T. Rowe Price 508 Reviews | Glassdoor

T. Rowe Price Reviews

Updated February 19, 2017
508 reviews

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508 Employee 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 a glorified call center representative and even though it is an inbound (in 25 reviews)

More Pros and Cons

  1. "Retail Account Management Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Health Benefits, 401K, Cafeteria, Some Employees

    Cons

    Low Pay, Unexpected Mandatory Overtime


  2. Helpful (3)

    "Dont stay too long!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - RDS Service Associate in Colorado Springs, CO
    Former Employee - RDS Service Associate in Colorado Springs, CO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    A new employee can become fully licensed and very desirable to the competitors, where everyone eventually ends up going.

    Cons

    Management will lie to you. You can exceed expectations, but if you are not young or don't try to promote every year or so, they will try to manage you out. If you don't take the hint, you could be demoted or terminated.

    ADVICE: Get your licenses and a year or 2 of experience and move to a real Investment firm. If you are given an action plan, find another job and fast. Or you may be out 6 months to a year later.


  3. Helpful (1)

    "Conservative Investing, conservative corporate culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate
    Current Employee - Senior Associate
    Doesn't Recommend
    Approves of CEO

    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 Management

    Listen more. Even if you've been at the company 10+ years be open to less tenured associates ideas/opinions.


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  5. Helpful (3)

    "A lot of Smoke and Mirrors"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - High Enough to Know Enough
    Former Employee - High Enough to Know Enough
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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.


  6. Helpful (6)

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

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    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 Management

    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.


  7. Helpful (2)

    "Terrible Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Associate
    Former Employee - Investment Operations Associate
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Employee Stock Purchase Plan, Health Benefits

    Cons

    Terrible Management, Minimal Graduate Degree Funding, Low Starting Salaries, Redundant Work, No Growth Opportunities Internally, Operations Layoffs Will Continue

    Advice to Management

    Fire the entire management staff in Operations, especially the manager of the Fund of Funds group


  8. Helpful (5)

    "Caring firm but lacking feedback to respective employees."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Market Data Analyst in Baltimore, MD
    Former Employee - Market Data Analyst in Baltimore, MD
    Doesn't Recommend
    Approves of CEO

    Pros

    T. Rowe Price offers some of the best benefits around to full time employees. Since I was an intern I did not expect nor did I receive any benefits. However, from talking to full time employees, I saw that that T. Rowe Price offered many incentives such as matching 401k's and increasing bonuses that other firms did not offer. Additionally, the environment is stimulating and the level of professionalism I saw was enormous. During my time, I participated in many intern events and because this was a long term co-op, I was placed in fully paid corporate housing, which was a huge benefit.

    Cons

    The feedback I received for my performance lacked tremendously. I thought I was doing a good job, but later in the program I received complaints about performance related issues that happened a long distance time in the past. The feedback is the worst part of T. Rowe Price where people are afraid to let ones thoughts known about what is going on and to the level of perception that others see you. This is a downside of the firm that I hope they would improve because an employee doesn't know how others perceive him/her unless adequate feedback is provided to the employee.

    Advice to Management

    Take care of employees


  9. Helpful (1)

    "Depends Where You Are"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Analyst in Baltimore, MD
    Former Employee - IT Analyst in Baltimore, MD
    Doesn't Recommend
    No opinion of CEO

    Pros

    Benefits and opportunites to do something different in the company. Some people in other divisions really seem to like their jobs. Owings Mills campus is beautiful with nice cafeteria. The campus is easy to get to for a lot of people.

    Cons

    In some areas, there are cut throat employees. Sometimes it is difficult trying to coordinate across other divisions. Non-technical managers trying to manage technical projects was a problem sometimes, but that is like everywhere else I guess.

    Advice to Management

    None


  10. Helpful (1)

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

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


  11. "Great place to start, but not stay!"

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



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