Flagstar Bank reviews

2.8

29% would recommend to a friend

(974 total reviews)
avatar

Alessandro P. DiNello

36% approve of CEO

21% positive business outlook

Flagstar Bank has an employee rating of 2.8 out of 5 stars, based on 974 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Flagstar Bank employee rating is 25% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

974 reviews
1.0
Jan 15, 2015

Rocky Ride

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The company has benefits including healthcare, vision, dental, and life insurance. The company observes 11 holidays with pay, and now offers one paid community involvement day to participate in volunteer activities the company supports. The work environment is such that folks do work hard to solve problems and accomplish objectives at the individual level, department level, and organizational level.

Cons

The leadership turnover is crazy, which produces a whiplash affect on the employment base due to new directions, new processes, and new ideas of how they want things done. The out of pocket costs for premiums, co-pays, and co-insurnace are higher here compared to other employers I've worked for at the same level of coverage. This could be due to higher costs of healthcare overall, and/or due to the financial stability of the company. The payscales are published which show huge six-figure salaries, but good luck in ever really getting ahead via promotion or via substantive merit increases. The full time employee headcount is fixed which means new positions which could pay more cannot be created to allow promotions within, and the promotion opportunities that do exist are most often filled from the outside. The company lacks a 360 performance review of management to allow feedback on how they are performing, so your boss can get away with behavior that her/his boss doesn't even know about. Despite huge layoffs leaving only the best employees, the company has decided to make those who remain feel even worse about their individual performance by limiting the % of people who can get "outstanding" and "above average" performance ratings, and wants most everyone to be in the "meets" performance goals rating to pay little to nothing for our contributions.

1.0
Dec 31, 2014
Recommend
CEO approval
Business Outlook

Pros

Paycheck every two week 37.5 work week (pro and con)

Cons

Hours changed weekly No incentive programs No OT Progression to other departments nonexistent

1.0
Dec 10, 2014

Abusive Environment

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I loved what I was doing and my customers but I had to quit because it was way too stressful working for a manager who was abusive towards employees in Orion. Many quit before and after I did and she is still there? This is the problem at Flagstar.

Cons

Terrible hours at branches. Dangerous environment. Locking a person in a branch by them selves after everyone had left for the day so they can run the drive thru a little longer and exit building by themselves!

Viewing 838 - 840 of 974 Reviews

Glassdoor has 1,069 Flagstar Bank reviews submitted anonymously by Flagstar Bank employees. Read employee reviews and ratings on Glassdoor to decide if Flagstar Bank is right for you.