This paper presents a comparison between four TRIP steels, which belong to two groups with different chemical compositions. The first group is that of steels with a relatively low contents of Mn (1.5–2%), high Al (1–2%) and about 0.2% C, and the second includes steels with lower percentages of C (0.1%) and Al (max. 0.6%), but with high percentages of Mn (over 5%). The steels were heat treated by incomplete austenitization, isothermally cooled in salt baths at 400 °C, followed by air cooling. The heat-treated samples were subjected to the impact bending test. A comparative study was performed from the point of view of the intensity of the TRIP effect, the development of the retained austenite-to-martensite transformation under shock (studied by SEM), X-ray analysis and hardness measurements. It was found that appropriate and similar behaviors in terms of mechanical shock were shown by two steels belonging to different groups, with similar amounts of the retained austenite being turned into martensite fractions. The steel with the highest Mn percentage was distinguished by having the highest hardness (362 HV) and the highest retained austenite (obtained after heat treatment) and martensite fractions (caused by the TRIP effect) (10.63% and 2.17%, respectively).