Vanguard reviews

3.7

68% would recommend to a friend

(6,313 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 6,313 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
1.0
Aug 20, 2013
Recommend
CEO approval
Business Outlook

Pros

Large company, has decent benefits (not nearly as good as they used to be), flexible work hours

Cons

The company routinely demotes good employees and/or gives them bad reviews for no reason other than cost savings and to encourage people to quit so that they can be replaced by a recent college grad for half the pay and benefits. They don't like to say that they have lay offs, so this is what they do. There is no assistance once you have been told that your job has been terminated. The career outlook for older employees is bleak at best. They claim that they "promote from within" but even lateral moves are hard to come by, and you have to be in your current job at least 18 months before being able to apply for another position. This company has totally changed since Bogle left - now ALL they care about is the bottom line. Definitely not a good company for a long term career.

1.0
Jan 18, 2013
Recommend
CEO approval
Business Outlook

Pros

Site location, licensing for new employees, they cater to diversity, its a job, physical work environment is above average compared to BofA, Merrill Lynch, Schwab, and others in the area.

Cons

Don't be fooled by HR's only selling points of great benefits and a great place to grow a career. The benefits are on par with fortune 500 companies benefits. Unfortunately for every good supervisor or manager there seems to be one or two bad applies (other supervisors/managers). A lot of employees find their boss uses them at their expense to look good rather than being a coach, mentor, or leader. Basically doing the right thing can be very harmful to a lot of people's career at VG. Management does not practice what they preach. If you say ANYTHING possibly construed as negative it will be used against you, guaranteed. Many employees will throw others under the bus to get ahead or just flat out lie. Good people are leaving the company and I will be joining them before or in June I hope.

1.0
Dec 15, 2012
Recommend
CEO approval
Business Outlook

Pros

Steady Paycheck and a you can get a large amount of PTO after a few years.

Cons

The pay is horrible. This year they were handing out alot of Further Development Needed ratings at year-end like it was candy. Even though most of the people met their department expectations. And a FDN rating means no bonus. In my opinion this is their way to get people to quit so they can continue to brag that they don't lay people off. Every year they expect more and more out if it's crew but the compensation decreases. For example health care, merit increases, bonuses. This play just breeds massive depression. They lie to you from day one of your employment. Do not work here. After 5 years you will realize you have wasted your time.

Viewing 364 - 366 of 6,313 Reviews

Glassdoor has 7,005 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.