TIAA - Financial Analyst | Glassdoor

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There are newer employer reviews for TIAA

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Helpful (7)

"Financial Analyst"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst in Charlotte, NC
Current Employee - Financial Analyst in Charlotte, NC
Recommends
Positive Outlook
Approves of CEO

I have been working at TIAA full-time (More than a year)

Pros

I have been with TIAA CREF for 14 months. In the time I've been here, I've seen a Senior get promoted to a Manager and a Financial Analyst 2 get promoted to a Senior. I have also seen 4 people in my area apply for and get jobs in other, non-related, areas of the company. So I would say that career advancement, in whatever form you're thinking of, is available.

My starting salary was $62k, which is competitive in the marketplace. There is a great benefits package, including great insurance options, FSA Childcare Reimursement, Health Care Savings, 5% automatic infusion into employees 401k plan, and an additional matching of 3% more for a total of 8% annually contributed by the employer. There is an onsite wellness center with doctors and nurses, which only cost $5.00 to visit. TIAA will pay for your 1st Master's Degree as long as it supports the line of work you're in. There are many more benefits as well.

Different groups have different abilities to work from home. My group is very flexible and I work from home at least two days every week. However, my next door cube mate at work is in a different group/area, and they are approved to work from home no more than once a month, and even then the management frowns upon it. So different areas are different, and I guess the individual experience all depends on the area.

Also, it is very easy to talk to and deal with management. It is more of a friendly co-worker relationship than a hierarchy that is unreachable by the entry level workers. From the bottom to the top, everyone is very approachable and friendly. Very nice atmosphere.

Overall, I would say that I am very pleased at TIAA. I feel like I am well compensated, have a good work life balance, the opportunity for advancement, etc.

Cons

The only con I have seen so far is that when I was hired, I was told that the yearly bonus was typically 10-20% of salary. However, when my first bonus year rolled around, my bonus was around 5%. I was told that new employees who were not there an entire year were treated differently when allocating the bonus pool, and that the next year should be on track with what I was told when I interviewed.

Other Employee Reviews for TIAA

  1. Helpful (2)

    "Toto, I've a feeling we're not in Kansas anymore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Denver, CO
    Former Employee - Project Manager in Denver, CO
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at TIAA full-time (More than 5 years)

    Pros

    One of the older financial service companies around with a great history and client list, great pension benefits, good health and welfare benefits, people mostly friendly.

    Cons

    Constant management churn in the middle level and layoffs are regularly occurring as they try to maintain market share and modernize. They are very afraid of being compared to competitors and of benefits consultants. Many employees scared or paranoid about job prospects and career advancement.

    Advice to Management

    Get your act together. you could be a great company.


  2. Helpful (4)

    "Talented people buried by talentless people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Prefer Not to Say in Charlotte, NC
    Former Contractor - Prefer Not to Say in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at TIAA as a contractor (Less than a year)

    Pros

    compensation, project challenges, talented project contributors

    Cons

    An endless meeting culture. Nepotism/cronyism abounds, workstreams run in silos with departmental turf mindset & little interdepartmental synergy, poor accountability/aptitude at middle management layer showing high resistance to positive/structural change. Promotion based on spoils vs. merit. Managers more concerned about internal political balance than good process, execution, and results. Quote: "We predetermined that this initiative (x) was not going to succeed, so we made sure that our effort reflected our determination." Onboarding/Offboarding is atrocious. Because of the excellent benefits and 401k match, folks become very aggressive when their ideas are challenged.

    Advice to Management

    Cull about 75% of all middle managers and staff heavy with producers in a more lateral organization where interdepartmental contributors come into projects as peers.

    The current management tier makes rash and immature decisions based on personal or clique advantage rather than company/departmental health resulting in a highly political work environment. Entrenched stalwarts get away with myriad unprofessional gaffes and failures while diligent contributors are kept down or overlooked for promotion.

    Managers gain strength by purging foward thinking contributors (people who see through the smoke and mirrors) and by hiring their cronies from former employers to solidify their control and ensure their longevity. Upsetting this balance with honest appraisals can bring disastrous consequences for more conscientious and optimistic subordinates. Your good ideas will be stolen and repackaged. Just as you begin to make progress, you will be derailed or retracked.

    Cronyism wins over merit at TIAA-CREF.

    In hindsight I would have fared better with a practiced golf-clap and fake smile instead of applying my hard-won career skills and insights.

There are newer employer reviews for TIAA
There are newer employer reviews for TIAA

See Most Recent

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