Vanguard reviews

3.7

68% would recommend to a friend

(6,300 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 6,300 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
Dec 4, 2017

Run and never look back

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

PTO, benefits, they will pay for you to get your licenses and CFP

Cons

Low pay- and they will lie to you and say it's competitive. Initially you will get decent raises and then they will find every excuse why you will only get a 1% raise after your 3rd year. You are just another employee that is replaceable- example: a couple of years ago a crew member took their life in the Scottsdale parking garage. The entire campus received an automated message stating to not come in until 10 am. When we came in the managers were "business as usual" those were the actual words my manager said. Management's then concern was how to increase department service levels because the campus opened late. If you don't become a mindless minion they will micromanage you until you are miserable and quit. They are abusive. I only had 2 good days there. The first day I started because I didn't know better and the last day when I put on my sunglasses, flipped the building the bird and rode off 2 hours before I was actually supposed to leave. They will tell you how wonderful you habe it with them. Don't be fooled. I felt like I was leaving an abusive spouse that beat me for the last time. Management is like a cult. Several members in Scottsdale are part of something called landmark. Google landmark. It is insanely expensive and you commit several long weekends away from society doing God knows what. My manager would push landmark on me during every meeting where it was just the two of us. It was uncomfortable to tell her no and I felt I had to make excuses why not to go with her. After that she micromanaged every breath I took. Suddenly I was the worst employee she ever saw. They brag about 37.5 hour work weeks. In reality they will force 30 minute lunch breaks on you half the year so they don't have to pay overtime.

2.0
Jun 5, 2017
Recommend
CEO approval
Business Outlook

Pros

As others have said, a GREAT resume builder. It can be tough getting your foot in the door in the securities industry, and Vanguard is just low-paying enough that it doesn't attract all that many people. If you can afford the record-breaking lows in terms of industry compensation, stick out a year for your licenses and book it. Lots of folks will list this as a 'con,' but Vanguard's culture really does come off as inclusive, friendly, and caring. The company promotes this happy, feel-good kinda hugbox that pushes even the most curmudgeonly people into being supportive and affable. Benefits are top-notch, and a good deal of your co-workers are going to be kind and thoughtful. Really lovely people were working at the Scottsdale location when I worked there. This includes some of the management, too; some of the team leaders are absolute assets to the company. The operational issues with Vanguard are so glaring it is incredibly easy to convince my clients with assets in Vanguard to defect. The investment products and funds Vanguard has to offer are some of the industry's best. John Bogle is an absolute genius. McNabb's kind of a twerp.

Cons

Compensation is pitiful. Recognition of work of any caliber is hard to come by. Employees who are top performers get their name published in an e-bulletin board (and maybe even a Harkins movie pass for two!). Employees who are poor performers/just plain incompetent are kept on payroll. All employees are kept in the dark. There are managers and associates in literally every department who have absolutely no goddamn idea what they're doing, even after years of being in that department. It would be incredible if it weren't so sad.

Viewing 142 - 144 of 6,300 Reviews

Glassdoor has 6,991 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.