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
Sep 11, 2012
Recommend
CEO approval
Business Outlook

Pros

The only pro is that fact they have health insurance for their employees.

Cons

Working at Flagstar was the worse decision in my life!! They micromanage everyone even the Managers who are meeting their goals. They spend over three hours per week on conference calls of which every discussion is based on what you are doing wrong!!! It is counterproductive and draining. Limited staffing is in the branches and they want the managers to go on business calls but how can they if they are running transactions? If you do not speak the same verbiage as the Market Manager or beat to his drum then you will be targeted for termination. Overall, they are adding more people to the upper management team while removing people from the branches. I can honestly say that it is the worse bank to work for in Michigan!! Lastly, micromanagement to the ultimate level is the fact that they record every conference call so that the market manager can listen to ensure we are using his verbiage. WOW!!! I am looking for a new job because I have to get out of that toxic bank

2.0
Aug 24, 2012
Recommend
CEO approval
Business Outlook

Pros

Ok benefits and time off

Cons

Hour Lunch turns the day into almost 8.5 hours / 7.5 hour days (37.5 hour work week). Too many micromanagers (has to be a vice president for every 5 workers). If you aren't friends with someone you don't move up in the company. There is a reason they got out of two other markets.. Stick to one dress code.. Casual most of the week, once a week shirt and tie, etc. No one cares what they are wearing as long as it looks professional.

Viewing 925 - 927 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.