Vanguard - Everything depends on your manager | Glassdoor
There are newer employer reviews for Vanguard
There are newer employer reviews for Vanguard

See Most Recent

Helpful (8)

"Everything depends on your manager"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Developer in Charlotte, NC
Current Employee - Senior Developer in Charlotte, NC
Recommends
Positive Outlook
Approves of CEO

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

Pros

If you get a great manager, I haven't worked at a better place.

Cons

If your manager changes, or you decide to take an opportunity in another department and get a poor manager, your entire career is put on hold until you can get a better manager. And the ration is about 50/50 on good / poor managers.

Other Employee Reviews for Vanguard

  1. Helpful (6)

    "Decent company, but it's not what it used to be."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Malvern, PA
    Former Employee - Anonymous Employee in Malvern, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    They still have decent benefits, but you definitely pay more for them than you used to.
    Overall, their training program is pretty good.
    Conservative, stable company that has never had layoffs.
    Plenty of sports leagues to play in to meet fellow employees.
    Very charitable, big into corporate responsibility.

    Cons

    Work/life balance is definitely not a concern.
    Salaries are way lower than most others in the industry.
    There is definitely a "kool-aid" culture that you'd better buy into if you hope to advance.
    Team leaders are not held accountable in the same fashion as their direct reports.
    They overhauled their compensation program according to "employee wishes", but none of the employees were happy about it because it decreased the amount made per year through their partnership (profit sharing) program.
    Some departments lack uniformity of standards from team to team, which can make it tough to fully understand performance expectations.

    Advice to Management

    Pay your talent better, I know plenty of people that felt compelled to get a 2nd job in my time there.
    I would say lose the politics, but that's a waste of breath.
    Force your departments to come up with concrete standards and expectations and stick to them.


  2. Helpful (1)

    "Mix Signals by Management, but Still a Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Developer in Valley Forge, PA
    Current Employee - Developer in Valley Forge, PA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    PTO is best in class...new hires get 3 weeks, but after a promotion I was up to 4 weeks and 4 days, plus we always have an option to buy a week.
    The 401k match is very good because of the 14% put in yearly by Vanguard, then add in the low cost investor fees.
    As a software developer in the Retail division, I'm given the opportunity to learn the Brokerage and Mutual Fund business, while also honing Technical skills.
    The Yearly Bonus recently changed so Top Performers get a bigger cut of the money, and this greatly benefited me since I'm still a relatively new hire.
    There's a Wegman's now, so we've got that.

    Cons

    There's a lot, but the culture is changing:
    Yearly Compensation is low for the suburbs, and honestly if I wasn't in IT I wouldn't be able to live without a roommate.
    When I lobbied for a promotion after only a year on the job (not unreasonable), I was told I needed time in job by my manager. Within 6 mos. I was promoted. Then about 3 yrs later I was given a review that stated, "not visible to upper management" which of course I barely control, so I switched to a very visible role on a $60 mil project, where I soon became a SME. Now I'm getting signals where I'm integral to the program, yet there's no promotion to compensate me for that. It's just frustrating that the company is trying to be more visible in its promotion/demotion area, yet individual Divisions can squash it.
    Working in the Suburbs

    Advice to Management

    The culture isn't skewing to a younger demographic and crew, but we are the future. We're not harmless, but we are hungry.
    Embrace flexibility (it's getting better, but there's still a "Factory Worker" culture)
    Promotions/Demotions should be handled by a Manager and their Directs, and not by three or four levels above.

There are newer employer reviews for Vanguard
There are newer employer reviews for Vanguard

See Most Recent

Work at Vanguard? Share Your Experiences

Vanguard
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or