Fannie Mae
3.0 of 5 416 reviews
www.fanniemae.com Washington, DC 5000+ Employees

Fannie Mae Reviews in Washington, DC

Updated Jun 27, 2014
All Employees Current Employees Only

3.0 167 reviews

                             

70% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(40 ratings)

43% of employees recommend this company to a friend
167 Employee Reviews Back to all reviews
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    A good place to work

    Senior Business Analyst (Former Employee)
    Washington, DC

    ProsI worked in Fannie mae Capital Market Business to Technology Division as a consultant almost an year till april of 2013. work was busy but was not overwhelming and was reasonably assigned. Nice and relaxed environment with support from manager. I think fannie mae still offers one of the best benefit packages in the market. I would certainly recommend this company to a friend.

    ConsCannot think of anything at the moment.

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

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    Fannie Mae is GREAT!

    Applications Quality Analyst (Current Employee)
    Washington, DC

    ProsSalary, benefits, volunteer hours without vacation, work-life balance, flexibility

    ConsSlow to promote, old technologies

    Advice to Senior ManagementEnsure employees feel appreciated and assure them of growth.

    Yes, I would recommend this company to a friend

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    Difficult with so many management changes

    Business Analyst (Former Employee)
    Washington, DC

    ProsDepending on the area you work in it can be a great experience. Good benefits and compensation. People really committed to housing affordability.

    ConsSome managers play favorites and don't try to develop others and support them becoming successful. It's either you are part of the favored few or you are on the outside looking in.

    Advice to Senior ManagementManagement should hire and train executives who are committed to developing their people. Doesn't mean they shouldn't move out those who can't or don't perform. It just shouldn't always be about the manager's career to the exclusion of the staff's'.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    The Honest Truth

    Resource Center Customer Support Specialist I (Current Employee)
    Washington, DC

    ProsBenefits and "decent" compensation. Decent work life balance. Good "foot in the door" job but most of the time can only transition if you know someone.

    ConsToo much favoritism, they hire who they want over qualifications (their own referrals), no room for growth. Continuously adding to job description with no change in compensation.

    Advice to Senior ManagementValue your employees, stand up to YOUR upper management and just don't agree with everything thrown at you. Consider the job we handle (for this position) and know it can be stressful and affect your life outside of work. Have more room for growth and allow for training/career development to broaden your knowledge outside of the regular scope of work. Have better compensation considering the cost of living in dc/md/va and job stress. The retention rate is very low in this department mainly due to management. Hire based on qualifications and work ethic! Great company, sorry department.

    No, I would not recommend this company to a friend

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    No room for growth, favoritism culture dominates

    Project Manager (Current Employee)
    Washington, DC

    ProsCompetitive salary, training, good benefits

    ConsFavoritism culture by upper management in promotions is wide spread; people with least experience are selected for managing other people. Annual assessments are performed confidential; management does not tell you the reason behind their performance assessment due to a confidentiality clause to protect managers; this leaves the door open for retaliation and unfair reviews by managers.
    Employee wellness has little weight for managers; I was told by a manager that a manager should just support his supers and not to worry about his employees because either employees are good and know how to do their jobs and if they are not, then...
    Employee retention is not a concern for the company; they are pushing experienced employees out the door and are replacing them with inexperienced ones with lower pay. Recruitment is done by people who are not expert in the field for specific position

    Advice to Senior ManagementCare about employees first and then your superiors, be fair and do not promote culture of favoritism.
    Share the wealth; company generated 84B last year and employees received a cup cake as token of appreciation.
    Executives; ask employees to perform anonymous survey on their managers and directors twice the year to ensure employees are heard too.

    Yes, I would recommend this company to a friend

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    A good experience for new college graduates.

    Financial Analyst (Former Employee)
    Washington, DC

    ProsFriendly coworkers, career development, work / fife balance, good compensation

    ConsLong-term career prospects, future uncertainty

    Advice to Senior ManagementBring back the fun

    Yes, I would recommend this company to a friend

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    A company going through turmoil

    Business Analysis Manager (Former Employee)
    Washington, DC

    ProsInteresting work and great benefits. Good opportunities to develop skills and get training,

    ConsSenior management does not make tough decisions and instead puts off making difficult decisions out of fear of making mistakes, which effectively paralyzes the company from making important changes. Not a lot of rhyme or reason for why some folks get promoted versus others who do not (to get promoted more important who you know and who can elevate you, rather than the caliber of your work).

    Advice to Senior ManagementFewer layoffs and re-train existing personnel rather than keep bringing in new staff. Make the bold decisions to transform the company and worry less about protecting fiefdoms.

    No, I would not recommend this company to a friend

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    Good

    Business Analyst (Current Employee)
    Washington, DC

    ProsGood as you get along

    Consno need to be conservative

    Advice to Senior ManagementNeeds to be more responsive

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    Uncertain future

    Senior Manager (Current Employee)
    Washington, DC

    ProsCompetitive compensation in the DC Metro area

    ConsWall Street management culture misfit, uncertain future, outsourcing en masse. Current mission statement resembles a suicide note.

    Advice to Senior ManagementFocus on team building, people and a worthwhile sincere mission statement that builds on creation versus dismantling

    Yes, I would recommend this company to a friend

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    Success is dependent on favoritism and connections, not skills and capabilities

    Project Manager (Current Employee)
    Washington, DC

    ProsGood work/life balance and salary. Not required to work every weekend.

    ConsLong-term prospects of firm are uncertain with all the potential regulatory changes to dissolve it.
    Company values are in the toilet as HR and Legal turn a blind eye to unethical practices in hiring, firing, promotions and demotions. The firm is not held to corporate nor government personnel standards.

    Advice to Senior ManagementClean up the 'old boys network' corporate culture and ensure that people are placed in jobs in which they have actual job qualifications and experience. Stop the kickbacks to senior executives for hiring contractors.

    No, I would not recommend this company to a friend

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