Teacher Retirement System of Texas Reviews
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 Senior Management – 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.
Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company
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 Senior Management – 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.
Yes, I would recommend this company to a friend
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.
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 Senior Management – 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.
No, I would not recommend this company to a friend
Pros – People are nice to work with.
Cons – typical state gov. mentality sometimes, weird policies.
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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 Senior Management – - Senior management should "Man up" and support staff's recommendations
- Senior management should get work on understanding their limitations and delegating decisions to staff.
No, I would not recommend this company to a friend
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.
Pros – competitive pay, flexible time off
Cons – no reviews or promotions, bad benefits
Advice to Senior Management – more respect to employees