Vanguard

  www.vanguard.com
  www.vanguard.com

Vanguard Reviews in Malvern, PA

Updated December 10, 2014
Updated December 10, 2014
747 Reviews
3.3
747 Reviews
Rating Trends

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Vanguard Chairman and CEO William McNabb
William McNabb
450 Ratings

Review Highlights

Pros
  • Work/life balance is a priority as you don't work crazy hours and get a lot of vacation time (in 120 reviews)

  • Great benefits; was able to earn MBA and CFP with full tuition reimbursement (in 67 reviews)


Cons
  • The positions in AZ are largely call center support roles, or supervisory roles (in 53 reviews)

  • Good work/life balance for some people, but not if your on the phones (in 16 reviews)

More Highlights

251 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Malvern, PA
    Current Employee - Project Manager in Malvern, PA

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

    Pros

    The people there are great.

    Cons

    Micro management from top down.

    Advice to ManagementAdvice

    Continue to keep great values.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    good people, low pay, lots of red tape

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

    I have been working at Vanguard full-time (more than 3 years)

    Pros

    good people, friendly, hands on managers

    Cons

    managers micro manage, to many projects to do outside of your regular job duties, to much kissing butt to upper management to get ahead

    Advice to ManagementAdvice

    look at people who work hard and don't ask for the "pat" on the back mentality

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Respected company, process-oriented

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Manager in Malvern, PA
    Former Employee - Marketing Manager in Malvern, PA

    I worked at Vanguard full-time (more than an year)

    Pros

    Vanguard has a terrific reputation and its employees are living reflections of its brand. There are lots of training programs and opportunities to attend conferences. Vanguard's commitment to its clients is the driving force of everything they do, and it's a company you can be proud to work for.

    Cons

    It's an incredibly process-oriented culture, largely due to regulatory issues, but it seems that sometimes process gets in the way of innovation. Many of the employees have been there for 15+ years, and there seems to be a bit of a lazy culture, where people are set in their ways and unwilling to try new things. While there are opportunities for advancement, it often felt like Vanguard was driving your career path, rather than allowing people to chose it. Because the company is so "process driven," each person's individual role is fairly confined, so it is easy to get painted into a corner as an "expert" in something which would not apply beyond Vanguard's walls and could be career-limiting.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great place to start your career

    Current Employee - IT Project Manager in Malvern, PA
    Current Employee - IT Project Manager in Malvern, PA

    I have been working at Vanguard full-time (more than 10 years)

    Pros

    Excellent benefits. Great retirement fund choices for all employees. Bonus payment in June and December

    Cons

    Ceiling comes very quickly for strong employees. After 8-10 years you can find yourself without promotion possibilities.

    Advice to ManagementAdvice

    Add more levels to the job categories to provide for promotion possibilities. People work harder and are more productive when they are trying to attain promotions

  6.  

    Great job, work life balance, and great company.

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

    I have been working at Vanguard full-time (less than an year)

    Pros

    Benefits are great and culture is great.

    Cons

    Pay is par and it can sometimes be difficult to get off without a huge heads up notice.

    Approves of CEO
  7. 5 people found this helpful  

    Mid-office brokerage operations administrator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Administrator in Malvern, PA
    Current Employee - Financial Administrator in Malvern, PA

    I have been working at Vanguard full-time (more than 8 years)

    Pros

    Brand name, job security, some great management.

    Cons

    Demeaning compensation, oversight isn't just for compliance and regulatory bodies, reps are often tethered to phones for at least 1+ years, cannot go to the bathroom the half hour before market close, and while with tenure you get a good amount of pto, it's impossible to use as your schedule and days requested off are controlled at a dept level and by lottery. No days off except stock holidays, so don't get excited about not working Dec 24, Dec 26, or any other time before NYE.

    Advice to ManagementAdvice

    Value your talent more, instead of rewarding and facilitating complacency, reward and recognize hard workers instead of focusing on having a model demographic (ie- in every marketing material you'll probably find a picture that included a black person, Asian woman, older woman, and a Hispanic man.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Employment Coordinator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Employment Coordinator in Malvern, PA
    Former Employee - Employment Coordinator in Malvern, PA

    I worked at Vanguard as a contractor (more than 5 years)

    Pros

    Vanguard offered great compensation incentives and benefits. The managerial staff was also great to work with, they offered a lot of training opportunities.

    Cons

    I was a contractor but the benefits of full time were great. The only downside was that internal opportunities were open to internal full time first.

    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Ok experience overall. Not good, not bad. Completely neutral.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Developer in Malvern, PA
    Former Employee - Software Developer in Malvern, PA

    I worked at Vanguard full-time (more than 3 years)

    Pros

    - Training offered, they will pay for your Masters degree
    - 401k (match 4%), 10% retirement match is really amazing
    - Vacation time and flexible work schedules are very nice
    - You're able to rotate internally if you desire
    - On campus gym, health services, etc.
    - Mid-year bonus and year-end performance bonus

    Cons

    - Leadership often lacks competency
    - A lot of people with true skills are undervalued
    - Lots of dead weight (I see people who do absolutely no work for weeks on end)
    - Technology is very behind in the IT department, though there are recent initiatives to move the company toward more modern hardware and software
    - Moving toward open-concept offices within the next year (or maybe this is a pro to you?). No cubicle walls, less storage space, and more collaboration space. Depending on you as a person, this could be bad or good.
    - Pay is lacking, year end merit increases are really meager

    Advice to ManagementAdvice

    Would recommend peer reviews of team members at year-end since line of sight to the work team members are doing is often overlooked by senior management. Team members know what other team members are doing (or not doing, for that matter).

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Great place for high potential talent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Line Manager in Malvern, PA
    Former Employee - Line Manager in Malvern, PA

    I worked at Vanguard full-time (more than 3 years)

    Pros

    Vanguard is all about ensuring they maintain low expense ratios and part of that is keeping their employees well trained. If you are talented, they will take this a step further to prepare you for the next role before you obtain it.

    Cons

    If you are not top talent, you may not have a great experience because they will make sure sure you know it. Though you will receive a development plan, it will be hard to overcome.

    Advice to ManagementAdvice

    Give those who are middle of the road a sense that they are valued as they are important to keep happy. Top talent will not do every job, so they are just as important.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great place to begin a career in Financial Industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Financial Analyst in Malvern, PA
    Current Employee - Fund Financial Analyst in Malvern, PA

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

    Pros

    This is the most ethical financial firm I know in this industry. Never in 35 years has an empolyee been laid off. The company offers great benefits, work life balance, and retirement package. Each quarter Vanguard will automatically deposit 10% of your quarterly earnings into your retirement account. They also match 100% of your biweekly contributions up to 4%. Team collaboration and knowledge sharing is encouaged. The company also offers accelerated development programs in technology, investments, and finance which can really boost your career. Each june, the company holds a partnership day which is a day to celebrate the company's sucess over a 3 year rolling period. The CEO announces the company's internal EPS that determines a multiple which is used to calculate the bonus each crew member recieves based on tenure and grade level. The company also encourages professional development through sponsoring MBA, CFP, CPA, and CFA programs.

    Cons

    Base pay is on the lower end compared to other firms. Moving up the ladder is very challenging given that as you move up the ranks, the positions become more scarce. If you don't network, you will not get ahead at a rate that a good performing crew member would otherwise. Partnership calculations are not transparent. Accounting systems are really out of date and can be a pain to work with.

    Advice to ManagementAdvice

    Management can do a better job in being an advocate for crews' career development and setting them up for sucess.

    Recommends
    Positive Outlook

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