Teacher Retirement System of Texas Interview Questions

4 total interview insight submissions
Interview Experience (93%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

4.5
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (90%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

3
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (42%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

30%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Teacher Retirement System of Texas

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Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
1st Year Analyst
Year 2020
Job Title 1st Year Analyst
Group/Division Generalist
Location Austin
Experience
Very Positive
Difficulty
Difficult
Intern
Year 2017
Job Title Intern
Group/Division Investments
Location Austin
Experience
Positive
Difficulty
Average
Intern
Year 2017
Job Title Intern
Group/Division Technology, Media and Telecom (TMT)
Location Austin
Experience
Positive
Difficulty
Easy
1st Year Analyst
Year 2009
Job Title 1st Year Analyst
Group/Division Investments
Location Austin
Experience
Very Positive
Difficulty
Average

Interview Questions & Answers - Teacher Retirement System of Texas Examples

Investment Analyst Interview - Generalist

Anonymous employee in Austin
Interviewed: July 2020
Date Submitted: Jul 07, 2020
Outcome
Accepted Offer
Interview Source
Other
Length of Process
Less than 1 month
Application
Phone Interview
Other
Interview
First step was resume + questionnaire. Second step was hour long phone interview. Behaviorals and technicals about markets, valuation, assets classes, etc. Third step was 24-hour case study. Final step was interview discussing the case findings.
Interview Questions
1. How do I think the current COVID-19 crisis will change consumer behavior and preference over the next 5 years?

2. In your case you identified a problem in the valuation of company X in investment bank Y's research report. Could you explain to us again the problem, what you would do differently and why?

3. Company X is bleeding a lot of cash. What if company X is no longer able to finance its operations through the issuance of debt? How would you suggest they solve their cash problem if this were the case?
Sample Answer

Investment Analyst Intern Interview - Investments

Anonymous employee in Austin
Interviewed: November 2017
Date Submitted: Nov 19, 2018
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Drug Test
Background Check
Interview
Consisted of one 30-minute phone interview with behavioral and technical questions. Technical questions related to the economy, yield curve, and opinion on QE. Then interviewed in person one month later. Consisted of 2 interviews with 2 employees each of varying levels. Both consisted of a mixture of behavioral and technical questions. Technical questions were in regards to how to think about a pair trade, what you look for in financial statements when evaluating a company, yield curve, and duration from what I can remember. They also asked for a recommendation letter when coming in for the in-person interview. Interviewers were very friendly.
Interview Questions
1) how i would think about a pair trade with apple & samsung.
2) multiple quesions about yields: bond yield, Macaulay duration, modified duration3)
3) what does an inverted yield curve mean vs. normal?
4) what would you invest in during a growing economy? declining?
5) how would you compare one fund's performance to another?
6) what is alpha?
7) what is the beta of an investment?
8) is there a company you are currently flollowing?
9) what is a recession? what would cause a bubble?
10) if the fed lowered interest rates, how would that affect valuations?
11) in what instance would raising rates increase company valuations?
12) how did tax rates affect valuations?
13) what is your opinion on quantitative easing?
14) what do you look for when investing in a manager?
15) most difficult: if you were the CIO of this fund, what asset classes would you invest in, what % would you allocate to each, & what % return would you expect from each?
Sample Answer

SQL/SSRS Intern Interview - Technology, Media and Telecom (TMT)

Anonymous employee in Austin
Interviewed: June 2017
Date Submitted: Feb 12, 2018
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Interview
It was a behavioral + technical interview. The interviewer asked basic SQL questions and some behavioral questions.
Interview Questions
- what are the types of joins? distinguish between the joins
- What does UNION do? What is the difference between UNION and UNION ALL?
-Considering the database schema displayed in the SQLServer-style diagram below, write a SQL query to return a list of all the invoices. For each invoice, show the Invoice ID, the billing date, the customer’s name, and the name of the customer who referred that customer (if any). The list should be ordered by billing date.
- Why is USE keyword used in MS SQL Server
Sample Answer

Analyst Interview - Investments

Anonymous employee in Austin
Interviewed: August 2009
Date Submitted: Oct 08, 2013
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Personality Test
Interview
If you have remotely prepared for IB interviews you will be more than qualified for whatever they throw at you. The biggest thing is to know other analysts that have worked there and to have a strong working knowledge of the type of investing a public pension engages in.
Interview Questions
There are not any surprising curveballs thrown at you.
You should not present an overly aggressive personality.
Seeing how 2-3 years at TRS would work within your long-term professional goals is key.
Sample Answer