Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated December 17, 2014
Updated December 17, 2014
485 Reviews
3.3
485 Reviews
Rating Trends

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Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
128 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 78 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 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great 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 full-time

    Pros

    Good benefits, co worker, understanding management

    Cons

    Busy all the time. Work life balance is hard to Get

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

    This is not a credible company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Chicago, IL
    Former Employee - Business Analyst in Chicago, IL

    I worked at Fannie Mae full-time (more than 10 years)

    Pros

    If you have a family there are good benefits.

    Cons

    Not a good company to work for with regard to how they treat employees who speak up, They do not treat all employees the same. They can and will get away with nonethical practices. Very political. Low Morale -- especially amongst employees who have worked at this company for 10+ years

    Advice to ManagementAdvice

    It starts from the top down. Once management changes their attitude and way of treating people their direct reports will follow suit.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Fannie Mae Response

    Nov 13, 2014Company Representative

    First we would like to thank you for over 10 years of service to Fannie Mae. We appreciate you taking the time to leave us a comment. Each review is very important to us and we read each one of them ... More

  3. 1 person found this helpful  

    Great Experience

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

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

    Pros

    The people here are some of the smartest people I've ever been around. Opportunity for promotion for driven individuals

    Cons

    Bureacracy is an issue at Fannie Mae. Decision making may have to go through layers of management. The technology at Fannie is atrocious. Getting access is a nightmare.

    Advice to ManagementAdvice

    -

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    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

  6.  

    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
  7. 1 person found this helpful  

    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
  8.  

    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
  9. 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
  10. 3 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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