Senior Manager, Mergers & Acquisitions (M&A)

About the role

T. Rowe Price’s Corporate Strategy team is responsible for helping shape the firm’s long-term direction by identifying, evaluating, and advancing the strategic priorities that support sustained growth, profitability, and competitive differentiation. We are seeking a highly motivated Senior Manager, Mergers & Acquisitions (M&A) to play a key role in supporting the evaluation and execution of mergers and acquisitions, strategic investments, partnerships, and other growth opportunities across the firm.

Responsibilities

• Evaluate potential acquisitions, strategic partnerships, minority investments, and other strategic opportunities across asset management, wealth management, retirement services, financial technology, and adjacent sectors.
• Conduct industry, market, customer, competitor, and organizational positioning analyses to identify attractive areas for growth and inform strategic decision-making.
• Monitor the asset management and broader financial services landscape to maintain a pipeline of potential opportunities and emerging themes relevant to the firm’s strategic priorities.
• Assess strategic fit by analyzing business models, market positioning, capabilities, operating characteristics, and potential value creation opportunities.
• Support the development of strategic perspectives and recommendations by synthesizing qualitative and quantitative inputs into clear, decision-ready insights.
• Contribute to broader enterprise strategy work, including strategic planning, environmental scans, and evaluation of key business and market trends.
• Build and maintain detailed financial models, including Discounted Cash Flow (DCF) analyses, Comparable company valuation analyses, Precedent transaction analyses, Accretion/dilution models, and Synergy analyses.
• Analyze transaction economics, key value drivers, risks, and return scenarios to support investment and transaction recommendations.
• Evaluate financial performance, growth outlook, and operating assumptions of potential targets, partners, or investment opportunities.
• Develop analytical frameworks and decision-support materials that help leadership assess strategic options and tradeoffs.
• Prepare strategy committee materials, investment recommendations, and senior management presentations grounded in rigorous financial and strategic analysis.
• Support all phases of M&A and strategic transaction execution, from opportunity assessment and initial evaluation through diligence, negotiation support, signing, and closing.
• Coordinate due diligence efforts across internal stakeholders including Finance, Legal, Risk, Technology, HR, and relevant business units, as well as external advisors.
• Manage data rooms, diligence requests, workplans, and transaction workstreams to help ensure effective process management and timely execution.
• Track key issues, risks, dependencies, and decision points throughout the transaction lifecycle and escalate appropriately.
• Assist in integration planning, synergy identification, and post-close value capture tracking, in partnership with business and functional leaders.
• Develop high-quality presentations, briefing materials, and recommendations for senior executives, management committees, and the Board of Directors.
• Synthesize complex strategic, financial, and market analyses into concise, compelling, and actionable insights tailored to senior audiences.

Qualifications

• Bachelor’s degree or the equivalent combination of education and relevant experience
• 8+ years of total relevant work experience
• 3+ years of experience in one or more of the following: FIG Investment Banking, Corporate Strategy / Development, Transaction advisory, Management Consulting
• Preferred Experience focused on asset management or broader financial services, with strong understanding of industry dynamics, business models, and competitive trends
• Experience evaluating acquisitions, strategic investments, partnerships, and other corporate development opportunities across asset management and broader financial services
• Exposure to M&A transaction execution

Skills

This role requires a strong combination of strategic thinking, financial and valuation expertise, sound business judgment, and the ability to translate complex analyses into clear, actionable recommendations for senior leadership.

Benefits

• 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

Pay

Base Salary Ranges: $122,000.00 - $209,000.00 for the location of: Maryland, Colorado, Washington and remote workers, $135,000.00 - $230,000.00 for the location of: Washington, D.C., $153,000.00 - $261,000.00 for the location of: New York, California

Schedule

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