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Best places to work in money management

T. Rowe Price

T. Rowe employees participated in the Royal British Legion’s Pedal to Paris benefit a four-day ride from London to France’s capital city.

Fourth place, money managers with more than 1,000 employees

AUM: $971 billion

Employees: 6,000

Baltimore-based T. Rowe Price Associates (TROW) Inc. (TROW) takes pride in fostering an inclusive culture that also aims to support employee goals.

"We are committed to an inclusive working environment that emphasizes collaboration and respect," Bill Stromberg, CEO and president, said in an email. "We actively pursue diversity and try to empower each associate to achieve his or her professional goals.

"In the past year, we created more development opportunities for associates and leaders through the implementation of our integrated strategic plan, launched an enhanced diversity and inclusion strategy, increased workplace mobility and added benefit program options that respond directly to associate feedback," Mr. Stromberg wrote.

In response to employee requests, the company is adding a high-deductible health plan in 2018 and also "placing an increasing emphasis on pushing decision-making deeper into the organization," according to Deanna Fidler, chief human resources officer.

In written comments, employees also noted opportunities for advancement.

"The firm is invested in the success of its internal talent pool," one employee wrote about the two-time winner in Pensions & Investments' Best Places to Work in Money Management program. "Because of that, all associates have the opportunity to advance their careers and hold a variety of positions. In an ever changing industry there is plenty to challenge those that want to be challenged."

Added another employee: "I've worked here for nearly 20 years and the company has shifted to one that values the individual as an individual instead of a member of the task force. Early on you did sometimes feel like a number, but I feel they've done a good job understanding that an associate's work life must have balance with their personal life, and if you're in good standing, i.e. performing well, the company goes the extra mile to accommodate your needs."