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
4. Juli 2026
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CEO-Befürwortung
Geschäftsprognose

Pros

Good starting salary and benefits package.

Kontras

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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