Fannie Mae reviews

Hiring Process. The hiring process is slow and cumbersome. Unless one can use an alternative offer as leverage, from initial contact to offer can take months. And often, interviews are conducted but forgotten shortly thereafter due to a management change or restructuring, which happens much more often than it should. Management Structure. There is a caste system that exist at Fannie Mae between managers and “individual contributers,” and the management hierarchy is enormous, culminating with an exhorbitantly-paid group of executives who are regarded equal to royalty. Because the goal of most of the management staff is to move up into the executive ranks and because the risk averse nature of the company means that promotions can easily be vetoed by just one person, a “suck-up” culture has evolved where any request from senior management no matter how ludicrous is treated as a royal decree with little pushback from middle and lower management. This means that the “individual contributors,” the ones having to deal with such requests, can sometimes find themselves overburdened as the brunt of “tall tale” directives that may have begun as a casual request but grown into major “fire drills” as they have been delegated down the chain. Management Competence. One often wonders whether the push on diversity has succeeded at the expense of competence, particularly at the Director and Vice President levels. It is completely mindboggling how some of the most complex and innovative analytical models can be rejected by managers because the results to not conform to the managers’ preconceived notions. Isn’t that the point of having models to begin with? I can personally recall having to create a spreadsheet with numerical examples for a Vice President to explain why (A*B)+(C*D) will not equal (A+C)*(B+D). Status of Tech Workers. There is less formal heirarchy at Fannie Mae with Financial and Risk at the high end and technology at the low end. Generally, technology workers are not regarded very highly because senior management does appear understand technology. Morale. Because of the government has plans of closing down Fannie Mae, there have been waves of layoffs. As a result, the morale is low and most people are looking for some type of work outside Fannie Mae, in spite of management reassurances that Fannie Mae will be around for a while. This should cause one to consider the reliability of management guidance at the company.

Both management and employees will enter your personal matters unknowingly to you (without your consent) and use that to discriminate against you. They have internal spies (employees within the company) within the company to follow you around and make reports on you like who your acquittances, contacts, friends and family members are (discriminate against you). Directors, managers and employees make their own entourages to attack you and try their best to wrongfully terminate you. Both management and team leads do not give adequate work to employees. Then, both managers and team leads complain that employees are not doing a good job. Both managers and team leads have a habit of changing their minds constantly of what they want and need done. Without your consent, managers and employees will screen your personal electronic devices (Phones, Computers etc) phone read your personal text messages, listen to your personal calls, track you using your phone, etc. whether you are at home or at work. Without your consent, managers and employees will listen to your conversations through your personal phone at home or at work. Moreover, both management and full-time employees treat their contractors very poorly. Even, after wrongful termination both employees and/or former employees will stock you to get any information on your personal matters without your knowledge. Then, both employees and former employees use it against you in any way shape and form. More importantly, both management and employees will use your personal matters against you at your new job. Managers and Human Resources Department will give you bad references when called by hiring managers and recruiters at new companies.