Vanguard reviews

3.7

68% would recommend to a friend

(6,317 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 6,317 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
3.0
Feb 15, 2011

Good place to retire from

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

10% of Salary to 401k, 4% more matching on the 401k. Pretty flexible with schedules.

Cons

There are definitely promotion 'quotas' that must be filled regarding minorties and women. We had a very bright guy leave the company because he wasn't promoted. Mgmt was baffled and kept saying if he could have just waited 6 more months. A manager actually admitted that everyone up to his principal was 100% behind him being promoted, but when it whent to corporate, they had to promote a certain % of minorities and women first and he fell below the line. Training is often lacking. Perception is far more important than reality. Bonus structure was radically changed drastically reducing from mid-level mngmt down. However, upper level bonus structure remained. Raises do not, in most cases, keep up with inflation.

5.0
Jun 16, 2009
Recommend
CEO approval
Business Outlook

Pros

Vanguard's motto is 'We Lead', and they do, in a number of areas, including: Senior management integrity; reputation; customer focus; challenges; technology usage; location; esprit d'corps. I find it interesting that many of the negative comments here come from lower-level positions as compared to competitors firms.

Cons

It's true that the quality of middle management is mixed. A lot of one's experience here will depend on who you work for--so be careful and selective, if you can. Managers, unfortunately, are promoted based solely on results and not on a balanced review of how they steward the 'crew' trusted to them and other resources. IT and the business divisions are in different universes. In general: Avoid IT at all costs.

5.0
Jan 8, 2009
Recommend
CEO approval
Business Outlook

Pros

You can feel great about the place and the work you're doing. While many other financial firms are imploding and/or ripping off their clients, Vanguard continues to stand out as a steady, ethical company that does what's best for its clients. The people are friendly and the atmosphere is caring. The company tries hard to encourage people to build careers, and invests heavily in developing its employees.

Cons

Two drawbacks. First, while the brand is well known and generally respected among investors, it doesn't have the broad "sex appeal" of some other financial firms. You probably won't get an "oh, wow" when you tell people you work there. Second, the company tends to recruit primarily from local areas and tends to grow its own talent, so you'll generally find that peers' diversity of perspectives/experiences is somewhat limited.

Viewing 5734 - 5736 of 6,317 Reviews

Glassdoor has 7,008 Vanguard reviews submitted anonymously by Vanguard employees. Read employee reviews and ratings on Glassdoor to decide if Vanguard is right for you.