TIAA - What was once a great organization has become one without integrity. | Glassdoor
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There are newer employer reviews for TIAA

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Helpful (22)

"What was once a great organization has become one without integrity."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Wealth Management Advisor in New York, NY
Former Employee - Wealth Management Advisor in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at TIAA full-time (More than 10 years)

Pros

Overall retirement, vacation, and health Benefits.

Cons

Questionable sales tactics being employed to uncover and obtain client assets.

Advice to Management

This organization once had integrity and always put the interests of the participant (client) first. The transition to the concentration on asset growth and brokerage platform introduced less-than-honest sales practices which NO LONGER put the interests of the participant first. Upper management would rather concentrate on uncovering other assets and bringing those in to be managed by TIAA-CREF regardless of the suitability or interest of the client. Andrew Carnegie would be ashamed of what you have done.

Other Employee Reviews for TIAA

  1. Helpful (5)

    "Good company, but not big on development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at TIAA full-time (More than 5 years)

    Pros

    Good benefits
    PTO (paid time off) instead of breaking out time off by personal, sick and vacation days
    Solid mission and good values
    The culture is very professional and diversified

    Cons

    There's a lack of opportuniy for lower level employees to develop and move into better career tracks.

    The work day generally exceeds eight hours and many managers expect you to be available via BB after hours and on weekends.

    There's a tendancy to hire from outside instead of promoting and developing people within the company.

    Advice to Management

    Increase development opportunities for lower level employees and create career paths for them to move up as skill level increases.

    Improve your hiring process. It's extremely slow!

    Stop the constant reorganizations. It's an incredible time waster, doesn't speak well for the organization as a whole, and creates unnecessary tension that diverts energy from the work that needs to get done.


  2. Helpful (7)

    "STAY AWAY!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at TIAA full-time (More than 5 years)

    Pros

    Not many so if I had to choose it would be compensation.

    Cons

    Wealth Management Directors who manage with abusive tactics such as constantly threatening advisors with the loss of their jobs. Severe lack of focus on talent development and rampant finger pointing. Personal performance and achievement of goals does not matter as directors will find a reason to write you up if you are not part of their "inner group". Very convoluted and vague assessment criteria for Advisor performance and bonus calculations. Massive defection of advisors due to a very abusive culture within IAS. Many who have been with the firm for more than a year have learned to keep opinions and ideas to themselves for fear of negative backlash or retaliation. Work/ Life balance is discouraged. Unless your are with the "in crowd", forget about any opportunity for advancement and count yourself lucky if your not being managed out.

    Advice to Management

    Want to identify the problem? Start by looking at your mirror.

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

See Most Recent

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