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      Flagstar Bank

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      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

      Ratings by category

      3.6

      Diversity & inclusion

      3.3

      Work/Life balance

      2.8

      Culture & values

      2.7

      Compensation and benefits

      2.6

      Senior management

      2.5

      Career opportunities

      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).

      Ratings by demographic groups

      Reviews by job title

      974 reviews
      3.0
      May 21, 2012

      I was promoted from within and given room to grow, but remain very underpaid and slightly overworked.

      Systems administrator
      Recommend
      CEO approval
      Business Outlook

      Pros

      New hires are generally well paid and given opportunities to establish themselves. Support for training and professional development is also generally high. The bank is also frequently investigating or implementing new systems to bolster it's mortgage and lending platforms.

      Cons

      At times management and it's actions completely disconnect from reality in the IT department. IT makes solving problems long term very difficult. I can't speak for banking. The new management seems to be aligning the banking and lending arms with the needs of small businesses and mortgage consumers well.

      1.0
      Oct 31, 2010

      Potential Employees - Stay Away

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good Compensation Decent Benefits Work-Life Balance is good

      Cons

      Clueless Management Only people belonging to the 'inner circle' have their ideas heard distrust between groups is encouraged by management morale is rock bottom 7.5 hour workday that is boasted by HR is a complete joke to salaried staff Salaried people have to badge in and out with the hourly people but aren't paid overtime. Instead, it is used as a barometer of who is dedicated and who isn't Expectation that you are available for monthly builds on weekends but aren't givent any comp time for it

      1.0
      Sep 10, 2010

      Avoid Flagstar unless a major management shake-up occurs

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      In IT, you can do whatever you wish, as the only standard practice is to make up your own personal standards.

      Cons

      Regarding IT software development management: none are competent, all are wishy-washy and unwilling to take a stand on anything, especially development standards. None are qualified for the job and would be better off doing another type of work: your best doers are not generally your best managers. New management is totally ineffective: they added another layer without ousting any of the managers that are holding the company back. This is especially true in IT and loss mitigation.

      Viewing 130 - 132 of 974 Reviews
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      ReviewsFlagstar Bank 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.