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Helpful (1)

If you aren't kissing the bosses...

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

I worked at Flagstar Bank full-time (More than a year)

Doesn't Recommend
No opinion of CEO
Doesn't Recommend
No opinion of CEO

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 Management

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

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  1. Helpful (3)

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

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

    I have been working at Flagstar Bank full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

    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.


  2. Helpful (1)

    Horrible management from the bottom to the top

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

    I worked at Flagstar Bank full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Can't think of any real positives. Maybe that there is a half decent cafe on site but its too expensive.

    Cons

    professionals have to punch in and out like factory workers. Timecard is watched like a hawk
    seems like everyone is unhappy. Its a very depressing environment

    Advice to Management

    Support your staff, get rid of useless middle management that don't know what they are doing.


There are newer employer reviews for Flagstar Bank
There are newer employer reviews for Flagstar Bank

See Most Recent

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