This is a detailed article stating whether or not Vanguard is a good company to work for based on its pros and cons. You can go through all the points mentioned in the article and decide whether or not to apply for the job at Vanguard yourself.
But before moving further with the article, let us give you all a quick overview of what Vanguard company is?
Vanguard Overview
Vanguard is one of the leading providers of mutual funds and exchange-traded funds. In addition to mutual funds and ETFs, they also offer brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services.
Vanguard is headquartered in Malvern, Pennsylvania, United States, and was founded by John C. Bogle in 1975. The company has been successful in providing jobs to over 17,700.
Reasons why you should work at Vanguard
1. You will be provided insurance
One of the great benefits of working at Vanguard would be the insurance that they provide. The company will not only cover your health insurance but also offer you life insurance, dental insurance, and free eye tests as well. You will be able to enjoy this once you are full-time with the company.
2. You can enjoy various programs
The company will help you succeed to your full potential by providing suitable opportunities through numerous programs. They will offer you an extraordinary health program that will help you with autism therapies, cancer care, and transgender services. Also, free coaching and mentoring programs to help support your family planning which includes adoption and surrogacy assistance. Not only that but, also free counseling sessions if you’re going through some emotional difficulties, stress-related issues, critical situations, etc while at work.
3. You will get paid time off
Once you are devoted to the company, they will start offering you paid sick leave, holidays, and paid vacation as well. A superior parental leave policy will also be offered to expecting mothers and fathers, as well as adoption, surrogacy, and foster care. As a full-time employee, you will get around 31 days of paid time off per year while for part-time employees, it depends on the number of hours you work.
4. They have an amazing retirement plan
They have an amazing 401(k) retirement plan with almost 5% matching. This way the company shows that they care for your financial freedom even when you are not working with the company anymore. So if you are planning to work at the company over the long term, then you will be able to enjoy an amazing retirement plan.
5. You will get parental/maternity leave
If you are expecting to be a mother, you will be given maternity leave of about four months. The company understands your priorities and responsibilities towards your family and not just cares about you working for them. They will help you reach your potential during your maternity.
6. They offer family-friendly services
Vanguard offers various programs for family planning. They will offer a post-secondary education scholarship for your dependents (children). Other family plans include a student loan repayment assistance plan, child and elder care plan, Carebridge program that enables you to balance your work life.
7. The management staff is amazing
The management staff at Vanguard is very understanding and helpful. This depends on where you work, but, for the most part, it has great and well-structured management. Not only that but the work environment, and culture are some of the best at Vanguard as well. You will find everyone there, being supportive of each other when needed. They also have plenty of projects to enhance your career development.
8. The job is easy to get
One of the best things, why Vanguard is a good company to start with, is the fact that it is a really easy company to get in with. The interview process is quite friendly. And hence the hiring process is not that tough compared to other big companies. So, Vanguard can be the best first job option for you to start with.
Reasons why you should not work at Vanguard
1. It can be stressful
If you’re about to work at the call center, expect the environment to be stressful, especially after covid. You are doing nothing but taking calls all day long with no company around you. So, if you are ready for that, then only go for the job at the call center. Otherwise, it will be tough for you to keep up with it.
2. The pay is low
One thing that comes under the negative category for working at Vanguard is its low pay. It is comparatively low compared to other similar companies. So, if you are expecting a high salary, then mostly look for another job.
Is Vanguard a good company to work for?
Keeping in mind the perks of working at Vanguard, it is a good company to work for. The work environment and the management staff at Vanguard are really good compared to other companies. Also, the job is easy to get. The company looks forward to satisfying its employee’s needs. They do so by providing various benefits like free coupons, insurances, paid time off, bonuses, various encouragement programs, and also an amazing retirement plan so you do not have to worry about your financial freedom later.
However, the one negative thing that matters the most while working at Vanguard is its low pay. In case they increase the salary, Vanguard is one of the best places to work at. But if the low wage does not matter to you much, then go for it. Also, keep in mind the other great benefits you will get to enjoy that will probably make up for its low pay.
That was all about working at the Vanguard company with its pros and cons.
Conclusion
This article would be concluded by saying that Vanguard is really a good company to work for especially because of its work environment and management staff which is way better than other companies. You will also be offered numerous benefits as the employee of the company from health benefits to paid time off.
But in case high payment is what you are looking for, then Vanguard might not be the best company for you to work at. Just go through the article, take a look at all the pros and cons of working at Vanguard. Then decide for yourself whether or not it is a good company to work for according to your opinion. And let us know what you think in the comments below.
Frequently Asked Questions
1. How much does Vanguard employees earn?
– The average annual salary of client relations associate is around $44,337.
– The average annual salary of client relations specialist is around $42,600.
– The average annual salary of senior financial advisor is around $106,366.
– The average annual salary of software engineer is around $73,507.
– The average annual salary of software developer is around $75,618.
2. How safe is Vanguard?
– Vanguard is considered safe because it has a long track record that is overseen by top-tier regulators.
3. Does Vanguard allow work from home?
– Yes, Vanguard does allow its workers to work remotely depending on the work position and location.
