MBA Development Program - General Management

Job Description

Shape the future of investing

Vanguard’s MBA Leadership Development program isn’t just a chance to advance your leadership abilities: it’s an opportunity to impact the financial future of our investors. Here, you can influence strategic decisions at one of the world’s leading investment firms. While we provide the tools for success, you will determine how to use them and make it count.

Step forward with a global market leader

Are you a highly motivated individual with a curious mind and desire to actively improve yourself? Then use your mental agility and resourcefulness to advance our mission - standing up for over twenty million clients worldwide. Here, you will regularly take on a variety of challenges in a dynamic industry, using your abilities to make real leadership impact – driving initiatives forward in a team environment with a strong interest in developing others. If you are intrepid, ambitious, and unafraid to create your own path, then you are exactly who we’re looking for.

In this program:

• You will engage in high-impact strategic assignments, across different areas of the business, to help meet the financial needs of our clients,
• You will change the way people invest by seizing new opportunities and identifying critical insights for Vanguard.
• You will receive rigorous coaching and mentorship from Vanguard’s senior management to prepare you for a leadership role.
• You will integrate into a robust alumni network who share your belief of doing what’s right for our clients.
• You will define your journey to success as this role is different for every individual.

Core responsibilities:

• Tackle enterprise-wide rotational business challenges with rigor, demonstrating the ability to successfully assimilate into each area, understand the objectives of the assignment in the broader context of Vanguard, exceed or achieve rotation objectives with accountability for all projects and assignments.
• Build sound business and investment acumen through each rotation. Apply understanding of Vanguard's investment methodology, products and services, and the competitive environment to deliver and execute on high-impact projects.
• Conduct efficient and thorough research and analysis of strategic, competitive, product/service and business model opportunities and issues confronting Vanguard.
• Interpret and analyze both internal and external data of high complexity using conceptual thinking and business acumen to derive key insights for strategic projects.
• Refine presentation and leadership impact skills through formal and informal training; through peer, mentor and leader feedback.
• Engage in continual personal and professional development with a demonstrated commitment to training and research, and building tenacious personal learning habits.
• Lead or participate in discussions and projects pertaining to key business issues/opportunities. Manage projects from inception through implementation ensuring project deadlines are met. Define project scope and requirements, establish timelines, and ensure timely completion of deliverables.

What it takes

• You have an undergraduate degree and MBA.
• You have a minimum of 5 years work experience post undergrad reflecting a progression of increased responsibilities and impact, including exposure to strategy, consulting, or business analytics.
• You have a comfort with ambiguity and a willingness to explore a variety of challenges and pivot as needed.
• You have a deep curiosity and interest in investment management.
• You have demonstrated agility in learning.
• You have excellent relationship management skills.
• You are a clear and effective communicator.
• You can make brave decisions with an ability to collaboratively influence and effectively interact at all levels, both internally and externally in a matrixed environment.

Special Factors

The start date for this program will be summer 2023.

Vanguard is not offering visa sponsorship for this position. Additionally, employment is contingent on a successful drug-screening result.

Why Vanguard:

• At Vanguard, we believe in supporting our “crew” personally through all life stages. Our industry-leading benefits are crafted with you in mind. Some of our benefits include:
• 23 PTO days and 9 federal holidays, with the unique ability to purchase an additional week of PTO
• Industry-leading retirement savings – up to 4% matched contributions, and 10% employer contribution without condition
• Best-in-class medical, dental, and vision coverage with on-site health perks:
  • CrewCare: our own onsite health-clinic for you and your loved ones
  • ShipShape: onsite fitness centers
  • Health Smart rewards: a program that rewards you for making healthy choices
  • LYRA: a program to provide care for your emotional and mental health – how, when, and where you need it, at no cost to you.
  • FlexFund: our wellness stipend that gives you the autonomy to define, and invest in, what wellness means to you.
• Education benefits including tuition reimbursement designed to support you in furthering your education
• Strong parental leave, including adoption and surrogacy, benefits – because we know every family looks different!
• For a deeper look into our benefits, please visit our Why Vanguard page

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.

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.