Vanguard reviews

3.7

68% would recommend to a friend

(6,305 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 6,305 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
Apr 22, 2013

Very political, lateral moves required before promotion wasting years

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The people you work with are great, some managers are amazing.

Cons

Upper management rotations are a mystery to me, they come from an area completely different and often have no idea what they are doing. It's said to be for the benefit of the company but when you move somebody as they are getting the hang of the job or don't put somebody that's more deserving because of politics, it disrupts the company as a whole. There are no 'promotions' unless a spot opens up. This means that someone needs to get fired, retire or move out of the group for you to advance. Lateral moves within the same pay grade into a completely unrelated field is often required to be in a group where someone is about to retire so that you can have a chance at taking their spot and that obviously requires you to be competent in the new position which requires more years. This company at times feels like a complete dead end with no advancement opportunities. After 20+ years at this company I've seen enough people get screwed over and so many good people leave that it makes me sick. New people are great but not at the cost of all of the experience. It blows my mind that this company would rather have an experienced person move and become a completely inexperienced worker to have a chance at a promotion. The groups lose valuable experience and causes extreme discontent and instability within the company.

3.0
Apr 22, 2013
Recommend
CEO approval
Business Outlook

Pros

Company is built upon a platform of core ethics, and are committed to those values. Great people in the company. The drive for quality is impressive

Cons

Work life balance is only a concern at upper management levels, at middle manager levels, they throw it out the window Low cost provider means they regularly retract and downgrade benefits. In the 15 years I was there, they got worse EVERY SINGLE YEAR. Vanguard actively tries to get rid of senior level non principal employees to reduce costs. As such, knowledge erosion is a horrible problem there. Many systems are barely supported thanks to reduction of staff and senior level knowledge/skill holders. Pay is below average in the industry, and they actively work to reduce it even more

5.0
Apr 14, 2013
Recommend
CEO approval
Business Outlook

Pros

Excellent compensation, professional, supportive work environment, an industry leader, unique ownership structure

Cons

Limited opportunities for professional development, unclear career paths

Viewing 5926 - 5928 of 6,305 Reviews

Glassdoor has 6,996 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.