Pros
Work life balance is taken very seriously! 20 days off per year and since nobody is setting the world on fire here, you can take them guilt free. Recruiting practices focus on hiring women, at any cost almost. If you're a talented guy, this will feel wrong- and it is, albeit for the better good. They don't like firing people very much, you can be exceptionally mediocre here and collect your paycheck.
Cons
This isn't a place for smart innovative people that are high impact focused. It is a very SLOW company, in their language "methodical." If you are the type of person that likes predictability and not be demanded to innovate then rate it 5 stars. They will say they like to innovate, however, this isn't true. What they mean to say is they like finding new ways of saying the same thing. Lastly, most financial firms are built upon meritocracies. Vanguard is the complete opposite of this. It is extremely political. If you like this great! However, if you are hoping people notice your great talent due to your great work- it's not going to happen. They will say this is because it's a humble culture and don't want to elevate anyone's station. This is dishonest. People with sub par qualifications will advance over the shakers & movers of this world if they have what vanguard calls "advocacy." This word means " a lot of friends in high places." If you work here, keep in mind this is the most important thing if you are to advance.