Freddie Mac

  www.freddiemac.com
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Freddie Mac Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

3.1 337 reviews

77% Approve of the CEO

Freddie Mac CEO Donald H. Layton

Donald H. Layton

(83 ratings)

52% of employees recommend this company to a friend

Review Highlights

Pros
  • Freddie Mac is a good place for someone who is seeking good work-life balance(in 54 reviews)

  • Great benefits but work-life balance depends on the area you work in(in 30 reviews)


Cons
  • Company is currently under conservatorship and company future is uncertain(in 12 reviews)

  • Senior management is always changing and the room for growth seems to be diminishing(in 22 reviews)

65 Employee Reviews Back to all reviews
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    Freddie Mac Experience

    Anonymous Employee (Former Employee) McLean, VA

    ProsFreddie Mac Pays fairly well.

    ConsDecisions are made by consensus, which could be utterly political and may not be the right thing nor the technically sound.

    Advice to Senior ManagementIntegrity is needed at all levels. We encourage the behaviors we reward. Technical decisions can not made by consensus, solutions should be tailored to Freddie Mac not industry best products; the best or most expensive clothing may not be suitable for the moon nor even the desert.

    Yes, I would recommend this company to a friend

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    • Disapproves of CEO

    2 people found this helpful  

    Frequent change

    Anonymous Employee (Current Employee)

    ProsPeople are great to work with. Good location. If you are a self starter, proactive and a hard worker you will learn alot & will have alot of career options.

    ConsAt this point in time, there is very little 'work life balance'. If that's what you are looking for right now, this is not the place for you....high stress.

    Advice to Senior ManagementSenior management is viewed as 'uncaring' and is not engaged or aware of worloads. The expectation is staff will do what it takes to get the job done, regardless of how 'burned out' the employee or team is.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Good place to work ....Not a great to grow and learn.

    Anonymous Employee (Current Employee)

    ProsWork Life Balance
    Stability
    Training Opportunities
    Efforts of executive management towards establishing winning culture

    ConsCompensation
    Red Tape
    Directors are biggest bottlenecks and are lot of the new ones are hired based on their past titles rather than the skill required for the job

    Advice to Senior ManagementCannot make culture change when there senior management (directors and officers) are not ready to adapt to it and they are the ones who like spoon-feeding, preferential treatment etc

    No, I would not recommend this company to a friend

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    • Culture & Values
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    • No Opinion of CEO

    1 person found this helpful  

    Overloaded

    Director (Former Employee) McLean, VA

    ProsGreat training opportunities
    Great community support
    Nice employees
    Smart employees
    Good career opportunities

    ConsMiddle management is completely overloaded
    Culture in transition from what it was in its hay day to a mad dash for results with minimal planning.
    Leadership views employees as incompetent because they can't meet the unrealistic expectations.
    4 reorganizations in the 6 months I worked there. 3 more in the 5 months since I left.
    Lots of layoffs occurring which creates unstable employment environment.

    Advice to Senior ManagementPush hard for results ... it is required; however, establish realistic expectations. Check in on your middle management to see how they are. Care about them and help them manage their stress. You need them to be engaged.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Interesting

    Team Lead (Former Employee) McLean, VA

    ProsGood amount of vacation weeks available.

    ConsManagement who are poor with managing people and in management positions despite not having knowledge or understanding of the job of their staff.

    No, I would not recommend this company to a friend

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    FP&A

    Director (Current Employee) McLean, VA

    ProsLight Workload with opportunity to learn other skills.

    ConsNo advancement opportunities and low morale. Congress wants to wind down the firm so future does not look good.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Systems Analyst

    Systems Analyst (Former Employee) McLean, VA

    ProsWork from home policy is a plus, easy to change positions and get new experience.

    ConsHorrible pay, most projects wasted a lot of money due to red tape and poor planning.

    Advice to Senior ManagementFocus on streamline processes instead of putting necessary processes in place that cost too much money and waste time. .

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Disapproves of CEO

    2 people found this helpful  

    Useless work

    Director (Former Employee) McLean, VA

    ProsThe pay is pretty good compared to other non financial company.

    ConsThe work is meaningless. There are a lot of control departments such as internal audit to check oversight department and oversight department checks model department and external auditor such as PWC to check every department in the company. What a joke!

    Advice to Senior ManagementThis place is hopeless. Most of the executive officers are out for money not trying to do the right thing anyway.

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    • Disapproves of CEO

     

    The work pollitics mirror congressional politics

    Director (Current Employee)

    ProsGreat locations
    Attractive benefits
    Some super smart people

    ConsThe office politics are usuall zero-sum. People don't get paid a lot so power is about who controls the biggest parts of the business
    The mix of super smart people with mediocre management can be frustrating
    Good ideas die in a field of buracracy where managers seem to get paid to say no.

    Advice to Senior ManagementPerfect is the enemy of good. Consider trying good ideas and adjusting instead of killing good ideas because they're not perfect.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

     

    It is a Job

    Business Analyst (Current Employee) McLean, VA

    ProsWork Life Balance, Benefits and On-line Training Opportunities.

    ConsCurrent seasoned employees are not receptive to change, new employees into the group and are very set in there ways. There is no formal on-boarding within group therefore no consistency. You have to play the political games in order to be successful.

    No, I would not recommend this company to a friend

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