employer cover photo
employer logo
employer logo

Virginia Retirement System

Is this your company?

The truth about the Investments Department at VRS - Investment Virginia Retirement System Employee Review

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.

Explore other reviews about Virginia Retirement System

5.0
Dec 11, 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Benefits, pay, location. Genuinely friendly people.

Cons

It's still bound by some state government rules as an employer, but not a huge deal with the other benefits of this employer

1.0
Jan 15, 2026
Recommend
CEO approval
Business outlook

Pros

Depends on position. Pro was limited customer contact

Cons

Poor management, inconsistent directives, you are pretty much treated poorly. Never been treated so poorly in my entire 35+ years working. Do not promote from within. Work system is a nightmare. If you don't work for investments, you don't matter.

1
See reviews by: Helpful|Rating|Date|All