2024 ALPFA National Convention (Student Attendees Only) - Summer 2025 Internship Program at T. Rowe Price in Owings Mills, Maryland

Job Description:

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

Please note: For selected candidates, interviews will be conducted on-site at the 2024 ALPFA National Convention. Zoom interviews will not be accommodated.

For 80 years, T. Rowe Price has changed the investment management industry by delivering world-class service and guidance to individuals and institutions around the globe.  Our shared values enable us to create a dynamic workplace that cultivates high achievement from diverse professionals in a variety of disciplines.  Built on a tradition of integrity, we are committed to our clients and employees and focused on sustained growth and success. 

The T. Rowe Price 10-week Summer Internship Program offers an opportunity to gain valuable work experience while building skills and long-term career potential. Through teamwork, innovative thinking, and application of your skills, you can add value in various ways to our firm and the clients we support. You will have the opportunity to work with practitioners in the field who are forward-thinking, passionate people that will help you integrate what you learn in school with “real world” business initiatives. 

The program includes a formal orientation, peer and senior mentor assignments, and formal learning opportunities.  In addition to the work assignments within the assigned department, Interns also gain exposure to Associates and senior leaders across the firm through an executive speaker series, networking activities, and engagement with our Business Resource Groups.   

2025 FINANCIAL PLANNING & ANALYSIS INTERNSHIP PROGRAM

The Financial Planning & Analysis provides financial reporting, planning, and forecasting to various business units in T. Rowe Price.  Through financial analytics, the team identifies and communicates areas of financial risk and/or opportunity. These activities support the strategic decision making of senior management regarding future expenditures and other operating decisions as appropriate. 

Responsibilities may include: 

• Analyze, forecast, and develop reports of financial and non-financial trends 

• Support the corporation’s internal end-to-end accounting processes and research required to transform data into information for reporting purposes 

• Prepare external reports for shareholders and regulatory authorities including researching monthly variances, updating financial review presentations, and providing commentary to management 

• Conduct historical analyses to support end-to-end processes within Finance, which may include the support for the period close. 

• Targeting Finance, Accounting, Economics or Business Administration majors.  

Required Qualifications 

• Full time student pursuing a bachelor’s degree with an expected graduation date of December 2025 – May/June 2026. 

• Finance, Accounting, Economics or Business Administration majors preferred  

• Cumulative grade point average of at least 3.2 on a 4.0 scale 

Opportunities are available in Owings Mills, MD.   

2025 INVESTMENT OPERATIONS INTERNSHIP PROGRAM

Global Investment Operations (GIO) is a centralized team responsible for enabling T. Rowe Price’s business to operate effectively and efficiently, expand use of asset classes and strategies, and deliver an exceptional client experience through continuous evolution and modernization of both operations and technology. Our goal is to provide differentiated client service and ensure operational functions are aligned to be performed at a consistently high quality across global markets.   

The Global Investment Operations includes placement into Middle Office and Investment Liaisons, Performance and Analysis, Investment Compliance, Fund Administration and Tax Operations, and Fund Accounting 

Responsibilities may include: 

• Perform business analysis and project management activities, interpreting large and complex data sets via data collection, querying, and analysis 

• Help to facilitate creation of workflows and flowcharts for defining business processes and identifying process improvement opportunities 

• Identify and communicate process and data trends to management  

• Utilize data visualization tools and programming languages (including VBA) to increase automation, improve efficiency and reduce risk 

• Participate in testing of system enhancements 

• Assist team members by assuming ownership for daily processes, leveraging multiple systems and communicating updates to critical stakeholders 

Required Qualifications 

• Full time student pursuing a bachelor’s degree with an expected graduation date of December 2025 – May/June 2027. 

• Cumulative grade point average of at least 3.0 on a 4.0 scale 

• Open to all majors  

Opportunities are available in Owings Mills and Baltimore, MD.   

2025 FUND ACCOUNTING INTERNSHIP PROGRAM

Fund Administration and Accounting is a centralized team within Global Investment Operations that establishes accounting and financial reporting policy in accordance with applicable regulations, accounting guidance (e.g., GAAP, IFRS), product requirements, and company policies for global T. Rowe Price-sponsored products. As a team, we perform, process, manage, or analyze financial transactions and information to ensure that accounting ledgers, financial statements, regulatory filings, and other reports of financial information are complete, timely, and accurate.    

Responsibilities may include:  

• Perform basic oversight activities for assigned accounting and/ or financial reporting process(es), to evaluate accuracy and completeness of data and deliverables from third-party service providers.   

• Conduct activities to identify errors or exceptions exceeding specified tolerances; researches potential resolutions and addresses issues with service providers.   

• Apply knowledge of internal controls, T. Rowe Price accounting and reporting policies, relevant guidance and service standards.  

• Perform business analysis and project management activities.  

• Identify and communicate process and data trends to management.  

• Assist team members by assuming ownership for daily processes, leveraging multiple systems and communicating updates to critical stakeholders.  

 Required Qualifications  

• Full time student pursuing a bachelor’s degree with an expected graduation date of December 2025 – May/June 2027.  

• Cumulative grade point average of at least 3.0 on a 4.0 scale  

• Targeting Accounting majors or related field   

Opportunities are available in Owings Mills, MD.    

2025 CONTROLLERS AND GLOBAL TAX GROUP INTERNSHIP PROGRAM

The Controllers function prepares, processes, and analyzes financial transactions and information to ensure that the accounting ledgers, financial statements, and other financial reporting of T. Rowe Price Group and its subsidiaries are complete, accurate, and in compliance with applicable regulations, accounting and reporting standards, and firm policies.  

Global Tax provides tax planning, compliance, and risk management for our firm and as well as planning and policy support for our investment and distribution functions.  Our purpose is not only to ensure accurate and timely delivery of tax information, provisions, and returns, but to identify areas of opportunity, to minimize tax drag to investors, and to rigorously evaluate the firm’s tax positions so that we minimize risk to our firm, our products, and our shareholders. The department provides services to our stakeholders through four main functions: Federal and International Tax, State & Local Tax, Tax Advisory, and Executive Compensation & Global Mobility.  

Responsibilities may include: 

• Support the corporation’s internal end-to-end accounting processes and research required to transform data into information for reporting purposes 

• Analyze, forecast, and develop reports of financial and non-financial trends 

• Gather, reconcile, and analyze data to complete journal entries and perform reconciliations of general ledger accounts 

• Subledger transaction recording and reconciliation 

• Assist with assignments across lines of business, legal entities, and geographies that have an impact on internal/external reporting, accounting policies, and accounting processes.  

• Conduct historical analyses to support end-to-end processes within Finance, which may include the support for the period close 

• Prepare external reports for shareholders and regulatory authorities including researching monthly variances, updating financial review presentations, and providing commentary to management 

• Contributing to the implementation of new or revised reporting, accounting, and accounting process policies, procedures, and reporting templates 

• Participate in the design, testing, implementation, and evaluation of automated and manual financial accounting system enhancements 

• Assisting with the preparation of tax schedules required for federal, state, and international tax. 

• Complete and review tax returns and forms. 

• Organize and analyze financial data used in the preparation 

Required Qualifications 

• Full time student pursuing a bachelor’s degree with an expected graduation date of December 2025 – May/June 2026. 

• Cumulative grade point average of at least 3.2 on a 4.0 scale 

• Accounting majors preferred 

Opportunities available in Owings Mills, MD.   

For all positions—applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status) 

FINRA Requirements

FINRA licenses will not be required and will not be supported for any of these roles.

Work Flexibility

This role is eligible for remote work up to two days a week

WHAT TO EXPECT AFTER APPLYING 

1. You will receive an email and text message to answer a few questions to verify your eligibility. If you apply for multiple jobs, you will receive separate invitations for each role and will need to respond to each. Estimated Time Commitment: 3-5 minutes 

2. If you are eligible, you will be asked to complete an online assessment and record video responses to introductory questions with our vendor partner, HireVue. Take time to read all instructions carefully before responding. Some questions may require you to respond within a set time limit, or with limited retakes. You can use this opportunity to tell us more about your background and interest than we can learn from a resume alone. Estimated Time Commitment: 45 minutes 

3. A member of our recruiting team will personally review your responses and follow up if you are selected for an interview. 

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

• Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions


• Flexible and remote work opportunities


• Health care benefits (medical, dental, vision)


• Tuition assistance


• Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.