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
3.0
Dec 10, 2011

OK place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Used to have a pretty good management trainee rotation program, but I heard it has since been discountinued. - Generally friendly people to work with - There was not a strong expectation to work more than 40 hours in my area

Cons

- The banking industry can be depressing to work in especially when I was there in 2008 and watched an entire department get cut - Some significant silos were in certain departments (from the top down) - Pay didn't seem that competitive, although the economy was partially at fault because I worked there 2006-2009 and salaries were frozen

4.0
Dec 7, 2011
Recommend
CEO approval
Business Outlook

Pros

Willingness to move onto new technologies, REST SOA type approaches. Independence and autonomy can be nice, so long as you get good work done in the end.

Cons

Management Change-Over a couple of years ago, and being owned by venture capitalist means a sale of the bank to a bigger bank is likely and the inevitable shakeup that will cause has caused a brain drain of experienced knowledgeable employees, this can be viewed as more opportunity for new people joining the organization to fill such openings.

1.0
Oct 26, 2011

Stay away!

Recommend
CEO approval
Business Outlook

Pros

Not much to go on. Co-workers are great to work with and benefits are decent.....Get some vacation but seems like a guilt trip anytime you asked for it because staffing is so poor.

Cons

Poor management Poor compensation Extemely short staff Poor attitudes Micromanagement by force of upper management Little opportunity Poorly run company

Viewing 940 - 942 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.