Freddie Mac
3.1 of 5 307 reviews
www.freddiemac.com McLean, VA 5000+ Employees

Freddie Mac Reviews

Updated Apr 16, 2014
All Employees Current Employees Only

3.1 307 reviews

                             

80% Approve of the CEO

Freddie Mac CEO Donald H. Layton

Donald H. Layton

(66 ratings)

52% of employees recommend this company to a friend
307 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Freddie Mac is a good place for someone who is seeking good work-life balance"
    in 52 reviews
  • "Great benefits but work-life balance depends on the area you work in"
    in 28 reviews
Cons:
  • "Company is currently under conservatorship and company future is uncertain"
    in 12 reviews
  • "Senior management is always changing and the room for growth seems to be diminishing"
    in 22 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Overall, great place to work

Engineer Associate (Current Employee)
Reston, VA

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

ProsBenefits are awesome as well as the flexibility
Majority of the employees are great to work with
Free coffee and soft drinks is always a plus
Pay is decent

ConsSenior management is always changing and the room for growth seems to be diminishing
2% increase seems to be the max each year, if any…
People that work really hard for the company seem to be overlooked

Advice to Senior ManagementPay those that work hard for the company

Yes, I would recommend this company to a friend

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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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  • Culture & Values
         
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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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  • Culture & Values
         
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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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  • Culture & Values
         
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  • No Opinion of CEO

 

Systems Analyst

Systems Analyst (Former Employee)
McLean, VA

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

ProsWork from home policy is a plus, easy to change positions and get new experience.

ConsHorrible pay, most projects wasted a lot of money due to red tape and poor planning.

Advice to Senior ManagementFocus on streamline processes instead of putting necessary processes in place that cost too much money and waste time. .

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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1 person found this helpful  

Going Through Changes, "Right-sizing"

Anonymous Employee (Current Employee)

I have been working at Freddie Mac full-time

ProsFriendly people, pleasant surroundings, opportunities to grow for the right people, front row seat to economic history, good pay and benefits

ConsUncertain future, uneven leadership, a lot of talk without the walk

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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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  • Disapproves of CEO

 

The work pollitics mirror congressional politics

Director (Current Employee)

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

ProsGreat locations
Attractive benefits
Some super smart people

ConsThe office politics are usuall zero-sum. People don't get paid a lot so power is about who controls the biggest parts of the business
The mix of super smart people with mediocre management can be frustrating
Good ideas die in a field of buracracy where managers seem to get paid to say no.

Advice to Senior ManagementPerfect is the enemy of good. Consider trying good ideas and adjusting instead of killing good ideas because they're not perfect.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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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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  • Culture & Values
         
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  • No Opinion of CEO

 

Process heavy, old school, beaurocratic

Development, Senior (Current Employee)
Tysons Corner, VA

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

ProsDecent pay, training oppurtunities available, nice location, large corporation with exposure to financial world

Consoffice culture, people not very helpful, manager is in driver's seat for your development, too many processes with no help as training in processes doesn't always deliver practical solutions

Advice to Senior ManagementChange onboarding - make arrangement for direct manager to be accountable for onboarding so employee and manager can build a rapport from the get go and expectations clearer

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Freddie Mac reviews and ratings — including employee satisfaction and approval rating for Freddie Mac CEO Donald H. Layton. All 307 reviews posted anonymously by Freddie Mac employees.