Fannie Mae Reviews

Updated July 2, 2015
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533 Employee Reviews

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  1. Mixed Experiences

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time

    Pros

    Stable company that is needed in the marketplace so there will likely be near term job security until Congress decided future status of industry.

    Cons

    There was a mass exodus of talent several years ago. There are still some very good people at the company but there are others who are just looking to hang on and not push for innovative ways to improve work.

    Advice to Management

    Try to recruit and retain motivated people who will help improve how the company operates for the short and long term.


  2. Senior Solutions Architect

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

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work-life balance when the project is right.

    Cons

    Slow to implement technology in some areas. Reckless in others.


  3. Consulting

    Current Employee - Senior Business Analyst - Consultant in Washington, DC
    Current Employee - Senior Business Analyst - Consultant in Washington, DC

    I have been working at Fannie Mae (More than a year)

    Pros

    It's an okay company to work for

    Cons

    Same as all companies to work for


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  5. Helpful (1)

    Project Manager

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Lots of Paid Time Off and Holiday Vacation, limited job oversight, extensive training and a very diverse workforce. Located centrally in Washington DC.

    Cons

    Too inconvenient to commute further than immediately outside the city limits. Management provides long and often unnecessary training activities and they are currently undergoing a rapid downsizing effort to fit into the new offices in DC.

    Advice to Management

    Stop with the 80 hour requirement for training and listen to your employees when they say they need training for areas specific to their daily jobs.


  6. Production DBA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Contractor/Production Database Administrator in Chantilly, VA
    Current Employee - Contractor/Production Database Administrator in Chantilly, VA

    I have been working at Fannie Mae (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Exposure to business, cutting-edge technologies.

    Cons

    work pressure gets high at times


  7. Slow but great people

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Pros

    People, opportunity to advance, Finance exposure in DC

    Cons

    Can be slow, can be slow


  8. Not amazing but not bad

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

    I have been working at Fannie Mae full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Positive and social environment. I've met some extraordinary people here.

    Great benefits, 17 vacation days (including 2 floating holidays), 10 holidays, generous 401k plan, unlimited sick days, flexible work schedules, good work/life balance (usually)

    Cons

    Organizational change leads to downward pressure on lower management/analysts from the top. Also a very "top-heavy" company with VPs and Directors.

    Advice to Management

    Reduce the amount of upper management, encourage more cross team collaboration, and reduce the amount of analysts reporting to Directors.


  9. Helpful (2)

    Getting better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager, Project Management in Washington, DC
    Current Employee - Manager, Project Management in Washington, DC

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    People and the potential to do good

    Cons

    No collaboration and upper mgmt builfing empires without a plan or purpose. Many times they define success by the number of ppl in the org rather than impact to the company.

    Advice to Management

    Take away silos. Have goals that span BUs. Make technology or efficient. Reduce dependency on contracting firms.


  10. Helpful (5)

    The Worst Tech Company Ever

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Free coffee and Hot chocolate. It's very hard to find much positive. The pay is average, but dependent on things not related to your job position.

    Cons

    They follow the philosophy that lots of management makes a better product. People who have run operations organizations typically run the development organizations. These people are very short sighted and lack the experience to run a truly world class development organization. Software Development here is more akin to a third world sweet shop. Too much process and procedure to get much done in an efficient manner. Cronyism is run rampant. Vendors are push down to development teams through the vast number of VPs in the organization. Vendors tend to have high rates and no skills. Literally most kids out of college with good leaders can do much better, faster and for less cost. Simple projects in other companies that take 4 our 5 people to do in 6 months, take a team of 40 to do in a year. Poor quality code and workmanship is everywhere.

    Advice to Management

    Government couldn't do a worse job than you are doing. Flatten the organization. It is over bloated with self interested VPs and Directors who only push their ideas and don't look to organization success. These VPs and Directors will be the downfall of the organization if you ever have to compete in the commercial world.


  11. Helpful (1)

    Technical Role

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

    I have been working at Fannie Mae

    No opinion of CEO
    No opinion of CEO

    Pros

    Good benefits. Good Compensation. Most people are good to work with. Only reason for 3 star is due to the good benefits.

    Cons

    A ship that is sailing blind. Millions wasted on large projects that take years to deliver (with questionable quality). Senior management is simply patting themselves on the back while the regular employees toil along. Agile development is a joke here since even the most well meaning person knows the organizational processes do not lend themselves to Agile. Heavy SDLC & useless PQO processes probably cost 1/4 of dollars to implement for large projects. One has to hire a small army to do the documentation and submit it for various approvals. Too many directors and managers. Layoffs need to focus on that layer next. Finally in technology Fannie Mae hires quantity and not quality. Very political between teams and organization. The strongest and loudest survive (for some time).

    Advice to Management

    Layoff half the technology organization. This time start with the directors and mid-level managers. They are the incompetent holders and keepers of the silo'ed and political culture that needs to be destroyed once and for all.



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