Freddie Mac - Useless work | Glassdoor
There are newer employer reviews for Freddie Mac
There are newer employer reviews for Freddie Mac

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Helpful (3)

"Useless work"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Director in McLean, VA
Former Employee - Director in McLean, VA
Disapproves of CEO

I worked at Freddie Mac full-time (More than 10 years)

Pros

The pay is pretty good compared to other non financial company.

Cons

The work is meaningless. There are a lot of control departments such as internal audit to check oversight department and oversight department checks model department and external auditor such as PWC to check every department in the company. What a joke!

Advice to Management

This place is hopeless. Most of the executive officers are out for money not trying to do the right thing anyway.

Other Employee Reviews for Freddie Mac

  1. "The work pollitics mirror congressional politics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director
    Current Employee - Director
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Freddie Mac full-time (More than 5 years)

    Pros

    Great locations
    Attractive benefits
    Some super smart people

    Cons

    The office politics are usuall zero-sum. People don't get paid a lot so power is about who controls the biggest parts of the business
    The mix of super smart people with mediocre management can be frustrating
    Good ideas die in a field of buracracy where managers seem to get paid to say no.

    Advice to Management

    Perfect is the enemy of good. Consider trying good ideas and adjusting instead of killing good ideas because they're not perfect.


  2. "Great people, interesting work, but uncertain future."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in McLean, VA
    Current Employee - Anonymous Employee in McLean, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Freddie Mac full-time (More than 5 years)

    Pros

    The best reasons to work here are the collaborative culture and the amazing people. As others have stated, the employees at Freddie Mac are fabulous. They are intelligent, motivated, hard working and driven.

    Cons

    Executive management changes frequently and current leadership is very hierarchical and old school. Freddie Mac's future is uncertain and will be dictated by Congress. Frequent negative media attention and there is a general public misunderstanding of Freddie Mac's purpose, mission, and role in the housing market.

    Advice to Management

    Find a way to encourage the already existing collaborative/teamwork environment while addressing inefficiencies that may exist. Collaboration/teamwork and corporate competitiveness in the market are not mutually exclusive goals.

There are newer employer reviews for Freddie Mac
There are newer employer reviews for Freddie Mac

See Most Recent

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