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Virginia Retirement System

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Virginia Retirement System reviews

3.9

68% would recommend to a friend

(7 total reviews)

Robert P. Schultze

81% approve of CEO

63% positive business outlook

Reviews by job title

7 reviews

Reviews about "Compensation"

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5.0
Jul 19, 2021
Recommend
CEO approval
Business Outlook

Pros

Work culture, purpose and mission of the agency, very friendly and intelligent coworkers. Management is empowering and cares about the coworkers. I've always had great experience with my supervisors. I always felt comfortable about asking for more challenges or different type of work that I am interested in.

Cons

Difficult to move around in the agency. Whether it be upward development, or a lateral move into a different field. There are yearly bonuses but other than that, there doesn't seem to be any opportunities for a pay raises due to performance, incentive etc. I still gave 5 stars because I always valued the experience more than the compensation

5.0
Sep 7, 2018
Recommend
CEO approval
Business Outlook

Pros

The VRS Investments Department is a professional investment shop that manages over $72 billion, and has done so very successfully for decades. The team is highly skilled and deeply experienced. Nearly every team member holds a CFA charter, a masters degree, and/or a PhD (4 on staff as of today). The culture is very collegial and team-oriented. There are ample growth opportunities in either the external "manager-of-managers" groups or to manage equity or fixed income assets hands-on with either of the two in-house portfolio management teams. The turnover is extremely low, with many having worked here together for 15+ years, which should tell you something about the work environment and employee satisfaction. The pay is very competitive, including annual incentive comp, and the benefits are excellent. The work-life balance is much better than what I hear from my peers in the industry. Richmond is simply a fantastic city to work and raise a family in.

Cons

The other reviews I've read here are mostly from the Administrative side of the Agency, with the exception of one Investments intern who clearly was unhappy. We try to help build careers through our internship program (which, by the way, is extremely competitive), but it is sometimes difficult to create enough work to satisfy everyone given that we have a small, highly focused staff. I can't speak to every aspect of the other non-Investments departments at VRS, but I know everyone at VRS is talented and works very hard. The culture overall is very positive. It is certainly about much more than pretty posters hanging everywhere (as a previous reviewer posted). I really think the negative reviews posted here are unfounded and, largely, ridiculous.

Viewing 4 - 6 of 7 Reviews

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