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.

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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
12 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Total compensation is competitive, new hires are eager to jump in, and it seems like a company strategy is finally coming together. Things continue to move slowly though because projects from the loudest voice or most tenured associates tend to get prioritized and throw off critical investments into fixing data, process, and tech debt issues to mature our ability to market like it’s 2026 instead of 2016.

Cons

Too many bottlenecks to execution; If you’re seeking to make a meaningful impact, don’t expect it fast. Expect to navigate uncertainty while the company claims to help clients do this for their portfolios instead of helping associates to help clients — This is branded fluff for leadership without clear direction, driving teams to waste too much time and energy in meetings and boring demo decks every month to make being busy look like value by being the loudest voice, which is what you’ll notice many of the most tenured associates do best. Slides might look pretty but AI doesn’t make sense of this noise and clients don’t benefit from all the hours spent in PowerPoint. Unclear ownership leads to internal redundancies or team friction, on top of the inconsistent documentation and fragmented data siloes that are ironically impeding readiness for AI mandates coming from the CEO.

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