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
1.0
Jun 28, 2023

A Nightmare Experience!

Recommend
CEO approval
Business Outlook

Pros

Zero pros for this company.

Cons

I worked at Flagstar Bank for what felt like an eternity, and I can confidently say it was the worst professional experience of my life. If you're considering a career in banking, run far away from this abysmal institution. Firstly, the management at Flagstar Bank is a complete disaster. They have zero regard for their employees' well-being or career development. You'll find yourself drowning in a toxic work culture where micromanagement and favoritism reign supreme. They seem to take pleasure in setting unrealistic targets and then berating you when you inevitably fail to achieve them. It's demoralizing and soul-crushing. Moreover, the bank's technological infrastructure is an absolute joke. You'd think that in this day and age, a bank would invest in state-of-the-art systems to streamline operations, but not here. Prepare yourself for constant system crashes, sluggish software, and outdated processes that will make your job a living nightmare. It's like they're stuck in the Stone Age. Let's not forget about the abysmal compensation. Despite the overwhelming workload and countless hours you put in, the pay is laughable. You'll find yourself struggling to make ends meet, while the executives sit comfortably in their ivory towers, enjoying massive bonuses. It's a slap in the face and a blatant disregard for the hard work and dedication of the employees. Lastly, if you dare to voice your concerns or suggest improvements, be prepared to be ignored. The bank operates in a top-down manner, where your opinions and ideas are dismissed without a second thought. Your voice doesn't matter here. To sum it up, working at Flagstar Bank is a soul-sucking experience that will leave you emotionally and mentally drained. The management is incompetent, work-life balance is non-existent, technology is archaic, compensation is a joke, and your voice goes unheard. Spare yourself the agony and seek employment elsewhere. This bank is a sinking ship, and you don't want to be onboard when it goes down.

1.0
Dec 12, 2022

Worst Manager Ever

Recommend
CEO approval
Business Outlook

Pros

Flexibility with work location usually

Cons

The WFM Manager is the worst manager I have ever had the displeasure of working with. They do not encourage or support individuals or the team at all. If you don't have an air tight reason for doing something, you will be thrown under the bus. I was promised certain tools to do the job and after 6 months of being told, "I don't know how to help you or what to do other than point you to someone else" I had it. When you have to create something brand new because the old processes are so manual and archaic with no reasoning, organizational knowledge or documentation, AND you get in trouble because the new processes aren't perfect day 1, but they save over 2 hours every day, there has to be some give and take. Would you rather have someone doing data entry and make mistakes or create a process that can be improved and refined to eliminate all future mistakes. The manager was the most disengaged, defensive and aggressive individual I have encountered in management. They will go weeks without talking to you and then get mad at you for things that were never communicated or their importance was not made known.

1.0
May 14, 2019

DO NOT WORK HERE

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They look like a good company at the beginning.

Cons

Worst company to work for . They don't respect their employees. If some manger don't like you because of your race or for a personal reason, you can get easily fired for no obvious reason.

Viewing 10 - 12 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.