Best Places to Work in IT 2010 Employer Profile

No. 35

The Vanguard Group Inc.

Malvern, Pa. [Middle Atlantic]
http://www.vanguard.com
https://careers.vanguard.com/vgcareers/home/index.shtml

Why you want to work there

IT workers at this investment firm, based in Malvern, Pa., get their hands on some very big custom projects. In fact, 80% of the company's development budget goes toward projects completed in-house, rather than offshoring projects or buying off-the-shelf technologies. The approach has the dual benefits of helping IT staffers hone their professional skills on leading-edge technologies and boosting job satisfaction. Other career development initiatives include job rotation programs, mentoring, and specialized development and training plans for each employee. A talent management program identifies early leadership potential: Senior leaders from across the organization identify and track high-potential junior leaders, monitor their progress and provide developmental opportunities and assignments to further enhance their career development. On-site learning: The company's in-house training program, Vanguard University, is expected to spend $28 million providing training programs this year, delivering more than 3,000 classes through seven schools. An academic assistance program provides reimbursement (up to $9,000 per year) for tuition and books to all eligible employees enrolled in most undergraduate or technical school programs. Assistance is also provided for graduate-level courses directly related to an employee's specific job. Even through the recent economic downturn, Vanguard has never had a layoff in its 35-year history. In fact, from year-end 2000 through 2009, Vanguard's number of employees remained flat, while total assets under management doubled.

Rank by company size:
Large, No. 22

Employee Statistics

Total U.S.-based employees: 12,130

Total U.S.-based IT employees: 2,431

IT employee turnover in 2009: 2%

IT promotions in 2009: 4%

Training

Training days offered per IT employee in 2009: 5

Training budget per IT employee in 2009: $1,110

Women in IT

Total percentage of women within IT: 29%

Percentage of IT managers who are women: 26%

Percentage of IT staffers (non-managers) who are women: 29%

Minorities in IT

Total percentage of minorities within IT: 30%

Percentage of IT managers who are minorities: 15%

Percentage of IT staffers (non-managers) who are minorities: 31%