T. Rowe Price Reviews

Pros

Lots of money, lots of benefits.

Cons

long hours, time away from family, stressful

Advice to Senior Management

Please accommodate executives with families.

Pros

The benefits were really great but they have been eliminating some. Can join health insurance, 401k, etc within a month if not sooner. Peers are amazing people.

Cons

Peers scolded regularly, many in tears daily. Expectations conflict, not possible for the honest associate to meet expectations, therefore bypassed for raises. Dishonesty encouraged, rewarded. Associates disrespected and lied to. Every computer keystroke recorded but mgmt lacks ability to properly analyze. Reports generated, associates harassed, time wasted trying to determine why odd data appeared on a report instead of concentrating on job, creates more errors and more stress. No opportunity to learn or advance. Associates encouraged to make up stories (lies) for internal behaviorial inteviews. Quality and customer service no longer treated as desirable attributes.

Advice to Senior Management

Year end road show - in reality the customer is treated the opposite of stated goals. Local mgmt: Stop hiding the truth. Let people know what you want, don't pretend the situation is the opposite of reality. You have good intelligent employees, quit treating them like ignorant children. Learn how to read the Big Brother reports instead of harassing associates with outrageous assumptions about how they spend their day. Remember, the associate is not the only party to the Code of Ethics.

Pros

Good community feeling with co-workers

Cons

Mind numbing and routine type work

Advice to Senior Management

Continue with positive feedback and reviews

Pros

Once you leave, you leave. No taking your work home with you.

Cons

Overstaffed, small pay raises and bonuses, low quality training for new employees

Advice to Senior Management

Find better on the job trainers! Higher pay to lower your turnover rate!

Pros

Great people, company pays for you to obtain and keep financial licenses, opportunities for career movement

Cons

Average compensation, sales can pay off if you do well, but other jobs don't pay what they're worth. General corporate politics. Often slow to implement change and advances in technology.

Advice to Senior Management

Motivate employee loyalty with increased compensation benefits; move to action and enact change more quickly to keep pace with technology

Pros

Company with strong integrity and client focus. Leaders put others ahead of themselves. Those with poor attitudes or variable commitment either leave or get shown the door.

Cons

Well, any of us would take more money, but the good outweighs the bad. Just like in life, you can't have everything you want, and sometimes you have to wait for things.

Advice to Senior Management

Stay focused on clients and on finding good talent. We'll always have things to improve on, and need to be cautious about where we spend our money.

Pros

T. Rowe Price is a great place to work and learn about the investment world. They really care about their people.

Cons

T. Rowe is very old school. It's hard to get good ideas through to management. Change happens but in a very methodical way.

Pros

Great benefits. I cannot say enough about how good our health care, stock purchase plan, and time-off policies are. The 401(k) is pretty good, although TRP is ripping off its employees with their retail funds when we should have access to investment trust shares.

If you like low-pressure and a static, stable environment, almost to the point of laziness, TRP is the place to be. Not hard to differentiate yourself among very average talent.

Cons

I am only speaking for Retail Sales and Operations. Average talent, slow to change, poor "pay for performance." If you enjoy sales and being rewarded for your performance, stay away! The only way to get paid at TRP is to get on a a slow, arduous path to middle management. If you are smart and creative, you will probably quit before long.

Advice to Senior Management

You have been breathing the same air for too long, and your sh*t does stink. Your ideas are mediocre and do not encourage top line growth. It seems we focus too much on cutting costs, corners, and not enough on retaining people who bring the dollars into the firm.

Pros

Good organization
Stable place to work

Cons

View opportunities to really advance
Management is chosen based on people skills, not knowledge

Pros

They have great benefits, excellent retirement plans and compensation

Cons

There is a big lack of communication among the departments, stifled growth, disorganization, some management's inability to appreciate feedback from employees

Advice to Senior Management

To respect the employees since they are usually the ones more in touch with the clients. It goes a long way to progression and improvement of the organization.