Flagstar Bank - Once a great company to work for, now just struggling to survive. | Glassdoor
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There are newer employer reviews for Flagstar Bank

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"Once a great company to work for, now just struggling to survive."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Commercial Lender
Current Employee - Commercial Lender
Doesn't Recommend

Pros

The people you work with along with a decent benefits plan and average vacation time.

Cons

Family owned and managed which allows for tough advancement into senior management if you are not a close family friend.

Advice to Management

To many bad business decision shot from the hip have cost your company great loss. Maybe by interacting with employees and following common business practices that have been proven to work you would not be in the mess you are in. I have seen alot of the finest employees leave or be let go by a management team that has no idea of the great talent they let go.

Other Employee Reviews for Flagstar Bank

  1. "Still here"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Troy, MI
    Current Employee - Business Analyst in Troy, MI
    No opinion of CEO

    Pros

    Great people, good times, hoep for the best. Learned a lot of aspects of banking. Potential of being a great regional bank. Need mortgages to come back to get earnings right and the stock price back above one dollar. Going through a growth period and capital struggle. Need to clean house and make efficient and effective moves.

    Cons

    Banking isn't good right now

    Advice to Management

    Think before you act. Listen to your employees, they have some good ideas. Don't be wasteful because that is how its always been done. get compentent systems because they work, not because of relationships.


  2. Helpful (1)

    "As everywhere, need to make compromises between what you want and what you are willing to settle for."

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

    Pros

    Usually get to work on leading edge technologies.
    Some very solid technical team members.

    Cons

    IT management somewhat disassociated from developer pain points.
    Too much of a top down management style in IT.

    Advice to Management

    Say what you mean and mean what you say.
    Be more transparent.

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

See Most Recent

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