Associate Analyst – U.S. Economics at T. Rowe Price in Baltimore, Maryland

Job Description:

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. 

Role Summary

• 3–5-year structured program offering extensive training and mentoring, designed to develop future investment analysts 


• Daily opportunity to learn directly from our senior investment professionals 


• Expectation to provide insight and impact the investment process 


• Strong support for pursuing the CFA designation or other professional qualifications


• Competitive compensation with significant upside potential for high performers 


• Exceptional performers have the potential to be promoted within the Global Economics Team

 

Responsibilities

• Help build economic models/frameworks to inform the investment process of the Fixed Income platform. Projects would include but not be limited to creating in-house financial conditions measures and evaluating their effect on various economic indicators, build inflation and labor market forecasting capabilities, and analyze US private consumption trends. 


• Help build a framework for analyzing and modeling market indicators such as treasury yields and the US dollar. Analyze the interaction between economic variables and market measures of interest rates. 


• Explore alternative and high frequency data sources for various economic indicators as needed. Build dashboards to present and summarize data/model results to internal stakeholders. 


• Understand the depth and breadth of available US data through platforms such as Macrobond, Fred and Bloomberg in order to perform projects independently. 


• Work on add-hock requests and data analysis to support client interactions and internal stakeholders e.g. Portfolio managers, CIOs and portfolio specialists. Ad-hoc requests would include preparing scenario analysis for various economic projects, building presentations etc. 

 

Areas for Growth and Expansion of Responsibilities 

• Writing short commentary on data developments for distribution to internal stakeholders 


• Publishing analytical reports and presenting research conclusions in internal meetings.  


• Over time take over coverage of the Canadian economy 

 

Qualifications  

Required: 

• Bachelor’s Degree required with a strong academic background AND  


• 1-2 years relevant work experience 


• Experience in cross section and time series econometric analysis, strong coding skills in R and/or Python, Excel, Powerpoint etc. Familiarity with databases such as MacroBond, Bloomberg and Fred 

 

Preferred: 

• Strong academic background and intellectual curiosity 


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


• Background and/or strong interest in economics preferred 


• Interest in economics and fixed income investing 


• Effective communication skills (verbal and written) 


• Intellectual curiosity and demonstrated ability to conduct in-depth thematic research across a broad spectrum of topics which can be additive to the investment process 


• Demonstrated ability to derive meaningful insights from in-depth research and analysis 


• Progress toward CFA designation is a plus 

FINRA Requirements

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

Work Flexibility

This role is based in Baltimore, MD and is eligible for hybrid work, with up to one day per week from home.

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).

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$110,000.00-$140,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$110,000.00-$140,000.00 for the location of: Washington, D.C.
$110,000.00-$140,000.00 for the location of: New York, California

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:   

• 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  

  

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.

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