Investment Management Development Program – PA 2023
Drive superior investment results
When you join Vanguard’s Investment Management Development Program, you will experience buy-side investing as part of a leading-edge investment management organization. This is no career shadowing experience. You’ll influence the investment outcomes of over thirty million clients and collaborate alongside a team of experienced investment professionals at a global market leader. Through hands-on involvement with the global investment ecosystem and equipped with the tools and resources to succeed, you’ll shape the financial future of our clients and of Vanguard itself. Make it count!
In this program:
- Experience a comprehensive approach to investing that employs a range of strategies across asset classes through four 6-month assignments in Vanguard’s investment teams such as our Investment Strategy Group (ISG), Portfolio Review Department (PRD), Investment Management & Finance Risk (IMFR), Fixed Income Group (FIG), Equity Index Group (EIG), Quantitative Equity Group (QEG), and Investment Management FinTech Strategies (IMFS)
- Lead crucial, impactful projects distilling complex data to uncover insights that will be presented to key leadership – influencing strategic product decisions that directly affect the Vanguard Funds
- Smaller cadre sizes which support opportunities for focused learning, individualized feedback, and close community connections with investment professionals
- Make a positive impact on investors and the global financial markets as a whole in Vanguard’s unique, mission-driven investment philosophy
Lead the future of investing
At Vanguard, we value community, comradery, and leaders who are adaptable and independent-minded. Your proven leadership and passion for learning will be invaluable as we advance our mission to make investment success accessible to everyone. Here, strong analytical skills and conceptual creativity will help you navigate the rigors of this demanding program preparing for a career in investment management. Use quick decision-making and problem-solving abilities in a fast-paced environment to deliver top-notch results for the team, clients, and your own personal success story.
What it takes
- An undergraduate degree. Finance, Economics, Statistics, Math, Accounting, Engineering, or Computer Science degree preferred.
- Cumulative GPA of 3.5 or higher preferred.
- Demonstrated leadership ability and a passion for Investment Management
- Strong analytical, problem solving, and conceptual thinking skills.
- Comfortable working with multiple tasks and/or projects concurrently.
- Excellent verbal, written, and interpersonal communication skills.
- Strong professional presence/ability to effectively interact with all levels of crew and external clients.
- Outstanding organizational skills, attention to detail, and proven ability to deliver meticulous results under tight time constraints. Flexibility and strong decision-making skills.
- Technical knowledge a plus, such as data analytics and/or programming (Python/VBA) skills.
- Pursuit of the Chartered Financial Analyst® (CFA®) designation is strongly encouraged
Special Factors
- The ideal candidate is a graduating college senior or early career professional
- Vanguard is not offering sponsorship for this role.
- Employment is contingent on a successful background check and drug-screening result.
- Please note that the start date for this full-time program will be in Summer 2024.
Our Total Rewards package reflects our mission and values, providing care, security, and fulfillment for you and your family – today and long-term. We support the key areas of your life with best-in-class benefits for your financial, physical, and personal wellness:
- Pay for performance, including annual performance bonuses, merit increases, and an annual Partnership bonus.
- Industry-leading retirement savings plans:
- 401(k) contribution 55% above the national average.
- Quarterly 401(k) contribution of 10% of your eligible pay.
- At least 18 paid days off, plus 9 federal holidays.
- 77% of your medical costs are covered, compared to 68% by other financial services companies.
- Unparalleled Health Savings Account (HSA) seed and match – 5x the amount as other contributing employers.
- A $1500 FlexFund annual stipend for personally meaningful conveniences – 3x the average amount offered by other employers.
- Top-tier programs for your emotional and mental health:
- Access to 2x more coaching and therapy sessions compared to other employers.
- A caregiving concierge program, something only one in five employers offer.
About Vanguard
We are Vanguard. Together, we’re changing the way the world invests.
For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.
We want to make success accessible to everyone. This is our opportunity. Let’s make it count.
Inclusion Statement
Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”
We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.
When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.
Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.