T. Rowe Price Reviews

Updated August 28, 2015
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347 Employee Reviews

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  1. Helpful (1)

    Great Place to work - Making strides with change management and favorable improvements

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources in Baltimore, MD
    Current Employee - Human Resources in Baltimore, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at T. Rowe Price full-time

    Pros

    Collaborative work environment, co-workers willing to share and help newer employees, friendly atmosphere, optimistic leaders, work/life balance favors the employee, career growth/internal opportunities

    Cons

    Nepotism policies preventing relatives from working in some areas of the firm, approval process for certain items needs to be abbreviated, empower leaders at secondary levels to make more decisions (not just top of house)

    Advice to Management

    Keep pressing forward with change initiatives, advertise strong brand and continue to be an employer of choice


  2. Great company

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

    Pros

    Exceptional training, good people, great benefits, possibility of growth

    Cons

    Salary is not on higher level but still good


  3. Conservative company with a lot to offer.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Benefits. Knowledge and experience gained!

    Cons

    Can be monotonous at times since as the positions available can be limited depending on your location.


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


  5. I love it, great opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - RAM in Tampa, FL
    Current Employee - RAM in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great opportunity for growth and development

    Cons

    No cons at all, the skies the limit.

    Advice to Management

    Keep up the good work


  6. Not too bad, awesome people!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - 529 Service Associate in Owings Mills, MD
    Current Employee - 529 Service Associate in Owings Mills, MD
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good insurance, positive work environment and management.

    Cons

    Lower than average industry salaries.

    Advice to Management

    Check up on employees to see if their interests have changed. Once you have shown interest in something they won't let you change your mind,


  7. Helpful (1)

    Great Company, but changing.

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

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

    Pros

    Great benefits and time-off policies. Conservative leadership keep progress and growth at a steady consistent pace.

    Cons

    Limited career opportunities. Jobs pay less than industry peers. Trade off used to be ok because it was a very employee focused organization with a great culture. Recent management changes are changing the culture and associates seem to be more worried about keeping their jobs than doing what's right for the business.


  8. Wonderful place to start my career!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Love the atmosphere, the benefits, & the people. Training is great and managers help you learn & grow. Benefits are great.

    Cons

    I wish they would allow more people to work from home.


  9. Helpful (3)

    Horrendous Place to Work

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

    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 Management

    Treat your employees with respect.


  10. Helpful (1)

    Miss the company, not the management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing and Communications in Owings Mills, MD
    Former Employee - Marketing and Communications in Owings Mills, MD
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    After 12+ years with the company, the hardest part was leaving the people. T. Rowe Price hired some amazing people 15-20 years ago, and a lot of those people are still with the company. The Owings Mills campus is a great backdrop, and the benefits are great.

    Cons

    Change is good, but constant change does more to hinder than help the culture. Tenured employees become extremely frustrated when management and expectations are in constant flux. It can become difficult to move up after you reach a certain level and growth can become stagnant. Salary seems to still be an issue; offering less than the national average.

    Advice to Management

    T. Rowe Price has one of the most talented tenured workforce in the area. Listen to them. Constant change and ineffective managers are driving them away and T. Rowe has begun to lose its luster in the professional community.


  11. Helpful (1)

    Great way to start a career in Financial Services, amazing benefits but limited growth opportunities

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Former Supervisor in Tampa, FL
    Former Employee - Former Supervisor in Tampa, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at T. Rowe Price full-time (More than 8 years)

    Pros

    Best benefits by far! Not just in the industry but compared to many large companies. They basically fund your entire retirement with yearly 401k bonus for all employee's and company contribution both regardless if you contribute yourself (on top of company match for contributing yourself and yearly bonuses). Additionally, you get a ton of paid time off, good health plan options and lengthy, paid maternity/paternity leave. If you have a college degree and a good interview, they will hire you into a "customer service" role. Put your pride aside that you don't want to work in "customer service" and take it. You will learn so much in a short period about mutual funds, investments, retirement planning, etc. They hire mostly from within so growth can happen quickly (within 6 months) to better and higher paying jobs. They will pay for you to get your Series 7, 66 licenses. The people you work with make the job fun. Good atmosphere and opportunities to get involved in the community. This job will make your resume look good for future jobs but in most cases, that is about it.

    Cons

    Unfortunately once licensed, the roles are limited to "Sales" or "Leadership" roles. After a few years, most of the good and driven employee's leave to seek higher paying roles in the industry. Those that stay for more than 5 years, do so for the great benefits certainly not job satisfaction or advancement. The employee's that are client facing (phones which is most roles) are treated as easily replaceable (which funny because it is actually impossible to fire anyone). The interview process means little to nothing, it's all about your "buzz". HR needs to play a bigger role in the interview process internally. Lastly, the systems, processes and back office procedures are so outdated it's impossible to get anything done, escalated or resolved. The left hand doesn't talk to the right and no one knows answers to correct issues. Not a well oiled machine! Most of the time, your manager never worked in the job so has no idea how to help you resolve client issues (which there are a lot of).

    Advice to Management

    Spend a day, just once a quarter in the life of the associate that deal with the customers. There are so many frustrations and system limitations that end up in dissatisfied client experiences. I took hundreds of these "sup calls". Unfortunately the feedback goes nowhere. TRP spends so much money every year enhancing what they think needs to be done with the help of "marketing" but nobody has just listened to the customers directly from the source. Similar to the tuition reimbursement policy, put some sort of reimbursement policy in place for licensing associates! Associates are using TRP to get licensed then moving on.



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