Freddie Mac

www.freddiemac.com
Employer Engaged

Freddie Mac Reviews

Updated March 1, 2015
Updated March 1, 2015
392 Reviews
3.3
392 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
108 Ratings

Review Highlights

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

  • Great benefits but work-life balance depends on the area you work in (in 31 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 23 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Accounting Manager in McLean, VA
    Former Employee - Accounting Manager in McLean, VA

    I worked at Freddie Mac

    Pros

    Everyone is co-located in the same area. Great master's degree program

    Cons

    Very limited promotion opportunities; many job eliminations

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Human Resources

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director of Human Resources in Washington, DC
    Current Employee - Director of Human Resources in Washington, DC

    I have been working at Freddie Mac

    Pros

    Great place to work and a lot of educational avenues

    Cons

    There are no cons for this company I can point out

    Advice to ManagementAdvice

    Keep doing the things you are doing - great people to work with

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    IT Operations Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Operations Manager in Herndon, VA
    Current Employee - IT Operations Manager in Herndon, VA

    I have been working at Freddie Mac

    Pros

    A Great Place to Work

    Cons

    Need the latest technology and IT process improvements.

    Advice to ManagementAdvice

    n/a

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC

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

    Pros

    Good company to work for

    Cons

    Uncertain future in terms of the future of GSE

    Recommends
    Neutral Outlook
  6.  

    Good solid company that I would recommend to others

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Program Management Professional in McLean, VA
    Former Employee - Marketing Program Management Professional in McLean, VA

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

    Pros

    Great group of co-workers, excellent opportunities for personal growth, flexible work schedule

    Cons

    Silo effect between divisions, slow to get things done due to too many approvals needed, average pay, limited advancement opportunities (within my division)

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    decent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Systems Analyst in McLean, VA
    Current Contractor - Systems Analyst in McLean, VA

    I have been working at Freddie Mac as a contractor (more than a year)

    Pros

    Smart set of people to work with

    Cons

    No stability as they are letting go of lot of employees

    Advice to ManagementAdvice

    Keep the cream talent

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Research Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Analyst in McLean, VA
    Former Employee - Research Analyst in McLean, VA

    I worked at Freddie Mac

    Pros

    Reputation, Work, Leadership, Challenging, Opportunities

    Cons

    Deadlines, Quotas, Fast Paced, Challenging, No Training

    Advice to ManagementAdvice

    Training

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Freddie Mac -- a strange mix of good and bad

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

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

    Pros

    - Parent friendly
    - Minority friendly
    - Good work environment

    Cons

    - Leadership not trustworthy
    - HR is not your friend and often dumb
    - IT is being outsourced (no matter what they say)
    - Flawed business model dependent on Government protection

    Advice to ManagementAdvice

    Don't treat people like "Human Resources". Be honest and treat them like adults.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Good place to work easy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac

    Pros

    Great work life balance
    government style culture

    Cons

    No compensation
    very hard to get promotion

  11. 1 person found this helpful  

    Lost their way, no hope for future

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

    I have been working at Freddie Mac

    Pros

    Coworkers generally pleasant. OK compensation, although seems to be slipping behind industry past year or so.

    Cons

    Many management layers in IT makes a stagnant cesspool of nepotism, status quo, and incompetence. Any attempt to move forward out of the dark ages is unsupported and quickly shut down. Communication is tightly controlled to keep employees in the dark. Too many contractors per employee with rapid turnover and no knowledge transfer. Too many competing and redundant technology products and development projects. Excessive waste and abuse of project funding. Promotions based on popularity not value.

    Advice to ManagementAdvice

    Get rid of the rot and deadwood in staff who stop progress - especially many directors and some VPs. Justify project funding by measuring the results and ROI and not funding management that fails to meet objectives or ROI. Cut contractor population by 50% on all projects and put employees to work. Eliminate employees who are unable to perform.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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