T. Rowe Price

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

Updated September 28, 2014
Updated September 28, 2014
269 Reviews
3.5
269 Reviews
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T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
187 Ratings

Review Highlights

Pros
  • The company offers great work life balance, benefits, stock purchasing, etc (in 22 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

99 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Overall, great company that puts clients first and operates with integrity.

    • 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 for more than 10 years

    Pros

    Sound company | strong financial & fund performance | fiscally conservative and overall prudent management and guidance of the firm at the top | good benefits and professional development opportunities | flexibility and independence at most levels of the organization | community involvement encouraged | overall high caliber of people at all levels

    Cons

    Challenges related to rapid growth. Lack of technology integration across systems requires more manual intervention, making it challenging to get work done timely and effectively. Less focus on management and associate development than in prior years.

    Advice to ManagementAdvice

    Seek input and ideas for growth from all levels of the organization. Encourage division leadership to lead by example by taking more accountability for issues/project fails

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great to get your career started.

    • 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 for more than 5 years

    Pros

    I work with a lot of amazing people. There are a lot of different personalities and its very diverse. TRP will pay for licenses and give you study time during work hours.

    Cons

    Not a lot room for advancement in Tampa unless you move to Maryland (their headquarters). Perception is everything. The person who talks a good game but doesn't perform as strongly will be ranked higher than the person who doesn't brag about themselves but has better metrics.

    Advice to ManagementAdvice

    Spend less time in meetings. When hiring- look deeper than that person's perceived image.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great place to work really laid back!

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

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

    Pros

    Department dependent, work is very relaxed and moderately difficult. Working environment is also very satisfying. Benefits are great as well. most associates stick around and return for it.

    Cons

    Subject matter can sometimes be boring for software engineering. Pay is below average and most of the staff is in their mid 30's to there early 40's. If you love technology I would suggest a more technology focused organization. TRP is lagging in a lot of cutting edge tools and software. Although things have been changing drastically within the last two years or so. So dont allow that to ruin your perspective.

    Advice to ManagementAdvice

    Get more active in whats going on. Stop hiding behind your desk.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Solid Entry or Mid Level Career

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

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

    Pros

    Benefits are very nice (Insurance, Base 401k and match, year end bonus). Salary is mediocre, but benefits help bring closer to competition. There are a lot of people that work there, so it's easy to find "work friends" to make the days/weeks more tolerable. Lots of group outings. They try their best to provide additional incentives, though they tend to be lackluster (Recognition program, random free lunches, raffles) in the form of gift cards, and they are taxed which is understandable yet tacky. RIS (entry level) was pretty bad, but as long as you aren't an idiot you can get promoted pretty quickly, especially recently. PSG is more skill intensive, challenging, and satisfying. PSG also has a much more appropriate salary (though a parrot could be an average RIS associate, so it's understandable).

    Campus is great, parking is amazing, and commute isn't bad. There are plenty of restaurants in the area and the commute isn't terrible.

    Training program was great, continuing education is decent. Every once in awhile they have interesting road shows where important people (CEO, Portfolio Managers, etc) present.

    Overall I would recommend the job, especially for somebody moving into the area or just graduating college and need something solid to put on your resume. Don't expect to get anywhere substantial for at least 2 years unless you graduated from an Ivy League school. There are double MBAs with CFAs working for 50 grand. It's also not required that you have a business degree to get hired into RIS or PSC, and once you're in the company, degree doesn't matter at all.

    Cons

    There are very limited opportunities from RIS, one of the better would be PSG. It is very hard to get promoted from PSG to somewhere worthwhile, even if you are a "superstar." RIS management micromanages and has a very corporate mentality; there is very little opportunity for productive thought. Management tends to be former RIS representatives that have been in the job for a long time and weren't good enough to get better jobs, so settled for management. They also tend to get big heads about how important they actually are.

    Days get very monotonous and bad clients can easily ruin days. It can be very stressful when clients have unrealistic goals or expectations. Management is also very cut and dry, so logical exceptions to policy are rarely made.

    Recognition is given on a quarterly basis, but rarely recognizes appropriate employees. The winners of Associate of the Quarter, et al tend to be representatives that management like rather than those that consistently maintain high standards. I've also heard that management tends not to give a representative an award more than once, though I think that is counter intuitive.

    They have ridiculous rules for promotion. You could be the best and smartest person on the floor, but still have to go through the normal promotion (1 year in your current role, rarely get out of RDS without putting in at least 2 years in various departments).

    Advice to ManagementAdvice

    Have stricter expectations for employees. There are a lot of duds (especially in lower to middle management). On the opposite end of the spectrum, acknowledge those that are actually good at their jobs. Increasing salary a tad would be helpful, especially for the phone groups since they really take a mental beating.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Good company

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

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

    Pros

    benefits are decent and the people are nice

    Cons

    the pay is not competitive

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great company. Ability to move around within, but can sometimes hit a ceiling and hard to move from there.

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

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

    Pros

    Great people. Great work/life balance.

    Cons

    Pay could be a bit better.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Great place to start a career

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

    I worked at T. Rowe Price full-time for more than 3 years

    Pros

    -The company has a great culture as a long-term investment management organization
    -Benefits are quite solid and management generally treats their employees well
    -Lots of smart people to work with and a very well-respected organization in the industry

    Cons

    -Internal advancement opportunities have been stifled as the company has grown
    -Can be stressful when market is performing poorly

    Advice to ManagementAdvice

    Keep up the good work, but try to develop associates more

    Neutral Outlook
    Approves of CEO
  9.  

    Very smart people with a lot of integrity

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

    I have been working at T. Rowe Price full-time for more than 8 years

    Pros

    People are generally very nice and it is a pleasant atmosphere. Great benefits

    Cons

    Too much management who are too out of touch.

    Advice to ManagementAdvice

    Pay more attention to lower-level employees.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great environment, thoughtful deep analysis

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

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

    Pros

    Access to great companies and management teams for equity research
    Fun, hardworking culture
    Forward thinking management team with good hiring practices and strategic thinking
    Stable institution with great upward mobility for strong performers

    Cons

    Baltimore based
    Still a bit of the frustrated jock culture
    So large that you can't look at many small or mid cap stocks

    Advice to ManagementAdvice

    A bit more diversity would make T Rowe a more attractive place to work.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great Company

    • 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 full-time

    Pros

    Everything, location, benefits, co-workers, environment

    Cons

    traffic, heat, location, traffic cops

    Recommends
    Positive Outlook
    Approves of CEO

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