Vanguard Reviews

Updated March 30, 2015
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Employee Reviews

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  1. A great starting point

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

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

    Pros

    Good culture, client focused, not cut-throat in regards to advancing. The low cost focus achieves what the industry should be about.

    Cons

    Limited chance to move around in the company. Though this was due mostly to having just started at the company around the time of the financial crisis. Often feel like a cog that just performs the same job everyday.

    Recommends
    Neutral Outlook
  2. Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Representative in Scottsdale, AZ
    Current Employee - Registered Representative in Scottsdale, AZ

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

    Pros

    Good place to work. Good management. Flexible schedule.

    Cons

    A lot of completion for promotions.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 6 people found this helpful

    Vanguard is a great place to kick off a new career; it offers good benefits and there are a lot of young people there

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

    I worked at Vanguard full-time (more than 8 years)

    Pros

    Good benefits, fun co-workers, great place to start a career, fairly easy to move up from an entry level job

    Cons

    Highly political, lots of favoritism, if you are not "in" with management within 5 years - look for a new job immediately or else you will get "stuck," they are in heavy cost cutting mode now

    Advice to ManagementAdvice

    Go back to the company's roots of treating its employees as the true assets of the company and not expendable resources; need to evaluate your employee's performance based on value brought to company, not based on how good of friends you are with management

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 2 people found this helpful

    Great place to start a career, not so great to advance.

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

    I worked at Vanguard

    Pros

    Company is dedicated to training and development of associates. Great benefits, good work-life balance and overall great people to work with. Client focus and overall culture or organization is impressive.

    Cons

    Impossible to move up (or even move around) this company. You often will find yourself stuck in a position much longer than you would prefer. Too many layers of management.

    Advice to ManagementAdvice

    Focus on development and promotion of associates; too many individuals will leave because they do not see advancement opportunities in either the short or long term.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 4 people found this helpful

    Good company changing for the bad

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Vanguard

    Pros

    The benefits and the pto policy are good.

    Cons

    The pay structure isn't the best and the change in the partnership policy was a horrible idea.

  7. 5 people found this helpful

    Some good, mostly bad....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative in Charlotte, NC
    Former Employee - Registered Representative in Charlotte, NC

    I worked at Vanguard

    Pros

    Great benefits. The benefits, especially vacation, really jump after some time there. Fairly relaxed work environment. You do get to see the CEO and senior management a few times a year. No way to do an "Undercover Boss" here.

    Cons

    Like everyone else stated, management is horrible. Company has great lip service, but it is horrible underneath. If you upset one manager somewhere in your career, you are blacklisted from almost any advancement, especially management. They consistently put people into positions that are inept at best. Those people quit and you are still stuck.

    The company also violates ethics when they want to. The culture is supposed to be so amazing, but it has a dark side too. Go look up EEOC and Vanguard and read all about it.. Senior management also has no accountability. It all rolls downhill.

    Advice to ManagementAdvice

    You can't improve if you never believe that anything is wrong. Anyone trying to make a difference will get shot down for trying to help the company because that is a threat. Quit getting fined by the EEOC.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8. 4 people found this helpful

    Not dissatisfied; disappointed

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

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

    Pros

    Once great benefits
    Once great loyalty
    Once great integrity
    Definitely Invest here!

    Cons

    Benefit erosion
    Loyalty if ... you're on a good list
    Don't be 45+ unless you're Sr. Mgt/Officer
    Better have a best friend at work
    Right Sourcing = India as a Service

    Advice to ManagementAdvice

    The young ones are smart; they'll flee as they discover that they age too and having seen how you manage old out.

    Once Vanguard consistently ranked 3-5 on word of mouth alone. Now they're #1 and treating the people who got them there like #2.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9. 5 people found this helpful

    Did things changes when Boogle stepped down...

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

    I worked at Vanguard full-time (more than 10 years)

    Pros

    Work/life balance was good. It was easy to network with people and team members were always willing to help out their fellow workers.

    Cons

    Perception is everything in this company. It was clearly evident that management has their "favorites" and if you were not on that list, your career was done. People were not rewarded for what they had done, but who they knew. Employees who had been there for a long time are leaving and being replaced by contractors to implement the "Right Sourcing" (aka outsourcing) strategy. Middle management is useless as most of them don't even know their own business area that they are supposed to be managing.

    Advice to ManagementAdvice

    Get back to the vision of Mr. Boogle and start valuing your employees.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. Great company, but slow-moving.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - College to Corporate
    Former Employee - College to Corporate

    I worked at Vanguard

    Pros

    People are nice and generally happy to be working here. Good work-life balance. Customer-centered. Great benefit packages.

    Cons

    The pay is on the lower side of the industry standard. A lot of the people who work here lack motivation or personal drive. Because the customer always comes first (saving them money), the employees aren't treated too often.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 2 people found this helpful

    Serves the investors very well at the expense of employees (literally)

    • 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 3 years)

    Pros

    401K bonus and match, PTO, work/life balance, office culture, on-site services, training and educational opportunities as well as education reimbursement.

    Cons

    Base pay is just enough to get by unless you progress to the manager or above levels. I find the salaries on Glassdoor are pretty spot-on from my experience, which do not stack up against similar companies from my observation. If you're not buddy/buddy with management, consider yourself in a dead end regardless of performance. Bonus is laughable as compared to the Bogle era, and pay for performance basically means if you're buddy/buddy with management you might get a few extra bones at year end. Basically each day I see the company take more and more from the employees in order to meet the 10 basis point average goal by 2020. Employee moral is low because of this, no matter who you whisper to. Finally, the company is in MAJOR cost-cutting mode right now which in essence means many areas have a soft hiring freeze. There's not many desirable open positions available at the moment and when one does pop up it's flooded with applicants. Vanguard prefers those they picked for the VADP program so if you're interviewing against one of them, consider it a lost cause.

    Advice to ManagementAdvice

    Read the legitimate reviews on here, not those created by HR. The pros and cons are very telling. You preach that the company wants to be a talent destination, but management needs to focus on retaining that talent.

    Recommends
    Neutral Outlook
    No opinion of CEO

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