Vanguard does very little external hiring at the mid and sr. level. We hire thousands of entry-level workers out of college and rotate them all throughout the company - across divisions and functions. We have a general leadership philosophy / rotational culture and believe that anyone can do any job. While this sounds great, it comes at a price that is not appreciated There is little technical and functional expertise ..... and it is a significant enterprise risk
This is a homogeneous, inbred culture. Most outsiders aren't supported. If you didn't grow up here, it is going to be very hard to be successful. This is most pronounced in functional areas like Marketing, HR, IT, Digital, Sales and Finance. The track record of success isn't good. Do your research.
It is not a high-performing culture. Status quo is rewarded
Talent management is not transparent
Benefits are not great, and it is funny to read all of the positive reviews about them. For example, there is zero company match on the 401k plan for one year, and vesting is 6 years.
Low compensation
Tactical leadership
New ways of doing things and outside perspectives not valued. It is not an inclusive culture - and you should not be naive about this. The culture frequently crushes outsiders. The higher your job level, the greater the likelihood you will not be successful. Starting here as a M4 or above is a high-risk career move.
