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
Jun 20, 2023

One of the worst in the Industry

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Coworkers are nice to work with

Cons

Management sucks they micromanage everything and hold you accountable for everything with lack of training. Pay is VERY LOW for anything that you do and they try every way to not give you the little bonus they offer. They do a massive hiring to do massive firing/layoffs

1.0
May 22, 2023
Recommend
CEO approval
Business Outlook

Pros

Pay and benefits are on par with others in the category. Team members are supportive. Federal holiday schedule is great.

Cons

Sandro was a great CEO and person that made each employee feel valued. That feeling is gone for many. The merger has ruined the culture. I would suggest anyone looking for a banking career to look elsewhere.

2.0
May 2, 2023
Recommend
CEO approval
Business Outlook

Pros

Decent Benefits, office headquarters renovations

Cons

Ugh…where to start? Nepotism in IT, basically a bunch of ex-Ally Financial employees. Very cliquish. Merger with NYCB destroyed the Flagstar culture, communication for senior management is nonexistent. New CEO mandates return to office, although we did fine working remotely. Outdated technology , reduced bonuses - stay away.

Viewing 19 - 21 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.