Freddie Mac as a Career

Hey all,
I am a current senior in college, and I was very lucky and fortunate enough to receive offers from Freddie Mac as a capital markets analyst. 

Do you guys think starting a career as an analyst at a government-sponsored enterprise is a good choice for a beginning career? Any 2-cents from you guys would greatly be appreciated (Job prospect, exit opps, pay etc.) 

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Comments (17)

Oct 12, 2020 - 9:35am

Coming out of UG, your options for direct institutional real estate jobs is more limited than it will be later. More and more firms have requirements/desires for grad degrees even for entry level. Thus, a job like this is a great placement out of UG. If you want to shift in 3+ years, you should have options or could go to grad school to go really high octane if desired.

In short... the best job is the one you get offered! And this is a good one by all objective standards. 

Oct 12, 2020 - 10:05am

Hey, thank you so much for your input! TBH, I still don't know what I want to do after graduation, partly why I applied to many rotational programs and this is one of them. I also have a competing offer from one of the Big 4 as well. What would you say the biggest advantage is with this option of working for direct institutional real estate? 

Oct 12, 2020 - 10:58am

What type of role at a big 4? Unless you are fairly specific about role/group/team, etc. its hard to say much. Generally, advisory type roles at those firms are pretty rote especially out of UG. Not bad in anyway, but if you are thinking from a CRE/institutional career perspective, Freddie Mac beats a big 4 hands down (my personal opinion anyway). It is sort of the difference of being on the "inside" vs. being on the "outside looking in". 

The advantage of working in a direct principal shop (which Freddie Mac qualifies as essentially) is you are part of real deal flow, investment decision making, and active risk management. Of course, as a junior cap markets analyst, I wouldn't expect you to do much high level investment decision making or even recommendations, but you are surrounded by those who do. 

Agency experience is valued by the cap markets world in general and course the multifamily world. You will get nods of respect for working there.

Oct 12, 2020 - 12:01pm

Wow this is some very concrete advice...thank you so much. Really, really appreciate it.
The role at bi4 will be risk advisory, specifically Financial Services Regulatory Compliance Risk. This could be an easy decision for many, but I honestly don't know what I want to do right out of college, which is pretty embarrassing to say..

I guess what I'm mainly looking for is exit opportunities in the future (Possibly even international) and the learning curve I will gain from working. 

Oct 12, 2020 - 2:06pm

CM Newbie

Financial Services Regulatory Compliance Risk..

I guess what I'm mainly looking for is exit opportunities in the future (Possibly even international) and the learning curve I will gain from working. 

I mean, if you are looking for exit ops in real estate, Freddie Mac is the only choice. Fin services regulatory compliance risk is far from direct real estate, miles apart, with some minor overlap (real estate loans produce a big source of risks for banks). Personally, that sounds boring as hell to me, but someone has to do it (YMMV). 

If you want banking and pure finance exit ops, its more of a toss up, the Big 4 gig may be better (not really sure, outside my area). If you want institutional/principal roles in CRE, Freddie Mac hands down. 

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Oct 12, 2020 - 10:27am

out of undergrad this is among the best offers you can get

personally I would only consider other $85k+ offers outside of NYC/SF over Freddie/Fannie, or $100k+ offers in nyc/sf

Oct 12, 2020 - 12:04pm

Really? That is great to hear! The whole recruiting process for this role was very competitive but didn't know the job was good to this much of an extent. 
May I ask why you would think this offer is solid coming out of undergrad? 

  • Associate 2 in PE - Other
Oct 12, 2020 - 12:07pm

Watch out, the guy above you works in risk management at Freddie so he'll cum in his pants whenever it's mentioned in a good light.

This is a good role, yes, but unless you want to be delegated to a very specific type of multifamily financing, do your time and find something better

  • Investment Analyst in RE - Comm
Oct 13, 2020 - 1:38pm

If you want to stay in RE Freddie will be a better option. I have worked at Big 4 in audit and at a Fannie/Freddie lender. Freddie will give you much better exposure to deal flow, decision making, borrowers, lenders, financial markets, underwriting etc. than you would get as a Big 4 staff. Hours should be less, pay will also probably be better and the promotion structure is less rigid. The one thing to watch out for is that you might be pigeonholed as a multifamily person if you stay for a long time, which is fine if you like the asset class but something to think about.

It will be an interesting time at Freddie as they are looking to exit conservatorship at some point in the next decade.

Jan 29, 2021 - 12:33pm

Does anyone here work at Freddie? Trying to understand the interview process better because I've had two interviews with them recently for a position and have followed up by email a week later, then by phone another week after that. They haven't gotten back to me on which direction they're taking and I am getting frustrated. Any help is appreciated.

  • VP in RE - Other
Jun 6, 2021 - 3:55pm

when do you make 150K+ base at Freddie? With overtime/bonuses do analyst/associates ciats get there or do only senior level managers get to 150K+? What are bonuses like? Any opinions on working for Freddie vs agency lenders like Berkadia or walker Dunlop? What are the pros/cons? Thank you. 

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