Freddie Mac Reviews

Updated September 3, 2015
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3.2
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
117 Ratings

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 61 reviews)

  • The company offers great benefits and flexible work hours (in 31 reviews)

Cons
  • Company is currently under conservatorship and company future is uncertain (in 12 reviews)

  • Hierarchical structure to senior management (in 23 reviews)

More Pros and Cons

442 Employee Reviews

Sort: Popular Rating Date
  1. 10 Year Employee

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Support Director
    Current Employee - Applications Support Director
    Recommends
    Neutral Outlook

    I have been working at Freddie Mac full-time (More than 10 years)

    Pros

    Great work-life balance. Flex schedules and easy to accommodate different work schedules. Good people to work with although the current organizational flattening makes it very difficult for promotion. company is stressing lateral movements to keep developing.

    Cons

    High performers are not rewarded much more differently than average performers (1-2% in salary raises). The need to improve and innovate is reduced due to the lack of true competition and all profits being taken by the government.

    Advice to Management

    Align incentive and compensation structure more with the corporate goals to achieve organizational change objectives.


  2. Great work/life balance but do not expect continuous growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in McLean, VA
    Current Employee - Anonymous Employee in McLean, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time (More than 10 years)

    Pros

    people, firm culture, position in the market

    Cons

    growth under conservatorship is limited


  3. Great place to grow

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Manager in McLean, VA
    Current Employee - Marketing Manager in McLean, VA
    Recommends
    Positive Outlook

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Emphasis on promoting from within; many training and development opportunities; emphasis on recognition; lots of growth and change in the company so there are opportunities for you to bring something new to the table to help solve interesting challenges

    Cons

    Different divisions have different "culture" so an employees experience could vary a lot depending on where in the company they work. There still seems to be a very thick and clunky org structure. As a result, in some areas of the business, more seasoned non-managerial employees may feel micromanaged. Also, in some areas of the business, what should be simple to accomplish still feels like it takes 20 decision makers approval and an act of congress. But things are getting better...slowly.

    Advice to Management

    fewer layers!


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  5. Great entry-job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Applications Support Associate in Reston, VA
    Former Employee - Applications Support Associate in Reston, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Freddie Mac full-time (More than a year)

    Pros

    Great work life balance. If they still have the rotational program, you get to learn a lot from different divisions within Freddie Mac. 401k is good, vested right away.

    Cons

    Somewhat stuck in the past compared to other companies. A lot of legacy systems to work with if your okay with that.


  6. Good starting job, but little room to grow

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analysis Professional in McLean, VA
    Current Employee - Business Analysis Professional in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Good Benefits Good Cafeteria Traffic isn't too terrible in the morning If you get the right manager - life is good!

    Cons

    Little opportunity to grow Management doesn't trust lower level employees Difficult to get a decision - takes weeks

    Advice to Management

    TOO MUCH RED TAPE! Millennials are undervalued Not everything needs to be a fire drill!


  7. Everything is all right but changing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Model Risk Governance Analyst in McLean, VA
    Current Employee - Model Risk Governance Analyst in McLean, VA
    Recommends
    Neutral Outlook

    I have been working at Freddie Mac full-time (More than 3 years)

    Pros

    The firm is big, stable, government sponsored, a little lay back, and of course diversified.

    Cons

    Nobody knows where the firm will go in the future. It's like stalled in the conservatorship.


  8. Support Services

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good benefits and work space environment.

    Cons

    Hiring contractors and not full time employees to fill IT and administrative positions.

    Advice to Management

    Recognize the value of experience and commitment full time employees have in full filling Freddie Mac's mission.


  9. Business Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I worked at Freddie Mac full-time

    Pros

    Great work and life balance, quickly learning your duties, and a lot internal resources for you to improve yourself. Multi-cultural friendly.

    Cons

    My experience is that your performance is highly dependent on your relationship with your manager


  10. The Epitome of Corporate America

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Specialist in McLean, VA
    Current Employee - Human Resources Specialist in McLean, VA
    Doesn't Recommend
    Positive Outlook

    I have been working at Freddie Mac full-time (More than 3 years)

    Pros

    Good salaries, excellent benefits, a lot of great people

    Cons

    Far too much red tape, too much focus on business trends, not enough focus on the actual employees and what would help them be more effective in their work.

    Advice to Management

    Different departments with different functions need different structures and work environments. Don't try to make everyone's work experience the same. We are individuals, not robots.


  11. Too many Chefs in One Kitchen

    • Work/Life Balance
    • Culture & Values
    • Senior Management
    Former Employee - Senior Environment Engineer in Reston, VA
    Former Employee - Senior Environment Engineer in Reston, VA
    Doesn't Recommend

    I worked at Freddie Mac (More than a year)

    Pros

    They allow you to be creative in your position, but do not allow changes. Allows you the opportunity to become highly organized.

    Cons

    I worked there for 2 years and trying to get something done on time was like pulling teeth. The Fulltime Employees do not respect consultants or the position that they were hired for. Managers will start to 'Micro-Manage' the consultants whenever there is an org change. Uncomfortable and full of stress atmosphere. Not willing to change or improve processes for the better.

    Advice to Management

    Focus on finding the root cause of the issue and support the employees you manage. Provide guidance and resolution to issues. Step in when there is an issue and don't just give up until the issue has been resolved.



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