<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva, formerly WebFilings-->
<!-- -->
<xsd:schema attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.troweprice.com/20150331" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:trow="http://www.troweprice.com/20150331" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <xsd:import namespace="http://fasb.org/us-gaap/2014-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-roles/2014-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2014/elts/us-roles-2014-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-types/2014-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2014/elts/us-types-2014-01-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/country/2013-01-31" schemaLocation="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/currency/2014-01-31" schemaLocation="http://xbrl.sec.gov/currency/2014/currency-2014-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2014-01-31" schemaLocation="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/exch/2014-01-31" schemaLocation="http://xbrl.sec.gov/exch/2014/exch-2014-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/naics/2011-01-31" schemaLocation="http://xbrl.sec.gov/naics/2011/naics-2011-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/stpr/2011-01-31" schemaLocation="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20150331_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20150331_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20150331_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="trow-20150331_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple" />
      <link:roleType id="CompanyAndBasisOfPreparation" roleURI="http://www.troweprice.com/role/CompanyAndBasisOfPreparation">
        <link:definition>2101100 - Disclosure - THE COMPANY AND BASIS OF PREPARATION.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DocumentAndEntityInformation" roleURI="http://www.troweprice.com/role/DocumentAndEntityInformation">
        <link:definition>0001000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShareCalculations" roleURI="http://www.troweprice.com/role/EarningsPerShareCalculations">
        <link:definition>2112100 - Disclosure - EARNINGS PER SHARE CALCULATIONS.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShareCalculationsDetail" roleURI="http://www.troweprice.com/role/EarningsPerShareCalculationsDetail">
        <link:definition>2412402 - Disclosure - EARNINGS PER SHARE CALCULATIONS. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EarningsPerShareCalculationsTables" roleURI="http://www.troweprice.com/role/EarningsPerShareCalculationsTables">
        <link:definition>2312301 - Disclosure - EARNINGS PER SHARE CALCULATIONS. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurements" roleURI="http://www.troweprice.com/role/FairValueMeasurements">
        <link:definition>2107100 - Disclosure - FAIR VALUE MEASUREMENTS.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurementsDetail" roleURI="http://www.troweprice.com/role/FairValueMeasurementsDetail">
        <link:definition>2407402 - Disclosure - FAIR VALUE MEASUREMENTS. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FairValueMeasurementsTables" roleURI="http://www.troweprice.com/role/FairValueMeasurementsTables">
        <link:definition>2307301 - Disclosure - FAIR VALUE MEASUREMENTS. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServices" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServices">
        <link:definition>2102100 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServicesInvestmentAdvisoryServicesDetail" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServicesInvestmentAdvisoryServicesDetail">
        <link:definition>2402403 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Investment Advisory Services) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServicesOtherFeesEarnedFromSponsoredUSMutualFundsDetail" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServicesOtherFeesEarnedFromSponsoredUSMutualFundsDetail">
        <link:definition>2402405 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Other Fees Earned from Sponsored U.S. Mutual Funds) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServicesReceivablesFromSponsoredMutualFundsDetail" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServicesReceivablesFromSponsoredMutualFundsDetail">
        <link:definition>2402402 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Receivables from Sponsored Mutual Funds) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServicesRevenuesAndServicesConcentrationDetail" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServicesRevenuesAndServicesConcentrationDetail">
        <link:definition>2402404 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Revenues and Services Concentration) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InformationAboutReceivablesRevenuesAndServicesTables" roleURI="http://www.troweprice.com/role/InformationAboutReceivablesRevenuesAndServicesTables">
        <link:definition>2302301 - Disclosure - INFORMATION ABOUT RECEIVABLES, REVENUES, AND SERVICES. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InvestmentsInSponsoredFundsAvailableForSale" roleURI="http://www.troweprice.com/role/InvestmentsInSponsoredFundsAvailableForSale">
        <link:definition>2103100 - Disclosure - INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InvestmentsInSponsoredFundsAvailableForSaleDetail" roleURI="http://www.troweprice.com/role/InvestmentsInSponsoredFundsAvailableForSaleDetail">
        <link:definition>2403402 - Disclosure - INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="InvestmentsInSponsoredFundsAvailableForSaleTables" roleURI="http://www.troweprice.com/role/InvestmentsInSponsoredFundsAvailableForSaleTables">
        <link:definition>2303301 - Disclosure - INVESTMENTS IN SPONSORED FUNDS - AVAILABLE-FOR-SALE. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncome" roleURI="http://www.troweprice.com/role/OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncome">
        <link:definition>2113100 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeAccumulatedOtherComprehensiveIncomeDetail" roleURI="http://www.troweprice.com/role/OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeAccumulatedOtherComprehensiveIncomeDetail">
        <link:definition>2413403 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Accumulated Other Comprehensive Income) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeDeferredTaxBenefitIncomeTaxDetail" roleURI="http://www.troweprice.com/role/OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeDeferredTaxBenefitIncomeTaxDetail">
        <link:definition>2413402 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Deferred Tax Benefit (Income Tax)) (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeReclassificationAdjustmentsDetails" roleURI="http://www.troweprice.com/role/OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeReclassificationAdjustmentsDetails">
        <link:definition>2413404 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassification Adjustments) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeTables" roleURI="http://www.troweprice.com/role/OtherComprehensiveIncomeAndAccumulatedOtherComprehensiveIncomeTables">
        <link:definition>2313301 - Disclosure - OTHER COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE INCOME. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestments" roleURI="http://www.troweprice.com/role/OtherInvestments">
        <link:definition>2106100 - Disclosure - OTHER INVESTMENTS.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsDetail" roleURI="http://www.troweprice.com/role/OtherInvestmentsDetail">
        <link:definition>2406402 - Disclosure - OTHER INVESTMENTS. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="OtherInvestmentsTables" roleURI="http://www.troweprice.com/role/OtherInvestmentsTables">
        <link:definition>2306301 - Disclosure - OTHER INVESTMENTS. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensation" roleURI="http://www.troweprice.com/role/StockBasedCompensation">
        <link:definition>2111100 - Disclosure - STOCK-BASED COMPENSATION.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensationDetail" roleURI="http://www.troweprice.com/role/StockBasedCompensationDetail">
        <link:definition>2411402 - Disclosure - STOCK-BASED COMPENSATION. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockBasedCompensationTables" roleURI="http://www.troweprice.com/role/StockBasedCompensationTables">
        <link:definition>2311301 - Disclosure - STOCK-BASED COMPENSATION. (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockholdersEquity" roleURI="http://www.troweprice.com/role/StockholdersEquity">
        <link:definition>2110100 - Disclosure - STOCKHOLDERS' EQUITY.</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="StockholdersEquityDetail" roleURI="http://www.troweprice.com/role/StockholdersEquityDetail">
        <link:definition>2410401 - Disclosure - STOCKHOLDERS' EQUITY. (Detail)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedBalanceSheets" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedBalanceSheets">
        <link:definition>1001000 - Statement - UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedBalanceSheetsParenthetical" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedBalanceSheetsParenthetical">
        <link:definition>1001501 - Statement - UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedStatementOfStockholdersEquity" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedStatementOfStockholdersEquity">
        <link:definition>1005000 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedStatementsOfCashFlows" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedStatementsOfCashFlows">
        <link:definition>1004000 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedStatementsOfComprehensiveIncome" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedStatementsOfComprehensiveIncome">
        <link:definition>1003000 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="UnauditedCondensedConsolidatedStatementsOfIncome" roleURI="http://www.troweprice.com/role/UnauditedCondensedConsolidatedStatementsOfIncome">
        <link:definition>1002000 - Statement - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:element abstract="true" id="trow_BondAndMoneyMarketMember" name="BondAndMoneyMarketMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_BondMoneyMarketAndStableValueMember" name="BondMoneyMarketAndStableValueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ComponentsOfAssetsUnderManagementTextBlock" name="ComponentsOfAssetsUnderManagementTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ComponentsOfInvestmentAdvisoryFeesTextBlock" name="ComponentsOfInvestmentAdvisoryFeesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ComponentsOfOtherFeesTableTextBlock" name="ComponentsOfOtherFeesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ComponentsOfOtherInvestmentsTextBlock" name="ComponentsOfOtherInvestmentsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_CostMethodInvesteeNameDomain" name="CostMethodInvesteeNameDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_CostMethodInvestmentOwnershipPercentage" name="CostMethodInvestmentOwnershipPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="trow_DaiwaSbInvestmentsLtdJapanMember" name="DaiwaSbInvestmentsLtdJapanMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_DeconsolidationValue" name="DeconsolidationValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_EmployeeStockBasedCompensationProgramsMember" name="EmployeeStockBasedCompensationProgramsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_GeographicConcentrationMember" name="GeographicConcentrationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_InformationAboutReceivablesRevenuesAndServicesAbstract" name="InformationAboutReceivablesRevenuesAndServicesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_InformationAboutReceivablesRevenuesAndServicesTextBlock" name="InformationAboutReceivablesRevenuesAndServicesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_InvestmentMandateAxis" name="InvestmentMandateAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_InvestmentMandateDomain" name="InvestmentMandateDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_NewHireMember" name="NewHireMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_NonEmployeeDirectorMember" name="NonEmployeeDirectorMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OrdinaryDividendMember" name="OrdinaryDividendMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OtherCostMethodInvestmentsMember" name="OtherCostMethodInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OtherEquityMethodInvestmentsMember" name="OtherEquityMethodInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OtherInvestmentsLineItems" name="OtherInvestmentsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OtherInvestmentsTable" name="OtherInvestmentsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_OtherInvestmentsTextBlock" name="OtherInvestmentsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_OtherPortfoliosMember" name="OtherPortfoliosMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_PerformanceBasedMember" name="PerformanceBasedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_PerformanceConditionsMetMember" name="PerformanceConditionsMetMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice" name="ProceedsFromStockOptionsExercisedNetOfPaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligationsAndStrikePrice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ProportionateShareOfAvailableForSaleSecuritiesHeldByEquityMethodInvesteeMember" name="ProportionateShareOfAvailableForSaleSecuritiesHeldByEquityMethodInvesteeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_RevenueAndServicesTable" name="RevenueAndServicesTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_RevenuesAndServicesAbstract" name="RevenuesAndServicesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_RevenuesAndServicesLineItems" name="RevenuesAndServicesLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfCostMethodInvestmentCostMethodInvesteeNameAxis" name="ScheduleOfCostMethodInvestmentCostMethodInvesteeNameAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfSecuritiesHeldAsTradingAxis" name="ScheduleOfSecuritiesHeldAsTradingAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfSecuritiesHeldAsTradingDomain" name="ScheduleOfSecuritiesHeldAsTradingDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceConditionStatusAxis" name="ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceConditionStatusAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceConditionStatusDomain" name="ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceConditionStatusDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardProgramAxis" name="ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardProgramAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardProgramDomain" name="ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardProgramDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_SecuritiesHeldByConsolidatedSponsoredMutualFundsMember" name="SecuritiesHeldByConsolidatedSponsoredMutualFundsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_SemiannualMember" name="SemiannualMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalOptionsOutstanding" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalOptionsOutstanding" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="trow_ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedBetweenSecondCalendarYearAndVestDate" name="ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedBetweenSecondCalendarYearAndVestDate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="trow_ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextCalendarYear" name="ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextCalendarYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="trow_ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextQuarter" name="ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedNextQuarter" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="trow_ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedSecondQuarter" name="ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedSecondQuarter" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="trow_ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedThirdQuarter" name="ShareBasedCompensationNonvestedAwardsCompensationCostToBeRecognizedThirdQuarter" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="trow_SpecialDividendMember" name="SpecialDividendMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_SponsoredMutualFundInvestmentsMember" name="SponsoredMutualFundInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_SponsoredMutualFundsInUSMember" name="SponsoredMutualFundsInUSMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_SponsoredfundequitymethodinvestmentsMember" name="SponsoredfundequitymethodinvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_StockAndBlendedAssetMember" name="StockAndBlendedAssetMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_StockIssuedDuringPeriodStockOptionsExercisedNetOfSharesForTaxWithholdingStrikePrice" name="StockIssuedDuringPeriodStockOptionsExercisedNetOfSharesForTaxWithholdingStrikePrice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="trow_StockIssuedDuringPeriodValueStockOptionsExercisedNetofTaxWithholdingsStrikePrice" name="StockIssuedDuringPeriodValueStockOptionsExercisedNetofTaxWithholdingsStrikePrice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_StockholdersEquityNoteLineItems" name="StockholdersEquityNoteLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_StockholdersEquityNoteTable" name="StockholdersEquityNoteTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_TimeBasedMember" name="TimeBasedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="trow_UtiAssetManagementCompanyIndiaMember" name="UtiAssetManagementCompanyIndiaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
</xsd:schema>
