There are newer employer reviews for Flagstar Bancorp

1 person found this helpful  

Potential Employees - Stay Away

  • 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

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

Advice to ManagementAdvice

Consider fry-cook at McDonald's, but you are probably under-qualified
Why do you think that so many people are leaving who are not managers?
Don't expect people to stay around when you tell them that they should be considered 'blessed' for staying at such a 'great company', give out nothing for raises and then expect the rank and file staff to pick up the work of three other people that you laid off due to your incompetence.

Doesn't Recommend
Disapproves of CEO

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

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  1.  

    I help with account openings, bringing in new clients, and assisting with any account issues, in addition to teller work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Service Representative  in  Marietta, GA
    Current Employee - Financial Service Representative in Marietta, GA

    I have been working at Flagstar Bancorp

    Pros

    You do get 3 weeks of vacation a year

    Cons

    Open 7 days a week, and 7:30a.m. - 7:30p.m. Monday-Friday

    Advice to ManagementAdvice

    No one comes to the branches that early or that late. All the Retail banking employees hate the hours. Also, we are dead on Sundays. Cut Sunday and shorten Monday-Friday and your employees would actually enjoy the job a little.

    Disapproves of CEO
  2. 2 people found this helpful  

    Avoid Flagstar unless a major management shake-up occurs

    • 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

    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.

    Advice to ManagementAdvice

    How can you continue to ignore the bleeding in loss mit?!?!? Remove the old management, choose an automated method to improve the workflow, and get the work done. If need be, bring in new staff that aren't so locked into the old manual ways of doing things.

    I have never seen a takeover involve NO firings of existing management. The new management needs to root out the deadwood and get things headed in a positive direction.

    Doesn't Recommend
    No opinion of CEO
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