T. Rowe Price
3.3 of 5 247 reviews
www.troweprice.com Baltimore, MD 5000+ Employees

T. Rowe Price Reviews

Updated Apr 14, 2014
All Employees Current Employees Only

3.3 247 reviews

                             

88% Approve of the CEO

T. Rowe Price President, CEO, and Director James A. C. Kennedy

James A. C. Kennedy

(176 ratings)

67% of employees recommend this company to a friend
247 Employee Reviews
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Review Highlights

Pros:
  • "Very people friendly company, with good work/life balance"
    in 19 reviews
  • "Great co-workers, great mutual funds, great company culture & great benefits"
    in 32 reviews
Cons:
  • "Career opportunities in Colorado Springs were limited to call center management"
    in 13 reviews
  • "Internal advancement opportunities have been stifled as the company has grown"
    in 11 reviews
  • Show more review highlights

Reviews

1 person found this helpful  

You get what you pay for!

Anonymous Employee (Current Employee)

I have been working at T. Rowe Price

ProsGreat 401k, downtown office is nice, learned a lot about office politics and the types of people to avoid in my career.

ConsPoor, detached, unengaged and ignorant leadership. Most managers remind me of children that are playing "Office," just like children would play "House" or "Doctor." I believe the low low salaries attract weak and insecure talent. Beware of competitive leaders who will back stab you for a few hundred more dollars in their already tiny bonuses. This reminds me of hungry dogs fighting over a single bone. The desperation and uncertainty of income and advancement adds to the low employee morale. The skills that are taught are non-transferable. They are only relevant to specific tasks. If you are young you will be expected to perform basic Excel tasks for upper management because they are not trained on modern technology. Oh, by the way, they still use Excel for everything! It's 2013! If you are smart and talented - stay away - this company does not know how to foster your growth.

Advice to Senior ManagementHire and promote, smart educated people. And pay them a competitive salary! Base that salary on the skills they are bringing to the organization and not the cost of living adjustment you gave them the year before.

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2 people found this helpful  

It is somewhere to get started in your financial career, but move on ASAP.

Anonymous Employee (Current Employee)
Tampa, FL (US)

I have been working at T. Rowe Price full-time for more than 3 years

ProsThey pay for you to get licensed, and they offer benefits.

ConsI have worked for the company going on 3 years now, and I have seen many things deteriorate on a quickening pace. First, when I started, TRP was known to have good benefits packages. They have gotten MUCH worse. The entire call center is consistently understaffed, under paid, and over worked. OT is required almost every week, and they will switch your schedule on a moments notice. Over the years, the job opportunities to move up in the company have diminished to almost nothing. Management has consistently increased workloads on employees, without offering proper compensation for the increase. And finally, the management does NOT take employees concerns and opinions into serious consideration.

Advice to Senior ManagementListen to your employees. They bring in multi millions of dollars into the company for you, and happy employees equal increased sales. If you try something, and it doesnt seem to work, dont continue down the bad path!

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1 person found this helpful  

Conservative, but Stable

Anonymous Employee (Current Employee)
Tampa, FL (US)

I have been working at T. Rowe Price full-time for more than 3 years

ProsThis is a great company to work for. Great benefits and a trustworthy staff.

ConsMovement through the company will SHARPLY differ depending on what site you work at. The opportunities in Baltimore vastly outnumber that which is available in Tampa and Colorado.

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Good atmosphere and nice people in the Tampa office.

Intern (Current Employee)
Tampa, FL (US)

I have been working at T. Rowe Price as an intern for less than a year

ProsGood hours, great location, perks for working there.

ConsThe way they rate you on the errors aren't very fitting for what you actually do.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Solid company, good people

Anonymous Employee (Current Employee)

I have been working at T. Rowe Price full-time for more than a year

ProsThe opportunity to work with many bright and talented individuals

ConsAlot of collaboration sometimes slows down the abilty to get things done

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great place to work & learn

Anonymous Employee (Current Employee)

I have been working at T. Rowe Price

ProsGreat collegiate environment to start off and gain working experience. Friendly staff and Organization in general.

ConsHR can be slow in terms of employment promotions. Acknowledgement of success from upper Management is slim to none.

Yes, I would recommend this company to a friend

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6 people found this helpful  

Moving on

Supervisor (Current Employee)
Colorado Springs, CO (US)

I have been working at T. Rowe Price full-time for more than 5 years

Pros401k Match and Investment Choices
Gain a better understanding of the financial industry.
Time off

ConsSalary is horrible and does not keep pace. For instance if you are starting as a Supervisor you will receive around $51k and a Supervisor that has been in the role for lets say 4-5 years will make $53k. To make things worse a few associates with overtime may make as much or more than you. Year after year we are told that it is being reviewed, but it always remains the same. A lot of great talent is lost to other companies once a ceiling is met.

The management tends to focus on the low performing associates more than the associates that are meeting or exceeding expectations.

At one point (6 years ago) T. Rowe Price only hired people with a college degree, now it hires anyone that has some sort of customer service and can answer a behavioral question on the interview right.

If an associate discusses something with HR it is quickly spread to the management team. I have told multiple associates to not discuss certain things with HR as it may harm them with how they are perceived by the management team.

The current health care package is a joke.

Advice to Senior ManagementTake a look at your current Management structure as you have people in a leadership role that only know how to gossip behind closed doors and bring personal problems to work.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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3 people found this helpful  

Mediocrity is its Game Plan

Senior Executive (Former Employee)
Baltimore, MD (US)

I worked at T. Rowe Price full-time for more than 5 years

ProsGreat benefits. Easy access to offices. Really nice people.

Super stock program.

ConsSalaries oriented toward the middle of pay grades, except for the investment groups
Top-down, detail-oriented management destroys accountability and initiative in middle and upper management ranks
Everyone looking over their shoulder -- people just do their job because they value longevity over accomplishment.
Management says it cares about its people, but doesn't really support that notion through compensation or work environment -- at heart, this is a very cheap firm, if you're not a stockholder.

Advice to Senior ManagementWalk the talk

Yes, I would recommend this company to a friend

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Job was fast paced service environemtn

Anonymous Employee (Former Employee)

I worked at T. Rowe Price

ProsA common bond of misery with other reps

ConsBurn out atmosphere, pressure from front line supervisors

Advice to Senior ManagementScap eh matrix, it only gets in the way of good customer service

No, I would not recommend this company to a friend

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1 person found this helpful  

Great firm, questionable management.

Anonymous Employee (Former Employee)

I worked at T. Rowe Price full-time for less than a year

ProsGreat "brand name" company, excellent benefits. Walk into the Pratt Street office and you'll see the global headquarters of a very successful firm.

ConsManagement is all over the place. Some have been around a very long time and are not well-qualified. There is a mean-spirit to the place -- especially from the female managers. Not sure if it's because they have to be tough to survive, or have never been taught that basic manners and courtesy are appropriate for the workplace. T. Rowe's brand of "mean" can be in your face or very passive-aggressive.

Advice to Senior ManagementOffer sensitivity training, especially for women going into management positions. Consider anonymous 360-degree reviews so that employees have the opportunity to rate peers and supervisors.

No, I would not recommend this company to a friend

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