Flagstar Bank - Avoid Flagstar unless a major management shake-up occurs | Glassdoor
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Helpful (2)

"Avoid Flagstar unless a major management shake-up occurs"

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  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Troy, MI
Former Employee - Anonymous Employee in Troy, MI
Doesn't Recommend
No opinion of CEO

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 Management

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.

Other Employee Reviews for Flagstar Bank

  1. Helpful (1)

    "Tough work environment, but it is a job."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Troy, MI
    Current Employee - Business Analyst in Troy, MI
    Doesn't Recommend
    No opinion of CEO

    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 Management

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


  2. "Interviewer Beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in Troy, MI
    Former Employee - Software Developer in Troy, MI
    Doesn't Recommend
    Disapproves of CEO

    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 Management

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

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

See Most Recent

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