Join Our Team
Working together for the future of Texas
Introduction to the IMD
The Investment Management Division is a team of long-term investors based in Austin, Texas and London, United Kingdom with a fiduciary duty to more than two million Texans. Our job is to deliver absolute and excess returns every day. We accomplish this through teamwork that is grounded in mutual respect and trust. Our mission is simple though crucial in scope: to consistently grow our global ~$200 billion AUM pension trust fund to help protect the futures of public education employees across the state.
Build Your Career at TRS
To implement our investment plan effectively, we’re devoted to attracting and retaining talented investment professionals who align with our agency mission.
Contribute Meaningfully
We’re in the business of wise decisions. We believe providing a voice to all levels of a team leads to the best decisions. From junior analysts to the chief investment officer, every employee is in a position to make the Investment Management Division better. Our cultural tenets of transparency and constructive candor support informed investors who are expected to have a voice on how we can deliver on our mission.
Diversified and Innovative Strategies
Our long-term outlook is unique and gives us the space to be innovative across major and emerging asset classes, including Global Equities, Hedge Funds, Risk and Portfolio Management, Quantitative Strategies, Special Opportunities, Private Equity, Real Estate, Energy and Infrastructure, Internal Trading, and Risk Parity. See our Investment Teams pages to learn more.
Access to Thought Leadership
The Investment Management Division (IMD) at TRS has access to some of the best minds in the industry, both externally and internally. From small-format meetings to IMD-wide events, employees at all levels get exposure and meaningful interactions with global investment and thought leaders.
Competitive Pay, Benefits and Work-Life Balance
With a compensation philosophy of transparency and equity, TRS provides competitive financial incentives that reward both individual and trust fund performance.
Competitive Pay, Benefits and Work-Life Balance
Our Total Rewards Portfolio plays a significant role in demonstrating to current and potential employees our commitment to being a destination employer.
- Base salary and performance incentive compensation informed by regularly conducted third party industry salary surveys (see IMD and TRICOT Performance Incentive Pay Plan documents)
- Defined benefit pension plan, 401(k), and 457(b)
- Earn State Compensatory Time for overtime worked by exempt employees, usable for paid time off
- Holiday leave (~12-15 days annually)
- Vacation and sick leave
- Medical, dental, vision, and other benefits
Personalized Employee Development
At the IMD, we strive for continuous improvement. Regular feedback and development opportunities help us increase our effectiveness.
We support employee development in many ways:
- Feedback-driven culture with timely and actionable advice for increasing impact
- Leadership training and developmental coaching opportunities
- Formal and informal mentorship opportunities to support development goals
- Support for CFA, CAIA, and other professional certifications
- Workshops supporting investment, technical, and interpersonal skill development
- External and internal conferences, summits, and symposiums
- Insights on personal working styles and effectiveness strategies from validated instruments such as DiSC
- On-demand learning resources
Access to Thought Leadership
Premier guests and speakers at the Investment Management Division of TRS have included:
- Jamie Dimon, CEO of JPMorgan Chase
- Marc Rowan, CEO of Apollo
- Jim Coulter, CEO of TPG Capital
- Carla Harris, Senior Client Advisor at Morgan Stanley and former Vice Chairman of Wealth Management
- Jon Gray, President and Chief Operating Officer of Blackstone
- Admiral William McRaven, Ninth commander of the United States Special Operations Command
- Dan Ariely, Ph.D., Professor of Psychology and Behavioral Economics at Duke University