TIAA reviews

3.7

65% would recommend to a friend

(4,011 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 4,011 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
4.0
Feb 27, 2016

Wealth Management Advisor

Recommend
CEO approval
Business Outlook

Pros

There has been a lot of negative post from either former or current advisors which makes you believe that being a WMA at this company is a bad decision and that is not the case. First the firm provides a very generous base salary from the day you start working for them. What firm provides close to a six figure salary starting on day one when you haven't begun any production? Also the individuals who complain about having to hit sales goals or that this job is a sales job and was mislead are you kidding me? What financial advisor job is not a sales job? Whether you are working on your own or at a financial firm your goal is to always sell to the client that the financial plan you deliver will provide them with financial security. I feel those who complain about the sales aspect just don't want to sell anything period and are making excuses for their failure. Why would this firm want to put you in a position to fail when they invest so much time and money into your success. If you treat this job where meeting in front of clients and motivating them to take action is imperative you will succeed, however if you think just because you have a nice salary and can do minim effort because of this income you will fail.

Cons

I do have to admit that training needs to improve for the new advisor but with the mentor program new advisors can learn quickly from tenure advisors on how to succeed. Also I do admit that the process they want you to follow can be to cumbersome and unnecessarily time consuming

1.0
Feb 15, 2016

A soul crushing hell hole

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I had a short commute. Since there is a twenty word minimum for this field, that's all I can think of.

Cons

If you look at reviews from other areas within the company, the common theme is that the systems are antiquated. If you work in IT, and aren't of a particular ethnic background, then you know how messed up things are. First, let's talk about the former CTO. All her town-hall meetings contained nothing but fluff, and she couldn't wait to bolt and let others handle the real topics. How she moved up the ranks is beyond me, and really is an indictment of the very top layers of this company. Then they replaced her with another fellow, and belongs to a special ethnic group within TIAA's IT area. Of course, those people are hands off. When I first joined, I saw managers there that survived 10, 15, 20 and in one case 30 years. My first thought was "wow.. this place must be great" only to realize that these managers didn't have the skill-set to flip burgers, let alone be managers in an IT department. I'll explain through 2 stories how dysfunctional this place was. My first manager , I had a 1:1 with him, and of course, everything I did sucked. I was a director in a previous company, but to him I was a screw-off because I took a relaxed attitude towards a number of high-visibility projects. I've done the work countless times in the past, so I had complete control of all aspects of the project, which, because of his total lack of skills, perceived this as me not caring. He would continuously threaten the group that we were going to lose our jobs, which leads me to question: how does someone like that survive that long, and what does it say about the company's "ethics" that they claim they hold in such high regard ? Well, this fellow was replaced by another guy who was supposedly an author and brought in from one of his buddies. As it turns of, he authored some book on some deprecated features of a software stack we were using. How he was an author is a complete mystery because his emails were so poor and disjointed, there was no possible way he could have penned a single paragraph of anything. In one years time, I literally spoke to him (with actual words) about 5 times. This gent was then given choice projects and he brought to his team all his favorites. So, in summary, the cons of this place are many. From the hypocrisy of upper management regarding "Ethics", to favoritism and out-right discrimination within IT (just look at the ethnic make-up of IT), working at TIAA was hands-down the worst place I've worked for.

3.0
Nov 17, 2014
Recommend
CEO approval
Business Outlook

Pros

Most of the people that work there are very nice and very helpful. I worked in a field office so it was nice to know that I could call up people in the headquarters for help with any questions. They can pay out pretty decent bonuses.

Cons

The wealth management side of the company has become much more sales focused. When I first started working in the wealth management division of TIAA-CREF in 2007 it was primarily focused on the client experience and by the time I left the main objective was bringing in new assets. It became a "what have you done for me lately" environment and from what I have heard from employees that are still there it has stayed that way with the asset growth goals getting larger and larger every year.

Viewing 70 - 72 of 4,011 Reviews

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