T. Rowe Price

  www.troweprice.com
  www.troweprice.com
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T. Rowe Price Reviews

Updated September 13, 2014
Updated September 13, 2014
267 Reviews
3.5
267 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
187 Ratings

Review Highlights

Pros
  • Very people friendly company, with good work/life balance (in 19 reviews)

  • Great benefits and comfortable work environment (in 36 reviews)


Cons
  • Career opportunities in Colorado Springs were limited to call center management (in 14 reviews)

  • Impact to ability to have appropriate work life balance (in 6 reviews)

More Highlights

64 Employee Reviews Back to all reviews

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  1.  

    review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FIS  in  Colorado Springs, CO
    Current Employee - FIS in Colorado Springs, CO

    I have been working at T. Rowe Price full-time for more than 3 years

    Pros

    good work life balance, great place to work if you have kids or about to have kids

    Cons

    pay would be the biggest con

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Good for experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Counselor
    Current Employee - Investment Counselor

    I have been working at T. Rowe Price full-time for more than 3 years

    Pros

    Great coworkers and a great way to learn the business. If you are looking for a company to sponsor you for your licenses and 'learn the ropes' this a good company to work for. You have a very core role at first but can expand and advance as you see fit. You can go from basic customer service to dealing with more high value clients to sales.

    Cons

    Compensation within sales is less than you could make with competing firms. If you work in the investor centers you get great face to face experience with clients, but the pay that you get here is not as good as most firms. The sales positions are not 'cut throat' and your pay is not really impacted by sales numbers. Many top performers tend to leave the company for higher paying competitors, but I would definitely suggest T. Rowe as a place to get experience.

    Advice to ManagementAdvice

    Look at what your competitors pay and remain competitive. Also, there needs to be more focus placed on brokerage since mutual funds are not being replaced by ETFs.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Good, stable company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Quantitative Analyst  in  Owings Mills, MD
    Current Employee - Quantitative Analyst in Owings Mills, MD

    I have been working at T. Rowe Price full-time for more than 3 years

    Pros

    Good work life balance. Employees treat each other with a very high degree of respect and sincerity. Firm is large enough for employees to navigate a career track with some degree of flexibility. Supportive of employees' ambition to pursue professional credentials and academic education.

    Cons

    Operational tempo and time it takes to make decisions and implement change is remarkably slow for a company of this stature. Salaries can be lower, but total benefits package is great

    Advice to ManagementAdvice

    Move faster from point A to point B.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great company, excellent benefits, good pay, but limited career advancement opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Operations Associate  in  Tampa, FL
    Current Employee - Investment Operations Associate in Tampa, FL

    I have been working at T. Rowe Price full-time for more than 10 years

    Pros

    Great conservative company; excellent upper management; generous benefits with 401(k) and good pay. If you are willing to relocate to Maryland, then plenty of advancement opportunities. If not, then very limited. Good corporate culture and just an overall good company to work for.

    Cons

    Willingness to expand jobs in a regional office. Mandatory overtime can be heavy in the "client-facing" departments during certain times of the year and can wear you out.

    Advice to ManagementAdvice

    Keep doing what they are doing from a firm presepective.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    T Rowe Price

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant  in  Baltimore, MD
    Current Employee - Administrative Assistant in Baltimore, MD

    I have been working at T. Rowe Price full-time for less than a year

    Pros

    Voted "Most Admired Company" 3 years in a row. Also voted Best Place to Work.

    Cons

    As of yet, I have not identified a negative aspect of this company. I believe it is a great company focused on clients.

    Recommends
    Positive Outlook
  7.  

    Personal Services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor  in  Colorado Springs, CO
    Current Employee - Financial Advisor in Colorado Springs, CO

    I have been working at T. Rowe Price full-time for more than 3 years

    Pros

    Good benefits and pleasent work atmosphere.

    Cons

    Lower pay (10% lower than other local firms).

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Conservative, healthy company with the need to promote leaders not project mgrs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate, Individual Contributor
    Current Employee - Associate, Individual Contributor

    I have been working at T. Rowe Price full-time for more than a year

    Pros

    Executives and leadership crave innovative thinkers and are focused on the right directives ....serving clients while remaining operationally nimble and efficient.

    Cons

    Outside of call centers, mid level people-managers are long timers, promoted for successful project delivery. Unfortunately, they do not have the experience to lead organizational change, translating objectives into actionable goals for their teams. As a result, new ideas are discouraged and teams do not adapt. For associates that have held management roles outside of the company, it is disheartening and may be "years" before your voice is heard or you are promoted in order to make a difference.

    Advice to ManagementAdvice

    HR and high level executives: Look deep within your organizations and consider leaders based on current and past internal & external TRP experience rather than relationships and successful project delivery. Hold mid PLs and VPs accountable for aligning team charter with real tactical measures of success. Soft measures of being T Rowe Nice and "this is how we have always done it" is a corporate culture not a goal. Foster inclusion of new ideas at all levels, that align to the "goals", and through this you will unleash passionate innovative ideas that deliver results.

    Recommends
    Approves of CEO
  9.  

    Good Place to Work

    Current Employee - Anonymous Employee  in  Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL

    I have been working at T. Rowe Price full-time

    Pros

    - great benefits (401k, company stock)
    - great employees
    - trusted company

    Cons

    - healthcare costs have gone up
    - limited room for growth in Tampa office

  10.  

    Stability and Great Benefits

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at T. Rowe Price full-time

    Pros

    Stability, Good Benefits, AWA, Great Bonuses

    Cons

    Mild yearly increases, difficult to advance once you get to a certain point.

    Advice to ManagementAdvice

    Keep talent within the firm by hiring internally. This can be accomplished by mentoring programs to help employees begin preparing for the next steps. Much of Managements focus is on Delivery...somewhere along the way people management fell to the bottom of the priority list.

  11. 2 people found this helpful  

    Good place to start a career and learn the business. Too much focus on race

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD

    I have been working at T. Rowe Price full-time for more than 5 years

    Pros

    I started here out of college and have worked both in Owings Mills and in Baltimore. It is a great place to work, especially if you are starting out. Even though it is a big company it really feels like a family and the culture is great.

    Cons

    There is a lot of focus on race and ethnicity at this company and it has gotten worse over the last few years. There are efforts to boost the number of minorities with management even admitting that they are willing to go into bidding wars with their competitors for minority job applicants. While I'm sure it is well intentioned, If you are a minority in this company you feel like you are just there because of your skin color. Unfortunately other employees begin to become suspicious that you only got the job because of your skin and otherwise aren't capable. This focus on race is racist and needs to stop. Aside from this it is a good company.

    Advice to ManagementAdvice

    Stop the focus on race and ethnicity. We should be hiring people based on how well they will do the job, not to fill a quota. At the end of the day what matters is whether or not the person has good ideas. As MLK famously said, "Judge a man by his character and not by the color of his skin."

    Recommends
    Positive Outlook
    Approves of CEO

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