Company Profile
TIAA
Company Overview
TIAA is a Fortune 100 financial services organization dedicated to helping our clients achieve financial well-being.
We were founded over a century ago as the vision of one of history's great philanthropists, Andrew Carnegie, to make a difference in the lives of teachers. Since then, we have helped millions at academic, medical, research and cultural organizations — the people whose work makes the world a better place—retire with financial security.
Today, we are a global asset manager with award-winning performance and more than $1 trillion in assets under management with holdings in more than 50 countries. Our investment model and long-term approach aim to benefit the 5 million people and more than 15,000 institutions we serve.
As we pursue powerful performance that drives better outcomes for our clients, we are committed to growing, innovating, continually improving, and building on our proud history of diversity and inclusion.
We are TIAA. Created to Serve. Built to Perform.
Company History
TIAA was the vision of the philanthropist Andrew Carnegie — and founded in 1918 through his Carnegie Corporation of New York and the Carnegie Foundation with the goal of supporting the financial well-being of college teachers through a pioneering system of annuities and low-cost life insurance.
Between 1940 and 1950, holders of TIAA annuities faced skyrocketing inflation that almost halved the purchasing power of their annuity checks. We studied the problem and came up with an innovative approach that added common stocks for retirement savings and income. In 1952 we introduced the world’s first variable annuity, now known as the CREF Stock Account.
TIAA was one of the first institutional investors to engage with portfolio companies on social responsibility issues, including automotive safety, pollution control, and apartheid policies in South Africa. We continue to champion responsible investing and strong corporate citizenship.
Beginning with a small portfolio of Japanese stocks in 1973, our international investment program has grown and flourished thanks to careful research and oversight. Today we are pioneers in global agricultural investment management.
TIAA has a longstanding commitment to diversity and inclusion. In 1987, Dr. Clifton R. Wharton, Jr. became Chairman and CEO of TIAA — distinguishing him as the first black CEO of a Fortune 500 company. We are proud of our continuing award-winning efforts to achieve a diverse workforce.
TIAA has paid over $394 billion in benefits to retired clients since 1918. Today we offer a full range of financial services to meet the needs of people in the academic, medical, governmental, research and cultural fields.
Notable Clients
Albert Einstein
Notable Accomplishments / Recognition
One of Diversity Inc’s Top 50 Companies for the fifth year in a row
One of 100 Best Companies for Working Mothers by Working Mother, 2011-2017
One of Top 10 Not-for-Profit Companies for Executive Women, National Association of Female Executives, 2017
100% rating on the Human Rights Campaign’s Corporate Equality Index
The Lipper Fund Awards 2013 - 2017 - 5 consecutive years
Benefits
Why You Should Work Here
TIAA supports the financial, personal and professional well-being of its employees with a competitive package of benefits.
Financial Benefits:
Our Total Rewards Program provides for employees with base salary, performance-based bonuses, retirement and investment vehicles, as well as health and living well benefits.
Employees are eligible for many of the components of this package from their first day of employment.
Financial Rewards:
Competitive Pay
TIAA-Funded Retirement Savings
Employee-Funded Retirement Savings
Life Insurance
Flexible Spending Accounts
Health and Wellness Rewards:
Medical Coverage
Dental Insurance
Retiree Healthcare Savings
Long-Term Care Insurance
Vision Care
Long- and Short-Term Disability
Employee Assistance Plan
On-site medical services in our Charlotte, Denver and New York offices
Fitness Reimbursement Programs
Health Advocates
Personal Benefits:
Paid Time Off (PTO)
Tuition Assistance
Adoption Assistance
Adoption, Maternity and Paternity Leaves
Flextime to balance work, family and other personal obligations
Discounted rates for in-home or center-based back-up care for a mildly ill child
Discounted rates for in-home back-up care providers of elderly or disabled adult family members when regular care is not available
Professional Benefits:
Growth and development of our employees is directly linked to the company’s overall success.
That’s why we foster an environment that encourages employees to leverage their talents and gain experience through various channels to further their careers.
TIAA managers provide career guidance to each team member and advocate for their progress. Employees are encouraged to discuss career plans openly so their manager can support their continued development.
TIAA offers employees the tools to help them succeed, including:
Exposure to a variety of on-the-job developmental opportunities
Career Portal – a career development resource center
Career Explorer – a career path tool
Mentoring and job shadowing
Employee resource groups and special events
Other Benefits:
Identity Theft Recovery Service: Support for handling all of the paperwork, negotiation and management needed to resolve identity theft issues
Corporate Athletic Program: TIAA supports up to six sports per site
Toastmasters: On-site and near-site access to this organization, which helps employees develop communication and leadership skills
Discount Program: Discounts and savings not available to the general public through corporate partnerships
Employee Giving Campaign: TIAA provides a corporate match to eligible nonprofit organizations