Freddie Mac Reviews

Updated April 18, 2015
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3.3
415 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
114 Ratings

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 Pros and Cons

Employee Reviews

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  1. I've enjoyed 10 years working on interesting topics with great people.

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Smart, friendly, genuinely nice people; interesting and challenging work; meaningful mission; ability to switch jobs within the company to learn new things; flexibility and work life balance (especially compared to other financial services companies); great benefits; great location; awesome fitness center and cafeteria

    Cons

    It's a large company so promotions may be a little slower than at smaller firms.

  2. Good Company

    Current Employee - Director in McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Freddie Mac offered a learning experience due the amount of change it has experienced in the past 12 years.

    Cons

    Not the people oriented company it once was.

    Advice to Management

    No message to management

  3. Stressful and political

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

    I worked at Freddie Mac

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    I worked there for almost 5 years and the IT group that I was in was a great group to work with. Benefits were decent.

    Cons

    Very political environment. Stressful work load. Constant revolving doors for upper management that cause the environment to be very unstable.

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


  5. Good experience. Part of the college hire rotation program right out of college. Great opportunity to do different roles

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

    I worked at Freddie Mac

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Job rotation, brand, mclean HQ is great location. Decent benefits. Contractor heavy.

    Cons

    Traditional, old-school culture. Silos. Seasonal staff - some of which are there to take retirement benefits.

    Advice to Management

    Try to increase the moral and culture.

  6. manager

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

    I worked at Freddie Mac

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    The Salary was good for the work I had to do

    Cons

    Learning all of processes was challengng

  7. Good career choice

    • 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 full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Many dedicated smart people
    Lots of opportunity to learn and grow

    Cons

    Freddie can be quite bureaucratic at times.

    Advice to Management

    Remember to trust and empower your people

  8. Manager

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac

    Pros

    Benefits, location, people culture, perks

    Cons

    personal growth, training for managers, people skills, salary, promotions

  9. Great place to work at

    • 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

    having the ability to Teleworking, Benefits, Environment

    Cons

    The Company is currunt in conservatorship

  10. Business Program Manager

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Overall purpose and corporate goals are clearly communicated and followed. You will find more positive people that are a pleasure to work with and inspire you to perform highly!

    Cons

    Being under conservatorship makes long term planning somewhat challenging, but strong leadership that provides vision of what the organization should look like tomorrow, helps greatly!

    Advice to Management

    Keep promoting from within and recognize the talent you have created from years of thoughtful leadership, even through times of crisis. Continue to promote women to your senior ranks! The talent is there, but you need to reach out to bring them in.

  11. Memorable 8 years

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

    I worked at Freddie Mac

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Laid back work environment, great work life balance, flexible schedule

    Cons

    Due to conservatorship there was uncertainty about the direction of the company. There weren't many new technology initiatives and focus was mainly on maintaining the systems, so there were not many advancement opportunities in technology.

    Advice to Management

    I don't know if management can do much as they have to follow the direction set by the conservator, until congress figures out what to do with GSEs there doesn't seem to change much.

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