Investment Fellowship Program – 2 years Fixed Term Contract (Rotation Program) in London

Join us for the opportunity to grow and make a difference in ways that matter to you.

About T. Rowe Price

For over 80 years, T. Rowe Price has shaped the investment management industry by delivering world-class service and guidance to individuals and institutions globally. Our shared values support a dynamic workplace that cultivates high achievement and diversity. Built on a tradition of integrity, we are committed to our clients and employees, with an unwavering focus on sustained growth and success.

Role Summary

T. Rowe Price’s Investment Fellowship Program offers university undergraduate and graduate students within mathematics, engineering, and the sciences a challenging quantitative opportunity to thrive in the financial industry, which is increasingly quantitative and data-driven. Fellows will receive training, mentoring, and hands-on experience in investment tasks such as quantitative research and analysis, trading research, and investment decision support. The program features rotations approximately every 6 months for up to 2 years across key departments:

• Trading / Portfolio Modeling (Equity and Fixed Income)
• Quantitative Research – Equity, Fixed Income, Multi Asset
• Enterprise Risk
• Distribution Channels

You will leverage your analytical and quantitative skills, working on projects and assignments across various business units, and develop knowledge and skills in:

• Portfolio Modeling
• Quantitative Portfolio Analysis / Portfolio Attribution / Portfolio Construction
• Multi Asset Research
• Quantitative Analysis / Research and Trading Research
• Transaction Cost Analysis
• Enterprise and Portfolio Risk Analysis
• Competitive Analysis and Market Intelligence
• Predictive Analytics

Responsibilities

Responsibilities will vary based on rotational placement but may include:

• Determining the value of a security by examining its numerical, measurable characteristics, such as revenues, earnings, margins, and market share
• Searching for exploitable patterns in data to reinforce or alter portfolio managers’ behaviour and avoid unintended consequences
• Evaluating derivatives as risk-adjusted return enhancement strategies for portfolios
• Assessing portfolio structure to manage risks of style drift
• Analysing transaction costs and trade execution performance
• Measuring and optimising broker and algorithm performance, and evaluating trading strategies
• Assessing derivative exposure in portfolios, liquidity analysis on balance sheets, redemption analysis studies, and competitor analysis research
• Analysing exposure to risk and determining how best to handle such exposure
• Dividing investments among different asset classes (e.g., stocks, bonds, real estate, cash) to optimise risk/reward trade-offs based on an individual’s or institution’s goals
• Analysing data gathered and used by a company to learn about its competition in a given market

Required Qualifications

• Recent graduate or full-time student with an expected graduation date of December 2025 – May/June 2026 and a minimum 2.1 grade achieved at university
• Strong preference for STEM subjects including Engineering, Applied Mathematics, Computer Science and/or Physics, or similar Analytical degrees
• Knowledge of investments, portfolios, and stock trading strongly preferred.
• Strong analytical skills and the ability to solve problems while showing intellectual curiosity.
• Savvy usage of technology and a data driven mindset.
• Coding skills with R and/or Python and knowledge of AI are strongly preferred.
• Ability to process a variety of information and quickly draw relevant conclusions and summarise results

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Eligibility Requirement

Applicants must have current UK Right to Work status. Visa sponsorship is not offered for this role.

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.

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, colour, 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.

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.