There are newer employer reviews for Fannie Mae

Good place to work for....

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee in Washington, DC
Current Employee - Anonymous Employee in Washington, DC

I have been working at Fannie Mae

Pros

Work with smart people, heavy emphasis on training, GREAT management

Cons

No promotion within the firm.

Advice to ManagementAdvice

None

Recommends
Approves of CEO
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  1. 4 people found this helpful

    Horrific and retrograde work environment, this is the WalMart of the technology world, place of last resort.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Software Engineer in Herndon, VA
    Former Employee - Senior Software Engineer in Herndon, VA

    I worked at Fannie Mae

    Pros

    Dedicated and knowledgeable colleagues.
    Cutting edge technology used in some groups.
    Excellent compensation and benefits overall.
    Excellent software products for the niche secondary mortgage industry.
    Fannie still makes a difference in the nation's secondary mortgage industry, despite the Conservator-ship.

    Cons

    Highly politicized and stressful work culture, brutally long hours expected from individual contributors.
    Many technologists burnt out, clinically depressed and heavily medicated - unstable behavior patterns in many teams.
    Top down management style about three decades too late - most top management are politically connected Washington fat cats with cynical and manipulative attitudes, but huge paychecks.
    Fosters a "kiss up and kick down" environment, where middle management is constantly trying to do the (often mindless) bidding of their executives, most middle management completely ignorant & redundant.
    Constant & unnecessary meetings, leading to countless consultant hours wasted on providing status reports.
    HR could care less about the well being of employees unless you are senior management, it's all about toeing the line from the top - it's a miracle that they aren't swimming in Lawsuits.
    Note to prospective employees - work here only if desperate to pay the bills, this is a place of last resort. Note to prospective employers - don't hire a Fannie old timer, you will most likely get a do nothing political animal.

    Advice to ManagementAdvice

    Clean up house big time, get rid of 95% of middle management and you won't even notice the difference. And listen to the employees who actually do the hard work of building your systems.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful

    Good mission; unbearable corporate culture that rewards based on favoritism.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager in Washington, DC
    Current Employee - Project Manager in Washington, DC

    I have been working at Fannie Mae

    Pros

    Excellent benefits and compensation. Love the mission and what the company stands for. Excellent place for work-life balance. Great opportunity to learn.

    Cons

    Extremely political company - it's all about how long you have worked at Fannie Mae and whether Senior Level Management likes you. I would not recommend this as a place to work. There is so much waste - yet - so such could be done better and more efficiently. It is like going back 20 years in terms of how things are managed. Managers tend to do little within their own team to promote an environment of team work and commaraderie; they tend to be out for themselves. I've never worked in a culture like this - it's a depressing place to be every day.

    Advice to ManagementAdvice

    Fix the company, pay attention to the rank and file. And - start observing your "managers" in action. It will explain the low morale that exists at the company.

    Doesn't Recommend
    No opinion of CEO
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