T. Rowe Price

  www.troweprice.com
  www.troweprice.com

T. Rowe Price Reviews

Updated October 2, 2014
Updated October 2, 2014
277 Reviews
3.6
277 Reviews
Rating Trends

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

Review Highlights

Pros
  • The company offers great work life balance, benefits, stock purchasing, etc (in 23 reviews)

  • Great benefits and comfortable work environment (in 37 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

76 Employee Reviews Back to all reviews

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  1.  

    If your not on the management track your screwed

    • 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

    the 401K plan is great

    Cons

    everything else sucks, its all about who you know. If you don't take people to lunch your out of luck for advancement.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Typical Call Center

    • 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 full-time

    Pros

    The entry level training is good, and the systems are intuitive and helpful. Good place to get your financial licenses.

    Cons

    Overtime in the support areas dictates your life. It's either so much that you work until dark every night and every Saturday; or it's very quiet and nothing much to do. Be ready for a lot of groupthink. The managers are almost always internal people who have been around for a long time, and no one wants to rock the boat.

    Advice to ManagementAdvice

    Hire some new blood in your operations management. Creative and outside the box thinking can be incredibly helpful .

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Still Hope

    • 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 8 years)

    Pros

    Friendly people to work with, great licensing opportunities, and great place to learn the industry. Excellent investment philosophy, doesn't do lay-offs to manage budget, and a debt free company. Great location with amenities like gym, cafe, basketball court, and social networking events.

    Cons

    Halo affect galore in some areas (RDS), success is measured by social networks overpowering actual work. Very occupied with putting small fires out versus fixing the root issues. Not really competitive pay and while feedback is encouraged it is rare to find someone who provides tangible feedback.

    Advice to ManagementAdvice

    Stop top down management style in operations. We are making decisions that do not involve the associates closed to the process. This helps with moral issues and gets the fixes right. Measure a supervisor on the morale and development of the team not who is in your office the most. Coaching and development stop at Supervisor level. If you want supervisors to effectively coach and development GM's need to be coaching and practicing it with the supervisor teams. We are also failing to attract and retain talent because of burn-out and lack of follow through on objectives. There are some of us holding on by a thread hoping it will turn around. Look for us and fairly evaluate our work and leadership skills soon. Please. This is a good company and it will be heart-breaking if it continues down the path it has taken in the last 3-5 years. The core values are why we still fight.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good place to work but limited opportunity in Tampa office

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

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

    Pros

    client focused, needs based sales environment. managers are fair and supportive and encourage collaborative culture

    Cons

    limited career advancement opportunities and low to average compensation

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Comfortable environment to learn and plan your career.

    • 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

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

    Pros

    Great place to start your career in finance. Good training and lots of exposure to clients and investment professionals

    Cons

    The environment can be frustrating for high-achievers or anyone that wants to be compensated for outstanding results.

    Advice to ManagementAdvice

    I woulds suggest trying to identify some high performing low/mid level people that you would like to retain and give them raises twice a year instead of once. Low entry salary just takes too long to grow, even with healthy annual raises.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    A great way to begin your financial advising career

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

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

    Pros

    Flexible shift hours, paid licensing, monthly meetings with manager, quarterly updates, great benefits in 401k and ESPP, OVERTIME.

    Cons

    Call center environment, routing determines everything - based on predictions of peak business. Not a perfect bonus system, pay is below industry average. Limited growth potential currently in this location.

    Advice to ManagementAdvice

    Cost of living, income tax, and inflation have had significant increases while these call center wages have maintained marginal growth.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good culture, poor pay

    • 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 3 years)

    Pros

    The people are friendly and the environment is a lot more laid back than many other financial services firms. Networking in quite easy as most people are willing to meet with you and talk about career options and share their personal advancement story.

    Cons

    Moving up in the company can take forever and T. Rowe doesn't pay very well for a financial services firm. With that said you do get a good chunk of change in your profit sharing plan.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    It's been ups and downs

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

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

    Pros

    Solid reputation, well respected firm.. New ideas are welcome. Some areas really emphasize career development, others only mention it passingly so they can check the box.

    Cons

    The company is more like 5 or 6 smaller companies that don't talk to each other, compete for the same resources, etc. Not much accountability for when mistakes are made, b/c no one steps up to own it. Not many success stories, loyalty is not a word here. There is no job security and won't hesitate to let you go within the blink of an eye.

    Advice to ManagementAdvice

    A lot of new talent has come in lately.. yet a lot of the same issues still exist. Where else perhaps could the problem be?

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Group Manager

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

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

    Pros

    Benefits and strong company reputation

    Cons

    Work life balance and long hours. Pay should be more for hours worked and expectations of the role.

    Advice to ManagementAdvice

    Look at work load of this role. More and more work being pushed down from department managers and up from supervisors. This causes longers hours at work, outside of work and even weekends are expected and holidays. Leaves little time for family and outside of work priorities.

    Recommends
    No opinion of CEO
  11.  

    It's a fairly nice place to work. People are nice and work-life balance is generally up to you (varies by boss).

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

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

    Pros

    Supports your professional development. Good work life balance. If you do reasonably well and play nice, you probably have one of the safest jobs in the industry.

    Cons

    You might not get much of a sense of what sort of impact you are having. There is a lot of intra-company politics. Appearances matter a lot here. There a lot of people here in middle management, so upward progression is tough.

    Recommends
    Positive Outlook
    Approves of CEO

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