T. Rowe Price

www.troweprice.com
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T. Rowe Price Reviews

Updated February 16, 2015
Updated February 16, 2015
37 Reviews
2.0
37 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
37 Ratings

Review Highlights

Pros
  • The company offers great work life balance, benefits, stock purchasing, etc (in 25 reviews)

  • Great benefits and comfortable work environment (in 38 reviews)


Cons
  • headset policy is cumbersome, even for a call center) (in 15 reviews)

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

More Highlights

37 Employee Reviews Back to all Reviews

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  1.  

    Horrendous Place to Work

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

    I worked at T. Rowe Price full-time (less than a year)

    Pros

    - Good brand name to have on your resume
    - Quality reputation
    - Highly qualified employees

    Cons

    - Long hours for insufficient pay
    - Non-friendly work environment

    Advice to ManagementAdvice

    Treat your employees with respect.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Good for someone right out of high school to get experience, but not a career

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

    I have been working at T. Rowe Price

    Pros

    This company does have good health insurance and the retirement benefits are better than most.

    Cons

    There is a high school mentality that stems across the RPS department. If your not part of the click or the popular you aren't in line for any kind of promotion or any consideration even if you have the credentials to support it. Also, expect to be micromanaged and watched heavily and constantly. One last point, this is just another customer service job... Even if you are correct/accurate in your position the client will always be right and you are wrong...you never seem to be able to win. Pay is also about $5-$10k lower than competitors in the same industry.

    Advice to ManagementAdvice

    There are a lot of talented people out there but you will never now if you don't give your employees the chance and hire/promote based on how much you like them and if they fit your mold. One last suggestion, but stop micromanaging. For an institution who has such a high turn around, you be surprised how many people will stay and go above and beyond for you if you let them do the job you originally hired them to do.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3.  

    General

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

    I have been working at T. Rowe Price

    Pros

    Office complex is great. Benefits are good. Over atmosphere of the organization is ok. People that work at the location are friendly and willing to help.

    Cons

    It is very political environment. Management talks about how they promote from with, but that is a false front front. The organization does not take previous experience into account and how those skills may bring a fresh perspective and help the organization grow.

    Recommends
    Positive Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Management talks the talk but doesn't walk the walk

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

    I worked at T. Rowe Price full-time (more than 10 years)

    Pros

    Owings Mills campus is pretty but in a dull area. Benefits are good but not the best.

    Cons

    New executive team wants you to "challenge the status quo," and "take risks" but the minute you do you're an outsider. To succeed, you need to keep your head down and follow orders. Managers who sit in their office and only manage people are rewarded, managers that contribute are viewed as too tactical. "You're too tactical, you need to be more strategic." Strategic = meet all day, talk and accomplish nothing.

    Advice to ManagementAdvice

    The leadership team (GR 47+) should be more visible and do skip level meetings. I left my manager, not T. Rowe Price.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Good place to start career, but not a lasting move though

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Guidance Specialist in Colorado Springs, CO
    Former Employee - Investment Guidance Specialist in Colorado Springs, CO

    I worked at T. Rowe Price full-time (more than a year)

    Pros

    Steady work
    Learn a lot about investing
    Great investments

    Cons

    Reward seniority, not aptitude.
    "Brain-shackles" (i.e., headset policy is cumbersome, even for a call center)
    Limited upward mobility.
    Ruled by the clock

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    You get what you pay for!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at T. Rowe Price

    Pros

    Great 401k, downtown office is nice, learned a lot about office politics and the types of people to avoid in my career.

    Cons

    Poor, detached, unengaged and ignorant leadership. Most managers remind me of children that are playing "Office," just like children would play "House" or "Doctor." I believe the low low salaries attract weak and insecure talent. Beware of competitive leaders who will back stab you for a few hundred more dollars in their already tiny bonuses. This reminds me of hungry dogs fighting over a single bone. The desperation and uncertainty of income and advancement adds to the low employee morale. The skills that are taught are non-transferable. They are only relevant to specific tasks. If you are young you will be expected to perform basic Excel tasks for upper management because they are not trained on modern technology. Oh, by the way, they still use Excel for everything! It's 2013! If you are smart and talented - stay away - this company does not know how to foster your growth.

    Advice to ManagementAdvice

    Hire and promote, smart educated people. And pay them a competitive salary! Base that salary on the skills they are bringing to the organization and not the cost of living adjustment you gave them the year before.

  8. 3 people found this helpful  

    It is somewhere to get started in your financial career, but move on ASAP.

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

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

    Pros

    They pay for you to get licensed, and they offer benefits.

    Cons

    I have worked for the company going on 3 years now, and I have seen many things deteriorate on a quickening pace. First, when I started, TRP was known to have good benefits packages. They have gotten MUCH worse. The entire call center is consistently understaffed, under paid, and over worked. OT is required almost every week, and they will switch your schedule on a moments notice. Over the years, the job opportunities to move up in the company have diminished to almost nothing. Management has consistently increased workloads on employees, without offering proper compensation for the increase. And finally, the management does NOT take employees concerns and opinions into serious consideration.

    Advice to ManagementAdvice

    Listen to your employees. They bring in multi millions of dollars into the company for you, and happy employees equal increased sales. If you try something, and it doesnt seem to work, dont continue down the bad path!

  9. 7 people found this helpful  

    Moving on

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

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

    Pros

    401k Match and Investment Choices
    Gain a better understanding of the financial industry.
    Time off

    Cons

    Salary is horrible and does not keep pace. For instance if you are starting as a Supervisor you will receive around $51k and a Supervisor that has been in the role for lets say 4-5 years will make $53k. To make things worse a few associates with overtime may make as much or more than you. Year after year we are told that it is being reviewed, but it always remains the same. A lot of great talent is lost to other companies once a ceiling is met.

    The management tends to focus on the low performing associates more than the associates that are meeting or exceeding expectations.

    At one point (6 years ago) T. Rowe Price only hired people with a college degree, now it hires anyone that has some sort of customer service and can answer a behavioral question on the interview right.

    If an associate discusses something with HR it is quickly spread to the management team. I have told multiple associates to not discuss certain things with HR as it may harm them with how they are perceived by the management team.

    The current health care package is a joke.

    Advice to ManagementAdvice

    Take a look at your current Management structure as you have people in a leadership role that only know how to gossip behind closed doors and bring personal problems to work.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Wonderful company for investors, terrible for employees

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

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

    Pros

    Good benefits
    good pay
    flexible time off

    Cons

    everything is disorganized
    supervisors are out of touch
    there is no support

    Advice to ManagementAdvice

    get together and make a plan to be there for your employees and then stick to it. Everything is so chaotic all the time

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Great starter company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PArticipant Service Center
    Current Employee - PArticipant Service Center

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

    Pros

    Benefits, extracurricular activities (league softball, basketball),

    Cons

    Salary, Disorganized, a lot of changes in management, Departments do not work together but against eachother.

    Advice to ManagementAdvice

    Pay your PSC Reps more, stop mandatory OT. See how to develop employees throughout the company and not just for your department

    Recommends
    Negative Outlook
    Approves of CEO

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