Fannie Mae - The best times are over, but so are the worst times | Glassdoor
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There are newer employer reviews for Fannie Mae

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Helpful (1)

"The best times are over, but so are the worst times"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Engineer IV in Washington, DC
Current Employee - Financial Engineer IV in Washington, DC
No opinion of CEO

Pros

Before the financial crisis, this was a great place to work at, great compensation, great benefits, good work-life balance. The housing downturn hit hard and - while being an interesting place to be in, in the middle of the fight - the stress and uncertainty levels shot through the roof.

Those who can weather the storm could very well be rewarded in the end. Fannie Mae might go away in its current form, but cannot disappear.

Interesting place to work from a professional point of view, if you care about credit and valuation models. The benefits are great and compensation is decent. For the Washington, DC area the alternatives are slim.

Cons

Uncertainty about the future, layoffs after layoffs, politics.

Very fat middle-management layer. Everyone pushes to be a director, since in a non-management role you can hit the ceiling fairly quickly. Having a deeper non-management track would go a long way towards solving this and hanging on to the quality people who actually do the work, not just talk about it.

Advice to Management

Keep cutting costs by trimming the fat, define and implement a solid non-management track and the diamond shape will go away.

Other Employee Reviews for Fannie Mae

  1. Helpful (1)

    "Great Benefits horrible Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Approves of CEO

    Pros

    Heres some pros to working at fannie mae
    great benefits
    good location
    not a lot of long hours
    great experience

    Cons

    there seems to be a lot of cons recently with Fannie Mae. The management does a poor job of developing their staff. There seems to be contractors everywhere for every job, which causes a knowledge gap issue. Poor recognition by management for quality reviews.

    Advice to Management

    HR should look to do more of a people manager assessment prior to hiring for management position. Most of the employees there don't leave cause of Fannie but cause of the Management!


  2. "Great for an Analytical and detailed oriented professional."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Engineer I in Washington, DC
    Current Employee - Financial Engineer I in Washington, DC
    Recommends
    Approves of CEO

    Pros

    - Great work life balance
    - Highly intellectual Staff
    - Great communication between management and staff
    - Washington DC is a great place to leave

    Cons

    - slower pace
    - we are in the eye of the financial storm, this comes with additional stresses on the job

    Advice to Management

    The communication is great, the management seems to be stirring the company in the right direction. Expediting tough desions would be helpful

There are newer employer reviews for Fannie Mae
There are newer employer reviews for Fannie Mae

See Most Recent

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