Vanguard Reviews | Glassdoor.com.au

Vanguard Reviews

Updated 18 Oct 2019

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3.1
StarStarStarStarStar
Rating TrendsRating Trends
51%
Recommend to a Friend
73%
Approve of CEO
Vanguard CEO Tim Buckley
Tim Buckley
261 Ratings
  1. "Investment analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Investment Analyst in Malvern, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great employer and good working environment.

    Cons

    Parking lots sometimes full and hard to find a parking space.

    Vanguard2019-09-28
  2. "Great Company for the right person"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Command Center Associate in Scottsdale, AZ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    There are great benefits that are unmatched in the industry and have amazing work life balance. For the most part the company culture is very inclusive and it is an enjoyable place to work.

    Cons

    As with any large company there is a lot of red tape and change happens slowly. My other complaint is that moving up in the company is all about networking and getting close with the correct people.

    Continue reading
    Vanguard2019-09-26
  3. Helpful (10)

    "Dont do it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Brokerage Investment Professional 
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Vanguard full-time for more than a year

    Pros

    - Fun coworkers - Bosses care and try to make the work better

    Cons

    - This is a call center. You will be chained to your desk for 7.5 hours a day. When it is busy you will only have 30 minutes for lunch instead of the full hour you are promised. There is zero room for advancement or growth in the company. They have to hire people with degrees so they scope for recent college graduates and dont give them the full information. - Almost everyone you meet is trying to quit and look for a new job (70% turnover ratio) - Pay is very poor compared to the same role at competitors. If you want to work at a call center in finance do it at UBS / Edward Jones / etc. They will pay you better.

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    Vanguard2019-09-26
  4. Helpful (12)

    "Entry Level Role"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Scottsdale, AZ
    Doesn't Recommend
    Negative Outlook

    I worked at Vanguard full-time for more than a year

    Pros

    -They pay for your Series 7 & 63 -You learn a lot about the industry

    Cons

    -Low pay -Horrible management -If you want to get off the phones, it will take at least 3 years -At cost company, no commissions, they don't value their employees hard work -High company turnover -They get nothing done

    Vanguard2019-09-23
  5. Helpful (3)

    "Business is moving fast"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Manager in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Vanguard full-time for more than 3 years

    Pros

    The company has an excellent reputation and there's plenty of opportunity for professional development.

    Cons

    The business is moving so fast it's making decisions without proper research and decision making.

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    Vanguard2019-10-03
  6. "Good Place to Start Career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Brokerage Professional in Scottsdale, AZ
    Recommends
    Approves of CEO

    I worked at Vanguard full-time for more than a year

    Pros

    You will learn a lot about the industry. They will pay for your licenses have a great benefits. 401k bonuses are unmatched to any other employer.

    Cons

    Because of high 401k bonuses, salary is generally low. Very mundane work call center environment. Little room for growth

    Vanguard2019-10-09
  7. "A strong mission with a bright future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Marketing Manager 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Vanguard full-time

    Pros

    Vanguard's core purpose is something everyone can get behind. I feel confident that I'm doing important work and that it's making a difference in peoples' lives.

    Cons

    Typical large company politics. Not much diversity, especially at the management level.

    Vanguard2019-09-24
  8. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Vanguard full-time for more than a year

    Pros

    Good work-life balance and benefit plans

    Cons

    Formal wear, no recreation/play areas inside buildings

    Vanguard2019-09-19
  9. Helpful (28)

    "Has success spoiled Vanguard?"

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

    I worked at Vanguard full-time for more than 10 years

    Pros

    -Company mission to deliver low cost investing -401(k) with nice match if you meet vesting schedule -Health insurance coverage more comprehensive than most in today’s market -Many dedicated coworkers

    Cons

    -Transition to new generation of leadership has allowed too many self-serving, mendacious bullies to ascend to key positions -At its worst, company is a blend of religious cult, high school clique and dictatorship -Shamelessly parades workforce “diversity” to the public whenever it suits their needs -IT systems antiquated and inadequate for business needs -Actively discriminates against older workers

    Continue reading
    Vanguard2019-08-26
  10. Helpful (13)

    "Good Start to Your Career (don't expect anything else)"

    StarStarStarStarStar
    Former Employee - Personal Investor in Scottsdale, AZ
    Negative Outlook

    I worked at Vanguard full-time for more than a year

    Pros

    Great start out of school to get your exams out of the way and a foot in the door. Great health insurance with an on site Nurse Practitioner Good PTO (but competitive PTO offered elsewhere despite what they may tell you) There is zero shame in taking PTO and using your full balance

    Cons

    - Manipulation: given this is a lot of people's first job out of college. Management grooms employees into thinking Vanguard is their best and almost only option. They lie and say the job is competitive to other employers, however, do not fall for this notion. There are MANY great employers outside of Vanguard that offer same if not better benefits. -After you pass your 7 & 63, there is no more knowledge that is acquired. (My advice is to sign up for your CFA or CFP on your own ASAP after the exams to continue your own self-development because you will not get it through the job; expensive but worth it in the end; don't wait to be "accepted" into their corporate programs) -Poor Management: Management is run by 24-30 year olds who, except for a handful, are more worried about their dating life within the company and can be some of the biggest gossips. It creates a very unique and odd work environment reminiscent of a high school clique. -Micro-management: While interviewing at other companies, it was a huge laughing point that there is a literal button you have to push to use the restroom at Vanguard. It is quite ridiculous to treat adults in such a way; additionally management is instructed to be very strict regarding the usage of this button -False Promises: Management lies and promises positions/responsibilities to employees for years to string them along in order to ensure employees do not leave the company. (This happened numerous times to numerous people and once you start you will hear story after story just like this) -ATTN New Employees: Vanguard is going through its' biggest reorganization in its' history. They have been very honest about the rough road that lies ahead while everything calms down. While this is occurring there is essentially a hiring freeze internally, where people are required to do another year within their job they were assigned during the restructuring. Due to the current lack of movement, be prepared for a long road ahead to move up in the company if you choose to stay as there will be many people that will be posting out to other positions at the exact same time. -Company is not run on merit, positions are awarded completely based on if someone has (for the lack of a better term) sucked up to management enough. -Additionally, new employees keep in mind despite how they may sell you the job...with the new reorganization you will be changing passwords and addresses for at least 6 months. Do NOT expect any financial development or you will be very disappointed. My overall advice if you are looking to move up in the finance industry: be grateful for your first job out of college, take the exams to build your resume, do not have a complacent mindset (or you will get stuck there), sign up for your CFP or CFA ASAP, start interviewing at other companies about 4 months before your 1 year mark, and then leave on or shortly after your 1 year mark as anything shorter looks terrible on your resume.

    Vanguard2019-09-15
Found 2317 reviews