T. Rowe Price

www.troweprice.com

T. Rowe Price Reviews

Updated 28 January 2015
Updated 28 January 2015
299 Reviews
3.6
299 Reviews
Rating Trends

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

Review Highlights

Pros
  • The company offers great work life balance, benefits, stock purchasing, etc (in 25 reviews)

  • Great benefits and comfortable work environment (in 38 reviews)


Cons
  • headset policy is cumbersome, even for a call center) (in 15 reviews)

  • Impact to ability to have appropriate work life balance (in 6 reviews)

More Highlights

Employee Reviews

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  1.  

    Investment Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Counselor in Tampa, FL (US)
    Former Employee - Investment Counselor in Tampa, FL (US)

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

    Pros

    Great place to learn the business and get your licenses (especially because they will pay you and allow you to study at work!). Great people, I'll miss that the most. It's a very laid back atmosphere and as long as you are breathing, can answer a phone, and you don't step on toes, you have a very secure job. The benefits are great.

    Cons

    There is little to zero growth available in the Tampa office, unless your ambitions include supervising a call center. I'm fairy certain the sole purpose of the Tampa office is a backup facility. It snows in CO and MD, shocking right?! Well, employees in those locations are let go early on heavy snow days every year and Tampa is there to hold it up. They allow a lot of great talent to walk out the door, and the worst part is I really don't think they care. The Tampa office hires mostly recent college graduates, so the inexperience in most departments is very high. Many individuals get their licenses and leave. There are actually 2 major companies in the city that offer virtually the same position with about 10% higher pay. Those that stay get hooked on the additional vacation hours they give you. Once you get to the 10 yr mark, you're a LIFER, there's no going back to 2 weeks vacation when you can get 20 vacation days. Just answer/dial the phone as much as you can and try not to laugh when they have annual meetings about trying to be about quality over quantity and then preach the exact opposite every other day that someone from Baltimore isn't in town.

    Advice to ManagementAdvice

    You'll quickly learn as an employee in the Tampa office for T. Rowe Price, "Advice to Management" is a waste of everyone's time. It allows them to check off a box of a survey they sent out, then they just do whatever the next man higher up wants them to do.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good company, good perks; pay notsomuch.

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

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

    Pros

    Great people to work with in the trenches-always will to do what it takes to get the job done. Culture of the company represents a youthful attitude with the old ideals that the company was founded on.

    Cons

    The efforts are not always rewarded, citing that the pay grade is comparable with what's out there. Pay was not worth my long-term employment there, hoping that management would make good on their promise to level the pay scale.

    Advice to ManagementAdvice

    Share the wealth. My department was just starting a life balance approach but, the hurdles of the security associated with a financial firm were difficult to overcome.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Great Company; collaborative working environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Baltimore, MD (US)
    Former Employee - Analyst in Baltimore, MD (US)

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

    Pros

    Collaborative working environment; family friendly, and very livable city to work at in Baltimore. Overall stability of the firm is a major plus, very little volatility, senior level transitions are handled in a thoughtful way, and are telegraphed.

    Cons

    Depending on the group, promotion potential can be limited. Some parts of the organization can be very flat, so unless your boss leaves, you could be stuck in the same place for 5-10 years.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Average pay, above average experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Special Correspondence Representative in Owings Mills, MD (US)
    Former Employee - Special Correspondence Representative in Owings Mills, MD (US)

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

    Pros

    Generous stock option and plentiful vacation days (if employed for sufficient time)

    Cons

    Woeful pay scale; college atmosphere for lower level employees.

    Advice to ManagementAdvice

    Compensate the associates on the front line better.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Portfolio Accounting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at T. Rowe Price

    Pros

    Great place to start your career. Plenty of opportunity to grow. Good benefits.

    Cons

    Starting salary is low but benefits are good and salary increases quickly

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    T Rowe Price

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant in Baltimore, MD (US)
    Current Employee - Administrative Assistant in Baltimore, MD (US)

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

    Pros

    Voted "Most Admired Company" 3 years in a row. Also voted Best Place to Work.

    Cons

    As of yet, I have not identified a negative aspect of this company. I believe it is a great company focused on clients.

    Recommends
    Positive Outlook
  8.  

    Great company, excellent benefits, good pay, but limited career advancement opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Operations Associate in Tampa, FL (US)
    Current Employee - Investment Operations Associate in Tampa, FL (US)

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

    Pros

    Great conservative company; excellent upper management; generous benefits with 401(k) and good pay. If you are willing to relocate to Maryland, then plenty of advancement opportunities. If not, then very limited. Good corporate culture and just an overall good company to work for.

    Cons

    Willingness to expand jobs in a regional office. Mandatory overtime can be heavy in the "client-facing" departments during certain times of the year and can wear you out.

    Advice to ManagementAdvice

    Keep doing what they are doing from a firm presepective.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Personal Services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Colorado Springs, CO (US)
    Current Employee - Financial Advisor in Colorado Springs, CO (US)

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

    Pros

    Good benefits and pleasent work atmosphere.

    Cons

    Lower pay (10% lower than other local firms).

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Practice what you preach

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Owings Mills, MD (US)
    Current Employee - Manager in Owings Mills, MD (US)

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

    Pros

    Training, campus, pay for licensing, 401k

    Cons

    Pay is extremely low. Associates basically need to live with their parents and managers need a second job to support their families. It is sad. It wouldn't be so bad but you were not expected to work way beyond 40 hours and of course every holiday and weekends. That way you could get another job. Expect your children will be the first in daycare and last picked up and count on paying late fees for keeping them there after close.

    Promotions in some areas only happen within certain groups- basically if you don't go to happy hours you don't have a chance. Talent management is not valued or rewarded. It is about who you know.

    Advice to ManagementAdvice

    Take a closer look at your senior leaders. Pay people so they can live comfortably. It's not Colorado or Tampa- our salaries are hard to survive on in Md. Promote those who have a proven record of developing others, not those you go to happy hour with and hang out with after work.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  11.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern
    Current Employee - Intern

    I have been working at T. Rowe Price as an intern

    Pros

    Great place to build interpersonal skills and networks. People are fun and nice.

    Cons

    Gopher work at most. The department was not prepared nor were they organized with their internship program. Very dull work really.

    Recommends
    Positive Outlook
    Approves of CEO

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