Fannie Mae Reviews in Washington, DC

Updated October 22, 2014
Updated October 22, 2014
454 Reviews
3.3
454 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
112 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)

  • great benefits and flex hours; great for learning all aspects of housing market (in 40 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

256 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Support Single Family WLC process and is a subject matter expert on FAS65 Tagging and Collateral Management and Hedging

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

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

    Pros

    compendsation is good, flex working hours. good work/life balance. they have a good understanding that people need to have a life outside of work

    Cons

    As a contractor, it's not stable, there is 3000 hours limits . fannie mae has been going downhill for a long time.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    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
  3.  

    Company treats Promotions/advancements with Bias

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

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    People, Compensation/Benefits. The work is challenging and the pay and benefits are like "golden handcuffs". Executives at this company are paid an exorbitant amount of money but everyone is compensated well.

    Cons

    Limited career growth; promotions heavily influenced by internal politics and "who you know" philosophy. Senior leadership is not approachable/not visible

    Advice to ManagementAdvice

    Upper Management has no intention of changing the status quo so sharing is a waste of effort

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good place to work but could be better

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

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

    Pros

    Benefits are top notch, decent pay, smart people, career opportunities

    Cons

    Management needs more training, a lot of executives bring in "their people", lack of diversity in executive space, relationships trump hard work

    Advice to ManagementAdvice

    Listen to your employees about management

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great place to work if you aren't trying to get rich

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

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

    Pros

    Smart coworkers
    Easy hours
    Flexible schedule
    Graduate school reimbursement
    Recruiters are always contacting you for new jobs elsewhere

    Cons

    Pay is low for financial services due to the fact that Treasury gets all profits (per terms of conservatorship). Bonuses for people like me (late 20s) are low compared to other financial services companies.

    Advice to ManagementAdvice

    Unfortunately there's nothing they can do. Conservatorship is terrible. It is essentially a government job.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    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
  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.  

    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
  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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