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At a Glance


"Highly ethical" culture


Mediocre salaries ("places greater weight on benefits than salary")

The Buzz

"Staying true to its roots"

"Second tier"

"Strong brand"

"Bunch of old guys investing"

About T. Rowe Price

The golden rule

Since its founding in 1937 by Thomas Rowe Price Jr., T. Rowe Price has risen to the top of the U.S. fund-manager ranks.  The firm offers a market-leading family of mutual funds, as well as asset management advisory and discount brokerage services for individual and institutional investors, retirement plans and financial intermediaries. Guiding its Baltimore-based operations is a senior management team that has been with the company for an average of 25 years and a portfolio management team that has, on average, 19 years of investment experience.  As of December 2008, these managers and advisers managed more than $276 billion in assets from offices in the U.S., as well as in Amsterdam, Buenos Aires, Copenhagen, Hong Kong, London, Luxembourg, Singapore, Stockholm, Sydney, Tokyo and Toronto.

According to the firm, its advisers apply a disciplined, risk-aware approach to investing, focusing on diversification, style consistency and fundamental research.  T. Rowe Price's more than 100 mutual funds and separate account strategies—which include money-markets, bonds, international securities, and small-, mid- and large-cap equities—are tailored to match investors' risk and taxation profiles.

When Price founded his investment firm more than 70 years ago, he already had more than a decade's worth of experience during the 1920s at Mackubin Goodrich & Co., a brokerage firm in Baltimore now called Legg Mason.  When the rest of Wall Street was reeling from short-term worries following the Depression, Price took a long-term approach, investing in companies during their growth stage.  This growth-stock style of investing—backed by a solid proprietary research tradition and risk-reducing diversification—paid off.  Today, T. Rowe Price Group is one of the largest and most successful investment management firms in the world.

Through the years, T. Rowe Price grew just like the companies it invested in and, as a result, underwent some major changes.  In 1966, its founder sold his stake in the firm for a relatively small sum—reportedly less than $800,000—on the condition that the company remain under the control of previously agreed-upon successors.  Twenty years later, the firm went public and now operates its investment advisory business through its subsidiaries, namely T. Rowe Price Associates and T. Rowe Price International.


New expansion plans

T. Rowe Price has always been a strong economic force for its hometown of Baltimore, but in October 2007, and it increased its good will by announcing plans to build a $185 million expansion in Owing Mills, Md.  The firm built two new offices spanning 38 acres with office space of 400,000 square feet, adding 1,400 new jobs to Baltimore County.  With the addition of the new offices, T. Rowe Price employs almost 4,000 people in the Baltimore area.  The offices are planned to open in mid-2009 and will be designed, operated and constructed according to nationally accepted environmental criterion.  Baltimore County Executive Jim Smith said that with the new addition, "T. Rowe Price is poised to take its place as Baltimore County's largest private employer."


T. Rowe Price

100 East Pratt St.
Baltimore, MD 21202
Phone: (410) 345-2000

Firm Stats

Employer Type: Public
Stock Symbol: TROW
Stock Exchange: NASDAQ
CEO & President: James Kennedy
2007 Employees (All Locations): 4,372