Freddie Mac

  www.freddiemac.com
  www.freddiemac.com
There are newer employer reviews for Freddie Mac

1 person found this helpful  

CEOs come and go!!

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

I worked at Freddie Mac full-time (more than 10 years)

Pros

Good pay, but have to be lucky to work in a department that has reasonable hours.
The benefits are okay, although it has been reduced in the last year or so.
Have many employees that have a lot of experience and knowledge about the industry and the legacy systems.
Mostly good people that work well with others.

Cons

Too many changes in the top management. Each CEO brings his own style of management and they all want to reorganize the divisions/departments because they claim to understand things better than the previous administration!!
The latest CEO seems to suggest that there are a lot of underperformers in the company, so there is a push for management to be tougher on their staff. Good managers play it fair and push back some, but many feel powerless and do what they are asked to do regardless if it is the right thing to do or not!! Sorry, but CEOs come and go, but the effect they have on the company and the employees can last several years. The company hires experienced executives and managers, but in some cases they are not good leaders because they can't manage people well!!

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

369 Other Employee Reviews for Freddie Mac (View Most Recent)

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  1.  

    Management brings its helicopter parent pathology to the workplace. Expect micromanagement and little authority.

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

    I have been working at Freddie Mac full-time (more than an year)

    Pros

    Employees are smart, nice and now the mortgage market and industry. The company provides a good work/life balance and allows remote working. Take advantage of the numerous training opportunities - it's a great company to learn your skills before going in the private sector.

    Cons

    Consensus driven decision making and bureaucracy make for a frustrating work environment. Uncertainty regarding the companies future, numerous reorganizations and strategy shifts results in poor employee morale. Prepare to be micromanaged by frustrated empty nested parents.

    Advice to ManagementAdvice

    Stop the endless meetings. Stop talking and empower the employees to act. Work to transform the passive aggressive culture to more open and positive work environment.

    Doesn't Recommend
    Negative Outlook
  2. 2 people found this helpful  

    Frustrating

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

    I worked at Freddie Mac as a contractor (more than an year)

    Pros

    Loads of opportunities if you are looking to make a difference.

    Cons

    Organization volatility has created a culture focused on political survival rather than performance.

    Advice to ManagementAdvice

    You have the talent, just listen....

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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