Nearing the top of the pay scale are IT Program Managers, Senior Business Analysts, Financial Advisors, and Relationship Managers; while the first receives the highest median pay at around $123K annually, the other salaries come in at about $91K, $90K, and approximately $85K, respectively. Financial Consultants make an average $56K, close to the bottom of the company pay scale.
Years of Experience
Respondents who have been working for five to nine years make $81K per year on average. Between the one and five year mark, median pay is $67K annually. Broken down by tenure, the largest share of TIAA-CREF employees (29 percent) have 10-19 years of experience and earn around $89K per year on average.
When it comes to location, the highest average paycheck (approximately $120K annually) can be spotted in Boston, Mass.; Iselin, N.J. ($112K), New York, N.Y. ($98K), and Charlotte, N.C. (about $84K) are the next top-paying cities. Dallas, Texas ranks low on the pay scale — at $66K, it is one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of $95K per year) in New York.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach approximately $120K annually and far exceed the paychecks of those without certification. Earning a Certified Financial Planner certification garners significant financial rewards of $91K per year on average. The highest-paying degree here is a law degree; TIAA-CREF awards around $180K to these degree-holders.
The highest-paying skill to have may be Strategic Planning; employees who claim proficiency also report a higher average salary of about $115K annually. A common skill in TIAA-CREF's work force is Project Management; just under a fifth of survey participants report using it on the job. Other skills in demand are Financial Analysis, Sales, and Microsoft Excel.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. Nearly all employees receive health insurance, and the vast majority of survey participants get dental coverage. TIAA-CREF folks also make good use of life insurance, tuition reimbursement, gym membership, and defined contribution (dc) retirement plan.