Vanguard reviews

3.7

68% would recommend to a friend

(6,304 total reviews)

Salim Ramji

76% approve of CEO

66% positive business outlook

Vanguard has an employee rating of 3.7 out of 5 stars, based on 6,304 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Vanguard employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

6K reviews
2.0
May 13, 2015

Good and bad

Recommend
CEO approval
Business Outlook

Pros

-Total compensation after many years was worth it. -Benefits are great, including PTO , etc. -Ability to move around the company and experience different departments. -If you have a good manager they will take you with them. Recognized the good ones! -Flexible work schedules -Diverse workforce... Except at upper management/executive level. -That's about it. 15 years and that's all I've got.

Cons

-While ability to move around exists... Ability to move up does not. Unless you "know" someone. After multiple distinguished ratings I couldn't seem to get to the next level no matter what I did. -Favoritism is rampant. As with all large companies, it is who you know and where they are, not necessarily what you do. -The "graduate programs" are a joke to the long term loyal employees that have put in decades of work to this company. Let's bring in a college graduate, let them rotate departments for a year and a half, and then land in a position equal to mine, at higher pay than I had after 15 years working my way up. Better yet, how about an MBA graduate... Let's let them rotate for a year, wine and dine them, give them a signing bonus, and then have them land a level above me with much higher pay... After you used me and my 15 years of loyalty to train them. Vanguard, your talent is within... Look for it, recognize it, and use it instead of bringing in fresh blood who will use the experience, your name, and the "stepping stone" and leave in 2 years! If you are a new graduate this is a great place to start! They love their graduate programs... You will be spoiled, highly regarded and rise to the top in a heartbeat! Do it! -If you are 6+ years tenure, and stagnant at a bonus level (D and above) , they will find a way to force you out. It costs more to keep you than to hire a new graduate. If you are late in your career this is not the place for you. -They encourage independent thinking... But not really. If you have your own thoughts and new ideas this is not the place for you. -I could go on but I am adhering to the rules not to rant. My hope is to give inside information to both new prospects and existing employees. It truly was a great place to start. I didn't think I'd be there as long as I was. And because I was, I saw how poorly they treated the long term employees. The benefits and pay (total compensation accounted for) are fantastic. -My advice... Get your start here you recent grads... Use the name and reputation to further your career and then get out before they hook you in and eventually force you out.

1.0
Oct 9, 2014
Recommend
CEO approval
Business Outlook

Pros

There is a bright side to Vanguards corporate Vandroid culture, if you like being a financial phone operator taking roughly 60+ calls daily, having clients complain for constant errors made by Vanguard crew, and being attached to a cubical for 8 hours a day, then this might be the job for you. The ONLY positive note worthy of mentioning is their PTO, they offer 16 days for new hires.

Cons

I have worked for Vanguard for over 6 years, I've seen many company changes in my time here, and sadly most have been negative. The overall salaries compared to the industry average is well below 15%, they like to promote they make up for the difference by offering better benefit packages. However, recent benefit changes in 2011 have left employees footing a majority of the cost, due to Vanguard downsizing the health care plan coverage over the years. Thus making their argument for paying their employees at a lower salary as obsolete as their technology advancements for crew and clients alike. The company provides employees with bonuses aka movie tickets and candy bars to show its appreciation for your hard work, a kind gesture if I was 10 years old. The annual year-end review may have a slightly higher bonus; the only requirement would entail having to kill your self all year to receive a mediocre average 3%-5% raise. Diversity is non-existent at Vanguard, management controls every aspect of your career progression, and if you don't fit into the white collar polished image it will most certainly limit your opportunities. Be weary of the cult-like atmosphere, be sure to drink the koolaid, if not you won't go far in this company. People don't come to Vanguard to flourish their careers, they either start a career here not knowing any better, or come to retire after working in the industry at another company. Do your self a favor and look somewhere else.

Viewing 304 - 306 of 6,304 Reviews

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