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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.

Fixed Income Part-Time Academic Year Internship

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.

We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job. If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

The T. Rowe Price Fixed Income Undergraduate Internship offers an opportunity to gain valuable work experience while building a foundation in credit research and investing. The internship runs from early October through March and is primarily virtual with 2-3 days in-person in our Baltimore offices over the course of the internship. This is internship is part-time (10 hours per week) and the position is paid.

Interns rotate through four asset class teams to learn and gain exposure in the following areas:

• Foundational skills for credit research, including:

• Industry analysis

• Financial analysis and key credit metrics

• Three-statement financial modeling

• Evaluating management and strategy

• Relative value analysis

• Spend time learning from our Analysts, Traders, and Portfolio Managers

• Receive support and mentorship from our Fixed Income Associate Analyst team

• Complete several group and independent projects, including a capstone credit pitch

Required qualifications

• Minimum sophomore status in college (in Fall 2024) with a 3.25 GPA or higher

• Strong academic background and intellectual curiosity

• Highly motivated, self-starter with ability to work independently and with others

• Strong communication skills (verbal and written)

• Strong interest in the markets and investing preferred

Opportunities are available in Baltimore, MD.

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) .

Work Flexibility

This role is eligible for full time remote work.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Base salary range:

$90,000 annualized rate

This job posting is expected to be available until 10/1/2024

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.

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.

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

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