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14 people found this helpful  

Calling All SEMI-SKILLED Labor!!! Vanguard doesn't lay anyone off, they just need warm bodies

Current Employee - Client Relationship Associate  in  Scottsdale, AZ (US)
Current Employee - Client Relationship Associate in Scottsdale, AZ (US)

I have been working at Vanguard full-time for more than a year

Pros

- They'll teach you finance, actually this is a Con.
- If you're a girl they'll hire you
- Flexible schedules
- Lots of opportunities for OT,
- IF you have a competent team leader(there's about 1 per floor) lots of opportunities to advance your career.

Cons

Since Vanguard doesn't lay people off they accumulate worthless employees who without a doubt have been fired from their previous employer.

The board that runs the company are masters of paying their employees less but offering lots of benefits that are all tax breaks on the bottom line for the company. Therefore they can pay their employees less and say their total benefits package is one of the best.

They could teach you finance, HA if the trainers knew the difference between live stock and preferred stock. If you don't know anything about finance the trainers appear to have a wreath of knowledge but if you know what the Wall Street Journal is the trainers are inept.

The team leaders come from supervisor backgrounds such as, hotel front desk, banquet preparation, Kohls, amature skier, golf pro, gov clerk, and Vanguard accelerated Development program, these VADP kids are all girls psych, poly sci, communication, and ASU laughable BIS degree (2 minors makes a major). Did I mention anyone with a business background nope. Good luck finding a knowledgable TL.

Advice to ManagementAdvice

Get rid of the people that suck at there job

Other Reviews for Vanguard

  1. 2 people found this helpful  

    Vanguard Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Service Administrator  in  Valley Forge, PA (US)
    Current Employee - Service Administrator in Valley Forge, PA (US)

    I have been working at Vanguard full-time for more than 3 years

    Pros

    Vanguard offers good benefits and the corporate culture is strong. Overall communication with management and senior management is also readily accessible.

    Cons

    When compared to other companies in the investment industry, Vanguard has a low median salary. This is already known and Vanguard has a reputation for having low salaries.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Are You Feeling Lucky?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer  in  Malvern, PA (US)
    Current Employee - Software Developer in Malvern, PA (US)

    I have been working at Vanguard full-time for less than a year

    Pros

    Ridiculously good job security
    Good benefits package. You get lots of time off, teams are starting to warm up to telecommuting and flex hours, and the pay isn't super bad right out of college.
    The place is barren after 6:00 PM. Very good work/life balance.

    Cons

    Ridiculously good job security (lack of layoffs and firings breeds complacency and laziness.)

    They're very far behind technologically, but I feel that this is no different than anywhere else in the financial industry. If you get on the right team, this isn't as bad, but the peak is somewhere considerably below other industries.

    Here's the biggie - you aren't being hired for a specific position. This means that you can be hired for a position that doesn't take advantage of your strengths, and in some cases, any of your skills. Vanguard likes to do this because they believe that they're hiring you for a career, not a job, and in a couple of years, you'll be able to move on to something you, um, enjoy. Thing is, anyone who is confident, intelligent, and generally, worth employing, will leave and take a job that lets them do what they enjoy *right now.* That's why I've got some interviews scheduled.

    Basically, Vanguard can be amazing for the right person. It can also be awful for that same person. It depends on where you land, and that's anyone's guess until you show up for the first day. It's all about winning the lottery. I applied to be a "Java Software Developer", and I don't get to do Java, or software developer. Are you feeling lucky?

    Advice to ManagementAdvice

    Address the cons.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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