450 Employee Reviews (View Most Recent)

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If you demonstrate your skills, you can advance quite quickly

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

I have been working at Fannie Mae

Pros

Extremely flexible work schedule (can arrange telecommute options with many managers), very intelligent workforce, open to new ideas and innovation, supportive management that is interested in promoting from within and cultivating career development

Cons

Upper management has too much of the government mentality and has difficulties in making decisions and choosing directions, decent amount of politics and infighting among upper management, uncertainty of what the future holds as the government discusses various options (although all are far out into the future)

Advice to ManagementAdvice

Upper management needs to begin treating the organization as a "for profit" entity and start driving initiatives as if they were in the real world. There isn't much of a sense of urgency to reform the organization.

Recommends
Disapproves of CEO

Other Reviews for Fannie Mae

  1.  

    Depends on the group you work with

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

    I have been working at Fannie Mae

    Pros

    Good salary, benefits , flexible work hours

    Cons

    Be ready for internal politics

    Advice to ManagementAdvice

    Management does not know who is cable of working and the people who are managers pet even if they do not know anything are saved during layoff.

    Recommends
    Disapproves of CEO
  2. 1 person found this helpful  

    It was a very good company to work for not anymore.

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

    I have been working at Fannie Mae

    Pros

    Very good pay and bonus. Very good leave and 401k match (8%). If you are in the correct group good work life balance and work flexibility. You can move within the company if you are on good terms with your manager.

    Cons

    Not good Mid level maangement.(Senior Manger and Directors). Due to high level of scrutiny by the regulating authority, there is so much red tape. The number of unnecessary documents that need to be produced is just rediculous and counter productive. There are atleast 3 auditors for every developer/tester, now imagine the number of risk assessments that are done for every release of an application.

    Advice to ManagementAdvice

    Cut out PQO, stream line the process. Please provide clear guidance about the future , outsouring all your work to managed services is not the kind of guidance employees are looking for. Put a bit more thought into the company's future.

    Disapproves of CEO
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