TIAA Reviews

Cons

None other then typical struggles of working in the financial industry. Inaccurate information and bitter feelings of employees not successful should be researched before people follow it.

Cons

Like anywhere else, there are too many layers of management in many areas, which leads to too many people being afraid to make a business decision without everyone on board. It would be nice to see “less talk, more do.”

Cons

We are always asked to do the right thing but we are unable to because of time, money, resources. Very, very frustrating.

Cons

I personally did not have any.

Cons

Personality-driven organization. Deeply rooted cronyism and silo-ism. More important to know the right people than know what you are doing. Heavy reliance on contract labor for subject-matter expertise. Obsession with education over experience and aptitude. Very hard to progress.

Cons

Expect to travel often in this role if you are in Upstate NY. On average I spend 3 nights per week in hotels and approximately 15hours per week driving.

Cons

Lots has started to change with TIAA since 2016. There is lots of check the boxes that will need to be complete. More than half the job will be pure administrative duties. There is one focus and that is to bring in new money and ever increasing goals. If you are looking for a 40 hr job this is not for you. Expect long hours and answering emails at night and through the weekends to be successful. Its impossible to use all of your vacation as the work does not stop when you are out of the office so its double time when you return. On Oct 21 2017 the New York Times wrote an article that revealed many of the practices with its advisors. The company reacted drastically to the article and hired attorneys to pursue employees making everyone fear for their jobs. There are currently over 90 open advisor jobs which is about 15% of all the positions as advisors. Many advisors are leaving due to the pressure and changing environment. Most clients have had 3-5 advisors service them which creates a lot of dissatisfaction with clients. It also makes finding new assets to meet goals nearly impossible. Don't provide your own thoughts or feedback to management or you will be managed out. You will see this in several other reviews as its true.

Cons

Don’t loose the culture due to the merger. But other than that cannot think of a negative for this company.

Cons

Horrible Managers, too many re-orgs, too many lay-offs

Cons

I worked for TIAA close to 9 years and 3 years was working from home but I was never given an office furniture like office desk and chair. I was working from home using my dining table, dining chair, using my own electricity and personal cell phone and never got reimbursed. I developed chronic lower back pain musculoskeletal disorder due to awkward postures and not having a proper office equipment. I have to get cortisone injections for my back for the pain and never get reimbursed for that.

TIAA also declined my workman's compensation claim for the back pain and instead blamed it on my health activities like playing basketball. They spent a lot of money paying their lawyers than helping their hard-working employees get compensated. They also scheduled a meeting during my lunch hours and what is convenient for them not caring if it is your lunch break and never paid me for overtime. I have to take premature distributions from my retirement pension and pay 10% IRS penalty when I was laid off. I have bonus owed me but since I did not sign the severance package. TIAA kept it.