Run don’t walk away - 401k Senior Client Relationship Administrator Vanguard Employee Review

1.0
Oct 30, 2021
Recommend
CEO approval
Business Outlook

Pros

Used to be benefits but not anymore; awesome coworkers

Cons

Used to be proud to say I worked for Vanguard, can’t say that anymore. Under Mortimer the ship is quickly sinking. Mr. Bogle would be horrified at what has happened to his company. The ship logo, gone! The reward to crew for helping the company succeed, quickly wasting away by changes from upper management to only help line their pockets. The proudness people used to have for working at Vanguard, non existent. Benefits, what was once top benefits are now below average and getting worse each year. Mr. Bogle valued the crew that made the company what is was. Under new leadership EVERYTHING is being outsourced. Mail now goes through Texas, some processing is in India, phone reps in India and they told 1300 crew during the beginning of the pandemic they were sold off to Infosys under the premise of “it’s what’s best for vanguard and the clients. A new “robust” platform. It was just their way of getting rid of employees with tenure and cutting their bottom line. After 24 years I was told via a mass email my job would be transitioning to Infosys. NON EXISTENT LOYALTY!! Took away retiree medical plan which they touted as a great benefit for retirement then gave it back to current retirees only after a lot of bad press. Current regime does not value their employees. Pretty soon there will be no Vanguard left as it will all be outsourced either overseas or through “partner” companies. Not worth selling your soul for mediocre benefits and pay well below industry averages.

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5.0
Jun 20, 2026
Recommend
CEO approval
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Pros

Good balance and early career development

Cons

Minimal cons to be considered

3.0
Jun 3, 2026
Recommend
CEO approval
Business Outlook

Pros

Awesome coworkers for young professionals. Paid licensing for a few months.

Cons

Micromanagement is out of control. Incompetent team leaders who are obsessed with power and metrics. Back to back calls, limited support, and nearly impossible effective communication between departments. Zero time to cultivate culture because you are taking calls every second of the day except for 30min/1hr lunch and two 15 minute breaks. You’re locked into your role for over a year (apprenticeship for around 60 days, then a year after promotion to associate) and your team leaders will not approve internal applications unless you are “eligible”.

4
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