Vanguard Investments Australia Reviews | Glassdoor

Vanguard Investments Australia Reviews

29 reviews

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3.2
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Colin Kelton
1 Rating

29 Employee Reviews

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  1. "A safe but not progressive company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Melbourne (Australia)
    Current Employee - Senior Associate in Melbourne (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    If you want an easy job for life and have zero ambition, they are like the public sexto of finance.
    Good young and skilled workforce.
    They will look after you with this regards self development, I.e external training courses.
    Bonus structure is good, but only after 6 full years of being permanent.

    Cons

    Easy to get in there at entry level. But once in, they have changed of late and don't seem to promote internal hires for promotions as much as they used to. They have their class favourites, and those people don't tend to be the team players.
    A lack of real proper structured onboarding for all employees, new and internal moves.
    If you are not permanent, you will feel a real divide between you and the permanent employees. Bonuses, options for courses etc is very obvious.
    Not a very progressive or fast paced company to work for. Great ideas, but take far too long to implement due to lack of technology. The technology is shocking.

    Advice to Management

    Improve bonus structure. Not fair on employees who have been there years, but only permanent x years and do not qualify for 6+ years bonus.
    Be more transparent with future plans.
    Bring back social events with beverages. Nobody is appreciative of a rare but mid week event.
    Promote regular team functions as moral is slowly slipping currently to low levels.
    Develop a proper structured on boarding to help people feel connected to the organisation and will allow them to be sufficiently trained to start their job.


  2. "Welcoming culture"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Vanguard was a great place to work, that eschewed typical corporate flimflam in favour of working hard to deliver results.

    Cons

    None, that immediately spring to mind.

  3. Helpful (1)

    "Great idea but ruined by self fufilling bogans"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Melbourne (Australia)
    Former Employee - Analyst in Melbourne (Australia)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Vanguard Investments Australia full-time (More than 5 years)

    Pros

    Lay back, you can do nothing and still get paid well

    Cons

    If you are not a self fufilling person , you will not succeed


  4. "Good firm to start at."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Associate in Melbourne (Australia)
    Former Employee - Fund Associate in Melbourne (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Working hours, younger staff are interesting and give the office a good vibe.

    Cons

    Pay doesn't compare to other top tier fund managers. Older staff are their for life and are happy being mediocre.

    Advice to Management

    Pay inline with other top tier fund managers, otherwise the good people will leave for those firms.


  5. Helpful (1)

    "Trade offs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Vanguard Investments Australia full-time

    Pros

    Good brand and reputation. Industry trends favour what they do.good place to start your career in financial services and to cut your teeth.

    Cons

    Over structured, micro-managed and non commercial.

    Advice to Management

    Work on staff career development.


  6. "Kangaroos"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Sydney (Australia)
    Former Employee - Client Service Associate in Sydney (Australia)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Vanguard Investments Australia full-time

    Pros

    Learned a lot about investing and about the kinds of things a company can do to make the work environment a more appealing place. Also what they shouldn't do.

    Cons

    I didn't make a lot of money because the company doesn't value the skills of an experienced phone rep from the States


  7. "A great organization, thanks for thinking of the client"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Melbourne (Australia)
    Current Employee - Sales in Melbourne (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great purpose and they want to do the right thing. Working for a global company has lots of benefits. Very long term in thinking.

    Cons

    Only 300 crew so promotions can take longer than a big bank but far less politics. Lots of change as they go global, so lots of early. Calls.

    Advice to Management

    Don't let poor performers get away with not performing

  8. "What's all the fuss?"

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

    Pros

    Low stress, career development, lots and lots of opportunity to learn and increase your investment knowledge. Nice people. Fun people.

    Cons

    Career development is in the employee hands. You must be a self-starter at Vanguard to advance. The pay is low when you're on the phones; but improves when you advance off the phones and into higher level investment positions.

    Advice to Management

    Get to know your crew.


  9. Helpful (1)

    "Vanguard"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Malvern, PA
    Former Employee - Anonymous Employee in Malvern, PA
    Approves of CEO

    Pros

    Vanguard offers great benefits. These include 401k, profit-sharing plan, medical benefits & generous time off. They also offer decent training for people who have no industry experience.

    Cons

    I compare Vanguard to working for the government. Given the huge number of workforce, advancement is slow and beareucratic. The pay is mediocre to start, rises to mediocre mid-career, and tops out mediocrely.

    Advice to Management

    They should seek to allow individuals to advance more quickly based on personal performance and not place long time-in-job requirements across the board.


  10. "GOod Job for college students"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    Pros

    Great environment
    Great training
    Great job security
    Good place for a college student
    Great resume builder
    Really good retirement benefits

    Cons

    Not a lot of opportunity to move up in the ranks
    Duties of the job become repetitive and boring if you need variety

    Advice to Management

    Make more opportunities for promotions and pay increases. Management shouldn't be so hard on they're workers. Entry level position should be at a higher salary


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