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Freddie Mac Reviews

Updated January 2, 2018
117 reviews

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2.0
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
26 Ratings

117 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. "Executive Office Administrator"

    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
    No opinion of CEO

    I worked at Freddie Mac full-time

    Pros

    Student loan and home purchase benefits

    Cons

    Still offers an extremely unfair, toxic work environment for minority employees. Is very secretive about pay due to inequities and retaliates harshly when legitimate complaints are filed.

    Advice to Management

    Stop your unfair, racist tactics before you’re caught and punished! It would not help your reputation to be proven unchanged.


  2. Helpful (1)

    "Has Freddie Mac lost its luster?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in McLean, VA
    Former Employee - Business Analyst in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Freddie Mac full-time (More than 8 years)

    Pros

    There is no comment at this time

    Cons

    Salaries were not competitive when receiving, what they would call, a promotion.

  3. Helpful (1)

    "tech"

    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
    No opinion of CEO

    I worked at Freddie Mac full-time (More than 3 years)

    Pros

    Benefits are good with wfh options

    Cons

    -No knowledge sharing
    -No responses to email communications
    -adhoc layoffs

    Advice to Management

    people join FMC for the brand and benefits by sacrificing the better paying offers than FMC...Adhoc layoffs will make the people struggle to get back on to work in time.....if thats the case better not to hire full time...keep the contract jobs only...its easy for future employer to understand contract ended vs laid off than suspiciously smelling bad ....


  4. Helpful (2)

    "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.


  5. "its all about the benefits baby"

    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
    Approves of CEO

    I worked at Freddie Mac full-time

    Pros

    Good Benefits. Good People. Nice cafeteria. Chalkboard specials at lunch are pretty good. Some networking events and enterprise resource groups, which can be hit or miss.

    Cons

    Lots of turnover/re-orgs
    Bad management on every level
    No money for career growth (trainings/conferences, etc)
    Lots of red tape
    A few people do majority of the work

    Advice to Management

    Hire better, promote from within.


  6. Helpful (1)

    "Young People Consider Elsewhere"

    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

    OK work life balance, ok benefits.

    Cons

    No opportunities for junior members.

    Advice to Management

    Promote internally.


  7. "Quantitative Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Freddie Mac full-time

    Pros

    people are easy to communicate, the working location is good, free parking lots

    Cons

    very political company, senior management is not good, work-life balance is not good for some groups

  8. "Mos bring place I have ever worked"

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

    I worked at Freddie Mac as a contractor (More than a year)

    Pros

    very nice place to sit down and get board

    Cons

    I wanted to leave before my contract ended


  9. Helpful (3)

    "Good work/life balance, political culture"

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

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

    Pros

    Good work/life balance with few exceptions if you stand up for yourself. Opportunities for skill development inside and outside company. Good CEO tone at the top.

    Cons

    Company is not growing and middle/upper managers stay for decades, so not much room for growth. Little incentive to overachieve, so people end up competing to delegate/do as little work as possible. Not much pride in work. Not uncommon for entry or 5 yr professionals to feel they know and do more than supervisors. Political, not team environment. Might be getting better.

    Advice to Management

    Continue classes to educate employees about the business and implement or enhance promotion of rotational programs.


  10. "Something is wrong at this place"

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

    I worked at Freddie Mac as a contractor

    Pros

    Pay for a contractor above average
    Many social events
    Latest technologies

    Cons

    85% of people spoke with a foreign accent. I found that disturbing since FM is a GSM (Government Sponsored Entity). I am a white male and was a minority there. The only other demographic that was hired less would be African-Americans.
    My team lead (there was no manager for almost a year) would not pay overtime and then browbeat coworkers into not using the comp time they built up. There are so many people from India there, they revert to using business tactics from home which are cold and calloused if not illegal. It is not uncommon to hear people speaking in foreign languages and the social events usually consisted of going to the bar or some Bollywood themed event. The wages although high for specialized contractors, are low and sub-par for full time employees and contractors with generalized skills. Employees in my ares seemed very "cliquish" with an almost unspoken caste system in which certain people were "golden boys" on the fast track and everyone else had to perform those people's work.

    Advice to Management

    Stop using the H1-B Visa program to cut all professional wages to the $60,000 cap based on the program. (If a position pays more than $60,000, you replace Americans with foreigners by stating American people do not have the skill set to complete the job). Trump said he was going to fix this, you should fix it first.


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