IT Program Managers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $125K per year — though Senior Business Analysts, Financial Advisors, and Relationship Managers also do fairly well at approximately $91K, $90K, and $85K, respectively. With salaries averaging about $52K, Investment Accountants are among the lowest paid at TIAA-CREF.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to around $83K annually. For those with one to four years of experience, median paychecks reach $66K per year. The largest fraction of TIAA-CREF people (29 percent) have been working for 10-19 years and earn about $90K annually on average.
When it comes to location, the highest average paycheck ($120K per year) can be spotted in Boston, Mass.; Iselin, N.J. (around $107K), New York, N.Y. ($102K), and Charlotte, N.C. (approximately $84K) are the next top-paying cities. Expected earnings are below average (around $66K) in Dallas, Texas, one of the lowest-paid cities. By state, Massachusetts offers the highest pay at $120K annually.
Certifications and Degrees
Project Management Professionals are compensated at a much higher rate than non-authorized workers, bringing in close to $121K per year. Certified Financial Planners also rank high on the pay scale, with expected average earnings of $91K annually. The highest-paying degree here is a law degree; TIAA-CREF awards about $180K to these degree-holders.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is approximately $105K per year. A common skill in TIAA-CREF's work force is Financial Analysis; about an eighth of survey participants report using it on the job. Microsoft Excel, Sales, and Financial Advisor round out the set of key employee skills.
Benefits and Perks
Quite a few retirement plans are on offer at TIAA-CREF, including a 401(k) plan and a company pension plan. The vast majority of survey participants receive health insurance, and almost all survey participants get dental coverage. Privileges also include life insurance, tuition reimbursement, gym membership, and a casual working environment.