TIAA-CREF's Downward Spiral - Wealth Management Advisor TIAA Employee Review

2.0
19 Oct 2008
Recommend
CEO approval
Business outlook

Pros

The pay and benefits are very fair. However, they now expect you to give up your nights and weekends for the greater good. They are now like every other Company where the executives are paid millions in bonus, but the rank and file may get nothing for their hard work. The Company became this way under the leadership of Herb Allison who ascribed to Jack Welchs philosphy. He instituted a rank and yank system that is still being used to this day. The system sounds fair since you would think that the best employees would be the best compensated, but their rating system is inherenty unfair and can be manipulated. Also, the members of the executive team are not subject to this system.

Cons

No set career path. Very few opportunities for advancement.

Explore other reviews about TIAA

5.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Culture, benefits, PTO, flexible, career growth potential

Cons

Must be in a hub for significant career growth

4.0
13 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great work life balance Some offices are very nice Great people Meaningful work

Cons

Operations are a disaster Very little innovation Losing market share Highly bureaucratic Poor Management at all levels

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