Vanguard reviews

3.7

68% would recommend to a friend

(6,299 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 6,299 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
Jan 9, 2018
Recommend
CEO approval
Business Outlook

Pros

If you can actually tough it out a few years you do get a good amount of vacation time.

Cons

If you are on the phones your days are long, depressing and stressful. This company used to be a great place to work until they changed our partnership ship which affected tenured reps trying to provide for their family just to save a few bucks. They also made several thousand people non-exempt employees. Which means no more year end bonus. The raise we get every year when it's review time? On average a very sad 1.5%. Does not even come close to meeting the cost of living. The place has become nothing but one giant metric. Customers don't come first, metrics do. In the old days, if you wanted to be a Flagship Representative you had to have experience and tenure within the company. Now they are taking kids fresh out of school with no experience or at best someone who just started the company 9 months ago. Think about this for a minute. The average phone rep is around 24 years old. That means that they were 14 when the market crashed in 2008. Do you really think that a multi millionaire investor would feel good knowing the person they were talking to was in 8th or 9th grade when the market crashed? How could they possibly relate to any of the investors? They can no longer retain tenured reps or even management. I would not recommend this place to anyone. I use to enjoy finance and helping clients but honestly, they broke me emotionally and physically. All they care about is lowering the expense ratio of their funds which affects the employees financially.

1.0
Nov 21, 2017
Recommend
CEO approval
Business Outlook

Pros

The hours aren't bad and people are really friendly. Also give you a lot of support throughout licensing. If you want to get into the financial industry and don't get an offer anywhere else it's a good place to get your series 7 and 63 and then get out.

Cons

The job itself. I was not aware during my interview what it would actually be like. The job description is entirely misleading- the actual job is only 25% of the description the other 75% of the time you are getting yelled at by clients for vanguards disorganization/incompetence or trying to walk them through the website. I was also not aware that bathroom times would be monitored. They actually track the time you take to go to the bathroom. It's absolutely insane. If they told me that when I went on my interview I would walk right out. Your supervisor cares about how long you take too. Each week mine would send out and excel spreadsheet that had the exact time you clocked in how long you took for your "break" (bathroom) time and how long you took for lunch. If you were over your given amount by even 2 mins it would be in red and my supervisor would sit us down to "make us aware so it doesn't become an issue". Besides the bathroom timing and micromanagement my main issue was that it wasn't the job they made it out to be. A majority of my training was investment guidance which is what I thought the main job would be and all the angry clients yelling at you and cursing at you on the phone because vanguard has some ridiculous policy or something didn't go right would be a rare occurrence in your day. I was wrong it's completely flipped. 80% of the 50 calls I took each day were angry clients. I was out of there no way did I go to college for that crap. Also your manager is probably not going to be helpful at all. They say if you have an angry client yelling and cursing (literally cursing not an exaggeration) then you can give the call to your supervisor. That's wrong. Your supervisor will just tell you to try to "de-elevated" aka calm down the client so they don't have to deal with it. I found most of the supervisors or "team leaders" in my department incompetent. Honestly I don't think any of them went to school for finance or have even have an interest in finance. All they pretty much do is track your bathroom time. Final warning: the funds are so cheap for a reason. They hire poor quality management due to poor pay for employees. They are way below industry standard in employee compensation than any other competitive firm. They are an "at cost firm" meaning employees are treated like crap hence the bathroom timing because apparently bodily functions take away from company time aka cost vanguard money (keep harping on the bathroom timing but I'm just still traumatized)

1.0
Jul 13, 2017

Just say no. Not worth it

Recommend
CEO approval
Business Outlook

Pros

Partnership. Decent co-workers and pleasant physical location.

Cons

No matter what you hear, just don't come here. I spent 15 years hoping it would get better but no such luck. The atmosphere is one of Romper Room. The biggest tattlers are the ones that get promoted. You can be the best at what you do but if you are a person that chooses to just do your job and not "network" then you cannot succeed. Its all about being "liked" or how many lunches or baby showers you attend. The other huge problem is being a person over 40. You WILL be forced out because you will now be in a position to start costing VG $$$ for your retirement benefits and such. After more than 14 years of stellar reviews, I hit that 40+ window and suddenly became dumb as a rock. It was time for me to leave at that point. Get my benefits and go.

Viewing 109 - 111 of 6,299 Reviews

Glassdoor has 6,990 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.