Freddie Mac
3.1 of 5 306 reviews
www.freddiemac.com McLean, VA 5000+ Employees

Freddie Mac Reviews in McLean, VA

Updated Apr 7, 2014
All Employees Current Employees Only

3.1 194 reviews

                             

85% Approve of the CEO

Freddie Mac CEO Donald H. Layton

Donald H. Layton

(41 ratings)

51% of employees recommend this company to a friend
194 Employee Reviews Back to all reviews
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Great Company - No Pay increase with promotions

Analyst (Current Employee)
McLean, VA

I have been working at Freddie Mac full-time for more than 5 years

ProsThe culture is great and they allow employees to work from home.

ConsI have a net 2% raise with the last 3 promotions, more work but no extra pay.

Advice to Senior ManagementPay your talent

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

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Great company, great benefits

Analyst (Former Employee)
McLean, VA

I worked at Freddie Mac full-time for more than 5 years

ProsGreat company to work for, good compensation, good benefits, great people.

ConsNothing worth mentioning. This is a good place to land.

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

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Great people, interesting work, but uncertain future.

Anonymous Employee (Current Employee)
McLean, VA

I have been working at Freddie Mac full-time for more than 5 years

ProsThe best reasons to work here are the collaborative culture and the amazing people. As others have stated, the employees at Freddie Mac are fabulous. They are intelligent, motivated, hard working and driven.

ConsExecutive management changes frequently and current leadership is very hierarchical and old school. Freddie Mac's future is uncertain and will be dictated by Congress. Frequent negative media attention and there is a general public misunderstanding of Freddie Mac's purpose, mission, and role in the housing market.

Advice to Senior ManagementFind a way to encourage the already existing collaborative/teamwork environment while addressing inefficiencies that may exist. Collaboration/teamwork and corporate competitiveness in the market are not mutually exclusive goals.

Yes, I would recommend this company to a friend

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Good Environment to work

Technical Analyst (Former Employee)
McLean, VA

I worked at Freddie Mac full-time for more than 3 years

ProsGood teams
Professional Environment
Good Management
Cross functional team work
Balance work /life

ConsNo Salary Hike, No Bonus
Too many approvals
Too much paper work

Advice to Senior ManagementBetter to reduce paper work and approval's

Yes, I would recommend this company to a friend

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I have a very successful and rewarding career.

Risk and Controls Director (Former Employee)
McLean, VA

I worked at Freddie Mac full-time for more than 10 years

ProsThe company offers good pay, benefits, and opportunities for advancement. Work life balance is usually okay. Generally, the people and staff are good to work with.

ConsCompany is always changing leadership and direction. You can expect to see multiple reorganizations in short periods of time, not always having the ability to select the boss of choice.

Advice to Senior ManagementUnderstand the quality of (or lack there of) the employees.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Freddie Mac is a great place to work, but not without its flaws.

Development Manager (Current Employee)
McLean, VA

I have been working at Freddie Mac full-time for more than 3 years

ProsThe company has a great compensation and benefits package. The US Treasury and FHFA dictated many changes that kept the work new and interesting.

ConsThere is a hierarchical structure to management. Although executive manage is attempting to change the culture, there are many in senior management that inhibit this growth. Additionally, work/life balance is not common.

Advice to Senior ManagementHave skip level meetings with lower-level managers to get a true sense of the culture.

Yes, I would recommend this company to a friend

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Useless work

Director (Former Employee)
McLean, VA

I worked at Freddie Mac full-time for more than 10 years

ProsThe pay is pretty good compared to other non financial company.

ConsThe work is meaningless. There are a lot of control departments such as internal audit to check oversight department and oversight department checks model department and external auditor such as PWC to check every department in the company. What a joke!

Advice to Senior ManagementThis place is hopeless. Most of the executive officers are out for money not trying to do the right thing anyway.

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It's just ok

Manager (Current Employee)
McLean, VA

I have been working at Freddie Mac full-time for more than 3 years

ProsLots of people leaving, so lots of room to move up. (depending on where you work)

ConsLots of people leaving. So hard to get a consistent message about the direction of the company. OK work-life balance depending on your department. Some people put in a lot of hours. Many people fighting for a pretty small compensation pie. Lots of rule bending and breaking for squeaky wheels (who are key personnel).

Advice to Senior ManagementPay people better, and you'll get better people.

Yes, I would recommend this company to a friend

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Diverse Work Enviornment

Audit Staff (Current Employee)
McLean, VA

I have been working at Freddie Mac full-time for more than a year

ProsDiversity, flexibility of work environment with a more relaxed culture. Flex time is available and often used by most of the company divisions.

ConsUncertainty due to the shift of culture from a GSE. Tends to move a bit slower, its a huge company with a lot of moving parts.

Yes, I would recommend this company to a friend

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Dynamic

Operational Risk Senior (Former Employee)
McLean, VA

I worked at Freddie Mac full-time

Pros-Great facilities
-Great training
-Good pay
-Flexible schedule
-Great resume builder
-Interesting industry

Cons-Lack of standardardized internal control policies/practices
-Although many good people are hired; quite a few people are hired without college degrees or credentials
-Disconnect betwee HR needs and actual roles filled
-Too many out of town contractors hired
-Some of the compute software/technology is out of date

Advice to Senior ManagementProvide more direct link between HR and hiring into positions to ensure minimal education/credentials are met

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

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Glassdoor is your free inside look at Freddie Mac reviews and ratings in McLean, VA — including employee satisfaction and approval rating for Freddie Mac CEO Donald H. Layton. All 194 reviews posted anonymously by Freddie Mac employees.