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
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Employee Reviews

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  1. 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
  2.  

    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
  3.  

    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
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  5.  

    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
  6.  

    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
  7.  

    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.

  8.  

    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
  9.  

    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.

  10.  

    Cheap is as cheap does

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

    I have been working at Vanguard Investments Australia

    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 ManagementAdvice

    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.

    Doesn't Recommend
  11.  

    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

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