Fannie Mae Reviews
Updated May 7, 2021
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Approve of CEO
Hugh Frater
173 Ratings
Pros
"Work life balance is very reasonable" (in 273 reviews)
"Large employer with great benefits" (in 137 reviews)
Cons
"not the best company for work life balance" (in 40 reviews)
"Being in conservatorship can present some limitations" (in 33 reviews)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
Ratings by Demographics
This rating reflects the overall rating of Fannie Mae and is not affected by filters.
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- Former Employee, more than 8 years★★★★★Featured Review
Pros
Flexibility when needed, collaborative environment, supportive management, good benefits
Cons
No cons to report at this time
- Current Employee, less than 1 year★★★★★
Pros
Positive Team environment, flex schedule and remote option available
Cons
Too many long hours at nights and weekends
- Current Employee, more than 3 years★★★★★
Pros
Overall I think Fannie Mae is a great place to work at. They provide a very competitive salary with some of the best benefits I have ever seen in a company. Bottom level employees start with 3 weeks PTO, 2 weeks paid sick leave (which everyone uses as PTO), 1 day a month to volunteer somewhere while paid, they pay out $10k to help you towards buying a home, great 401k match, the list can go on for a while. During covid no one received a pay cut which in itself is a true blesssing and also speaks to the resiliency of the business. Great work culture. They are committed to career development. I feel like my managers listen to where I want to go with my career and position me into projects that would support that. Any training i have ever asked for has been approved and paid for. Also with such a large company you are always working in a multi discipline environment and getting to work along side people of diverse work backgrounds has been such a great experience for my career. Definitely would recommend working at Fannie Mae.
Cons
There is a a lot of bureaucracy and political-ness amongst various business units. The company is so big that departments are operating as somewhat separate companies and will compete for similar business. Some coordination in this would seem like an easy way for the company to save money.
- Current Employee, less than 1 year★★★★★
Pros
- Mission-driven - Committed to excellence - Strives to embetter communities across the country - Top talent working environment
Cons
- Pay compared to financial services market as a whole - Too much middle management - Limited growth opportunities (up, though there are some lateral learning opportunities)
Continue reading - Current Employee, more than 5 years★★★★★
Pros
Smart and nice colleagues, friendly work environment and good company culture
Cons
The management squeeze the people below as much as they can. Super long hours for project work due to under staffing/funding, reduced benefits, no annual pay increase based on merit, hiring freeze, and less and less growth opportunities. Workload keeps getting more while head count is being cut. The management doesn’t want to add head count because it will make things look “inefficient”. What makes it worse is even when the team back fills a senior staff that has left, the opening is usually a junior staff position. Poor hardworking junior staff never get to move up. By saving a little cost in this way it lowers morale deeply and doesn’t help keep good employees.
- Current Employee, less than 1 year★★★★★
Pros
Great place to work here!
Cons
Can we all just have world peace
- Current Employee, less than 1 year★★★★★
Pros
Salary is comparable with market place value
Cons
Benefits sucks and need to be reevaluated
- Former Employee, more than 3 years★★★★★
Pros
The culture was enjoyable, there were work events to help you feel appreciated, a lot of opportunity to network and shift around in the company
Cons
Pay was lower than market value due to going from contractor to full time
Continue reading - Former Employee, less than 1 year★★★★★
Pros
Amazing benefits Good work culture Mid level management is amazing
Cons
Worked for this company for over 5 years and never received a job offer for many jobs that I was well qualified for.
Continue reading - Current Employee, less than 1 year★★★★★
Pros
Fast-paced, exciting, emphasis on learning
Cons
Very bureaucratic, still under conservatorship.
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