Fannie Mae

  www.fanniemae.com
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Fannie Mae Reviews

Updated Jul 19, 2014
All Employees Current Employees Only

3.0 419 reviews

73% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(96 ratings)

46% of employees recommend this company to a friend

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance(in 71 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market(in 36 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business(in 16 reviews)

  • Petty management, lots of rot in middle management, corporate culture still very old-school(in 11 reviews)

419 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great work life balance for those not looking to work long hours in the financial services industry

    Anonymous Employee (Current Employee)

    ProsGood work life a balance and decent benefits

    ConsLots of regulatory oversight. Some groups can be long hours

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Success is dependent on favoritism and connections, not skills and capabilities

    Project Manager (Current Employee) Washington, DC

    ProsGood work/life balance and salary. Not required to work every weekend.

    ConsLong-term prospects of firm are uncertain with all the potential regulatory changes to dissolve it.
    Company values are in the toilet as HR and Legal turn a blind eye to unethical practices in hiring, firing, promotions and demotions. The firm is not held to corporate nor government personnel standards.

    Advice to Senior ManagementClean up the 'old boys network' corporate culture and ensure that people are placed in jobs in which they have actual job qualifications and experience. Stop the kickbacks to senior executives for hiring contractors.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    The Honest Truth

    Resource Center Customer Support Specialist I (Current Employee) Washington, DC

    ProsBenefits 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.

    ConsToo 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 Senior ManagementValue 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.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

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

    Director, Technology (Former Employee) Reston, VA

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

    ConsTechnology 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.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    2 people found this helpful  

    No room for growth, favoritism culture dominates

    Project Manager (Current Employee) Washington, DC

    ProsCompetitive salary, training, good benefits

    ConsFavoritism 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 Senior ManagementCare 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.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Disapproves of CEO

     

    A company going through turmoil

    Business Analysis Manager (Former Employee) Washington, DC

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

    ConsSenior 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 Senior ManagementFewer 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.

    No, I would not recommend this company to a friend

    • Culture & Values
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    Good

    Business Analyst (Current Employee) Washington, DC

    ProsGood as you get along

    Consno need to be conservative

    Advice to Senior ManagementNeeds to be more responsive

     

    Just Ok

    Anonymous Employee (Current Employee)

    ProsSalary is good. Work life balance is good.

    ConsCompany culture is so stiff. Long time before promotion. Politics.

    Advice to Senior ManagementWe should work from home more.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great Salary and Benefits

    Anonymous Employee (Former Employee) Washington, DC

    ProsFannie Mae provides an excellent salary and benefits package. Flexible schedules, and liberal telecommuting options. Generous home purchase, and education assistance package.

    ConsOpportunities for advancement are largely related to the team that you are on, and who you know. Frequent layoffs have adversely affected morale.

    Advice to Senior ManagementGet back in touch with the organization's mission statement. Remind staff to focus on how their job duties contribute to the overall success of the company..

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    Its either really good or really bad.

    Network Administrator (Former Employee) Reston, VA

    ProsThere is a lot going on and if you are there to grind and get work done you will be rewarded accordingly. If you are on the business side of Fannie Mae you are going to go far in your career even after Fannie Mae ceases to exist. You will get first hand experience and insider knowledge of how the future of the mortgage industry will be structured and function.

    ConsAll the good things depend on what group you are under and what manager you have. If you are on the IT side of Fannie Mae you are one day not going to have the job you have now. IT is completely being outsourced to companies like IBM and other entities.

    There are some hard to deal with management there that will not change their ways and they will get rid of you if you get on their bad side. A lot of corporate politics. Its all about whose good side you are on and if your are marketing your self well within the company. You cant just do good work and think everyone will notice.

    Advice to Senior ManagementDo not force people to do jobs or stay in positions they are obviously not happy doing. More flexibility to move around within.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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