Vanguard Investments Australia

www.vanguard.com.au
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Vanguard Investments Australia Reviews

Updated June 7, 2015
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24 Employee Reviews

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  1. Vanguard

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

    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 Management

    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.


  2. Helpful (1)

    Like working for the government

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    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 Management

    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.


  3. A satisfactory place to work

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

    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 Management

    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.


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  5. Helpful (1)

    Not a great ship to take a ride on.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Supervisor in Malvern, PA
    Former Employee - Supervisor in Malvern, PA
    Doesn't Recommend

    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 Management

    Get rid of Jack Brennan. He has no soul.


  6. Good start - advancement muddled by incompetent management.

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

    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 Management

    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.


  7. Good Place to Gain Experience

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

    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 Management

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


  8. good company to work for

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 Management

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


  9. Reputation isn't everything

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Processing Associate in Malvern, PA
    Former Employee - Processing Associate in Malvern, PA
    Doesn't Recommend

    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 Management

    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.


  10. A strong employer

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

    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 Management

    Provide more project opportunities to young employees.


  11. Cheap is as cheap does

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Associate in Malvern, PA
    Current Employee - Investment Associate in Malvern, PA
    Doesn't Recommend

    Pros

    Anonymity is probably the best thing about the place. It's huge and no one knows who you are unless you want them to

    Cons

    There's little left for the people at the bottom of the very steep pyramid. The benefits go to the guys at the top.

    Advice to Management

    Spread the love. Share the wealth. Rather than being so secretive about the company's true goals, how about sharing what you're really thinking rather than hiding behind platitudes and six-sigma stuff.



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