There are newer employer reviews for T. Rowe Price

3 people found this helpful  

Disappointing

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

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

Pros

Excellent pay
Some upward mobility opportunities
Friendly and intelligent coworkers
Fun, semi-frequent corporate events
Frequent and interesting training
Willing to hire and train people with no experience
Good vacation time after a few years
Fairly good insurance

Cons

Inconsistent rule enforcement
Inconsistent management competence
Inconsistent management support
Inconsistent mobility opportunities
Low flexibility on shifts
Huge workload
Lots of overtime, especially during the end of the year through the tax filing deadline
High stress

Advice to ManagementAdvice

Overall, I think the company has just gotten a little too focused on cutting corners. When I first started, it was fun and enjoyable, but as more time went on, I started to feel that I was being squeezed for every ounce of work I could put out. If more time was devoted to processing or researching it would have been much less stressful. There was no time for anything off the phones, even outside of tax season, and it made for a very isolated and stressful work environment, especially when time off the phones was consistently cancelled. Maybe it would also end up being cheaper to just hire more people, rather than paying overtime and increasing the stress of the people already there.

Some managers were excellent at helping to relieve stress, while others fostered it. Perhaps a more consistent approach to letting the supervisors and seniors focus on helping the phone reps would help, rather than constantly having them attend higher-up meetings.

I would still recommend this job to friends who need something to learn about finances or how to talk to people, to make money for a little while, or to just get an entrance into the financial industry, but I would not recommend it as a career anymore.

Recommends
Negative Outlook
Approves of CEO

277 Other Employee Reviews for T. Rowe Price (View Most Recent)

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  1. 1 person found this helpful  

    no opportunity for quick growth

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

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

    Pros

    401k match, employee stock, good 1st job

    Cons

    no effort made to recognize or cultivate talent among young employees

    Advice to ManagementAdvice

    develop programs to help young associates further their careers

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 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 (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
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