Vanguard - Investment Management Group

Has anyone interviewed/worked at Vanguard in the past? What was the culture like? Despite its size, this forum doesn't seem to have many discussions on it.

I understand that Vanguard is primarily passive management (and the 1/3 of funds that are active are outsourced). I've always wanted to go into buy-side ER, and am wondering how much crossover (if any) there is between active management and indexing at the analyst level.

Thanks.

2 Comments
 

None. All fundamental equity is outsourced. In house it’s either index or quant (again, on the equity side). FI is a different story.

Culture wise — People are really that nice and friendly, and the firm has an almost non-profit feel to it with the focus on doing well for investors. The pay’s relative ass, but people seem happy/good work life balance.

 

Amet in ea aliquam eius possimus corporis culpa dolorum. Nulla nulla nihil quas voluptas aut. Qui at tenetur ut est iusto. Ratione deserunt architecto voluptatem harum sunt eum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”