T. Rowe Price Reviews

Updated July 22, 2015
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337 Employee Reviews

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  1. Helpful (1)

    Basically a corporate "Call Center" with monotonous and repeitive work, low pay, but at least it's a "well known" name.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Services Representative in Baltimore, MD
    Current Employee - Services Representative in Baltimore, MD

    I have been working at T. Rowe Price

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The young co-workers. Great place to meet new people in the low to mid 20's. Almsot like a structured College Campus. However, management is much older but they stay to themselves. If you are young and not too concerned with salary starting out, but want a job with alot of cool people to hang out with, this fits the bill.

    Cons

    No advancement whatsoever. If you start at the entry level and are satisfied making $30K a year for the rest of your career with minor raises, then this is the job. No different than being a teller at a bank. You will make low 30's and have job security as long as you don't get bored with the phones, and trust me, you are on the phone ALL DAY! I suspect most people move on to other Financial Firms after a few years. The draw is the "Trowe" name and it appeals to the young people and they exploit it, but the work is pretty repetitive so someones gotta do it.

    Advice to Management

    Increase our pay!!!! Take home pay of $334 Net is too low!


  2. Great place to start, but not stay!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Owings, MD
    Former Employee - Anonymous Employee in Owings, MD

    I worked at T. Rowe Price

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great benefits, and they pay for series 6, 63, and 7. You will also learn a lot about the industry and side of the business you are on.

    Cons

    If you are not in the correct social circle, it does not matter how hard you work and what you do, you will be passed over for promotions.

    Advice to Management

    See the whole picture! There are a lot of hardworkers that get looked over, and warm and fuzzy is not the key to a good supervisor.


  3. Nice place to work if you want low stress and low excitement.

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

    I have been working at T. Rowe Price

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    T. Rowe Price has great benefits. You are not expected to work long hours. Your colleagues are mostly very friendly people.

    Cons

    Too slow paced. Too conservative of a culture. New ideas are met with a lot of resistance. Located in Baltimore.

    Advice to Management

    Be open to new ideas. Old school investment style has worked well for a long time. Eventually you have to adapt to changing markets though.


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  5. Helpful (3)

    come for a year or two, but you have to leave if you want $

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Mutual Fund Accountant in Baltimore, MD
    Current Employee - Senior Mutual Fund Accountant in Baltimore, MD

    I have been working at T. Rowe Price

    Approves of CEO
    Approves of CEO

    Pros

    Laid back atmosphere in the operations division Job security, as long as you don't mess up Friendly people Lateral hierarchy, freedom to talk to any boss along the rank

    Cons

    Terrible raises start at 40k, work for 2 years and get a promotion and you are at 45k... unacceptable in a HIGHLY profitable firm in the financial industry in my opinion

    Advice to Management

    Get more in touch with your younger generations. People work in finance to make money, not to work for the good of the client when you see no financial benefits (notable anyway).


  6. Helpful (5)

    Senior associate

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

    I worked at T. Rowe Price

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good benefits and very good 401k plan. good with respect to time off and a decent work life balance. Ok

    Cons

    Horrible pay, bonuses are a joke. Middle management seems to be clueless on complex issues and seems to have a lack of leadership. Unfair raises and promotions. No matter how hard you work you are always a "3". You can honestly come in late everyday do little to no work and have no idea about what is going on and you will get the same review as someone who shows up, tries and has a clue. If your idea for being rewarded for hard work is an ice cream social then T. Rowe is the place for you.

    Advice to Management

    Please make sure the people in a leadership role are actually leaders not just selected to fill a position or because you like them


  7. Helpful (1)

    Great name but not much to offer

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Accountant in Owings Mills, MD
    Current Employee - Portfolio Accountant in Owings Mills, MD

    I have been working at T. Rowe Price

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    - Young culuture - Not too many hours - Relaxed management

    Cons

    - You will be paid for your efforts even if it is above and beyond everyone else - Monotonous - Benefits like tuition reimbursement decreased to 50% - You will not learn nor apply much of what you've learned from college - Very cheap company - Does not value the employee half as much as the client

    Advice to Management

    If you want the turnover to decrease people will need to be paid.


  8. Helpful (2)

    Work environment at T. Rowe Price

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Owings Mills, MD
    Current Employee - Business Analyst in Owings Mills, MD

    I have been working at T. Rowe Price

    Approves of CEO
    Approves of CEO

    Pros

    They are ethical, pay well, have good benefits and somewhat flexible hours/schedule. They are recovering from the financial downturn and I am proud that they weren't involved in risky investing that caused the financial crisis.

    Cons

    There are too many managers in IT who only care about protecting what they have - they want to look important, do minimal work and keep their position and status. It's very frustrating to try to do a good job only to have your boss put you down or yell at you purely because he can. I applied for another position and the hiring manager didn't even respond to my request for feedback when I wasn't offered the job. Not all of the managers are like this but it's so hard to move around that if you get stuck with a bad one, you could be in a bad place for a long time.

    Advice to Management

    Pay attention to what employees are telling you about their manager. I think T. Rowe Price could be a great place to work if most of the managers cared about the customer and their employees.


  9. Think before starting here.

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

    I have been working at T. Rowe Price

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Very good work/personal life balance. Work is not difficult once you understand the concepts. Benefits are very good at this firm.

    Cons

    Pay is horrible. Strict 8-5 schedules. Training and career advancement are terrible. Technology is outdated. Empty promises to young college grads about a good place to start a career.

    Advice to Management

    Spend more time training the young employees who want to learn and move up in the company as opposed to filling the better positions with outside talent.


  10. Helpful (2)

    T. Rowe Price

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Owings Mills, MD
    Current Employee - Senior Associate in Owings Mills, MD

    I have been working at T. Rowe Price

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    One of the best reasons to work at T. Rowe Price is for the benefits. They offer contribution matching of your 401K and stock purchase program, but the tuition reimbursement program has changed so much it's almost not even worth it now. I beleive they match 75% of your tuition and you must pay it back if you do not stay with the company 2 years after you graduate with your degree. The only other pro about T. Rowe is you are almost guaranteed a supervisory or management position if you stay with the company for at least 10 years, but not for any good reason but tenure.

    Cons

    There are many problems with T. Rowe Price. The management does not communicate well with their employees, change is not promoted, and salaries do not reflect the skill, knowledge and risk of many positions as well as it is not comprable to that of other financial institutions. There are many cases of micro management within the firm and not too many performance promotions occur.

    Advice to Management

    I advise a survey of the associates, senior associates, tc's analysts and supervisors (those employees involved in the daily grind) regarding the changes that could be made improve morale. There have recently been hires outside of the firm for positions that should have been promoted within. There are many misunderstandings in management of the daily processes and true problems that associates are incurring, therefore no solutions are being reached.


  11. Find a different job

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stocker in Branson, MO
    Current Employee - Stocker in Branson, MO

    I have been working at T. Rowe Price

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    flexable scheldule and friendly management

    Cons

    Low pay, mindless work, No chance for promotions.

    Advice to Management

    be equal to everyone



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