No room for growth, favoritism culture dominates - Project Manager Fannie Mae Employee Review

3.0
29 Apr 2014
Recommend
CEO approval
Business outlook

Pros

Competitive salary, training, good benefits

Cons

Favoritism culture by upper management in promotions is wide spread; people with least experience are selected for managing other people. Annual assessments are performed confidential; management does not tell you the reason behind their performance assessment due to a confidentiality clause to protect managers; this leaves the door open for retaliation and unfair reviews by managers. Employee wellness has little weight for managers; I was told by a manager that a manager should just support his supers and not to worry about his employees because either employees are good and know how to do their jobs and if they are not, then... Employee retention is not a concern for the company; they are pushing experienced employees out the door and are replacing them with inexperienced ones with lower pay. Recruitment is done by people who are not expert in the field for specific position

Explore other reviews about Fannie Mae

5.0
25 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

benefits, pay, work life balance

Cons

no cons to be honest

3.0
5 Jul 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I had thought I’d stay there until retirement. Pay was pretty good and while upward mobility was limited there was an open environment for learning and getting involved in new things. The company was socially conscious with volunteer time available. Flex schedules were available with manager approval and that helped us effectively implement work from home in 2020. We did work a lot of long hours to get projects done but the work seemed to be appreciated and rewarded.

Cons

For a company that had been highly profitable, Bill Pulte came in and started demanding changes for the company to be run more like one on the verge of bankruptcy. Managers were forced to spend significant time managing attendance and schedules and constantly justifying staffing just to have that ignored anyway. Anybody below a Director was cut completely out of these decisions meaning managers would show up to meetings to find the no-shows had been let go with no warning. You just started to see on people’s faces they were miserable, many long time associates quietly hoping they’d be included in the next round of cuts. It’s too bad, a company I had thought I’d retire with really just became toxic.

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