T. Rowe Price Reviews | Glassdoor

T. Rowe Price Reviews

Updated May 22, 2017
207 reviews

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Pros
Cons
  • Also the overtime is terrible for anyway who wants a work life balance (in 20 reviews)

  • You're basically a glorified call center rep (in 28 reviews)

More Pros and Cons

  1. "Sales Supervisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supervisor in Baltimore, MD
    Current Employee - Supervisor in Baltimore, MD
    Recommends
    Positive Outlook

    I have been working at T. Rowe Price full-time (More than 8 years)

    Pros

    Lots of autonomy, diverse set of responsibilities, 4 weeks vaca, company stock match, 8 hours volunteer time, and very cool people to work with. T. Rowe takes care of employees when they need to be out (i.e. medical leave)

    Cons

    HR policies and procedures lead to a lot of red tape in the corrective action process, Total comp is solid due to great benes, but base salary is on the low side of average provided the variable structure. There are lots of long term career options but breaking into higher level positions takes a very very long time

    Advice to Management

    more hiring from within needed


  2. "RDS Senior Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Colorado Springs, CO
    Current Employee - Anonymous Employee in Colorado Springs, CO
    Recommends
    Positive Outlook

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

    Pros

    Supportive leadership and many opportunities to advancement

    Cons

    Compensation structure is lower than competitors and not much flexibility in schedule


  3. "Good Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Clarksville, MD
    Former Employee - Anonymous Employee in Clarksville, MD
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at T. Rowe Price full-time (More than 5 years)

    Pros

    Customer focused and employee focused

    Cons

    Slow to move, very conservative


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  5. Helpful (2)

    "Solid company to work for, room for improvement"

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

    I have been working at T. Rowe Price full-time (More than 8 years)

    Pros

    I know this is probably everywhere, but I have had both the best and worst managers of my entire life here. One discovered helped me develop my strengths and become really the best version of myself. Overall, the company has a strong focus on coaching and development and if depends on who you get as to how that plays out. T. Rowe Price can be a wonderful place to start a career in the financial industry and there is a good management/leadership track.

    The company has a rich benefits package. From a top notch 401(k) to unbeatable insurance to overall generous vacation and a great ESPP.

    Cons

    I think too often the coaching and development focus is on strengths rather than weaknesses, but it does depend on your manager.

    Ironically, while T. Rowe is known for their investment approach based firmly on their fundamentals, I sometimes feel they miss that to work for them. It's been frustrating to see employees overworked because technology is not properly invested in and manual solutions are instead bandaided creating substantial risk.

    Salaries are generally disappointing and being located in Colorado Springs, the company seems generally content to lose top talent to other firms and to frustrate their employees with perpetually underpaying the market.

    Advice to Management

    Invest in the long-term technologies and more quickly. Don't be cavalier about great employees leaving. Yes, everyone can get better at their weaknesses, but make sure that you maximize you your people's best talents - that's what you're paying for. Also, it is embarrassing the number of women we have in top management - please fix the good ol' boy's club.


  6. "Great Workplace!"

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

    I have been working at T. Rowe Price (More than 8 years)

    Pros

    Great place to work and opportunity for growth. Great with training and development as well as education on the organization.

    Cons

    Need for mentoring program and create a networking atmosphere for associates of all levels. It would be good for higher management to connect and provide insight on growth opportunities within the company.

    Advice to Management

    Work towards connecting with all levels of management. Lower management have great ideas that can contribute to company growth. Reduce higher management bonuses and increase bonuses for lower management.


  7. "Senior Associate"

    Star Star Star Star Star
    • 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

    great non-monetary benefits, easy company mobility, excellent work-life balance, and really nice people. overall, a really solid company to work for.

    Cons

    in order to move past a certain level, you definitely need a solid education background or significant professional experience. hard to break through into the trading environment, similar to many competitors

    Advice to Management

    take smaller bonuses and reward employees at the bottom making less than 50k a year. no reason someone should be making $10 million a year when others at the same company are just trying to stay afloat


  8. Helpful (1)

    "Retail Investment Services Associate"

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

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

    Pros

    Opportunity for advancement is great as long as come in working hard and become well known. Great vacation package

    Cons

    Very political environment. Promotions are often given to less qualified employees simply because of their relationship with management.

    Advice to Management

    Work harder promote hard working individuals and less time looking for reasons to fire employees that you personally don't care for.


  9. "great culture"

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

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

    Pros

    The middle management is fair and understands balance between work/life.

    Cons

    underpaid, under trained managers, internal interviewing seems to be preordained so it becomes pointless to post for a position if you do not have an inside track.

    Advice to Management

    On the Retirement Plan Services side of the company the upper management has completely lost the focus of what is important and destroyed the qualities instilled by the outstanding team before them.


  10. "T Rowe price"

    Star Star Star Star Star
    • 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

    Pros

    Great culture and plenty of support

    Cons

    Salary low compared to competitors


  11. Helpful (1)

    "Reasonable Investment Experience, But Operations Management Nightmare"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Former Employee - Anonymous Employee in Colorado Springs, CO
    Neutral Outlook
    Approves of CEO

    I worked at T. Rowe Price (More than 3 years)

    Pros

    - Free licensing of Series 6, 7, 63, 66.
    - Excellent investment and mutual fund education
    - Challenging service environment with unique and interesting situations.
    - Decent (if not competitive) pay for new career/recent college graduates.

    Cons

    - Management is a disaster and very often is the blind leading the blind.
    - Espouses open communication and collaboration, but the reality is very different.
    - Uses 'feedback' and 'perception' environment to create an atmosphere that is not transparent and not supportive to people will to work toward management positions.
    - Leadership development is based on 'readiness' and not on actually developing people into leaders.
    - Poor training for new leaders leads to poor decision making in recruiting new leadership.
    - Leadership skills and talents vary wildly from leader to leader and there is no positive feedback for leaders.
    - People are terrified of saying what they think because it might create a 'perception' about them (whatever that means).

    Advice to Management

    - Actively seek feedback from associates at all levels, from entry-level on up, before implementing massive changes. Hint: Feedback about the 'general state of things' isn't sufficient. You need to be open and transparent about what changes are in the works and request specific feedback before implementing.

    - Ensure leadership consistency regarding actual achievable concrete steps towards new positions. Provide direction for those who have made a career decision that was not a good fit (rather than pushing them out the door).

    - Your leadership calibrations at the supervisor level are not doing the job effectively, there is too much 'behind-the-scenes' favoritism happening, and not enough critical analysis about where people's skills and strengths actually lie. Supervisors in general are not good at making hiring decisions. It's their first time in that role, and you've created an atmosphere where they have far too much power and control over it with very little direction from their managers.

    - People are being put into Senior positions (and consequently Supervisor positions) over emotional "I feel this person will do a good job" decisions. That isn't sustainable and feeds the issue even more.

    In general:

    - Transparency and associate involvement to provide feedback BEFORE major changes are implemented.
    - Fix the management issues in operations. It's a joke, and makes T. Rowe Price look silly.


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