Freddie Mac Reviews | Glassdoor

Freddie Mac Reviews

Updated November 16, 2017
702 reviews

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3.4
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
252 Ratings

702 Employee Reviews

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Pros
Cons
  • You usually won't see or hear much from senior management (in 31 reviews)

  • Work/life balance can be compromised at times (in 13 reviews)

More Pros and Cons

  1. Featured Review

    "Great place to work! Great leadership who walks the talk!"

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

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Great work life balance, benefits and leadership! Senior leadership is very up front and honest with employees! There’s no tolerance for unethical behavior like I’ve seen at other places!

    Cons

    Would love to have more vacation time after 3 years vs 5 but overall the company is very generous with time off.


  2. Helpful (1)

    "Leadership Quandary"

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

    I have been working at Freddie Mac full-time (Less than a year)

    Pros

    1. convenient location
    2. nice benefits
    3. past few years IT and business have seen dramatic transformations and introductions of very compelling products over cutting edge infrastructure

    Cons

    Recent leadership changes has put the top tier team in a state of quandary and the company is about to become the heaven for pricey consultants churning out mindless decks all over again while the team will be running like headless chickens.

    Advice to Management

    prioritize and communicate clearly. Don't waste time seeking advice from external consultants what to do when the journey is known and we are already on course.

  3. "Steady Freddie"

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

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

    Pros

    Cafeteria, vacation time, tuition reimbursement, housing closing assistance, laxed environment (depending on your group), somewhat flexible

    Cons

    Some orgs are much better than others. Many forced into managerial roles with no interest in managing people. Favoritism even with underperforming staff. Too much overhead. Groups just keep hiring more and more project managers and program managers in the hopes of making the people actually doing real work expendable. Takes forever to get things done. Everybody has a 2 week SLA. Proposed changes to production support model were ignored. L1 and L2 are rendered useless. ALL weekend activity (including minor patching and mostly everything else) goes directly to L3. Too many H1Bs with bad attitudes.

    Advice to Management

    Promote internally. More importantly, cut ties with TCS, Cognizant.


  4. Helpful (1)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    People, benefits, flexible work schedules, cafeteria, mission

    Cons

    extremely political, managing upwards, slow decision making, lack of accountability


  5. "Good Friendly environment."

    StarStarStarStarStar
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA

    Pros

    Very friendly environment. The manager, team everything is all so perfect. Very satisfied with the work and experience.

    Cons

    No cons for me..loved everyday of my work.


  6. Helpful (2)

    "Mixed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Business Analyst in McLean, VA
    Former Employee - Senior Business Analyst in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Freddie Mac full-time (More than 5 years)

    Pros

    If/when u can get a manager who is your advocate and agree upon the skills u need 2 get promoted and manager will get you the opportunity-good job. I worked at FM for 6 years and only had 3 managers who were my advocates, out +-10 managers.

    Cons

    50% of managers only care about their needs, not what you want (raise, type of work). I got a CEO award, 3 evaluations-exceptional and then stuck with a manager who only cared about what he wanted.

    Company not responsive to external market rates for skills - I was in a group of 10 people who got trained on a new IT method, external market increased salaries for this skill by $20k, and FM would not match salaries - 8 out 10 of us quit.

    Consistently worked +-50 hrs a week


  7. "Senior Risk Analyst"

    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 Freddie Mac full-time

    Pros

    work/life balance, compensation, benefit, flexibility

    Cons

    too much traffic in NoVa

  8. "Professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Freddie Mac full-time

    Pros

    A lot of opportunities to learn new things

    Cons

    Heavily operational firm. Top-heavy. Little room for promotion and growth.

    Advice to Management

    Promote from within please.


  9. "Not a good experience"

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

    I worked at Freddie Mac full-time

    Pros

    work life balance.. good 401k match

    Cons

    HR provides vacation days , but some department won’t allow vacation if you don’t have backup, making it very hard during holiday season.
    Leadership lacking people management skills, they carry final authority above everything and always surrounded by like minded individuals.
    WFH : Monday, Fridays are not allowed
    1-1 : no career development discussion, i had about 2-3 1-1 during my 2 yrs stay

    Advice to Management

    Bring culture change, promote diversity, open environment , promote autonomy.
    Have leadership undergo trainings, so they can foster a healthy work environment where employee need to worry about the work and only work
    Have employess plan vacation, wfh as per their need. it shouldn’t be too much controlled by hiring manager.


  10. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in McLean, VA
    Former Employee - Financial Analyst in McLean, VA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Freddie Mac full-time (More than a year)

    Pros

    Work life balance, big college hire programs so lots of coworkers your own age, large company so you can move within it if you'd like, focus on diversity and various company groups you can join

    Cons

    Bureaucratic, little to no upward mobility, poor management on all levels, salaries and incentives lower than market, work is not stimulating or likely to change through your role.


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