There are newer employer reviews for Flagstar Bancorp

 

Flagstar bank

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Financial Service Representative in Atlanta, GA
Former Employee - Financial Service Representative in Atlanta, GA

I worked at Flagstar Bancorp full-time (more than an year)

Pros

Great schedule, 3 week vacation

Cons

pay, responsibilities, little advancement, Cash handling

Advice to ManagementAdvice

nothing

Recommends
Approves of CEO

134 Other Employee Reviews for Flagstar Bancorp (View Most Recent)

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  1. 3 people found this helpful  

    Micro Managing Company with zero regard for their employees (Branch Manager)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Manager in Farmington Hills, MI
    Current Employee - Branch Manager in Farmington Hills, MI

    I have been working at Flagstar Bancorp full-time (more than 3 years)

    Pros

    The only pro is that fact they have health insurance for their employees.

    Cons

    Working at Flagstar was the worse decision in my life!! They micromanage everyone even the Managers who are meeting their goals. They spend over three hours per week on conference calls of which every discussion is based on what you are doing wrong!!! It is counterproductive and draining. Limited staffing is in the branches and they want the managers to go on business calls but how can they if they are running transactions? If you do not speak the same verbiage as the Market Manager or beat to his drum then you will be targeted for termination.
    Overall, they are adding more people to the upper management team while removing people from the branches. I can honestly say that it is the worse bank to work for in Michigan!!

    Lastly, micromanagement to the ultimate level is the fact that they record every conference call so that the market manager can listen to ensure we are using his verbiage. WOW!!!
    I am looking for a new job because I have to get out of that toxic bank

    Advice to ManagementAdvice

    The senior management should come to the branches and observe the stress level of the staff. They should focus on providing the team with the proper tools and resources so that they can be successful in their position. In addition, limit the number of weekly conference calls and take control of the out of control Micromanaging Market Manager.

    Doesn't Recommend
    Negative Outlook
  2. 1 person found this helpful  

    If you aren't kissing the bosses...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technical Support in Troy, MI
    Former Employee - Technical Support in Troy, MI

    I worked at Flagstar Bancorp full-time (more than an year)

    Pros

    Ok benefits and time off

    Cons

    Hour Lunch turns the day into almost 8.5 hours / 7.5 hour days (37.5 hour work week).
    Too many micromanagers (has to be a vice president for every 5 workers).
    If you aren't friends with someone you don't move up in the company.
    There is a reason they got out of two other markets..
    Stick to one dress code.. Casual most of the week, once a week shirt and tie, etc. No one cares what they are wearing as long as it looks professional.

    Advice to ManagementAdvice

    Recognizing people for their accomplishments is nice but when you don't offer them any promotions or compensation what's the point in staying?

    Doesn't Recommend
    No opinion of CEO
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