Pros
The Consulting Services side of the company pays really well for the amount of work expected. The company pays the majority of costs for above average health benefits and 100% funds individual retirement accounts. TIAA takes pride in its locations (no shopping malls) and has large prestigious real estate holdings housing semi-luxury offices. Lots and lots of food is brought in to celebrate just about everything.
Cons
There is little opportunity for promotion. Back stabbing between competitors for open jobs is encouraged. No one is ever fired; if someone screws up big time, the worst they can expect is to be promoted into a job where they can do less damage (if it's really bad, the promo is into the Admin side of the company where the dinosaurs are put out to pasture).