Fannie Mae

  www.fanniemae.com
  www.fanniemae.com
There are newer employer reviews for Fannie Mae

2 people found this helpful  

The Honest Truth

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Resource Center Customer Support Specialist I in Washington, DC
Current Employee - Resource Center Customer Support Specialist I in Washington, DC

I have been working at Fannie Mae full-time (more than an year)

Pros

Benefits and "decent" compensation. Decent work life balance. Good "foot in the door" job but most of the time can only transition if you know someone.

Cons

Too much favoritism, they hire who they want over qualifications (their own referrals), no room for growth. Continuously adding to job description with no change in compensation.

Advice to ManagementAdvice

Value your employees, stand up to YOUR upper management and just don't agree with everything thrown at you. Consider the job we handle (for this position) and know it can be stressful and affect your life outside of work. Have more room for growth and allow for training/career development to broaden your knowledge outside of the regular scope of work. Have better compensation considering the cost of living in dc/md/va and job stress. The retention rate is very low in this department mainly due to management. Hire based on qualifications and work ethic! Great company, sorry department.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

483 Other Employee Reviews for Fannie Mae (View Most Recent)

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  1. 1 person found this helpful  

    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)

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    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)

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Fannie Mae

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