Vanguard reviews

3.7

68% would recommend to a friend

(2,017 total reviews)

Salim Ramji

76% approve of CEO

66% positive business outlook

Reviews by job title

2K reviews

Reviews about "Compensation"

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1.0
Dec 22, 2024
Recommend
CEO approval
Business Outlook

Pros

bonuses. I seriously cant think of anything else

Cons

I was flabbergasted that they had been trying to be a broker dealer for 12 years when I got there. I worked at Schwab as an institutional equity trader for approx 15 years and couldn't believe the ineptitude at Vanguard. I, at one point was told by my manager, to tell customers to go to Fidelity if they needed any sort of hand holding with their so called "state of the art computerized account system". (doesn't work BTW). I was also told that if a customer called and said they were handicapped (and couldn't use the computerized system) I was to ask them what their handicap was. The company was on a quest to get rid of their older clients who weren't computer savvy. When I pointed out that the older clients probably had the most money with Vanguard, I was shut down and labelled a trouble maker. I had a customer call in to say that they had been trying to have a $1,000,000.00 check deposited to their account for OVER 1 YEAR. I looked it up and sure enough it was true. But no divisions talk to each other! I tried for 2 months to get someone/anyone to listen to me and no one would. I have SERIOUS reservations about Vanguard. I would like to point out that they are going to be hit with the PAYPAL/HONEY scandal that is about to hit the fan. They are one of the 5 top major shareholders of PAYPAL/HONEY and IMHO the class action suit could cause major problems for them since they have absolutely no idea what they are doing over there! Its a good thing they aren't public so no one really knows what is going on behind the scenes. I knew who the head of Schwab was and met him when he would walk around..I couldn't tell you who my bosses boss was at Vanguard...

2.0
Dec 21, 2024
Recommend
CEO approval
Business Outlook

Pros

-It can offer stability and there are some good teams to be on. It all depends on the manager & management you work under.

Cons

It has gotten worse. No money for most crew for conferences or for travel (unless you're a senior manager or executive), or live training w/travel. Bonuses and partnership are smaller. They have a woke DEI program that fails to protect against Ageism and favors Indians over white people. It is now mostly an Indian run company, especially since its last inside-picked CEO turned over the reins to an Indian outsider from Blackrock who now is investing in India by opening a new center in Hyderabad India.

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