TIAA Reviews

Cons

Lots of change in current division.

Cons

The biggest con is that salaries and raises are lower than those in most financial services firms. The top leadership in the area where I worked was quirky and somewhat inconsistent to say the least. She continually hired outside agencies to do some of the most interesting work where staff would have done a better job at a lower cost. A new leader instituted biannual tests which they said were not for performance reasons and then used them to terminate people.

Cons

Have not found a Con

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

TIAA is a large company and can be difficult to navigate.

Cons

I came to TIAA assuming that its emphasis on Diversity and Inclusion would extend to LGBT employees. Unfortunately, the commitment seems like lip service. Some examples:
- When here in NC the governor signed a bill restricting LGBT rights, TIAA (one of the largest employers in Charlotte) was silent.
- There are virtually no LGBT people in senior leadership - the "Executive Leadership Group" has less than 2% who are openly gay (all are women).
- While race/gender diversity is always noted as a plus for recruitment/promotion purposes, I have never seen sexual orientation noted.
- I know many LGBT employees who feel that they would be further in their careers if they had stayed in the closet. Never a good sign.

Cons

Struggles to keep up with the technology curve on some teams. Other teams work as more of a 'startup' vibe and are afforded the chance to immediately integrate new tech.

Cons

Poor management. Weak offerings. Mislead employees.

Cons

Too much emphasis on metrics and not enough attention to the human aspect of the job. Some of the people in management should not be in management.

Cons

limited positions in the Lewisville office, often times you will have to move to a different location to achieve the desired position