Vanguard reviews

3.7

68% would recommend to a friend

(6,298 total reviews)

Salim Ramji

75% approve of CEO

66% positive business outlook

Vanguard has an employee rating of 3.7 out of 5 stars, based on 6,298 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
Aug 23, 2019
Recommend
CEO approval
Business Outlook

Pros

401k match (10% auto + 4% match), PTO days

Cons

Vanguard use to be a customer service company that happened to sell mutual funds. Now we are a sales company that sells products. Managment promotes people based on self-reporting metrics that aren't monitored. If you want to get promoted, simply fake some metrics. You can be the hardest working associate but still get passed over by someone who is good at hiding their fake reporting, it happens all the time. There are also leadership programs that get priority. People just out of college get shot straight into management without the proper skills and experience simply because they did a leadership rotation. When you start and you're told the schedule is 37.5 hours a week (that is full time here), you should realize this company is okay with mediocre. Don't expect to ever work your way up because upper management has been here for 20 years and will never leave because they dont do anything. The firm expects you to lie to clients constantly. My role is currently being phased out and I'm being moved to another role. We have to tell clients they are losing dedicated representatives for a team approach because it is better customer service. In what world is having any random person help better than someone who knows you? Clients aren't that stupid and they are buying the lies. Things use to be better here, but ever since our new CEO Tim Buckley took over, moral is at an all time low and attrition is at a high. They provide good PTO but your days off are approve by software. Very common to get off middle of the week days but Mondays/Fridays can be tough, meaning an entire week is tough. Any day surrounding a holiday (day before and after Christmas for example) are "lottery days". You put in and pray you can spend time with family. You only get to enter 6 lottery days per year, even though there is almost 20 of them throughout the year.

2.0
Jun 18, 2019

Had enough - retired early

Recommend
CEO approval
Business Outlook

Pros

There are plenty of crew that actually care about doing a good job, and they are the one's keeping the ship afloat.

Cons

Toxic atmosphere allowed to fester, micromanagement to the point of bringing crew to tears, calling in sick because of stress, very few true leaders. HR allows management level to hire friends (ex-coworkers) and then write each other the good bonus worthy reviews while others are down rated based on perception or need to have someone ranked lower. Lack of communication or courtesy by managers just looking to move up the ladder.

2.0
Apr 24, 2019

Vanguard is losing its way

Recommend
CEO approval
Business Outlook

Pros

Great people Opportunities to move around the company Good ethical standards from a company standpoint Decent benefits

Cons

Accelerated development programs (be prepared to be outgunned for sought after roles like trader/manager/consultant/chief of staff by 22 year olds with no experience) Poor poor mgmt - just lost, there are some top down issues. Become a “yes man” or get out Low low salary I was a champion of VG for my first 4 years, I planned on being a lifer. I got promoted into roles I did not have the background to get-the old VG recognized and rewarded drive, initiative, work ethic, high ethical and business standards. One wrong group, a few wrong managers and my inability to shut my mouth when I saw poor business decisions lead me down a surprising path where I was forced out. Negating the above- the most difficult part to swallow is the accelerated crew. Standards are 100x higher for internal crew than for accelerated. You WILL lose roles you’ve fought for for years to 22 year olds. I would probably still be at the company if it weren’t for that program. Along with easily at least 10 of my former coworkers. Also- pay us more. Everyone is tired of hearing we’re “at the market.” We’re not, and there’s data to back that. Exposure does not buy me a house- please stop justifying low salaries by touting VG and the ‘exposure’ we get I am still very disappointed in VG. Did not want to leave. Did not feel as though I had an option. This is not the VG I knew.

Viewing 79 - 81 of 6,298 Reviews

Glassdoor has 6,988 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.