T. Rowe Price Reviews

Updated August 28, 2015
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T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
219 Ratings

Pros
  • Good work life balance, friendly work environment (in 25 reviews)

  • Stable company with great benefits (in 38 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 Pros and Cons

347 Employee Reviews

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  1. Featured Review

    Helpful (1)

    Excellent place to work

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

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

    Pros

    Great job culture. Work life balance. great benefits. Amazing co-workers

    Cons

    Depending on the type of job, you may get called during off hours.


  2. Helpful (1)

    TRPIT can be a cut-throat culture.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Baltimore, MD
    Former Employee - Business Analyst in Baltimore, MD
    Doesn't Recommend
    No opinion of CEO

    Pros

    Reasonable Pay, Great Benefits. Good work-life balance, if not on call.

    Cons

    Culture in TRPIT can be cut-throat. Inter-departmental coordination can be difficult.

    Advice to Management

    Make better hiring decisions when filling senior positions from the outside.


  3. slow death

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Phone Monkey in Tampa, FL
    Former Employee - Phone Monkey in Tampa, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    none benefits and a stock match if you can make it a year..advancement is poor, manegement dosen't care about your family or health and they lie for a living.good luck!

    Cons

    no recognition poor interaction and feedback of advance opps

    Advice to Management

    dont work there


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    2 1/2 Years in Hell

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Specialist in Colorado Springs, CO
    Former Employee - Investment Specialist in Colorado Springs, CO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    If you're fresh out of college and want to get into the financial industry this would be a great place to start. They will cover the cost of your licensing teach you about mutual funds and annuities. They will help you obtain your series 7, 63 and 65 or 66 (combo 63/65). The benefits are great, and they pick up a lot of the cost of your health insurance premiums.

    Cons

    If you are over 45 years of age, forget advancement. It's a 20 -30 something company if you're re-inventing yourself. Lower and middle management is immature and inexperienced. Last week's process was A, this week's is B. Communication is so poor, you'll only find out about B because you're getting written up about still performing A. Innovation on the bottom ranks is not rewarded, and sometimes presented to upper management with the lower supervisor's name as the originator.

    Advice to Management

    They asked me this question when I resigned and my answer was, "If you really cared, you would have listened to me while I was there." OK, so here's my answer: Hire Michael Gerber of E-Myth to repair and integrate your broken systems. Hire Jack Welch to teach your middle and lower management how to get your employees to grasp your vision, take ownership and run with it. Let your employees take calculated risks. Reward, don't punish innovation and you'll find your turn over greatly reduced and employee morale up.


  6. Helpful (1)

    Hidden agendas

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Specialist in Colorado Springs, CO
    Former Employee - Service Specialist in Colorado Springs, CO
    Doesn't Recommend
    Disapproves of CEO

    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 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.


  7. They work you hard and pay you dirt.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Retail Sales Associate in Owings Mills, MD
    Current Employee - Retail Sales Associate in Owings Mills, MD
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Very nice people to work with. Easy to make friends with co-workers. 401k benefits are great.

    Cons

    They do not paid fairly. It is who you know here, not what you know. There is a ton of overtime and make sure you keep track because they will rip you off. Like others say, it is like working in a sweat shop. Do not try and work here unless you are trying to get a job right out of college.

    Advice to Management

    Need to learn to manage.


  8. Helpful (3)

    Will hire right out of college - just don't stick around too long

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior In PSC in Owings Mills, MD
    Former Employee - Senior In PSC in Owings Mills, MD
    Doesn't Recommend
    No opinion of CEO

    Pros

    T. Rowe will hire someone as soon as they graduate college, without any experience required. You get decent training to learn what you need to know. In this position, you will also get a fair amount of industry knowledge that will be helpful in future jobs.

    Cons

    The pay is terrible. Most associates still live at home with their parents due to the lack of compensation. Promotions are based on who management likes best, rather than the strongest workers. The job itself is completely mundane and repetitive. You do the same thing all day, every day. You are required to request days off months ahead of time and will be turned down often. Each one of your colleagues also hates their job, so the morale is terrible. Your schedule is set so if you are even a minute late, you get a "warning" and eventually get "written up." They are so afraid to fire anyone that many of your colleagues are completely inadequate at his/her job and you spend most days cleaning up their mistakes. Additionally, management tells you how great your benefits are, but as soon as you go to another company you realize that they weren't good at all. Lesson learned: Work there for a year, get your licenses... apply to other competitors in the area. You'll make way more money and actually like your job.

    Advice to Management

    1. Pay your associates more and you will stop seeing such high turnover. 2. Promote based on performance rather than who your friends with and who you want to go to happy hour with and you'll have managers who can actually do their job. 3. You'd be better off sending your call center to another country and letting the talented college graduates do something that doesn't make them hate coming to work every day. "It's what's best for the company..." is never what's best for your employees. The more bad decisions you make, the more employees you will see leave.


  9. Horrible to work for unless on inside track.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Doesn't Recommend

    Pros

    Benefits and overtime compensation are similar to other corporate benefits; however, rewards will be in the form of cards or gifts.

    Cons

    Horrible management and supervisors who do not know the job, are too inexperienced and raises will be given to only those people who cheat the system to get ahead of their coworkers.

    Advice to Management

    Top down management style does not meet bottom up management style except headon for numerous conflcts. Suggest periodic hands on involvement instead of showing up a few times per year for group meetings and working with each department to provide world class customer service.


  10. Grueling and stressfull

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PSC in Owings Mills, MD
    Current Employee - PSC in Owings Mills, MD
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    No weekends, but only because the stock market is closed. Be sure if it wasn't they'd force mandatory weekends

    Cons

    Exceedingly low salary for the industry. No accountability amoung departments, forced mandatory overtime, no regard for the employees personal needs, incompetant supervisors that shirk responsibility when convenient and micro manage you down to the nano second of your day Steeped and motivated only by the good ole "Not what you know, but who you know" politics so typical of call centers, but even more so at this company Only way to get out is to quit or transfer, but transfers unlikely if you don't have a direct manager that loves you and for that be prepared to be a major brown nose!

    Advice to Management

    Bring starting salaries up to something inline with the 21st century so staff can at least justify the misery when cashing their paychecks Hold supervisors accountable to their roles Hire more people to relieve the overtime burden on those that are forced to shoulder it simply because the overtime pay equates to more head count anyway if you do the math finacially


  11. Helpful (4)

    State Government but without the frills

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at T. Rowe Price full-time (More than 8 years)

    Pros

    Plenty of nice hard working people in the production roles. You can depend on the people you work with, because if they couldn't produce they would have been forced out a long time ago. Free Folgers in the break room.

    Cons

    Way too many layers of management. Limited people in production roles with supervisors, managers, business unit heads over them contributing little. Spends millions on consultants that provide no value, only suggestions for the future initiatives that never happen. Limited room for growth, very conservative with adding new positions. Very big on watered down job descriptions that immediately expand once you start, though which are never updated to reflect the new work. You can work your way from the bottom to the middle, but any position above that they are going to look to hire from the outside. If you are coming from the outside, look to make 20-30% more then your peers in the same roles (good for you though).

    Advice to Management

    I have seen countless smart and hardworking people leave because the comp is so lacking compared to industry peers. You would rather have a person spend 1-2 years learning a new role then pay somebody who knows it inside and out the 2-3k to stay. You used to fire back the "great benefits pitch" but now you have taken all of them away.



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