There are newer employer reviews for Fannie Mae

Helpful (3)

No room for growth, favoritism culture dominates

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

I have been working at Fannie Mae full-time (more than 8 years)

Recommends
Neutral Outlook
No opinion of CEO
Recommends
Neutral Outlook
No opinion of CEO

Pros

Competitive salary, training, good benefits

Cons

Favoritism culture by upper management in promotions is wide spread; people with least experience are selected for managing other people. Annual assessments are performed confidential; management does not tell you the reason behind their performance assessment due to a confidentiality clause to protect managers; this leaves the door open for retaliation and unfair reviews by managers.
Employee wellness has little weight for managers; I was told by a manager that a manager should just support his supers and not to worry about his employees because either employees are good and know how to do their jobs and if they are not, then...
Employee retention is not a concern for the company; they are pushing experienced employees out the door and are replacing them with inexperienced ones with lower pay. Recruitment is done by people who are not expert in the field for specific position

Advice to Management

Care about employees first and then your superiors, be fair and do not promote culture of favoritism.
Share the wealth; company generated 84B last year and employees received a cup cake as token of appreciation.
Executives; ask employees to perform anonymous survey on their managers and directors twice the year to ensure employees are heard too.

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  1. Helpful (1)

    Avoid if you like change - used to be a great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Technology in Reston, VA
    Former Employee - Director, Technology in Reston, VA

    I worked at Fannie Mae full-time (more than 10 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Fantastic employees who are willing to make incredible sacrifices for the company, hours, weekend, work-lie balance. They are a "do what it take" group.

    Cons

    Technology organization has lost its way. Outsourcing important work to vendors with very junior resources. Change is bad to senior management - technology used to be empowered to provide value to the business. Senior management has erected so many barriers to deployments that it makes months to deploy simple changes to the production environment.

  2. A company going through turmoil

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analysis Manager in Washington, DC
    Former Employee - Business Analysis Manager in Washington, DC

    I worked at Fannie Mae full-time (more than 8 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Interesting work and great benefits. Good opportunities to develop skills and get training,

    Cons

    Senior management does not make tough decisions and instead puts off making difficult decisions out of fear of making mistakes, which effectively paralyzes the company from making important changes. Not a lot of rhyme or reason for why some folks get promoted versus others who do not (to get promoted more important who you know and who can elevate you, rather than the caliber of your work).

    Advice to Management

    Fewer layoffs and re-train existing personnel rather than keep bringing in new staff. Make the bold decisions to transform the company and worry less about protecting fiefdoms.

There are newer employer reviews for Fannie Mae

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