Freddie Mac Reviews

Updated May 9, 2021

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4.1
81%
Recommend to a Friend
100%
Approve of CEO
Freddie Mac Interim CEO Mark Grier
Mark Grier
7 Ratings
Pros
  • "Good mentorship and work/life balance(in 233 reviews)

  • "Great benefits, a lot of like minded and smart coworkers that really help to ensure your success(in 85 reviews)

  • Cons
  • "Still under government conservatorship which brings in some restrictions comany sponsored events(in 56 reviews)

  • "Some folks in senior management are REALLY (x2) bad and that affects the culture of the division(in 33 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Freddie Mac and is not affected by filters.

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    1. 5.0
      Current Employee, more than 3 years
      Featured Review

      Great place to gain experience and build career

      Feb 26, 2021 - Internal Audit Quantitative Analytics Manager in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Freddie and Internal Audit have great benefits and wonderful people to work with. There are many opportunities for growth within the division and within the company.

      Cons

      It either fits or doesn’t. Those who don’t like it leave pretty quickly. Otherwise people stay a long time.

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      1 person found this review helpful

      Freddie Mac Response

      HR Communications

      Thank you for your review and for highlighting our many opportunities and paths for career growth and development. We’re glad to hear you’ve enjoyed your experience on our Internal Audit team, and we’re glad to have you at Freddie Mac!

    2. 5.0
      Current Employee, more than 8 years

      Freddie a great place to work

      May 7, 2021 - Data Analytics Manager in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good culture, great opportunities for advancement.

      Cons

      really no bad con at this point.

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    3. 3.0
      Former Employee, more than 3 years

      Great Resume Builder But Depends On Where You End Up

      Apr 5, 2021 - Business Analyst in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Great name for the resume - McLean campus is large and beautiful - Lots of smart people to work with - Have access to in-house IT support center, fitness center, and wellness center - Subsidized cafeterias and convenience stores - Pay was good though college hires definitely were low-balled - Great benefits

      Cons

      - Most teams tend to be micromanaged by their managers - Most managers were against any sort of remote work in general - Demographic is generally older; people who have worked together for years tend to form cliques that exclude the younger/newer employees - If you're established enough, you could probably coast your way to retirement - Never saw promotions; most people move up by applying internally to other positions - Many people with credentials/certifications are not in management positions - Many people with credentials/certifications SHOULD NOT be in management positions (possibly favoritism) - Because of how big teams/divisions can be, you can feel expendable - Was told there will be no more hiring of contractors, but a lot were hired right after and a new parking garage was build just for contractors (which is a nice gesture - not mad about that) - Traffic to the McLean office is TERRIBLE

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      3 people found this review helpful

      Freddie Mac Response

      HR Communications

      Thank you for your review. We take all feedback seriously and appreciate you taking the time to provide it.

    4. 3.0
      Current Employee, more than 5 years

      A Hot Mess of IT Tech Debt and Getting Worse

      Feb 21, 2021 - Senior Software Developer in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Cafeteria is/was great. Can be a good place to spend 2-3 years learning a technology to advance your career as long as you leave before you stagnate.

      Cons

      Extremely byzantine bureaucratic IT systems that make everyone's job harder (except for those whose job it is to manage those systems). Management only pays lip service to fixing any of it. Classic case of "Hairball Architecture" despite massive Enterprise Architecture team whose job you would think is to prevent that.

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      7 people found this review helpful

      Freddie Mac Response

      HR Communications

      Thank you for your review. We take all feedback seriously and appreciate you taking the time to provide it.

    5. 3.0
      Current Employee, more than 5 years

      Agile is Fragile and so is Management

      May 4, 2021 - Software Developer in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great food and facilities (gym included), great pandemic response, laid back atmosphere, tuition reimbursement, good benefits, decent pay, they hire good, smart people at non-management positions

      Cons

      1. Most managers manage upward (aka always trying to impress/appease higher-ups). That's not to say they don't care about their own employees, but most of the time, any pressure from above trickles downward. 2. Most business personnel and management don't seem to understand the Agile methodology, using it to excuse bad planning, poor foresight and requirements and even whole pieces of functionality changing at an alarming rate based on feedback from above. 3. Product analysts and owners are not trained properly in how to write proper requirements or how to perform real data analysis. I was told this by multiple product analysts who left the company or went to other parts of the company, and it really shows. 4. More often than not, developers are asked to do everything. Anything that requires actual troubleshooting or problem solving within a product team is passed off to developers. As a developer, you will deal with QA testers, product staff, business and management whining about environments that are down at any/all hours like helpless children. After several months/years, it does grate on you. 5. Developers receive a ton of blame for things that are out of their control. For example, if requirements are not fleshed out/wrong, it is because the developer did not bring it up in the grooming session (before they actually analyzed the requirement). If an environment goes down (which its IT, it happens sometimes) and someone can't meet a sprint goal or deadline because of it, the development team is blamed. 6. So much legacy work. I'm on a modern delivery team, yet my management has told me that knowing the legacy Weblogic systems gives me more job security than the Spring Boot API I am working on. 7. The product ownership/business will not take responsibility for bad planning or lack of foresight. It is our job as the development team to adapt on the fly even if it requires duplicate work, weekend work and late hours to complete the sprint goals. 8. If we do not complete our work for the sprint for whatever reason, it is called out as problematic, but they will do it in a passive aggressive way. 9. Hard work being left out of product demos because "the business wouldn't be interested in that," so why are we doing it? 10. The scrum master role has no power to influence anything at this company. You are given a crown from Burger King, and you are told to make sure the sprint goals are met with little/no support. 11. Most developers get burnt out due to lack of interest, too many (non-paid if you're Professional or above) overtime hours and trying to please higher ups that will turn on you in an instant for something like time entry (even though you're a salaried employee). 12. Some technology is old. Too many legacy apps still, but they are working on it. 13. Blame/shame culture surrounding administrative tasks or not completing work on time for whatever reason.

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      1 person found this review helpful
    6. 5.0
      Former Employee, less than 1 year

      Best place to work at

      May 3, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      LOVED working here - great team, management, amazing office which was renovated recently

      Cons

      lots of re-orgs upper management is always changing

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    7. 4.0
      Current Employee, more than 8 years

      good employee

      May 9, 2021 - HSE Specialist 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      everything outstanding alot of good people

      Cons

      leadership, too many meetings, too many reorganizaitons

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    8. 5.0
      Current Employee, less than 1 year

      Great company

      May 3, 2021 - Data Entry in Reston, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The manager was a good guy

      Cons

      Nothing is there to complain

      Continue reading
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    9. 5.0
      Current Employee, less than 1 year

      A phenominal company to get started in CMBS

      Apr 27, 2021 - Asset Management Associate in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Amazing Benefits - Friendly Coworkers

      Cons

      - HQ in McLean VA, rent is high in the area and can be tough to save income as an entry level employee

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    10. 3.0
      Current Employee, less than 1 year

      Excellent Work Life Balance

      Mar 17, 2021 - Transaction Manager in McLean, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You don't have to work +50 hour weeks, excellent package of benefits (student loan support, automatic 2.5% 401K contribution, backup child care subsidy, adoption benefit, $10k in education support, etc.), generous paid time off, lots of various company sponsored social groups to join, work from home options even before the pandemic. The company truly makes work life balance a priority.

      Cons

      For mid career professionals, there is very little advancement opportunity. Once people here get to Director, but especially VP, they typically don't leave until retirement or a reorg. Getting to Director is often quite subjective and politically influenced (or luck). To advance you need a lot of "perception" value, and often need a VP or Senior Director who pseudo sponsors you, etc. Whatever your job title, or the job description you applied for, your actual job may be different. Often times you have to figure out the job on your own. Your experience here is HIGHLY, HIGHLY dependent on who you work for. While this is true everywhere, its magnified at Freddie.

      2 people found this review helpful

      Freddie Mac Response

      HR Communications

      Thank you for your review and for sharing your positive experience with our benefits, our focus on work-life integration and our flexible work arrangements. We believe these are crucial elements of employee well-being, which is our priority. If you’re looking to advance, we encourage you to speak with your manager about projects you can take on or skills you can learn to grow in your career. We take all feedback seriously and appreciate you taking the time to provide it.

    Viewing 1 - 10 of 1,184 Reviews

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