When it comes to location, the highest average paycheck (approximately $138K annually) can be spotted in Boston, Mass.; New York, N.Y. (around $99K), Chicago, Ill. (about $95K), and Charlotte, N.C. ($83K) are the next top-paying cities. On the lower end is Dallas, Texas at $56K. By state, the highest pay levels are found in Massachusetts, where the average TIAA-CREF employee makes $138K per year.
Nearing the top of the pay scale are IT Program Managers, Senior Business Analysts, Financial Advisors, and Financial Planners; while the first receives the highest median pay at about $122K annually, the other salaries come in at approximately $91K, $90K, and around $80K, respectively. With salaries averaging $51K, Investment Accountants are among the lowest paid at TIAA-CREF.
Years of Experience
Survey participants who have worked at TIAA-CREF for between five and 10 years earn $82K per year on average. Workers who have been with the company for more than one year but less than five can make approximately $67K annually on average. Overall, the greater share of TIAA-CREF folks have 10-19 years of experience and earn an average about $91K per year.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach $120K annually and far exceed the paychecks of those without certification. Becoming a Certified Financial Planner can certainly pay off here; those folks make around $89K on average. TIAA-CREF compensates law degree-holders the most at $180K per year.
In this role, the best-paying skill appears to be Strategic Project Management; individuals who claim it among their capabilities enjoy a higher median salary of $122K annually. Project Management also popped up often in the survey as an important skill; just under one in four of employees surveyed report using it at work. Financial Analysis, Financial Advisor, and Customer Relationship Management are also desirable skills.
Benefits and Perks
Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. TIAA-CREF provides health insurance to nearly all respondents, and nearly all workers do receive dental coverage. TIAA-CREF also dishes out privileges such as tuition reimbursement, gym membership, a casual working environment, and life insurance.