Pros
Decent 401k, some peers are truly great
Cons
- Highly regulated company. To get a salary increase you have to go through FHFA. Managers do not feel like going through that hassle - Salaries are subpar for Washington, DC (prepare to have a roommate) - Bonuses are miserable. - Directors and VP’s get special treatment. They break all the rules and nothing happens - Some VP’s abuse benefits. They will spend over $100k traveling and staying at hotels so that they can live the good life at a cheaper city while hard workers have to find ways to afford living in DC - Performance Management tool is a joke. Everybody knows it, everybody complains about it and nothing is done to change it. Managers will sacrifice new employees to give more senior employees a better rating since a bell curve needs to be satisfied. So, you will not get the subpar 3% they “guarantee” even if you meet expectations. Same goes for the “bonus” - I moved offices 3 times in under a year. Signed a year lease and was never told we would be moving prior. I found during orientation - Management thought it would be fair to just give a $1,200 yearly raise to offset moving the office to midtown. That is not enough to cover gas and parking. Most people will need to spend an extra 30 minutes commuting and pay more in rent to live closer. - People are rude in the company as most people in DC - VIP parking (within the same building) was assigned via a “lottery”. Two drawings and “surprisingly” all managers and above got a spot - Serious ethical issues such as directors wanting others to fail to look good or just say “I told you so” - Constant power struggle amongst management - No one works on Fridays; they just keep Jabber active and pretend to be working - No assigned offices. There is a 40% deficit in available seats in the new building. Let’s see how that works out on Mondays through Thursdays - Life balance is non-existent. Managers will make you work on weekends and holidays. They will not explicitly tell you, but give you deadlines that leaves that as the last resort