Flagstar Bank reviews

2.8

30% would recommend to a friend

(972 total reviews)
avatar

Alessandro P. DiNello

37% approve of CEO

22% positive business outlook

Flagstar Bank has an employee rating of 2.8 out of 5 stars, based on 972 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

972 reviews
4.0
Mar 1, 2014

Pretty good company to work for.

Recommend
CEO approval
Business Outlook

Pros

Great benefits program. Work hours are extremely family friendly. Training available to those seeking it. Encouraged to handle customer complaints on your own.

Cons

Flagstar has little room for advancement. Management positions are held by longtime employees. The economy has resulted in layoffs in the company.

2.0
Feb 27, 2014
Recommend
CEO approval
Business Outlook

Pros

Never had a paycheck bounce, payroll taxes were always paid, and benefits were OK, though getting worse.

Cons

Was laid off from a 100% commission position, in a declining market. That's pretty much unheard of and indicative of how this management team is really just in over their heads. I think there have been 4 CEO's since 2008, which again is unheard of. The banks profits come from the mortgage business and unfortunately this bank is the wrong size. Too big to be customer friendly and too small to play with the big boys. The wholesale sales team is now being run by three people, all of which were over promoted to just be regional managers, now they get a chance to mismanage the whole division. I'm glad to be gone.

1.0
Feb 8, 2014
Recommend
CEO approval
Business Outlook

Pros

PTO time and the cafeteria staff is only pros for this place

Cons

Never want to hire within or allow employees to move up within. Poor pay, managers who micro manage your every move. Managers who won't take advise from employees on their every day work.

Viewing 883 - 885 of 972 Reviews

Glassdoor has 1,067 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.