Vantaggi
In the interest of fairness, the base salary, bonuses and benefits are outstanding. However, that assumes you’ll make the three year vesting period.
Svantaggi
Don’t be fooled by the positive comments. TIAA-CREF is a disaster in the making. While certain divisions within the firm are respected and actually a good place to work, the Wealth Management Group or IAS, is not one of them. Work as a Wealth Management Advisor (WMA) at your own peril, and only if you have no other options and need a job, especially true of the Midwest region. I have never worked for a more deceitful and unethical group in my life. Management is widely incompetent and has turned the role into a “Boiler Room” type of operation focused on pushing their own managed product at the expense of their institutional clients. They manage by fear, intimidation, and constantly hang the threat of termination over your head. You’ll also be micro-managed and treated as a child every step of the way. In addition, the company’s antiquated technology and inept operations are ongoing internal jokes. It’s not a matter of if something will mess up but by how much. If you value a clean U-4, then this is not the place. WMAs are treated as pieces of meat and management has no problem with tossing you aside or screwing with your bonuses as they see fit. Then of course justifying their actions. Maybe that’s why there are a number of arbitration cases pending at the moment.