Used to be great. Current CEO and executive team are wrecking the company. - Director TIAA Employee Review

2.0
May 22, 2025
Recommend
CEO approval
Business Outlook

Pros

Nostalgia for the Roger Ferguson years.Good bonuses and contributions to retirement savings. Good perks like on-site gym, cafeteria and pharmacy. Many good people working there just trying to do their best.

Cons

The last 3-4 years have been more detrimental to TIAA than anything in the previous 100. The current CEO and EC are doing a terrible job. No promotions or salary increases in 3 years. Hiring, travel, and expenses are all on hold. ICs and mid-level managers are completely underwater. Meanwhile the EC and board approve millions in bonuses to Duckett and the other executives. They’ve spend millions on non-value add things like this dress made out of money, a TIAA rap song by Wyclef Jean (that I guarantee isn’t in your Spotify play list), and many other decisions showing poor stewardship of company resources.

Explore other reviews about TIAA

5.0
Jun 25, 2026
Recommend
CEO approval
Business Outlook

Pros

Great opportunities for growth and supporting management

Cons

There is nothing to love about TIAA!

2.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Work-life balance & nothing else.

Cons

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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