company with a good reputation in the industry. Benefits start from day one including 401k.

    Cons

    Very low pay. Not a great place to start a mid-career change. Employees very young and seem to be favored over older employees. Very mundane phone job. I would think this would be a decent job for someone in the twilight of their career that just needs the benefits and (low) pay. Seems like a good place to jump start a career and build a resume.

    Advice to ManagementAdvice

    Think about getting rid of some of the overlapping staff. Most of us are just sitting around browsing the web.

    Recommends
  7. 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

    I have been working at Vanguard Investments Australia

    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
  8. 1 person found this helpful  

    Leave if you can.

    • 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

    Steady. You don't need much of your brain to do a good job.

    Cons

    Very political. Some of the middle level managers are basically idiots. They don't treat their direct reports with any respect.

    Advice to ManagementAdvice

    Start laying off the incompetents.

    Doesn't Recommend
    No opinion of CEO
  9. 1 person found this helpful  

    Like working for the government

    • 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 institutional clients
    Great coworkers
    Great if you're a minority or have an MBA from a top school, otherwise forget about promotions

    Cons

    Poor pay
    Principals more talented at politics than anything else
    Low cost provider = low satisfaction employer
    White collar factory work
    Still mandate business attire for people who will never see a client

    Advice to ManagementAdvice

    The Goodship Vanguard is what it is and will never change. If you want a civil servant's job in the private sector, this is a great place to be.

    Doesn't Recommend
  10.  

    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

    I worked at Vanguard Investments Australia

    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
  11.  

    Reputation isn't everything

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

    I worked at Vanguard Investments Australia

    Pros

    The company has a good reputation and working here will look good on your resume. The benefits are good and the campus is a very attractive place.

    Cons

    The salaries are very low. The culture is conservative and corporate. Ineffective/outdated problem-ridden technology (my department used an outdated DOS system which was constantly having problems), crushing workload, understaffed - each person does the work of 2. Poor training - and training partners/mentors are held to same production standards as non-mentors, therefore not really available for the people they are mentoring. Performance assessments are calculated in an unbalanced/ineffective manner where complex transactions are weighted the same as simple transactions. Overall, the emphasis at Vanguard is on cheapness and this is most evident in the low salaries, the resistance to staffing fully and the resulting backlog and angry customers.

    Advice to ManagementAdvice

    Provide staff with up-to-date technology so that they can do their job effectively. Hire an adequate number of employees to handle the workload. Give training partners a lower production requirement so that they are available to work with their trainees. Use a fair method of calculating performance where complex transactions are weighted more heavily than simple transactions.

    Doesn't Recommend

Worked for Vanguard Investments Australia? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.