Fannie Mae Reviews | Glassdoor

Fannie Mae Reviews

Updated April 21, 2019
1,096 reviews

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  1. Helpful (1)

    "Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great work life place. Pay well.

    Cons

    Heavy office politics. Culture can be vary based on the department.

    Advice to Management

    Focuses more on the talent development.


  2. Helpful (1)

    "Solid Company; Hard to get promoted"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fannie Mae full-time (More than 5 years)

    Pros

    Great benefits: 401k: 6% full match + 2%. Maternity: 10 weeks full pay. Subsidized parking and metro benefits. Guaranteed bonuses after a certain level.

    Cons

    Difficult to get promoted within the role. Need to apply to new role to get level increase.

  3. "Great company!"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time (More than a year)

    Pros

    Great management and flexible. Good hours

    Cons

    None they were great compay


  4. Helpful (1)

    "Many opportunities for career moves. Management could use additional training."

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

    I have been working at Fannie Mae full-time (More than 5 years)

    Pros

    It is a large company with many opportunities for lateral career moves and upward mobility. The compensation and benefits are generally meet industry average.

    Cons

    Job titles and pay grades are confusing and sometimes inappropriate based on the role. Varying levels of experience amongst managers with different standards of performance expectations (some are harsher or more perfectionistic while some are more lenient or more realistic) and sometimes unclear, shared, or split responsibility for employees which is a common management mistake. Work/life balance varies across different teams as some teams offer less flexibility than others. Visible difference between treatment of FTEs and contractors. Common theme amongst numerous contractors that they wouldn't want to work at the company full-time.

    Advice to Management

    Management needs further training on how to effectively evaluate performance, coach and develop employees. Perfectionistic managers may stunt career growth and development of employees and inaccurately assess consistency of performance based on proven track record of delivering upon goals. These types of managers do very little to support the professional growth and development of employees and do not have supportive relationships with their directs but rather treat their professional relationships as business transactions instead of a human connection. At the relationship level, harsher managers may sometimes do more damage than good in order to meet overly aggressive business goals.

    More lenient managers tend to have better relationships and tend to be more realistic about an employee's strengths and weaknesses and are better at identifying a good fit for their skillset. At the same time, these types of managers may not enforce the same high standard for performance expectations.

    Management should work to strike a balance for this.


  5. Helpful (1)

    "Company that is changing"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time

    Pros

    Company is moving to a more agile work environment. Dynamic grouping allows for more targeted solutions and problem solving. Very good benefit package available to employees.

    Cons

    Quick moving environment, where things are not always in sync. Change can be challenging and may not be easy for everyone. Talk of work/life balance not always reflective of reality


  6. "Work culture"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Reston, VA
    Current Employee - Anonymous Employee in Reston, VA

    I have been working at Fannie Mae full-time (More than 3 years)

    Pros

    Good company with benefits and perks

    Cons

    Too much politics and no one cares for the hard work and contribution


  7. "Awesome benefits and great place to work"

    StarStarStarStarStar
    Current Employee - Devops Engineer
    Current Employee - Devops Engineer

    I have been working at Fannie Mae full-time

    Pros

    - Flexible with working from home and PTO
    - A lot of amazing benefits
    - Unlimited sick days

    Cons

    - Work life balance really depends on the team you're on

  8. "Mixed Bag"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager
    Former Employee - Project Manager
    No opinion of CEO

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

    Pros

    Benefits, flexible work hours, casual dress, telework

    Cons

    Systematically getting rid of experienced personnel, just like any other corporation in that it is no longer employee-focused. They got rid of the Pension plan.


  9. "Pretty good place to work"

    StarStarStarStarStar
    Current Employee - Project Analyst IV in Washington, DC
    Current Employee - Project Analyst IV in Washington, DC

    I have been working at Fannie Mae full-time (More than 3 years)

    Pros

    Competitive salary
    Very good benefits
    Reasonably good job security

    Cons

    Frequent re-orgs
    Can be difficult to move up


  10. "Innovative Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst II
    Current Employee - Business Analyst II
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I've been working at Fannie Mae for almost a year and since I have arrived, I have definitely witnessed the innovative culture. Things are always changing and I love it. The most inspiring thing is all the change that is happening at Fannie Mae is centered around the customer.

    Cons

    Still a lot of firm politics that you have to navigate through. Could be hard for employees to be promoted because of this.