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2025 Procurement Spring/Summer 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.

The T. Rowe Price 10-week Spring Internship Program, with potential of continuation through Summer, offers an opportunity to gain valuable work experience while building skills and long-term career potential. Through teamwork, innovative thinking, and application of skills, you can add value in various ways to our firm and the clients we support. You will have the opportunity to work with practitioners in the field who are forward-thinking, passionate people that will help you integrate what you learn in school with "real world" business initiatives.

The 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 activities, and engagement with our Business Resource Groups.

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.

Core responsibilities may include:

• 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

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

Required Qualifications:

• Full-time student pursuing a bachelor's degree with an expected graduation date of
  December 2025 - May/June 2026

• 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

Opportunities are available in Owings Mills, MD.

Work Flexibility

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)