Freddie Mac Reviews

Updated September 24, 2014
Updated September 24, 2014
353 Reviews
3.3
353 Reviews
Rating Trends

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Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
94 Ratings

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 58 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 23 reviews)

More Highlights

104 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    big shop but relatively slow pace

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac as a contractor for more than 3 years

    Pros

    Location, length of contract, flexible hours when required

    Cons

    2 yr limit on contracts

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Consultant  in  McLean, VA
    Former Employee - IT Consultant in McLean, VA

    I worked at Freddie Mac as a contractor for less than a year

    Pros

    The staff is cooperative and reasonable. They help the new comers in dealing with the process.

    Cons

    Too many controls and procedures. For small change and to implement. Run too many hoops

    Advice to ManagementAdvice

    Cut the procedures and become more agile.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    very comfortable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Auditor  in  McLean, VA
    Current Employee - Senior Auditor in McLean, VA

    I have been working at Freddie Mac full-time for more than 3 years

    Pros

    flexiable work arrangement, well ness center, gym, good hours

    Cons

    hard upward movment, no profit sharing, government owned.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great company to work for with career opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Accountant  in  Jersey City, NJ
    Current Employee - Senior Accountant in Jersey City, NJ

    I have been working at Freddie Mac full-time for more than 5 years

    Pros

    Well balance Work life for all

    Cons

    Will have to travel Over 75 percent of the time

    Advice to ManagementAdvice

    My manager was great to work for

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great starter company for career in financial services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst  in  McLean, VA
    Former Employee - Financial Analyst in McLean, VA

    I worked at Freddie Mac full-time for more than 5 years

    Pros

    -Large company
    -Great benefits
    -Exposure to capital markets

    Cons

    -Declining moral and energy
    -Uncertain future
    -Departing talent

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great company with great benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  McLean, VA
    Current Employee - Project Manager in McLean, VA

    I have been working at Freddie Mac full-time for more than 5 years

    Pros

    Work/life balance, salary, people, culture

    Cons

    A lot of organizational change

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Positive work environment which builds strong bonds with team and management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Settlement Specialist  in  McLean, VA
    Former Employee - Settlement Specialist in McLean, VA

    I worked at Freddie Mac full-time for more than 3 years

    Pros

    Teleworking available for most positions, work independently (not micro managed), management offers support and welcomes feedback

    Cons

    Pay structure due to conservatorship is harsh by industry standards. Could mean a pay decrease but the benefits may outweigh the cut (telework options / work life balance)

    Advice to ManagementAdvice

    In order to retain strong professionals and reduce turnover, more recognition and non monetary perks.

    Recommends
    Positive Outlook
  9.  

    Steady Freddie - not so much any longer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Initiatives Director  in  McLean, VA
    Current Employee - Business Initiatives Director in McLean, VA

    I have been working at Freddie Mac full-time for more than 3 years

    Pros

    Great benefits but work-life balance depends on the area you work in. If you are a technology and/or financial professional you will find a challenging and stimulating work environment. A lot of capable and smart people.

    Cons

    Recently a lot of staff with key business knowledge have left the company (or been handed packages). Too many and frequent reorgs. Oh yeah, and a politically threatened future.

    Advice to ManagementAdvice

    Figure out the organizational structure and stick to it for some time; stop the constant reorgs.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Was there for the worst of times, but enjoyed it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Freddie Mac

    Pros

    I learned more during my time at Freddie than anywhere I've worked before or since, but I do attribute this to a particularly strong group of managers who ran our shop just like a bank. If you find the right people to work for, don't be afraid of the uncertainty at Freddie Mac. Despite the bumpy road, there are few places where you can have the same level of responsibility that a high performer at Freddie Mac should have in short order.

    Cons

    Since I was there when Hank Paulson kicked the door down, it was a bit nerve racking, and by all accounts uncertainty is the new norm.

    Recommends
    No opinion of CEO
  11.  

    Helped client by using a phone support or desk-side all week.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative  in  Vienna, VA
    Former Employee - Customer Service Representative in Vienna, VA

    I worked at Freddie Mac full-time for more than a year

    Pros

    Good company to work for and learn and exchange ideas.

    Cons

    Need to upgrade to newer Network, Lotus Notes is an old e-mail system

    Advice to ManagementAdvice

    To talk to the employees on individual basis.

    Recommends
    Positive Outlook
    Approves of CEO

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