Freddie Mac
3.1 of 5 331 reviews
www.freddiemac.com Mc Lean, VA 5000+ Employees

Freddie Mac Reviews

Updated Jul 8, 2014
All Employees Current Employees Only

3.1 331 reviews

                             

77% Approve of the CEO

Freddie Mac CEO Donald H. Layton

Donald H. Layton

(77 ratings)

51% of employees recommend this company to a friend
331 Employee Reviews
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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
           
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    • No Opinion of CEO

     

    My experience at Freddie Mac was one of the best diverse companies my team was so supportive

    Help Desk Analyst (Current Employee)
    McLean, VA

    ProsThe benefits are great I wasnt here long enough to enjoy them, but other than that this is a great company for in IT.

    ConsSo far I havent seen or notice any cons.

    Advice to Senior ManagementKeep up the great work.

    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, allows gorwth

    Senior Financial Analyst (Former Employee)
    McLean, VA

    Prosflexible hours and excellent traiing

    Consup in air as to what will happen with company

    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 for work

    Middle Office Associate (Current Employee)
    McLean, VA

    ProsManager and co-workers are very nice and knowledgable. Great exposure to a new graduate.

    ConsPay is average. Very low pace.

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    • Culture & Values
           
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    • Senior Management
           
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    Good place to retire but not so good if you would like to make top $$$

    Senior Software Engineer (Former Employee)
    McLean, VA

    ProsGood benefits. Good work life balance.

    ConsToo many re-orgs and frequent changes of the manager. The salary is not great.

    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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    • Disapproves of CEO

    1 person found this helpful  

    Frequent change

    Anonymous Employee (Current Employee)

    ProsPeople are great to work with. Good location. If you are a self starter, proactive and a hard worker you will learn alot & will have alot of career options.

    ConsAt this point in time, there is very little 'work life balance'. If that's what you are looking for right now, this is not the place for you....high stress.

    Advice to Senior ManagementSenior management is viewed as 'uncaring' and is not engaged or aware of worloads. The expectation is staff will do what it takes to get the job done, regardless of how 'burned out' the employee or team is.

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

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    • Culture & Values
           
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    Good place to work ....Not a great to grow and learn.

    Anonymous Employee (Current Employee)

    ProsWork Life Balance
    Stability
    Training Opportunities
    Efforts of executive management towards establishing winning culture

    ConsCompensation
    Red Tape
    Directors are biggest bottlenecks and are lot of the new ones are hired based on their past titles rather than the skill required for the job

    Advice to Senior ManagementCannot make culture change when there senior management (directors and officers) are not ready to adapt to it and they are the ones who like spoon-feeding, preferential treatment etc

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Freddie Mac

    Performance Reporting Analyst (Current Employee)
    McLean, VA

    ProsGreat environment, flexible work schedule, knowledgeable peer and management, always informed of program, very informative, enjoyable work environment, great benefits, great location.

    ConsI really can not say that there are too many cons from my perspective other than the lack of availability for promotions. I have gone above and beyond in my position and and have not been promoted or compensated accordingly.

    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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    Change for change

    Anonymous Employee (Current Employee)

    ProsFreddie Mac has some of the most smartest employees around so you will learn a lot. Salary is very fair, and benefits are competitive.

    ConsTons of reorgs, layoffs without notification to other supporting groups. Obviously since there is external pressure for most of the change, it could be handled a bit more with care.

    Advice to Senior ManagementChange the new policy for internal job application. Now, when you decided to apply for another position in the company, your manager is immediately notified. Depending on your current manager, it may dissuade you from moving around internally.

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

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    • Culture & Values
           
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    • No Opinion of CEO

    1 person found this helpful  

    Overloaded

    Director (Former Employee)
    McLean, VA

    ProsGreat training opportunities
    Great community support
    Nice employees
    Smart employees
    Good career opportunities

    ConsMiddle management is completely overloaded
    Culture in transition from what it was in its hay day to a mad dash for results with minimal planning.
    Leadership views employees as incompetent because they can't meet the unrealistic expectations.
    4 reorganizations in the 6 months I worked there. 3 more in the 5 months since I left.
    Lots of layoffs occurring which creates unstable employment environment.

    Advice to Senior ManagementPush hard for results ... it is required; however, establish realistic expectations. Check in on your middle management to see how they are. Care about them and help them manage their stress. You need them to be engaged.

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

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    • Culture & Values
           
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    Interesting

    Team Lead (Former Employee)
    McLean, VA

    ProsGood amount of vacation weeks available.

    ConsManagement who are poor with managing people and in management positions despite not having knowledge or understanding of the job of their staff.

    No, I would not 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 331 reviews posted anonymously by Freddie Mac employees.