Navigating TIAA CREF Internship Requirements: A Comprehensive Guide
TIAA, a market-leading retirement company with over a century of experience, offers various internship programs designed to provide students with enriching work experiences and potential career opportunities. Understanding the requirements for these programs is crucial for prospective applicants. This article provides a detailed overview of the internship opportunities at TIAA CREF, focusing on eligibility, application procedures, program highlights, and key responsibilities.
Rotational Program Associate: Product and Business Development
The TIAA Product & Business Development Rotational Program is a two-year program designed to offer participants strategically aligned assignments and professional development opportunities. This program allows associates to experience many facets of the organization. The environment is fast-paced and challenging, providing ample growth opportunities.
Program Structure
Rotational Associates can expect to complete three 8-month rotational assignments within key areas of the Product and Business Development organizations. These areas include:
- Retirement Products
- Product Development & Innovation
- Business Strategy & Operations
- Business Development & Product Implementation
These rotations are designed to improve business acumen and build an understanding of TIAA's enterprise strategy. Rotation assignments are determined by a combination of business needs, the associate's skills and experience, and their desired career path.
Key Responsibilities and Duties
Associates in the Rotational Program are expected to:
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- Gain knowledge across various business functions of the Product and Business Development organization to help inform their career trajectory.
- Support a variety of projects by leveraging project management tools and processes to ensure seamless information flow across teams.
- Assist in preparing information and research materials by leveraging Microsoft Excel and PowerPoint.
- Complete required in-person, virtual, and on-demand training sessions.
- Collaborate with internal teams to help deliver on product or solution strategy.
- Conduct meetings with subject matter experts to understand product offerings, lifecycles, features, and benefits.
- Utilize academic knowledge, skills, and experience to apply tactics and strategies to solve real business challenges.
Educational and Work Experience Requirements
- Educational Requirements: A Bachelor's Degree is required.
- Work Experience: No prior experience is required.
- Career Level: 5IC
Rotational Assignments Breakdown
Each rotation lasts for eight months and focuses on different aspects of product and business development:
Rotation 1:
- Retirement Products: Support product management activities for TIAA’s retirement products and solutions, including TIAA Traditional, Secure Income Account, GFA, TIAA Stable Value, CREF, Real Estate Account, Individual Retirement Accounts, RetirePlus, In-plan Managed Accounts (Retirement Plan Portfolio Manager (RPPM) and Advisor Managed Accounts (AMA)), as well as maintaining TIAA’s enterprise National Accounts with over 450 fund providers.
- Product Development & Innovation: Support new product development, innovation, and incubation for the organization's product and business development teams.
- Business Strategy & Operations: Support the business strategy and planning process to build and develop capabilities, driving execution discipline and operational effectiveness to deliver on the enterprise strategy.
- Business Development: Support the development of strategic partnerships and related business opportunities in the Corporate Retirement market for TIAA, in addition to supporting third-party implementation efforts.
Rotation 2:
- Retirement Products: (Same as Rotation 1)
- Product Development & Innovation: (Same as Rotation 1)
- Business Strategy & Operations: (Same as Rotation 1)
- Business Development: (Same as Rotation 1)
Rotation 3:
- Retirement Products: (Same as Rotation 1)
- Product Development & Innovation: (Same as Rotation 1)
- Business Strategy & Operations: (Same as Rotation 1)
- Business Development: (Same as Rotation 1)
Preferred Qualifications and Desired Skills
- Participation in TIAA’s Summer Associate Internship Program.
- Background in financial services.
- Analytical Thinking
- Research
- Proficiency in Microsoft Apps (Excel, PowerPoint, Word, SharePoint)
- Project Management
- Problem Solving
- Written & Verbal Communication
- Data Analysis (SQL, Python, Tableau)
Additional Requirements
- Must have graduated with a Bachelor's degree or higher prior to the program's start date.
Related Skills
Candidates should also possess skills such as:
- Accountability
- Adaptability
- Business Acumen
- Collaboration
- Communication
- Consultative Communication
- Data Analysis
- Influence
- Market/Industry Dynamics
- Problem Solving
- Relationship Management
Technology Summer Intern Program
TIAA’s Technology Summer Intern Program is an opportunity for college students to supplement their academic preparation with a challenging work experience. Successful completion of the internship can lead to a full-time career opportunity at TIAA upon graduation.
Program Highlights
As part of the Client Services & Technology Summer Intern Program, participants will have the opportunity to experience:
- Ten weeks of meaningful and strategic work as part of the CS&T Organization.
- Unique networking opportunities with senior leaders from CS&T and across TIAA.
- Ongoing personal and professional development opportunities.
- Opportunities to interact with interns from across TIAA and current members of the full-time entry-level CS&T Technical Associate Program.
Key Responsibilities and Duties
The program offers opportunities to work within exciting new technology areas, including:
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- Mobile development (Android & iOS)
- Python
- Java & .NET development
- Cloud computing
- Big Data
- Tableau
- Oracle
- Hadoop
- AngularJS
The CS&T Technical Summer Internship Program offers the opportunity to join one of four distinct TRACKS:
- Application Development (Development, Quality Assurance, User Experience)
- Data (Data Analytics and Engineering)
- Process / Operations / Cybersecurity
- IDEA (Infrastructure & Engineering)
Qualifications
Required Skills:
- Currently in pursuit of a Bachelor's or Master's degree in Computer Science, Information Technology, Mathematics, Data Analytics, Data Science, Cyber-Security, Engineering.
- Rising senior (current junior) or first-year graduate-level student.
- Advanced knowledge of Microsoft Office products (2+ years academic or work experience with PowerPoint, Word, Excel, and Outlook).
- Extracurricular program participation in major-related areas.
- Overall GPA of 3.0 or better.
Desired Skills:
- Excellent problem-solving/analytical skills.
- Excellent communication skills.
- Proven ability to prioritize tasks and deliver on commitments.
- Proven leadership skills.
Visa Sponsorship
TIAA does not sponsor visas for entry-level/internship positions and, due to program format, will not hire individuals whose work eligibility is based on an F-1 or other student visa status, including students who receive a STEM OPT extension.
TIAA-CREF Actuarial Scholars Program
The TIAA-CREF Actuarial Scholars Program is a combination tuition award and mandatory summer internship awarded to promising UNC Charlotte students intending to pursue a career in the Actuarial Profession.
Eligibility
- Eligible students shall provide a current resume.
- Provide a recent transcript.
- Provide two letters of reference from University Faculty Members.
- Provide any additional supporting letters from other individuals as desired.
- Provide a statement of purpose.
- Provide a letter of interest.
Good Standing
Scholars must remain in Good Standing, both academically and in terms of student discipline. Failure by an Intern to remain in Good Standing will result in forfeiture of the remainder of the Award. If the forfeiture occurs in the middle of a semester, the Intern will be required to return a pro-rated portion of the tuition award from that semester.
Internship Award
During the first summer following the start of the award, the Intern will receive a Stipend of four thousand dollars ($4000), subject to the standard deductions for taxes, FICA, etc., in exchange for an internship at the Charlotte campus of TIAA-CREF. This Stipend is based on a salary of ten dollars ($10) per hour for a forty (40) hour week for ten (10) consecutive weeks running from the last week of May until mid-August.
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The Award may be renewed for a subsequent year if the Intern remains in Good Standing. The Award shall not exceed either one summer stipend or four (4) semesters.
General Information About TIAA
Company Overview
TIAA has been delivering secure retirements for millions of people for over a century. Founded to help educators retire with dignity, TIAA is a market-leading retirement company fueled by world-class asset management.
Culture of Impact
TIAA aims to build on its legacy while evolving to meet future challenges. The company equips its associates with future-focused skills and AI tools, fostering a collaborative in-office environment where teams work across organizational boundaries with shared purpose. TIAA's values include:
- Champion Our People
- Be Client Obsessed
- Lead with Integrity
- Own It
- Win As One
Benefits and Total Rewards
TIAA offers a comprehensive Total Rewards package designed to make a positive difference in the lives of its associates and their loved ones. Benefits include a superior retirement program and competitive health, wellness, and work-life offerings.
Equal Opportunity
TIAA is an Equal Opportunity Employer, dedicated to maintaining a work environment free of bias, harassment, discrimination, and retaliation.
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