T. Rowe Price Reviews | Glassdoor

T. Rowe Price Reviews

Updated May 24, 2017
537 reviews

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537 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 basically a glorified call center rep (in 28 reviews)

More Pros and Cons

  1. "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


  2. "Always lagging"

    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
    Doesn't Recommend
    Negative Outlook

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

    Pros

    It's a good place for someone new to the finance industry to attain securities licenses.
    It's a good place for someone seeking a "job" over the short to intermediate term; not a long term career.
    Would recommend to a friend only in these cases.

    Cons

    Very few opportunities for career advancement outside of the Baltimore MD home office.
    Extremely politicized work environment, with entrenched mid and senior management.
    Company is constantly lagging behind industry with regards to client-facing technology and internal work systems.
    Company has built a reputation of underpaying employees by just enough so that: 1. Employees question the companies sense of value placed on retaining talented people. 2. Employees constantly struggle with the prospect of looking to other employers for career advancement and equitable pay.
    Company has taken an adolescent approach to metrics for employee performance. This approach has completely changed the value proposition for our clients. Representative and client interactions are now focused completely around an arbitrary metric, and no longer around the client need. The company as a whole lacks vision and a mission (and mission statement), from the top down.

    Advice to Management

    Invest more time, effort, and money in retaining talent and building individual contributors (


  3. Helpful (5)

    "Great Mutual Funds, Stable, Fraternal / Old Boys Network"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great training, benefits, great mutual funds for clients, stable company.

    Cons

    Fraternal politics have more to do with promotion than achievements and interfere with developing a true collaborative culture, institutional inertia makes it slow to change or to gain perspective from experience outside the organization or from upcoming associates, not leader in client technology, middle managers often have not had the job of the people they are managing, micro-management.


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  5. "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.


  6. 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.


  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)

    "Things are fine."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Manager in Owings Mills, MD
    Current Employee - Lead Manager in Owings Mills, MD
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at T. Rowe Price full-time (More than 10 years)

    Pros

    The culture of the company and the strong ethics make the company worthwhile. As someone who has worked for other companies as well, I understand the industry and we have a good thing here.

    Cons

    Decision making, resistance to change, old fashion, trouble innovating, salary could be better, lack of formal career planning options for employees.

    Advice to Management

    Listen to the ideas of your employees more often


  9. Helpful (2)

    "This used to be a better company"

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

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

    Pros

    Stable, solid company with very strong investment management expertise and experience. Lots of very talented people. Traditionally the culture was a great strength for this company, providing a workplace of trust, promotion from within and career opportunities.

    Cons

    Culture in divisions other than the investment division has been eroded by growth and by bringing in a lot of senior level individuals in key positions with values and approaches very different from previous leaders. Opportunities for promotion from within are much more limited, there is less trust between levels of the organization and groups, and many capable people have left in recent years. Organization has become much more bureaucratic and political, and it is hard to get things done.

    Advice to Management

    Make sure you understand current issues with morale and put in place efforts to support and retain talent.


  10. Helpful (9)

    "Good old boys (and girls ) club"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Specialist in Owings Mills, MD
    Former Employee - Specialist in Owings Mills, MD
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    You can volunteer, and since so many people are leaving, they are hesitant to fire even pour workers

    Cons

    You have to have a cult-ish "T. Rowe Price is amazing" mentality to get anywhere. And must have conservative and white bread personality. No work life balance. 5-8 hours of mandatory overtime per week.

    Advice to Management

    Treat workers like human beings. Don't try to silence them


  11. 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.


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