T. Rowe Price Reviews

Updated March 25, 2015
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4.0
117 Reviews
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T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
209 Ratings

117 Employee Reviews

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  1. Good firm to work for!

    • 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

    Intern pay is great! Everyone is willing to help you.

    Cons

    The work can get tedious, but that is because I am processing the same types of request. You do learn a lot.

    Advice to ManagementAdvice

    I have no advice to management, but to keep up the great work. Management cares about their employees.

    Recommends
    Positive Outlook
    Approves of CEO
  2. An enjoyable if slow internship

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

    I worked at T. Rowe Price as an intern

    Pros

    There was some great personal finance training, a great volunteer experience, and a large group of other interns to befriend.

    Cons

    Low paying, slow work load, a presentation skills training that was useless to me at least, and the cafeteria is really expensive

    Advice to ManagementAdvice

    Try to add a few more perks to the internship program and combine departments for interactions more.

    Recommends
    Positive Outlook
    No opinion of CEO
  3. Great Company

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

    I worked at T. Rowe Price full-time (more than 5 years)

    Pros

    You work with really smart people and there are plenty of opportunities to learn. The benefits are fantastic and you can move within the company if you want to advance. I believe T. Rowe gave me a really strong foundation for my career.

    Cons

    Like anywhere the work can get boring, but there are opportunities to try new things if you want to.

    Advice to ManagementAdvice

    When I was there it was hard to push things through (promotions, raises, etc) but I think that is pretty normal for a big company. When it came down to it and they were in a position to show their appreciation for my work they did and I really have nothing but positive things to say!

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Not too bad, awesome people!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - 529 Service Associate in Owings Mills, MD
    Current Employee - 529 Service Associate in Owings Mills, MD

    I have been working at T. Rowe Price

    Pros

    Good insurance, positive work environment and management.

    Cons

    Lower than average industry salaries.

    Advice to ManagementAdvice

    Check up on employees to see if their interests have changed. Once you have shown interest in something they won't let you change your mind,

    Recommends
    Neutral Outlook
    Approves of CEO
  6. Great Company, but changing.

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

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

    Pros

    Great benefits and time-off policies. Conservative leadership keep progress and growth at a steady consistent pace.

    Cons

    Limited career opportunities. Jobs pay less than industry peers. Trade off used to be ok because it was a very employee focused organization with a great culture. Recent management changes are changing the culture and associates seem to be more worried about keeping their jobs than doing what's right for the business.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. Wonderful place to start my career!

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

    I worked at T. Rowe Price

    Pros

    Love the atmosphere, the benefits, & the people. Training is great and managers help you learn & grow. Benefits are great.

    Cons

    I wish they would allow more people to work from home.

    Recommends
    Positive Outlook
    Approves of CEO
  8. Miss the company, not the management

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

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

    Pros

    After 12+ years with the company, the hardest part was leaving the people. T. Rowe Price hired some amazing people 15-20 years ago, and a lot of those people are still with the company. The Owings Mills campus is a great backdrop, and the benefits are great.

    Cons

    Change is good, but constant change does more to hinder than help the culture. Tenured employees become extremely frustrated when management and expectations are in constant flux. It can become difficult to move up after you reach a certain level and growth can become stagnant. Salary seems to still be an issue; offering less than the national average.

    Advice to ManagementAdvice

    T. Rowe Price has one of the most talented tenured workforce in the area. Listen to them. Constant change and ineffective managers are driving them away and T. Rowe has begun to lose its luster in the professional community.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful

    Great way to start a career in Financial Services, amazing benefits but limited growth opportunities

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

    I worked at T. Rowe Price full-time (more than 8 years)

    Pros

    Best benefits by far! Not just in the industry but compared to many large companies. They basically fund your entire retirement with yearly 401k bonus for all employee's and company contribution both regardless if you contribute yourself (on top of company match for contributing yourself and yearly bonuses). Additionally, you get a ton of paid time off, good health plan options and lengthy, paid maternity/paternity leave. If you have a college degree and a good interview, they will hire you into a "customer service" role. Put your pride aside that you don't want to work in "customer service" and take it. You will learn so much in a short period about mutual funds, investments, retirement planning, etc. They hire mostly from within so growth can happen quickly (within 6 months) to better and higher paying jobs. They will pay for you to get your Series 7, 66 licenses. The people you work with make the job fun. Good atmosphere and opportunities to get involved in the community. This job will make your resume look good for future jobs but in most cases, that is about it.

    Cons

    Unfortunately once licensed, the roles are limited to "Sales" or "Leadership" roles. After a few years, most of the good and driven employee's leave to seek higher paying roles in the industry. Those that stay for more than 5 years, do so for the great benefits certainly not job satisfaction or advancement. The employee's that are client facing (phones which is most roles) are treated as easily replaceable (which funny because it is actually impossible to fire anyone). The interview process means little to nothing, it's all about your "buzz". HR needs to play a bigger role in the interview process internally. Lastly, the systems, processes and back office procedures are so outdated it's impossible to get anything done, escalated or resolved. The left hand doesn't talk to the right and no one knows answers to correct issues. Not a well oiled machine! Most of the time, your manager never worked in the job so has no idea how to help you resolve client issues (which there are a lot of).

    Advice to ManagementAdvice

    Spend a day, just once a quarter in the life of the associate that deal with the customers. There are so many frustrations and system limitations that end up in dissatisfied client experiences. I took hundreds of these "sup calls". Unfortunately the feedback goes nowhere. TRP spends so much money every year enhancing what they think needs to be done with the help of "marketing" but nobody has just listened to the customers directly from the source.

    Similar to the tuition reimbursement policy, put some sort of reimbursement policy in place for licensing associates! Associates are using TRP to get licensed then moving on.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. Very interesting company with plenty of growth potential.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - 401k Specialist in Colorado Springs, CO
    Current Employee - 401k Specialist in Colorado Springs, CO

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

    Pros

    Growth potential is available in spades. Typically begin as a call center environment and move around from there. Plenty of opportunities to learn. Great benefits package.

    Cons

    Work-life balance can be an issue during busy seasons as overtime is dictated by the market conditions. Different ideas by managers in same department can lead to confusion.

    Advice to ManagementAdvice

    I feel like there should be more time directed to bettering the work-life balance, especially during peak seasons. (i.e. beginning of year, tax season, RMD).

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful

    Retirement Specialist

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

    I have been working at T. Rowe Price

    Pros

    Great benefits, professional and friendly culture, room for growth. Professional and self-development is important to leadership. Great place to start your career. Great training programs.

    Cons

    Low Salary. I think it is sad they are an investment firm that teach about the importance of out pacing inflation and annual merit increases are lower than 3%. You can not out pace inflation by staying in a position for longer than a year. You have to move around the company to have a significant salary increase. This makes it hard for leadership because of the turnover.

    Advice to ManagementAdvice

    You will need to increase annual merit increases if you want to retain talent.

    Recommends

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