Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated November 18, 2014
Updated November 18, 2014
474 Reviews
3.3
474 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
121 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 75 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    oracle dba

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    it has a flex hours

    Cons

    uncertain future due to current situation

  2.  

    Interesting, but a little slow and too structured

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

    I have been working at Fannie Mae as an intern (less than an year)

    Pros

    -People here are extremely smart and capable
    -The work you do is at a high level and you learn a lot
    -High salaries because they need to attract the best and compete in the DC talent market
    -Great benefits

    Cons

    -Very hierarchical structure
    -Employees are extremely competitive with each other
    -Evident status difference between Full-time employees and contractors
    -Huge emphasis on differences between Managers and employees
    -A lot of fear-based management, clashing of egos
    -Very corporate

    Advice to ManagementAdvice

    -Focus on creating a better company culture
    -Reduce the amount of internal aggressive competition

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Political

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

    I have been working at Fannie Mae

    Pros

    Great Benefits - 401k, vacation,
    Good Salary -
    Easy Location - Herndon Reston

    Cons

    Political
    Perception Based Vs Performance based

    Advice to ManagementAdvice

    Need to value people who work

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    An ease place to work

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

    I have been working at Fannie Mae

    Pros

    The work hour is not crazy and Fannie Mae has very good retirement benefits for employee. Co-workers are generally nice. Fannie Mae has a SERVE program every summer, which is to volunteer people serve the community by attending charity events.

    Cons

    Probably only 20% of the people are actually doing real work in Fannie Mae. And the rest are just throwing idea and playing bureaucrat games.

    Recommends
    No opinion of CEO
  6.  

    Employee

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

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    Great pay and generous benefits, talented coworkers, fantastic company working to do a great service for American families.

    Cons

    Can't think of anything really. Overall, coworkers and management are great, environment is great, interesting work, etc.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Excellent Company & Team!

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

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    Great Salary, Respectable environment & wonderful benefits.

    Cons

    Can take a lot of interviews before you are offered a position. Layoffs can occur. Lot's of position changes as well.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Horrible Ruthless Company Zero loyalty

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Pros

    Benefits, compensation and work from home

    Cons

    The most political company that you could EVER work for. No work/life balance. They do nothing but lie to their employees. They simply chew you up and spit you out.

    Advice to ManagementAdvice

    Walk the talk

  9.  

    Good Company to work for.

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

    I have been working at Fannie Mae as a contractor (less than an year)

    Pros

    Great energetic young team to work for. Nice work environment with understanding people. Good Work life balance.

    Cons

    Work can be confusing at times, and sometimes the company differentiates between Contractors and regular employees.

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Was one of the top job places in DC Metro .. not anymore ..

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

    I have been working at Fannie Mae full-time (more than 10 years)

    Pros

    Still a place where you can find talent and it still attracts talent. Good people to work with.

    Cons

    Senior management mostly ex-Wall Street with different values and for most part demonstrate lack of commitment. They also prefer external Wall Street talent rather than local talent for promotion opportunities - so not much career growth opportunity for those within. IT has been recently outsourced to external vendor and this has hurt the firm and unless they address will continue to hurt the firm more over the next few years - not sure how they will execute on the many ambitious initiatives in-flight with less than mediocre IT.

    Advice to ManagementAdvice

    1. Look for talent - wherever you find it.
    2. Stop wasting money on external consultants to get a pretty powerpoint that had all the info you already knew in it.
    3. Fix IT - stop covering up the mistakes done here. Do the right thing - whether it means replacing the vendor or insourcing.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Senior Software Engineer

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

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Great technological opportunities, great benefits, money at the top of the industry, great people within the team you are working with.

    Cons

    It is a big organization and when they decide to do something, even if it is bone headed they will go ahead with it and declare it a success. Standing up and saying something gets you labeled "not a team player."

    Advice to ManagementAdvice

    This is a top-down organization. Upper management will make decisions, ignoring the advise of lower level technologists. They, upper management, seems to believe that if there is a problem someone "can write a script" or program to get them out of a jam. This can be extremely frustrating. If you can navigate the office politics you will be richly rewarded, if you can't - well - C'est La vie.

    Recommends
    Neutral Outlook
    No opinion of CEO

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