Shape the future of investing Complement your education with real-world experience in the summer of 2027 Vanguard's MBA Internship Program

• Investment Management Track is an opportunity to use your real passion for investments to directly impact the financial future of our investors!

Here, you can influence strategic decisions at one of the worlds' leading investment firms. While we provide a summer assignment and the tools for success, you'll figure out how to use them and help shape the future of investing for millions of investors worldwide.

During the summer you will:

Experience first-hand our culture of continual growth, learning directly from world-class investment professionals while being exposed to the breadth and depth of our global investment, corporate strategy and investment strategy teams! Engage in a high-impact strategic assignment in one of our key business areas, helping to meet the financial needs of our investors Identify critical insights for Vanguard to help drive our business forward Receive rigorous coaching and mentorship from an MBA program manager and a senior department management to help prepare you for a leadership role Connect with a robust alumni network who share your belief of doing what's right for our clients Step forward with a global market leader Are you a highly motivated individual with a proven foundation in investments, a curious mind and goal 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'll regularly solve business challenges in a dynamic industry, using your abilities to make real impact
• driving initiatives forward in a team environment with a strong desire to collaborate with others.

If you are intrepid, ambitious and unafraid to build your own path, then you're exactly who we're looking for. What it takes An undergraduate degree and current enrollment in an MBA program. Minimum of 5 years of post-graduate work experience required reflecting a progression in responsibilities and expertise, and including relevant exposure to investment management. Comfort with ambiguity and a willingness to explore a variety of challenges and pivot as needed. You have a deep interest and understanding of financial markets. Specializations that will make an impact Outstanding analytical skills. Excellent relationship management and leadership skills. Experience with investment research, portfolio management, trading, or investment strategy preferred. Clear, eloquent communicator, comfort making brave decisions with an ability to collaboratively influence and effectively interact at all levels, both internally and externally in a matrixed environment. CFA, or progress towards CFA, highly preferred but not required. Familiarity with R, python, SQL preferred but not required Upon successful completion of the internship, interns will be considered for the following full-time opportunities based on interest and business needs. Possible Internship Opportunity Areas

• Equity Investment Group
• Equity Investment Specialist Fixed Income Group
• Senior Research Associate Fixed Income Group
• Fixed Income Trader Investment Management and Finance Risk
• Investment Risk Analyst Investment Strategy Group
• Investment Strategist Portfolio Review Department
• Investment Product Manager Quantitative Equity Group
• Assistant Portfolio Manager
• opportunities based on business needs and vary year to year.

Special Factors The start date for this program will be May/June 2027. Seeking December 2027 or May 2028 MBA graduates. This is a hybrid position based in Malvern, PA, with remote work on Mondays and Fridays and in-office collaboration Tuesday through Thursday. Please note that some business teams work in the office five days per week. Vanguard is not offering visa sponsorship for this position. Applicants must be 18 years of age or older at the start of the internship. Special Factors Sponsorship Vanguard is not offering visa sponsorship for this position. About Vanguard At Vanguard, we don't just have a mission—we're on a mission. To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best. 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.