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
Dec 16, 2011
Recommend
CEO approval
Business Outlook

Pros

It is a very employee-focused company, with many events designed to help decrease employee stress levels and to give them a reason to come to work. We had National Pancake Day, where we were greeted with pancakes, sausage and orange juice for breakfast. This company has subscribed to the "Fish Philosophy" and a "Get on the Bus" iniative and recognizes those who do a good job, sometimes even a handwritten note from one of the higer ups. It employs a majority of females, due to the industry, so it's a nice break from any male-dominated industry.

Cons

Due to the economic problems, the bank has suffered, recently selling its branches in Indiana and Georgia. There are not many options to move up in the company, (at least until the economy recovers fully) as positions have also been eliminated.

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.

Viewing 937 - 939 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.