T. Rowe Price

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T. Rowe Price Reviews

Updated August 2, 2014
Updated August 2, 2014
282 Reviews

3.5
282 Reviews
Rating Trends

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T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
201 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

74 Employee Reviews Back to all reviews

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  1.  

    Investment Sales

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

    Pros

    Great place to learn the business and get your licenses (especially because they will pay you and allow you to study at work!). Great people, I'll miss that the most. It's a very laid back atmosphere and as long as you are breathing, can answer a phone, and you don't step on toes, you have a very secure job. The benefits are great.

    Cons

    There is little to zero growth available in the Tampa office, unless your ambitions include supervising a call center. I'm fairy certain the sole purpose of the Tampa office is a backup facility. It snows in CO and MD, shocking right?! Well, employees in those locations are let go early on heavy snow days every year and Tampa is there to hold it up. They allow a lot of great talent to walk out the door, and the worst part is I really don't think they care. The Tampa office hires mostly recent college graduates, so the inexperience in most departments is very high. Many individuals get their licenses and leave. There are actually 2 major companies in the city that offer virtually the same position with about 10% higher pay. Those that stay get hooked on the additional vacation hours they give you. Once you get to the 10 yr mark, you're a LIFER, there's no going back to 2 weeks vacation when you can get 20 vacation days. Just answer/dial the phone as much as you can and try not to laugh when they have annual meetings about trying to be about quality over quantity and then preach the exact opposite every other day that someone from Baltimore isn't in town.

    Advice to ManagementAdvice

    You'll quickly learn as an employee in the Tampa office for T. Rowe Price, "Advice to Management" is a waste of everyone's time. It allows them to check off a box of a survey they sent out, then they just do whatever the next man higher up wants them to do.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good company, good perks; pay notsomuch.

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

    Pros

    Great people to work with in the trenches-always will to do what it takes to get the job done. Culture of the company represents a youthful attitude with the old ideals that the company was founded on.

    Cons

    The efforts are not always rewarded, citing that the pay grade is comparable with what's out there. Pay was not worth my long-term employment there, hoping that management would make good on their promise to level the pay scale.

    Advice to ManagementAdvice

    Share the wealth. My department was just starting a life balance approach but, the hurdles of the security associated with a financial firm were difficult to overcome.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Average pay, above average experience

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

    Pros

    Generous stock option and plentiful vacation days (if employed for sufficient time)

    Cons

    Woeful pay scale; college atmosphere for lower level employees.

    Advice to ManagementAdvice

    Compensate the associates on the front line better.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Intern

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

    Pros

    Great place to build interpersonal skills and networks. People are fun and nice.

    Cons

    Gopher work at most. The department was not prepared nor were they organized with their internship program. Very dull work really.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Practice what you preach

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

    Pros

    Training, campus, pay for licensing, 401k

    Cons

    Pay is extremely low. Associates basically need to live with their parents and managers need a second job to support their families. It is sad. It wouldn't be so bad but you were not expected to work way beyond 40 hours and of course every holiday and weekends. That way you could get another job. Expect your children will be the first in daycare and last picked up and count on paying late fees for keeping them there after close.

    Promotions in some areas only happen within certain groups- basically if you don't go to happy hours you don't have a chance. Talent management is not valued or rewarded. It is about who you know.

    Advice to ManagementAdvice

    Take a closer look at your senior leaders. Pay people so they can live comfortably. It's not Colorado or Tampa- our salaries are hard to survive on in Md. Promote those who have a proven record of developing others, not those you go to happy hour with and hang out with after work.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Not very Diverse

    Current Employee - Senior Analyst  in  Owings Mills, MD
    Current Employee - Senior Analyst in Owings Mills, MD

    Pros

    Stable company with great benefits

    Cons

    The culture is not very diverse

    Advice to ManagementAdvice

    Diversity Training - Make It A Priority

  8.  

    Campus College style work environment, monotonous tasks

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

    Pros

    highly invested in your retirement but fully vested after 5 years of service, cafeteria atmosphere is fun and friendly like in college, young workforce

    Cons

    monotonous tasks, micromanaged, company shifts around employees every 6-8 months as "promotions" to keep you from boredom, low pay

    Advice to ManagementAdvice

    Get a personality, most of you are as dry as chalk, and stop acting so afraid. This must stem down from their management.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Nice people, no opportunities for career development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    Pros

    Good salary and benefits, nice people, nice office facilities (the sort of thing you take for granted until you go to work somewhere with much older computers etc).

    Cons

    No career development opportunities - people who 'play the game' and spend more of their time brown-nosing than actually working or managing get promoted, while other internal candidates who have worked at the company for years are put through massive hoops (20 plus interviews for an internal promotion) and then passed over. NB - I am not referring to myself. Also, the organisational structure and the way my department operated meant there were no opportunities for career development and in fact the job wasn't even how it was advertised when I applied for it so I ended up working here for a couple of years and very quickly finding I was disappointed and stagnating. But for people who are in the right sort of teams with the opportunity for career advancement - or you have the sort of personality that means you will get ahead regardless - it is a good company to work for.

    Advice to ManagementAdvice

    Look at organisational structures and career development opportunities or you will continue losing staff

    Recommends
    No opinion of CEO
  10. 1 person found this helpful  

    no advancement opportunities

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

    Pros

    It has a good benefits package

    Cons

    Below average salary for industry standards

    Advice to ManagementAdvice

    be more flexible

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Ok

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

    Pros

    Good experience for a resume

    Cons

    Bureaucratic; tough to make contributions

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