This is the average pay at Vanguard in London
Vanguard's European business has just released its results for the year ending December 2021. They suggest that while working for an index fund provider isn't quite as lucrative as working for a hedge fund, it's not that bad either.
Average pay per head for the 701 employees at Vanguard Asset Services Ltd. last year was £190k ($220k). This was an 11% drop on the £214k average per head that Vanguard paid in 2020.
The decline might have something to do with the fact that pre-tax profits at Vanguard Asset Services declined from £32m in 2020 to £20.5m last year. However, they could also be related to Vanguard's changing UK employee mix. - As the chart below shows, the firm has been hiring, but not for its most lucrative roles. Management headcount declined in 2021; operations headcount increased 35%.
Have a confidential story, tip, or comment you’d like to share? Contact: firstname.lastname@example.org in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.