Constantly changing expectations. - Financial Consultant bei TIAA: Mitarbeiterbewertung

2,0
5. Juli 2011
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CEO-Befürwortung
Geschäftsprognose

Pros

TC has a pretty good benefits package, although that had been adjusted due to economic conditions. It is rewarding dealing with non-profits, hospitals, and universities. Also, the company has outstanding stability, which is nice to have in a financial services company these days.

Kontras

TC is a dinosaur. They were such a conservatively run company for so many years that they are just now getting into the new millenium and they have seen losses in their market share dealing with non-profs, schools, and hospitals. With all the changes being made, the culture is being radically shaken up, I was hired more as a service and advice oriented consultant, but over time my job changed to primarily sales driven. Where TC was initially very generous with benefits, they have slowly reduced benefits (such as the Employer match, PTO, overtime) to be more in line with "the market." Also, they are generally understaffed in this position due to high turnover (the job kinda sucks now) and their reluctance to overstaff, this makes time off the phone severely limited. There was a lot of mandatory overtime, very little ability to take people off the phone for training, and a constant queue of somewhat annoyed customers..

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5,0
25. Juni 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Great opportunities for growth and supporting management

Kontras

There is nothing to love about TIAA!

2,0
2. Juli 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Work-life balance & nothing else.

Kontras

Don’t make the same mistake I made…there’s a reason why this company’s job listings barely get any traction or applicants, even in the NY markets. Operations is a joke, and has been subpar for 10+ years. The lack of efficiency across all divisions is scary. The VSP (voluntary separation severance packages) that happened in 2021-2022 made things even worse. Because so many employees took the VSP, most roles were either backfilled with non-qualified or inexperienced people or not filled at all…like ever. Especially in Wealth Management leadership roles. This created a micromanagement culture that gets in the way of productivity & slows down money movement. Opening & funding accounts almost always takes 1-2 months here where at JP Morgan & other firms it takes less than 3-4 days. Back office & services associates constantly make mistakes, which impact the client experience and constantly jeopardizes your reputation. Turnover is scary high in operational & support roles, it is very typically for 1 or a very few operational associates to handle requests for an entire region. Constant turnover in the portfolio manager roles & advisor roles are directly related to all of the above. The company’s growth has been stagnant for years. Now that Trump defunded the education department, universities are laying people off because of lack of government funding…which will affect the company’s bottom line faster than they expect. You’ll strangely get the feeling that no one here ever knows what they’re truly doing.

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