T. Rowe Price

www.troweprice.com
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Employee Reviews

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  1. 3 people found this helpful  

    A lot of Smoke and Mirrors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - High Enough to Know Enough
    Former Employee - High Enough to Know Enough

    I worked at T. Rowe Price

    Pros

    Great history and reputation.Great, if not the best, at managing the message internally and externally, you will never know the truth about anything.

    Cons

    Lost the heritage of the company since the change in executive management. The message is not being delivered down through the company as it is intended. Beware of smiling assassins. Moved to 'management by fear' in some organizations.

    Advice to ManagementAdvice

    Executive management need to make sure that their message is being conveyed and executed in the spirit it is given as opposed to being for middle/senior management's own self fulfillment.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Conservative Investing, conservative corporate culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Associate
    Current Employee - Senior Associate

    I have been working at T. Rowe Price

    Pros

    If your fresh out of school or looking to change careers, T. Rowe Price is a great place to start. Great name, responsible/conservative money management, great 401k choices and a reasonable number of hours in the work week round out my experience here. TROW is in a great position in the industry to capitalize on the current market condition and is poised for growth in the future.

    Cons

    The company is conservative in nature and is very slow to adapt to changes. For instance, the majority of the workforce here is grossly underpaid and certain groups are overworked. Not a great model considering all employees are compensated based on the same scale and the fact that promotional and annual merit raises are non-negotiable. Adding insult to injury is the small raise dollar amount of these increases due to the miniscule base salary. Bonuses are paid yearly, however in order to realize the full benefit of them you would have to stay with the company 5 years as a portion of the bonus goes straight to your 401k.

    Advice to ManagementAdvice

    Listen more. Even if you've been at the company 10+ years be open to less tenured associates ideas/opinions.

    Doesn't Recommend
    Approves of CEO
  3.  

    slow death

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Phone Monkey in Tampa, FL
    Former Employee - Phone Monkey in Tampa, FL

    I worked at T. Rowe Price

    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 ManagementAdvice

    dont work there

    Doesn't Recommend
    No opinion of CEO
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  5. 1 person found this helpful  

    TRPIT can be a cut-throat culture.

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

    I worked at T. Rowe Price

    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 ManagementAdvice

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

    Doesn't Recommend
    No opinion of CEO
  6.  

    Horrendous Place to Work

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

    I worked at T. Rowe Price full-time (less than a year)

    Pros

    - Good brand name to have on your resume
    - Quality reputation
    - Highly qualified employees

    Cons

    - Long hours for insufficient pay
    - Non-friendly work environment

    Advice to ManagementAdvice

    Treat your employees with respect.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Good for someone right out of high school to get experience, but not a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - PSC Representative
    Current Employee - PSC Representative

    I have been working at T. Rowe Price

    Pros

    This company does have good health insurance and the retirement benefits are better than most.

    Cons

    There is a high school mentality that stems across the RPS department. If your not part of the click or the popular you aren't in line for any kind of promotion or any consideration even if you have the credentials to support it. Also, expect to be micromanaged and watched heavily and constantly. One last point, this is just another customer service job... Even if you are correct/accurate in your position the client will always be right and you are wrong...you never seem to be able to win. Pay is also about $5-$10k lower than competitors in the same industry.

    Advice to ManagementAdvice

    There are a lot of talented people out there but you will never now if you don't give your employees the chance and hire/promote based on how much you like them and if they fit your mold. One last suggestion, but stop micromanaging. For an institution who has such a high turn around, you be surprised how many people will stay and go above and beyond for you if you let them do the job you originally hired them to do.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    General

    • 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

    Office complex is great. Benefits are good. Over atmosphere of the organization is ok. People that work at the location are friendly and willing to help.

    Cons

    It is very political environment. Management talks about how they promote from with, but that is a false front front. The organization does not take previous experience into account and how those skills may bring a fresh perspective and help the organization grow.

    Recommends
    Positive Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Management talks the talk but doesn't walk the walk

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

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

    Pros

    Owings Mills campus is pretty but in a dull area. Benefits are good but not the best.

    Cons

    New executive team wants you to "challenge the status quo," and "take risks" but the minute you do you're an outsider. To succeed, you need to keep your head down and follow orders. Managers who sit in their office and only manage people are rewarded, managers that contribute are viewed as too tactical. "You're too tactical, you need to be more strategic." Strategic = meet all day, talk and accomplish nothing.

    Advice to ManagementAdvice

    The leadership team (GR 47+) should be more visible and do skip level meetings. I left my manager, not T. Rowe Price.

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

    Good place to start career, but not a lasting move though

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

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

    Pros

    Steady work
    Learn a lot about investing
    Great investments

    Cons

    Reward seniority, not aptitude.
    "Brain-shackles" (i.e., headset policy is cumbersome, even for a call center)
    Limited upward mobility.
    Ruled by the clock

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    You get what you pay for!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at T. Rowe Price

    Pros

    Great 401k, downtown office is nice, learned a lot about office politics and the types of people to avoid in my career.

    Cons

    Poor, detached, unengaged and ignorant leadership. Most managers remind me of children that are playing "Office," just like children would play "House" or "Doctor." I believe the low low salaries attract weak and insecure talent. Beware of competitive leaders who will back stab you for a few hundred more dollars in their already tiny bonuses. This reminds me of hungry dogs fighting over a single bone. The desperation and uncertainty of income and advancement adds to the low employee morale. The skills that are taught are non-transferable. They are only relevant to specific tasks. If you are young you will be expected to perform basic Excel tasks for upper management because they are not trained on modern technology. Oh, by the way, they still use Excel for everything! It's 2013! If you are smart and talented - stay away - this company does not know how to foster your growth.

    Advice to ManagementAdvice

    Hire and promote, smart educated people. And pay them a competitive salary! Base that salary on the skills they are bringing to the organization and not the cost of living adjustment you gave them the year before.

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