Mgt. & HR talk a good game - Anonymous T. Rowe Price Employee Review

3.0
4 Apr 2024
Recommend
CEO approval
Business outlook

Pros

Collegial enough place to work. Some really nice people.

Cons

Top-heavy pay structure. While the most any employee is eligible to receive in base salary is $350,000/year, upper VP+-level employees receive bonuses far exceeding the 'average' employee's year-end bonus, as a percentage of compensation. Also, some VP+-level employees are eligible to receive stock compensation and other executive compensation, which further increases their salaries. (For example, search "t. rowe price" "rob sharps" and salary on Google.) Additionally, poor performance in 2022 and 2023 forced at least 2 mass layoffs.

avatar
T. Rowe Price Response
2y
Thank you for sharing your feedback with us. Our philosophy is to provide associates with financial compensation, benefits, recognition, and other programs to enable associates to make an impact, develop, and have a sense of financial security and protection. We strive to ensure that all of our associates are compensated fairly and equitably at the time they join and throughout their careers at the firm. An associate’s base pay reflects their job scope, qualifications, impact on the company, performance over time, as well as internal and external equity. We offer bonuses to drive achievement of individual and organizational goals. The amount of funding available for annual bonuses is based on the company’s overall performance. In any given year, an associate’s bonus target may fluctuate based on firm and business unit performance. The actual bonus payout an individual may receive is a function of organizational, business unit, and individual performance for that calendar year.

Explore other reviews about T. Rowe Price

5.0
4 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Workflow was consistent. Never a lull in the day.

Cons

A lot of overtime, but it was paid.

3.0
4 Jul 2026
Anonymous contractor
Recommend
CEO approval
Business outlook

Pros

Working with highly talented group of people. The company's name has a lot of weight and looks good on your resume. It's a very diverse company.

Cons

Contractor beware. I was brought on as a contract-to-hire. Three months in T. Rowe announced they were freezing hiring, but they extended my contract regardless. A year later they announced they weren't extending contractors except in extraordinary circumstances. When I started I was the the third contractor on my team and when I left my team had no contractors left. So whatever they promise you to get in the door, take with a grain of salt. Also be forewarned: contractors will be furloughed over the Winter holidays, that's three weeks of pay you'll lose. I've contracted elsewhere in my career and T Rowe stands out for how contractors are second class employees. Besides furloughs you won't be able to attend many meetings or get training. Meanwhile you'll have to adhere to the same strict scrutiny as a regular employee: the company will monitor your stock transactions and prevent you from participating in all sorts of outside activities.

See reviews by: Helpful|Rating|Date|All