Teacher Retirement System of Texas

  www.trs.state.tx.us
  www.trs.state.tx.us
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Teacher Retirement System of Texas Reviews

Updated May 15, 2014
Updated May 15, 2014
8 Reviews
3.2
8 Reviews
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Recommend to a friend
Approve of CEO
Teacher Retirement System of Texas CIO Thomas Britton "Britt" Harris IV
Thomas Britton "Britt" Harris IV
0 Ratings

Employee Reviews

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  1.  

    Strong State Employer but public

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Portfolio Manager  in  Austin, TX
    Former Employee - Portfolio Manager in Austin, TX

    I worked at Teacher Retirement System of Texas full-time for more than 5 years

    Pros

    Full attention of Wall Street, large assets, nice offices, great systems, solid performance, bonus system, great place to train yourself

    Cons

    Mother May I attitude to investing, blame goes only down-hill, rigid senior management needs constant verbal support, politics more important than performance, performance guidelines very subjective effecting bonus, longevity key to promotions

    Advice to ManagementAdvice

    Consider taking a good small firm in-house to reduce fees. Reduce fees for beta. "Shadow" a group for a month to see if management is harnessing all the available talent.

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    Investment Management Division Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at Teacher Retirement System of Texas full-time for more than 3 years

    Pros

    Good work life balance. They offer opportunities through continuing education, workshops, lunch and learns that are interesting and can expand your skill set and appeal to your interests. Some great co-workers and a chance to learn a lot. If you have an interest in another department, they will consider transferring you. If you're offered an actual position, you have real job security. There are some really talented and impressive people that you can work alongside.

    Cons

    A lot of red tape. A meeting held every 2.5 minutes. Weird policy with contract employees--some people work there for years as a contractor and others are offered actual employment within months and it varies without explanation.

    Travel process is asinine and inefficient.

    There are a few people working there with limited education and a malicious attitudes, but they run the show because they've worked there so long. Certain management trolls around the office looking over people's shoulders (literally) almost everyday. It's unsettling.

    Career advancement is not always an option. Employees with the exact same experience, education, and work ethic are passed over for promotions or official employment offers because there is so much favoritism and preferential treatment for other employees.

    They talk about the importance of candor, but (again) it is really only acceptable when coming from senior management.

    Advice to ManagementAdvice

    Stop forcing it down everyone's throat that it's a great place to work and pay attention to what is making it less than a great place to work. It really could be an outstanding place of employment, but there are a few bad apples spoiling the bunch. Reward hard work and stop promoting climbers who stand on the shoulders of the hard workers.

    Recommends
    No opinion of CEO
  3.  

    Good experience working as a contractor at this agency.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Teacher Retirement System of Texas as a contractor for more than a year

    Pros

    Good organization to work for. Good management team. Nice parking facility. Nice cafeteria as well. Great location near downtown Austin.

    Cons

    I have nothing bad to say about agency. Its a state agency. It reflects who is in the governor's mansion. So a lot of state government beau racy.

    Neutral Outlook
    No opinion of CEO
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  5.  

    Limited room for career advancement or salary upside.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Investment Manager  in  Austin, TX
    Current Employee - Senior Investment Manager in Austin, TX

    I have been working at Teacher Retirement System of Texas full-time for more than 8 years

    Pros

    good work life balance which is encouraged from the top. Generally friendly people as your co-workers. Defined benefit pension is worth more than most people value.

    Cons

    Limited room for career growth as folks at the top have very cushy jobs/salaries causing much dead weight. Advancement is not based on merit but other factors. Lots of bureaucracy and favoritism.

    Advice to ManagementAdvice

    Take a hard look at the upper to middle management and see just what value add is received for the high salary being paid out. Create better career growth.

    Doesn't Recommend
    Neutral Outlook
  6.  

    Pretty good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at Teacher Retirement System of Texas

    Pros

    People are nice to work with.

    Cons

    typical state gov. mentality sometimes, weird policies.

    No opinion of CEO
  7. 1 person found this helpful  

    Wokring here is like running for office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Portfolio Manager  in  Austin, TX
    Current Employee - Portfolio Manager in Austin, TX

    I have been working at Teacher Retirement System of Texas

    Pros

    - Good compensation in light of current job market
    - Nice offices for investment division
    - Some competent people if you choose carefully
    - Positive press means reputation is useful when seeking other jobs

    Cons

    - Senior management team is below average technical and management skills
    -- CIO fired from last job (Bridgewater) afer 6 months
    -- CIO's direct reports at current and previous employeers very critical of his management style and technical abilities
    -- CIO had one of the firm's worst performance reviews (public record).
    -- Staff required to "babysit" CIO's son during his "intership" at TRS.
    - Promotions based on political skills and willness to "look the other way."
    - High turn-over of qualified / marketable staff
    -- Deputy CIO (Founded outsourced investment management firm)
    -- Director of Alternative Assets (Left to run a university endowment)
    -- Director of Externally-Managed Public Investments (Now deputy CIO at another firm)
    -- Director of Internally-Managed Public Investments (Now CIO at another firm)
    - Political pressure to do deals with friends of CIO and Board of Trustees.
    - Anyone looking for a job here should ask about the organizational consultant that worked with TRS

    Advice to ManagementAdvice

    - Senior management should "Man up" and support staff's recommendations
    - Senior management should get work on understanding their limitations and delegating decisions to staff.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Great people, challenging work, and it's all for a great cause.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Teacher Retirement System of Texas

    Pros

    Good company with good people. It all goes for a great cause so it's worth the long hours that are put in occasionally. Also, it's located in Austin which is a plus.

    Cons

    I cannot think of anything. All my experiences were positive so it makes cons very difficult to think of off the top of my head.

  9.  

    a bit slow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Teacher Retirement System of Texas

    Pros

    competitive pay, flexible time off

    Cons

    no reviews or promotions, bad benefits

    Advice to ManagementAdvice

    more respect to employees

    No opinion of CEO

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