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Used to be a great place to work

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

I worked at Fannie Mae

Approves of CEO
Approves of CEO

Pros

Solid company with great benefits, although I hear things are changing now.

Cons

Bureaucratic Promotions are not transparent Emphasis moved away from innovative strategies to just putting out the fire. Company has been penalized for the faults of few top executives

Advice to Management

None

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  1. Helpful (4)

    Great compensation package, but not good for technical career advancement.

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

    I have been working at Fannie Mae

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Great benefits - there are no other local companies that can give you as much compensations with these benefits. You get an "forgivable" loan towards your first house which reduces in principal with every year of service, 25% each year. You get a month of paternity leave which you can use all at once or spread it over the year (e.g. take every Friday off). Flexible hours, work from home, but limited.

    Cons

    A lot of politics, the teams are very bulky - managers are just looking for "head counts". Too many meetings. Most people will tell you that consultants do most of the work, but there are a few great employees that always put in twice as much work than others. Fannie Mae doesn't believe in firing people - you can do no work for years, but as long as you don't break any rules (porn) then its next to impossible to get fired. This is good for lazy people, but bad for most people looking for advancement in career -- especially since most management believe that head count is better than quality or productive people.

    Advice to Management

    Make people accountable (really!) Demote managers that don't do anything. Try to get more subjective reviews of the team and put in place a fair guide to make everyone accountable. Give more emphasis to technology; get rid of all your contractor vendors - most of them don't give you quality people (in fact, I know of people forging resumes and cheating on interviews with help of the vendor!). Instead cut down number of contractors. Most of those vendors don't give a damn about their consultants, they only care about getting the margin! Take a good look at the vendor management department while you're at it. Get real on technical interviews, and hire more specialized recruiters. Lastly, biggest mistake - reorganize people solely by PROJECT. Get rid of WASSUP/FAST/ORACLE specific teams - or at least remove their power. These teams should be working for the project not mandating how the projects should fit in their model, instead give the project individual responsibilities about designing maintaining and delivering applications - use these teams just to do support work through instructions given by the project.


  2. account

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time (More than a year)

    Pros

    best place to work specially for accountant and fresh graduates

    Cons

    lots of work to be done but if you are hard work ,its very to go through just put your mind ii it.

    Advice to Management

    in prove in


There are newer employer reviews for Fannie Mae
There are newer employer reviews for Fannie Mae

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