Flagstar Bancorp

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

 

Interviewer Beware

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

I worked at Flagstar Bancorp

Pros

7.5 hour work days, and finally adpoting buisness casual dress code are about all I can think of.

Cons

After becoming a distressed company and being purchased by Matlin Patterson in 2008 things have really fallen apart. Be warned that this company has slashed the I.T. department quarterly since then. Only with the recent improvement in the job markets has hiring re-started. Most currently employees will admit to looking for new employment elsewhere and their churn rate is on average 1 employee leaving per week.

While Boasting an "Agile" development shop, this is rather new and poorly implemented with more paperwork and requirements than some waterfall approaches. The technology is fragmented across multiple systems, languages and even within languages. A good example would be the use of Struts 2, 3 and Spring or Ant and Maven or Java 1.4-1.6 depending on the day.

If you are in need of a job to feed your family, perhaps consider an offer but don't stop looking. If you think this warning may be outdated as about the newly Morale committee (2010) and what they are doing to improve morale and reduce the number of veteran developers leaving.

Advice to ManagementAdvice

Trim your management down, or find something constructive to do with the mid level managers.

Doesn't Recommend
Disapproves of CEO

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

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  1. 1 person found this helpful  

    Tough work environment, but it is a job.

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

    I have been working at Flagstar Bancorp

    Pros

    It would be a job. They pay you every two weeks. You will be one of a few people left.

    Cons

    Tough work environment. No raises in 3 years. No promotions. More work and less people to do it. Tough place

    Advice to ManagementAdvice

    Pay and value your employees. Give a group of good employees a raise. Stop staff from leaving and hire a few people.

    Doesn't Recommend
    No opinion of CEO
  2.  

    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
There are newer employer reviews for Flagstar Bancorp

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