TIAA-CREF is a Fortune 100 financial services organization with $481 billion in assets under management (as of 6/30/12). The firm is a leader in helping those in the academic, medical, cultural, governmental and research fields plan for retirement, and life’s other goals. More than 3.7 million individuals trust us to help support their financial well-being.
We provide a range of products and services(including retirement plans, IRAs, life insurance, brokerage services, mutual funds) that we tailor to clients’ needs and are highly regarded in our industry.
What Makes TIAA-CREF Different?
We at TIAA-CREF have long subscribed to a different set of guiding principles directly influenced by those we serve.
Excellence, integrity and professionalism are inherent to our culture. Our employees maintain these high ethical standards by being individually responsible and accountable for demonstrating responsiveness and sound judgment. The creative, results-oriented environment that stems from this culture leads to lasting relationships with our clients and their plan participants.
TIAA-CREF has more than 8,100 employees, and is headquartered in New York City. We also have major operations in Denver, CO, Charlotte, NC and Lewisville, TX, as well as more than 70 local offices nationwide.
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- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at TIAA-CREF full-time (More than 3 years)
TIAA-CREF was founded by Andrew Carnegie to provide for the retirement of teachers and other people who devote their lives to serving others in 1917. Almost 100 years later, this service mentality persists among all the employees here. TIAA-CREF is unique among financial services firms in NYC in that there really are no mean-spirited people. It is a remarkably stable company with advantages that are unreplicable in the marketplace ensuring it will be around for a long time to come. Managers are genuinely interested in your career growth and there is tremendous effort placed in making sure this is a great place to work. Employees are encouraged to take all of their PTO every year (which is a lot), as well as when I had my child, I took my full paternity leave of two weeks and actually got questioned if I had enough time off. This spirit actually inspires people to give more of themselves to the company, and those that can manage the unique culture become intensely loyal to the firm with many people having very long careers.
The organization is very bureaucratic and consensus driven such that it can take a long time to get things done. Similarly, it has grown very large which results in overlapping teams in different departments pursuing the same thing, often in conflict with each other. Individuals generally avoid taking personal accountability (which is ironic because it is one of our values) to spread blame for things not going well among as many people as possible. The is a big logjam of middle managers who appear to have first priority for anything approaching a senior level job, which limits career opportunities up to a certain point. I will say that there are initiatives underway to address all of these issues, but whether or not they work remains to be seen.
Advice to Management
Rationalize the company to remove duplicate functions and hire more highly intelligent people who will be capable of taking this company to the next level. Stop wasting so much time in never-ending IT projects that can cost hundred of millions of dollars, and please please please stop asking management consultants their opinions. We spend way to much money on them and all it does is waste time in analysis paralysis.
Getting an Interview
Getting an Interview
- No OfferNeutral ExperienceAverage Interview
The process took 6+ weeks. I interviewed at TIAA-CREF.
Was called by their recruiter. Had a phone interview where they told me I would be a great fit for the position. Scheduled in person interview shortly afterwards. Finally met with hiring manager. Went over resume and position and company. Comprehensive interview. Thought it would be a fit and that I would come back again but was told they are moving forward with other candidates.
- can you sell a platform of strictly prop funds and a fixed account with a 10 year surrender period Answer Question
It's punishment enough to write the name once on a blackboard. Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF) is one of the largest, if not longest-named, private retirement systems in the US, providing for more than 3.5 million members of the academic, cultural, medical, and research communities and for investors outside of ...
Mission: "Serving those who serve others."