T. Rowe Price Reviews | Glassdoor

T. Rowe Price Reviews

Updated September 30, 2017
93 reviews

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3.0
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William J. Stromberg
10 Ratings

93 Employee Reviews

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Pros
Cons
  • Work/life balance is diminishing for staff while management leaves early (in 22 reviews)

  • It's call center work for finance and customer service so it can be stressful (in 29 reviews)

More Pros and Cons

  1. Helpful (1)

    "401k professional"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Benifits, very strong retirement. You put up 4% T Rowe puts up 12.5%. Stock purchase plan. You put up 4% Trow matches 2% all after tax money immediately vested. Vacation, you will have so much time off you may not be able to use it all.

    Cons

    Pay is stagnant. You will get a 2.5 percent cost of living raise yearly that is it. If promoted and you make more than the positions low pay range you will get 1% or 2% maybe with an explanation that you make too much already. Can be frustrating when taking on more job responsibilities with not additional pay to reflect.

    The only career path that can be somewhat lucrative after time is leadership. If you aren't interested in managing people then you hit a rather low career ceiling.

    Advice to Management

    Provide avenues of advancement and opportunities for pay increase or substance bonus potential that are not capped with such a low ceiling. This will provide better retention of top employees through rewarding their contributions and allowing for a more fruitful career path. In turn top employees will feel better about their contribution, career, and provide less financial stress out side of work. Capping earning potential forces top producers to look for more lucrative employment opportunities, or to focus on task that aren't beneficial to the firm but will help provide a spring board for that employee to the next position (example solely focusing on networking, creating problems that don't really exist to solve for interview examples, or spending time performing a different job that isn't within their current role to demonstrate they have expirence performing that job on the next interview). Finally the lack of financial potential will create complacency if the employee doesn't leave the firm, which will result in poor moral and poor quality work due to learned helplessness.


  2. "The good and the bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst
    Current Employee - Senior Financial Analyst
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Benefits are strong for the area. Office campus had great amenities including a two gyms and two cafes.

    Cons

    No career growth, increase in turnover due to low morale and lack of career development, & poor management decisions that impact only the staff. Work/life balance is diminishing for staff while management leaves early

    Advice to Management

    Invest in your current employees before looking externally and consider the suggestions/opinions of those doing the work before making crucial decisions that impact staff

  3. "Investment Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Specialist in Tampa, FL
    Current Employee - Investment Specialist in Tampa, FL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at T. Rowe Price full-time (More than 3 years)

    Pros

    Steady Income and licensing aquired

    Cons

    Culture Issues and opportunity limited


  4. Helpful (1)

    "No long term planning, data issues"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at T. Rowe Price full-time (More than 3 years)

    Pros

    Good people to work with. Very generous benefits.

    Cons

    Location (Baltimore), pay, no long term planning....AND MAJOR DATA MANAGEMENT ISSUES.


  5. Helpful (1)

    "Low morale"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits, amazing 401k, coworkers are friendly.

    Cons

    Micromanaging, employees and leadership in the Tampa office have such a long tenure, that there is built up anger & tension due to lack of movement. That also adds to the micromanaging because why boost morale when you've been a supervisor for 10 years and aren't looking to go elsewhere. I guess it's fun to treat your employees like children.
    They pay is not as high as our competition, and getting bonuses in a realm outside of "standard performer" are unrealistic.
    It's hard being a working parent when overtime is 2+ hours. "Find another daycare" has been said by leadership to their employees.

    Advice to Management

    Maybe not micromanage and dissect everything. Show that you actually care and trust them. More flexibility. Doing all of that will lead to a boost in morale and happier employees who don't leave for Raymond James.


  6. Helpful (3)

    "It's a decent job."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Colorado Springs, CO
    Current Employee - Financial Services Representative in Colorado Springs, CO
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Starting salary is $38k and you're bumped up to $40k after passing the Series 6 and Series 63. Other than that, you're paid time to study for your licenses.

    Cons

    Micromanaging; Office politics; favoritism; lousy amount of vacation days. The job itself is horrendous. You're basically a glorified call center rep.

    Advice to Management

    Promote the people who actually have skill and talent instead of the people who think they're better than everyone else.


  7. "Good starter job"

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

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

    Pros

    Contributions to 401k from the company are great.
    Mostly autonomous atmosphere.

    Cons

    Technology used to support workplace participants is very antiquated.
    Base pay is less than optimal.
    Follow through from leadership to address serious concerns of workplace investors is not adequate.

    Advice to Management

    WISE needs a serious overhaul. Need more bodies on the phones and better technologies to support participants

  8. Helpful (1)

    "Smart people, but overall headwinds vs. passive"

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

    I have been working at T. Rowe Price full-time (More than 5 years)

    Pros

    -Being in baltimore removes the high turnover, short-term focused mindset from investing. People here are long-term focused, engaged in your development.
    -Ability to do a investing job in a suburban geography that is more accomodative for families

    Cons

    -Baltimore may not be an attractive location if you are young and without a family.


  9. "Not what it once was..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at T. Rowe Price full-time (More than 5 years)

    Pros

    I have some wonderful co-workers that have become good friends outside of the office.

    Cons

    A lot of hours, little pay.


  10. Helpful (2)

    "Good Company, Healthcare, Work Place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Colorado Springs, CO
    Current Employee - Financial Services Representative in Colorado Springs, CO
    No opinion of CEO

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

    Pros

    Solid company, great healthcare, good location

    Cons

    Low matching on 401k for a company in the business of 401k record keeping.

    Advice to Management

    Be open and support all who want to seek growth and promotion - not just the chosen few.


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