Company has not managed growth, technology is lacking, and politics at the top are distracting and unproductive. - Recensione dipendente - Investment Process and Ops presso TIAA

2,0
4 mar 2014
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Pension plan (3 years to be fully vested though), paid time off, tuition reimbursement, life insurance coverage, health care is ok

Svantaggi

Technology is not current (running Office 2003 and Internet Explorer 8 in 2014). Every system is a band-aid for an inadequate system, and none of the systems integrate with one another. Salary bands for positions are not disclosed, so you never know where you stand in regard to how much you should be paid. There is a large discrepancy between bonuses. It is a mystery as to how bonuses are determined. Bonuses (as a % of salary) range from 10% to over 20% for same position, same performance. Basically, it depends on who likes you, or who doesn't. Major politics at the very top trickles down to Senior level management and beyond, making it an uncomfortable environment, not to mention unproductive. The decision makers are often misinformed, or frankly not knowledgeable of the subject in which they are making decisions on. Too many moving parts, too many hands in the bucket, and no congruency between departments make for inefficient processes and workflows. Constant reorg and restacking, with no transparency as to why, leaving most employees in the dark. No clear direction of the firm.

Esplora altre recensioni su TIAA

5,0
25 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great opportunities for growth and supporting management

Svantaggi

There is nothing to love about TIAA!

2,0
4 lug 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Good starting salary and benefits package.

Svantaggi

The longer you’re there, the more of an expectation that you work more for the same or less income. Producers find it hard to justify staying when leadership keeps moving the goal posts on how to increase income. No rhyme or reason as to how they decide “promotions.” One advisor might have one good year and get promoted over an advisor that produces year in and year out. They fail to share revenue because they’d have a hard time justifying the income level compared to outside advisors with a fraction of the book size. They claim and depend on brand recognition to justify a capped income but fail, or just won’t admit that is why they keep losing their top talent. Operations is a nightmare that I can’t even begin to describe. When I share the processes that have been in place for over a decade, colleagues in the industry shake their head and laugh. They can’t believe we earn and keep business. The saying while I was there was “the biggest threat we face is that TIAA clients start to explore their options outside of TIAA.”

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