Pros
Vanguard remains the best asset manager in the business. They will be successful in spite of themselves.
Cons
There are many. But I had been a long-term crewmember and I have seen better days. It is also important to know that I loved working at Vanguard most of the time I was there. Unfortunately, the last few years have been the worst. Crew engagement is spiraling out of control and senior leadership seems to be apathetic with understanding why. My three biggest cons are: 1. Mid level leadership: Becoming worse by the day! Vanguard believes that their next generation of leaders is coming from the dozens and dozens of MBA new hires. These young and driven neophytes may be book smart, but they have no idea what it means to lead; nor do they understand the responsibility that comes with being a leader. Their goals are entirely self serving and they make it very clear they want to get to the next level. While this is common in many large financial service companies, it was never the Vanguard way... hark back to Jack Brennan's Back to Basics leadership initiative. Jack understood the importance of good leaders, this leadership team doesn't. 2. Rank and Yank.... If there was any doubt that this is common practice, I assure you it is. They use their forced ranking system to performance out older workers and minorities. Google Vanguard Lawsuits and you will see the multitude of articles written about these practices. It is a pervasive practice.They instituted a new severance policy last year to combat the influx of lawsuits. 3. "Pay for performance" translates to "the chosen ones get all of the money". The vast majority of crewmembers suffer with very low merit increases and bonuses.It doesn't matter how much you accomplish. It simply comes down to how much advocacy you have with your department head.