Flagstar Bancorp

  www.flagstar.com
  www.flagstar.com
There are newer employer reviews for Flagstar Bancorp

 

Low pay

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Licensed Banker in Duluth, GA
Current Employee - Licensed Banker in Duluth, GA

I have been working at Flagstar Bancorp

Pros

Easy to shine, but no reward for going the extra mile.

Cons

Very, Very low pay. No raises going on 3 years now. Sometimes you have to work from 7 to 7. 7 day work weeks, no weekends. All for 10-14 dollars an hour; seriously.

Advice to ManagementAdvice

Copy other banks. If it works for them is should be a no-brainer. Pay more, pay more.

Doesn't Recommend

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

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  1.  

    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
  2.  

    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
There are newer employer reviews for Flagstar Bancorp

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