Fannie Mae Reviews

Current Employee – been working at Fannie Mae full-time for more than 8 years

Pros – Exposure to some of the most complex projects and thereby rewarding experiences within the DC financial area.

Cons – Overly political environment within the company culture to the point of being toxic

Advice to Senior Management – cut out the bureaucracy and politics

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Fannie Mae as a contractor for less than a year

Pros – Contractors are treated with respect (there is a division between FTE & Contractor but its only in terms of information sharing on corporate activities), flexibility in work hours, overall good people to work with (pretty much everyone cares), work-life balance

Cons – Over governance of the environment, too many disparate tools used to automate governance (creates additional workload), expect a project to take 2 to 3 times longer to execute, everything is governed at the same level (creating undue burden... a project that should have taken 6 weeks took 5 months from beginning to end), exceptionally difficult to get approved for overtime as a contractor, politics (like any organization) do impact projects

Advice to Senior Management – right size governance so one size does not fit all.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Fannie Mae

Pros – Good benefits, Pays well, Location

Cons – Very political, long hours, Confused leadership

Current Employee – been working at Fannie Mae full-time

Pros – Very flexible schedule and great management staff to work for.

Cons – Can' really say any negative about this place.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Fannie Mae full-time

Pros – great work life balance
solid benefits
interesting work
team "all in" environment keeps employees connected

Cons – IT problems are a huge pain in the neck
very competitive peer evaluation process (might be a pro for some people)
lots of political uncertainty regarding the future of the company

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Fannie Mae

Pros – opportunities, good salary, flexible work schedules

Cons – layers of management, risk averse

Former Employee – worked at Fannie Mae full-time for more than 7 years

Pros – Team members were wonderful to work with.
Compensation and benefits were good for my job function

Cons – Nepotism in upper management
Sense of disconnection from the larger goal of the company when working in the more detailed departments

Advice to Senior Management – Reward the loyalty and hard work of the people that have stayed with Fannie, especially through the hard times. You're losing quality employees to the "good old boy" mentality.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Fannie Mae full-time

Pros – benefits, benefits, benefits, benefits, service opportunities

Cons – Managers are allowed to demean, ridicule and scream at employees. This is common knowledge and widely accepted.

Advice to Senior Management – There is a culture of awful middle management. The behaviors are widely accepted. Please let it be known that people are a resource and deserve respect and there will be consequences for treating us worker bees poorly. Thank you.

No, I would not recommend this company to a friend

Former Employee – worked at Fannie Mae full-time for less than a year

Pros – High-ish compensation, good location in DC, generally good benefits, 9-5 work culture (a pro for some people).

Cons – 9-5 work culture, not a lot of employee buy-in, layoffs killed morale, zero opportunity for advancement as a young employee, bad leadership, unresponsive HR.

Advice to Senior Management – somehow make people care again, the morale is depressingly low

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at Fannie Mae full-time

Pros – Most individual contributors are smart people who care about their jobs and the mission of the company.

Cons – Senior management said it values new ideas, but the truth was very different. Those who got good reviews and promotions are usually the people who had best learned to imitate their bosses. Individual thinkers were most often punished for not conforming to the party line. Fear and bullying were used to keep employees in check, rather than collaborative management styles.

Advice to Senior Management – Be honest about what kind of culture you want, and brave enough to implement that culture from the top down consistently. If you want command-and-control leadership then say so. Don't say you want collaboration and new ideas and then punish those who bring them to you.

No, I would not recommend this company to a friend