Fannie Mae - No room for growth, favoritism culture dominates | Glassdoor
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There are newer employer reviews for Fannie Mae

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Helpful (3)

"No room for growth, favoritism culture dominates"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Project Manager in Washington, DC
Current Employee - Project Manager in Washington, DC
Recommends
Neutral Outlook
No opinion of CEO

I have been working at Fannie Mae full-time (More than 8 years)

Pros

Competitive salary, training, good benefits

Cons

Favoritism culture by upper management in promotions is wide spread; people with least experience are selected for managing other people. Annual assessments are performed confidential; management does not tell you the reason behind their performance assessment due to a confidentiality clause to protect managers; this leaves the door open for retaliation and unfair reviews by managers.
Employee wellness has little weight for managers; I was told by a manager that a manager should just support his supers and not to worry about his employees because either employees are good and know how to do their jobs and if they are not, then...
Employee retention is not a concern for the company; they are pushing experienced employees out the door and are replacing them with inexperienced ones with lower pay. Recruitment is done by people who are not expert in the field for specific position

Advice to Management

Care about employees first and then your superiors, be fair and do not promote culture of favoritism.
Share the wealth; company generated 84B last year and employees received a cup cake as token of appreciation.
Executives; ask employees to perform anonymous survey on their managers and directors twice the year to ensure employees are heard too.

Other Employee Reviews for Fannie Mae

  1. "Good"

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

    I have been working at Fannie Mae full-time (Less than a year)

    Pros

    Good as you get along

    Cons

    no need to be conservative

    Advice to Management

    Needs to be more responsive


  2. "Just Ok"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Salary is good. Work life balance is good.

    Cons

    Company culture is so stiff. Long time before promotion. Politics.

    Advice to Management

    We should work from home more.

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

See Most Recent

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