T Rowe Price Associate Analyst Program

Does anyone have information on T Rowe Price's Associate Analyst Program? Is it ER or something different?

Any ideas on responsibilities and culture would help my upcoming interview.

Thanks!

 
Samari Gold:
bump - any new info?

We do a lot of business with T. Rowe. They've got good analysts and the large cap team is excellent. What you need to know?

I hate victims who respect their executioners
 
BlackHat:
Samari Gold:
bump - any new info?

We do a lot of business with T. Rowe. They've got good analysts and the large cap team is excellent. What you need to know?

Thank you - I'm interested in if the Associate Analysts are in fact entry level / if they are mostly people who have just finished their two years in IBD as people mentioned above.

Also interested in compensation, career progression (can you "graduate" to the post-MBA position role that usually recruits out of top b-schools?), lifestyle / hours - really any information would be helpful.

 
Best Response
Samari Gold:
BlackHat:
Samari Gold:
bump - any new info?

We do a lot of business with T. Rowe. They've got good analysts and the large cap team is excellent. What you need to know?

Thank you - I'm interested in if the Associate Analysts are in fact entry level / if they are mostly people who have just finished their two years in IBD as people mentioned above.

Also interested in compensation, career progression (can you "graduate" to the post-MBA position role that usually recruits out of top b-schools?), lifestyle / hours - really any information would be helpful.

Yup. The Associate Analyst role is typically entry level, pre-MBA. Compensation is probably comparable with IBD on a salary basis, hours are better though (50-60, maybe a little higher during earnings) and bonus correspondingly lower like any other AM. I know T Rowe, like above poster said, is meritocratic and some guys there moved up through that Associate Analyst program without going to MBA. They are really big on the CFA, that much I know... not sure why but they stress the CFA a lot over there. You'll learn a lot there and I'm pretty sure placement/exit-opps is great too, probably on par with other top AM firms and best into equity HFs as you'd expect. Overall a great place as long as you're cool with Baltimore, and they are very laid back and a bunch of pretty normal dudes. Athletics are a big plus with them too, the guys I know are athletes, and the PMs I know are all Wharton MBA.

I hate victims who respect their executioners
 

I know some alumni from my school that work for T Rowe. They were hired straight from undergrad into the Equity Research Associate Analyst Program. One of them was just recently promoted to Equity Research Analyst and he only graduated in 2006 (granted he is a rockstar). I'm not sure about total compensation, but entry level salary is around street (~75-80k). I've heard that the culture is very meritocratic, so it is possible to move up the ladder without going back to b-school, but you definitely need to get CFA before you'll move very far.

 

these guys are sticklers about pay, think there is no reason for a kid under ~26/27 to be making much over 110/120

I'd look into the CFA during undergrad if you're really serious about it. They like it but only from a marketing POV. all the PMs think its bullshit but management pushes it on everyone (even Harvard MBAs hired as full Analysts that graduate without one)

make friends with your brokers, that is your best ticket out

Are you motivated out of a desire to succeed or a fear of failure?
 

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