T. Rowe Price Reviews

Updated August 14, 2014
Updated August 14, 2014
282 Reviews

3.5
282 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
T. Rowe Price President, CEO, and Director James A. C. Kennedy
James A. C. Kennedy
201 Ratings

Review Highlights

Pros
  • Very people friendly company, with good work/life balance (in 19 reviews)

  • Great benefits and comfortable work environment (in 36 reviews)


Cons
  • Career opportunities in Colorado Springs were limited to call center management (in 14 reviews)

  • Impact to ability to have appropriate work life balance (in 6 reviews)

More Highlights

Employee Reviews

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  1. 3 people found this helpful  

    Avoid working at T. Rowe Price as all costs!!!

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

    I have been working at T. Rowe Price

    Pros

    Very good benefit package
    Many good people work for this company
    I believe Jim Kennedy is a good man who doesn't know how people are being treated
    I'm sure the company started out actually caring about its employees, but somewhere along the line that has been lost.

    Cons

    HORRIBLE PLACE TO WORK: Torturous workload, gruelling hours, sweatshop environment, not enough people to process work. Impossible to please managers because parameters of job change daily. Managers are hired from other departments and most don't have a clue what those under them do. Horrible work-life balance because of the hours of overtime that are expected, especially during tax season. The expectations management has for the processors to meet productivity and quality numbers is unrealistic and the pressure they place on their employees is inhumane. People are literally killing themselves to escape the nightmare that is their job.

    Advice to ManagementAdvice

    The company claims to value their employees, but their words are empty. Why is it acceptable for you to destroy the confidence and sense of mental well-being of those who are in your employ? The productivity and quality metrics are obviously set by those that do not process, because they are impossible to meet. A processor can break his back doing his very best for the customer and for the good of the company, but no matter how hard he tries, he will never succeed. Employees don't dare speak out against the horrible way they are treated because they cannot afford to lose their job.

    Doesn't Recommend
    Approves of CEO
  2. 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
  3. 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
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  5.  

    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
  6. 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
  7. 1 person 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 for 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
  8.  

    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 for 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

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