Fannie Mae - Success is dependent on favoritism and connections, not skills and capabilities | Glassdoor
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There are newer employer reviews for Fannie Mae

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Helpful (3)

"Success is dependent on favoritism and connections, not skills and capabilities"

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
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

Good work/life balance and salary. Not required to work every weekend.

Cons

Long-term prospects of firm are uncertain with all the potential regulatory changes to dissolve it.
Company values are in the toilet as HR and Legal turn a blind eye to unethical practices in hiring, firing, promotions and demotions. The firm is not held to corporate nor government personnel standards.

Advice to Management

Clean up the 'old boys network' corporate culture and ensure that people are placed in jobs in which they have actual job qualifications and experience. Stop the kickbacks to senior executives for hiring contractors.

Other Employee Reviews for Fannie Mae

  1. Helpful (2)

    "Avoid if you like change - used to be a great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director, Technology in Reston, VA
    Former Employee - Director, Technology in Reston, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Fannie Mae full-time (More than 10 years)

    Pros

    Fantastic employees who are willing to make incredible sacrifices for the company, hours, weekend, work-lie balance. They are a "do what it take" group.

    Cons

    Technology organization has lost its way. Outsourcing important work to vendors with very junior resources. Change is bad to senior management - technology used to be empowered to provide value to the business. Senior management has erected so many barriers to deployments that it makes months to deploy simple changes to the production environment.


  2. Helpful (3)

    "The Honest Truth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Resource Center Customer Support Specialist I in Washington, DC
    Current Employee - Resource Center Customer Support Specialist I in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Benefits and "decent" compensation. Decent work life balance. Good "foot in the door" job but most of the time can only transition if you know someone.

    Cons

    Too much favoritism, they hire who they want over qualifications (their own referrals), no room for growth. Continuously adding to job description with no change in compensation.

    Advice to Management

    Value your employees, stand up to YOUR upper management and just don't agree with everything thrown at you. Consider the job we handle (for this position) and know it can be stressful and affect your life outside of work. Have more room for growth and allow for training/career development to broaden your knowledge outside of the regular scope of work. Have better compensation considering the cost of living in dc/md/va and job stress. The retention rate is very low in this department mainly due to management. Hire based on qualifications and work ethic! Great company, sorry department.

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

See Most Recent

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