“If you're looking for a good and stable investment fund that has really proven itself over time, the Vanguard Group is a great company to use for long term investments. There history has really proven in my eyes that you can count on them for giving solid returns, which I attribute a lot to how they have set up their company itself. It's not a public or private company, it's owned by the investors, so everything they do is with their investors interests truly at heart.
The pros of Vanguard as an investment agency and company for me are that firstly they have a great selection of funds. They offer a really broad range of mutual funds and ETFs, known to be used if you're looking for stable investments. If you have an idea of one you want or an area you want to invest in, good chances are Vanguard has it. Another pro is that the they have some really handy tools to help you invest well like the Vanguard's screener which helps you find the right fund based on your investment criteria like asset class, minimum deposit, risk level, tax efficiency, and share class.
Customer service is also something that Vanguard does exceptionally well. Not only is it usually very easy to get a hold of someone, with usually low wait times even during peak hours, but I found the people working the phones are extremely knowledgeable and just generally nice to talk to.
Some of the cons though of using Vanguard is that it's a little expensive to invest in stocks and non-Vanguard ETFs through Vanguard, so I'd stick to their funds. They're also mostly only good if you're looking for passive investments in mutual funds and ETFs, they aren't really an efficient broker of stocks. Lastly the minimum investment for any Vanguard mutual fund is $3,000, which sets the entry barrier a little high.
Vanguard is a great company if you're looking to invest in ETFs or are looking to use their funds, but if you're looking for anything outside the realm, even though their service is great, I'd recommend using a different stock broker.”
“I had a really great experience at my interview for Vanguard, made it all the way to the end but didn't get an offer. The initial phone screen is very easy and straight forward, the rep who contacted me was very friendly and knowledgeable and spoke with authority (very rare for phone interviews). If the phone interview goes well they'll bring you in for an in-person interview (sometimes flying you down to the location you're applying to). The in-person interview involves a case study (which I didn't do well on) and some behavioral type questions. Even though I didn't get the job I found the interview process to be really great.”
“Everyone at Vanguard starts at pretty well the same position, a sort of call center customer service/analyst role. So it's a great place to be if you're looking for an entry position, and then opportunities to move up in the company! Best way to move up from that position is to be patient, constantly achieve your quotas, and be proactive asking your manager for feedback and how you can improve to move up!”
“Really depends on the role but in general it can be quite repetitive, sometimes a little boring. We have very defined roles and responsibilities so you can't really deviate too much. There are quite a few meetings and some group work to do so this can be fun as I found most people working here have a good head on their shoulders. It's not a job that you have to grind out all day to hit your goals, but it's also not a job where you can sit around and not do anything.”
“I've been working at Vanguard for over 10 years and have been able to grow my career to a level I honestly never thought I'd be able to. In the past I found it hard to work in some workplaces. Some managers are overly aggressive, while others don't seem to care at all what you're doing, and I felt lost in the working world.
I came to Vanguard and what really set the company apart from the rest was how positive of an environment it was and how much I actually enjoyed working there. This was the first time I had managers who seemed to care about my long term success and invested their time into teaching me and giving me feedback on things I could do better. It was never overly pushy, but they would always be there and make themselves known that they were there if I needed anything.
My co-workers have also supported me along the entire process and I wouldn't have been able to do it if it weren't for them. Lots of family people who are 'present' and genuinely nice to be around on a daily basis. We know how to work efficiently and get what needs to get done done, but we also know how to relax and have fun. I actually look forward to meetings because its times where we come together and are always able to find a collaborative solution.
What makes Vanguard a positive workplace is the people. Both my managers and my co-workers have helped me grow so much during my time here and I couldn't be happier with the choice I made to join this company now almost more than 10 years ago.”
Vanguard actually has a really good benefit package that starts off good from day one. First two years you get 18 days PTO (+ the usual 9 or 10 paid holidays), and you can buy a week of PTO by getting a paycut on a check. We get phone plan discounts, really good health, dental, and retirement benefits, and a subsidized gym membership. They also give pretty good yearly bonuses and 401k matching on top of an already comfortable salary.
It really depends where you're working in the company because since we're such a big company, there are definitely some teams with bad management. Overall though I found the management teams to be very professional, calm, and helpful. I've always been able to ask my manager for feedback on my work and I've never really had a manager that I didn't like to work for.
Vanguard is a fantastic place to build your career in the finance industry. The company is first of all very stable, and we just continue to grow year over year at a stable and slow rate, so there never is any crazy instability. There are really defined paths for growth and lots of opportunities to talk to HR and management staff who I found genuinely want to see people grow with the company. There's a definite sense of teamwork here which I feel comes from all of us pretty well starting at the same position.
“Vanguard itself was an innovation when it started more then 40 years ago. Investors at the time didn't think it was valuable at all to make a fund that didn't charge high premiums and didn't give their investors the opportunity for super high returns. Well Vanguard really showed them growing from $11 million to over $4 trillion in assets under its management in these short 40 years.
So is there room to innovate at Vanguard? Well to be honest I don't think we can really innovate over the core strategy that has made Vanguard successful which is invest in the stock market itself. ETFs and mutual funds are the core of what has made Vanguard successful, and we have some of the largest options of mutual funds and ETFs available in the world. People choose Vanguard for its stability and consistent returns on the market, no matter what.
There are some people who find it frustrating joining the company, being here for a few years, and wondering why we aren't taking more risky moves, but Vanguard is built on selling low cost ETFs and mutual funds that represent the overall market, and this is how we've proven to build a stable long term investment strategy that will continuously gain returns and give compounding interest to our investors.
As new markets continue to develop there will definitely be opportunities to enter these markets and build funds based on these opportunities, but the majority of work done at Vanguard is more about managing these funds and making sure our customers are happy and constantly receiving growth.”
Vanguard is a company focused on providing their customers with the best financial investment services, focusing on giving their customers low cost mutual funds and ETFS, and advice in the individual investors, financial professionals, corporate, and institutional investor segments. Vanguard has structured itself not as a private or public company, but instead a company that is owned by its clients.
Founded in 1975 and headquartered in Malvern, Pennsylvania, Vanguard is run by it's current CEO Mortimer J. Buckley, CFO Michael Rollings, and CIO Gregory Davis. Vanguard has grown to be one of the largest financial investment firms in the world, growing quickly from it's founding just over 40 years ago, to having over 16,000 employees spread out across 17 different offices.
With Vanguard growing year over year and having a very stable business model of focusing on long term investments, Vanguard is constantly hiring for a wide variety of roles. The majority of positions are in the financial analyst and customer service disciplines, however Vanguard is also hiring for human resources, operations, technology, business analysts, business consultants, project management, and management positions. With over 300 jobs posted on indeed and 1,700 on glassdoor, there are many open positions available to join the Vanguard team.
Positive reviews from vanguard employees report enjoying: the company being great for new college graduates, the very friendly work environment, the ample opportunities for upwards mobility, the high quality of training in business best practices, and the high quality of the mutual funds offered.
Negative reviews from Vanguard employees report being frustrated with: the lack of worldly impact, the mundane and repetitive nature of the work, the large size of the company and the bureaucracy that comes with it, the pockets of bad management, and the difficulty of finding new challenges.
Vanguard has 3 core values that drive how the company interacts with their employees and investors, driving the company forward for continued growth in the future. These 3 core values are:
- Integrity. As an investment firm Vanguard must always be the most trusted party when it comes to making decisions. Vanguard stresses to it's employees that they must always act with the highest degree of integrity.
- Focus. Vanguard is responsible for hundreds of thousands of peoples core assets. To ensure the company is always doing what is right for their investors and for their employees, everyone must always be focused on their jobs and what will be best for the future.
- Stewardship. Vanguard has been a revolutionary investment firm that has changed how investors approach their portfolio's. Vanguard wants to continuously be the steward that changes how people invest in mutual funds.
Why are you interested in working at Vanguard?
Tell me about a time when you had to deal with a team member who wasn't pulling his weight.
Describe a time you took a leadership role.
Tell me of a time you missed a deadline. How did you handle it?
What are you interested to get out o your next job?
Vanguard was founded by John C. Bogle, a graduate of Princeton university, who in his early days recognized that most mutual funds did not earn any more money than if they had invested in stock market indexes because of the management fee associated with it. He wanted to change this, and after graduated from Princeton, joined the Willington Management Company. he grew in the company from 1951 to 1966 and forged a merger with a fund management group in Boston where he later became president and CEO. The merger did not end successfully and so John Bogle was fired from his position.
After leaving the firm that he got fired from, he rejoined the Wellington Management Company and created a separate fund division called Vanguard after Horatio Nelson's flagship at the Battle of the Nile. Bogle saw an opportunity of investing in a passive fund that was tied to the performance of S&P 500, giving people the opportunity to invest in stock market indexes only held for investment firms.
The company grew slowly, through slow methodical year over year growth. Growth accelerated at the beginning of the bull market in 1982, and the 'Bogle' model started to get copied by competing companies. These companies were not successful as they typically charged higher fees, defeating the purpose of index funds. Vanguard released funds that reflected the total state of the stock market, giving investors their first opportunity to invest in funds of such a quality. These funds soon became some of the largest funds in the world. Bogle retied in 1999 when he hit the company's mandatory retirement age of 70. With over $4.3 trillion assets under management in 2010 Vanguard has been named the world's second-largest fund company.