There are newer employer reviews for Flagstar Bancorp

It paid the bills.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee in Troy, MI
Former Employee - Anonymous Employee in Troy, MI

I worked at Flagstar Bancorp

Pros

The health benefits were great the 401k plan was great (but I think it tanked so I wouldn't bet on that now). They do not require a college degree.

Cons

The pay was not competitive, there is pressure to work faster and faster and those who produce the most get advancement even when the mistakes they make from rushing far out way the production of solid work. If you are someone who takes pride in your work and do not like to make errors underwriting here is not the place for you.

Advice to ManagementAdvice

Stop cutting people so that you can force them to produce as 3 people and do not lower your standards for those who you have became friends with, while persecuting the ones who rarely make a mistake.

Disapproves of CEO
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  1. Assistant Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Branch Manager in Jackson, MI
    Current Employee - Assistant Branch Manager in Jackson, MI

    I have been working at Flagstar Bancorp

    Pros

    A lot of opportunity for growth if you are willing to work for it. Bonuses are good when the goals are attainable. Upper management is very responsive to concerns at the branch level.

    Cons

    Minimal staffing levels do not allow the chance to have commitments outside work. Pay scale is less than similar jobs at other banks

    Advice to ManagementAdvice

    Reconsider how much you pay in relation to what you expect to have done. Quality sometimes deserves upward pay adjustments.

    No opinion of CEO
  2. Stay away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Troy, MI
    Current Employee - Anonymous Employee in Troy, MI

    I have been working at Flagstar Bancorp

    Pros

    Nothing special. If you can put up with the micro managers you can have a decent work life balance

    Cons

    You will experience and meet worlds best ' Micro-managers'

    Lot of old timers with poor banking skills

    even the breaks you take for toilet/coffee will show up on performance review

    Advice to ManagementAdvice

    You guys need a microscope to see who is doing what and let some fat go home..

    Hire good skills, pay them better and get a work done

    Doesn't Recommend
    No opinion of CEO
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