TIAA reviews

3.7

65% would recommend to a friend

(4,009 total reviews)

Thasunda Brown Duckett

55% approve of CEO

54% positive business outlook

TIAA has an employee rating of 3.7 out of 5 stars, based on 4,009 company reviews on Glassdoor which indicates that most employees have a good working experience there. The TIAA employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
3.0
Feb 25, 2009
Recommend
CEO approval
Business Outlook

Pros

- The level of compensation and benefits is very good. - The facility and work environment is excellent. - The company provides many amenities on site such as multiple very nice eating facilities, convenience store, coffee shop etc. - On site medical care including free examinations, flu shots etc. - The company has been in business 90 years, dominates its market and is very stable. - The company has top credit ratings from all agencies and is highly regarded by its customers

Cons

- The culture is VERY political and bureaucratic - The management style is very reactive. Rather than establish policies and procedures that avoid issues they let them occur and then have major emergency efforts to resolve them - There is a vast communication vacuum between management and those who actually get the work done. - There are way too many employees in the managment hierarchy for the total number of employees - The management structure is very hierarchical - The company has frequent management reorganizations

2.0
Feb 24, 2009
Recommend
CEO approval
Business Outlook

Pros

Benefits are very good compared to other corporations. The company has a pension plan that vests you 100% after 3 years of employment (it used to be 5 years). Work-life balance is valued greatly and managers are pretty flexible and generous with the need for time off and vacation requests. This includes maternity/paternity leave as well. It is a good place to learn about the financial industry and become experienced within it. Compensation like bonuses and raises are good, if you get it.

Cons

Metrics, metrics, and more metrics. You are just another cow producing milk. You don't produce enough, you are written up. You could go on for months of hitting your numbers and doing well and 2 bad months, you are on a verbal warning. They constantly "raise the bar" (the company's term) on you as what you have to accomplish in a day. They expect more and more out of you every day. What is worse, you have "coordinators" (aka supervisors) who can't even properly account for your work and turn that over to the manager without telling you or advising you that you are not doing good. They will provide you with different totals than what they give to the manager. Next thing you know you are written up. If a coordinator doesn't like you, they will make sure you don't hit your numbers every month by assigning your more difficult requests that may take longer or don't give your more "points". They are cowards because they know they will not have to face you when you have to have a "conversation" with your manager about your performance. You have to account for your own work heavily, and document everything in order to combat the possibility of being written or fired over your performance! Also, butt kissers, brown nosers and informants will get a promotion or special job duty above you, despite how hard you may work or how well you perform above them. And if you perform well, but may appear to be a career threat to someone, management will move you to a hated and despised department in order to beef up the numbers and set you up for failure. And yes, I have applied for lateral positions myself, and was told I was "over-qualified" for the position and was even asked to take a 15-20% pay cut if I accepted it. What kind of logic is that! And from department to department, even if you are doing similar work, they account for your work in entirely different ways. And in some cases, what the other department does with your work request that you have completed properly and on time, can impact you and bring down your numbers if they don't handle it in time. Management is self-absorbed and arrogant, particularly mid level management. They relish the fact they have power to fire you or lay you off for poor performance. They look good to directors and VPs when they get rid of "poor performers". Directors and VPs are so happy they make the money they make, they could care less if you are a good employee who hit a bad streak - OFF WITH YOUR HEAD! Then the company thinks they are saving money by outsourcing when in the long run, they spend more. Outsourcing works in some cases, but not for a financial company like this one.

3.0
Feb 23, 2009
Recommend
CEO approval
Business Outlook

Pros

If you're seriously ambitious, make friends quickly, and work when and how they want you to you're doing good. I think it's really important that they care about their heritage. I think they are attempting to get on the right track with their customers and service level.

Cons

There is a lot of internal relationships; it's a web of connectivity. There are so many people that have jobs because they "know someone". It is often evident how deep these ties go, especially if you "mess with" the wrong people. There is a lack of value for the good work intelligent people are doing.

Viewing 3979 - 3981 of 4,009 Reviews

Glassdoor has 4,405 TIAA reviews submitted anonymously by TIAA employees. Read employee reviews and ratings on Glassdoor to decide if TIAA is right for you.