At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi\-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.
We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.
Join us for the opportunity to grow and make a difference in ways that matter to you.
About the Team
Global Procurement consists of five teams, described below:
- Strategic Sourcing Teams (Corporate Services Sourcing and IT Strategic Sourcing): These teams create efficiencies by coordinating the purchase of similar goods and services from across the firm to limit proliferation of suppliers, ensure qualified suppliers, and maximize the firm’s buying power through category management and procurement relationship management.
- Engine Team: This team supports the completion of all types of lower risk contractual agreements with the objective of processing them in a fast\-track manner.
- Procurement Effectiveness and Operations: This team consists of multiple Procurement functions including:
- eProcurement Enablement: This team executes requisitions, purchase orders, invoice processing and handling of the myBuy process. In addition, many business process improvement initiatives and process change management are led by this team.
- Procurement Governance: This team sets procurement policy and procedure and governs to ensure compliance with these requirements.
- Data Analytics and Reporting: This team is responsible for data / spend analytics and firm\-wide Procurement reporting. This team also provides ownership and oversight of Procurement systems.
- Supplier Diversity and ESG: This team focuses on building an inclusive and responsible supply chain through procurement strategies that consider diverse and small business communities, enhancing our environmental and social sustainability commitments by contributing to the local economy, and ensuring our suppliers are aligned with our efforts to reduce the environmental impact of our operations.
- Procurement Effectiveness and Operations is also responsible for Procurement Finance, Budgeting and Planning efforts, as well as Procurement Communications.
- Supplier Management: Supplier Management performs technology and corporate risk assessments on potential suppliers prior to contract execution and ongoing risk monitoring after contract execution. This team also directly manages a portfolio of enterprise suppliers, facilitates oversight of several key suppliers, and provides tools, templates, training, and consultation for business unit personnel tasked with supplier management responsibility. The firm’s Outsourcing Oversight program also is coordinated out of Supplier Management.
- EMEA and APAC Procurement: Some, but not all, of the functions above are in region for the convenience of TRP offices in the EMEA and APAC regions.
- Conduct market research to identify potential use case scenarios for expanding current Procurement AI tools usage
- Leverage data visualization and aggregation to develop a dashboard that evaluates the efficiencies of AI tools
- Collaborate with Procurement peers to gather future reporting requirements
- Support Procurement data analyst in building, testing, and training peers when appropriate on reporting
- Gather, reconcile, and analyze data for transformation into reports
- Research data trends, industry trends and best practices in Procurement, contributing to the continuous improvement of the firm's Procurement processes and strategies.
- Support the Procurement team with providing validated reporting in the agreed upon timeframe and cadence
- Full\-time student pursuing a bachelor’s degree with an expected graduation date of December 2026 – May/June 2028
- Cumulative grade point average of at least 3\.2 on a 4\.0 scale
- Supply Chain Management, Operations Research, Business Administration, Industrial Engineering, or Finance majors preferred
- Solid technical skills (specifically Excel), detail\-oriented, analytical skills
- Strong communication skills (written and verbal), relationship building and consultative skills
- Ability to use data to drive decision\-making
- Creative problem solving; ability to think outside of the box
- Competitive compensation
- Annual bonus eligibility
- A generous retirement plan
- Hybrid work schedule
- Health and wellness benefits, including online therapy
- Paid time off for vacation, illness, medical appointments, and volunteering days
- Family care resources, including fertility and adoption benefits
Role Summary
The T. Rowe Price internship 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 and social events, and engagement with our Business Resource Groups.
Responsibilities
Qualifications
Required
Preferred:
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to one day per week from home.
Opportunities are available in Owings Mills, 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), TNvisaor any other non\-immigrant work status)*
Base Salary Ranges
Please review the job posting for the location of this specific opportunity.
$25\.00 per hour for the location of: Maryland, Colorado, Washington and remote workers
$25\.00 per hour for the location of: Washington, D.C.
$25\.00 per hour for the location of: New York, California
This job is eligible for overtime pay.
Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
Commitment to Diversity, Equity, and Inclusion
At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.
Benefits
We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work\-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life:
Learn more about our benefits.
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.