Flagstar Bank Reviews | Glassdoor

Flagstar Bank Reviews

Updated October 16, 2017
48 reviews

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4.0
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Flagstar Bank President & CEO Alessandro P. DiNello
Alessandro P. DiNello
20 Ratings

48 Employee Reviews

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Pros
  • Good benefits good work life balance decent incentive plan (in 10 reviews)

  • Several good people there, but hurt through severe silos, political playing and very large turnover (in 13 reviews)

Cons
  • Lack of connection with upper management (in 16 reviews)

  • Low pay, small raises, not enough appreciation for veteran staff (in 9 reviews)

More Pros and Cons

  1. "Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Flagstar Bank as an intern

    Pros

    Friendly and lot to learn

    Cons

    All things were good for me

    Advice to Management

    Keep it up.


  2. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern - Hourly in Troy, MI
    Former Intern - Intern - Hourly in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Flagstar Bank as an intern (Less than a year)

    Pros

    Good internship program, variety of internship events, learned about plenty of different departments

    Cons

    The amount of work interns receive depends on their department, some interns were busy and had plenty of learning opportunities while others just sat at their cubicle all day doing busy work.

  3. "Application Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Developer in Troy, MI
    Current Employee - Applications Developer in Troy, MI
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Flagstar Bank full-time (More than a year)

    Pros

    Huge projects and lots of learning opportunities for beginners if you are in a good team

    Cons

    Management is not good. Constantly changes the organisation structure and teams


  4. "ACH Operations Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Flagstar Bank full-time

    Pros

    Non-judgment workplace, based of work ethic and experience

    Cons

    Dress code flexible, manager discretion

    Advice to Management

    Good


  5. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Help Desk Analyst in Troy, MI
    Former Employee - Help Desk Analyst in Troy, MI
    Recommends

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

    Pros

    Benefits, Culture of work. Everyone is a co-worker not a customer

    Cons

    Everyone is a co-worker. Not everyone knows the process of seeking help.


  6. "underwriting assistant"

    StarStarStarStarStar
    Current Employee - Underwriting Analyst in Troy, MI
    Current Employee - Underwriting Analyst in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank full-time

    Pros

    Love the hours very flexible, love the benefits.

    Cons

    No clear path for advancement

    Advice to Management

    A clear path for advancement


  7. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Flagstar Bank full-time

    Pros

    PTO time, incentives, and holiday time off

    Cons

    Insurance expensive, not enough tellers

  8. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Contract Employee in Troy, MI
    Current Contractor - Contract Employee in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank as a contractor (Less than a year)

    Pros

    Great hours and management
    good location, benefits and competitive pay

    Cons

    If you are brought in as a contract worker, it is almost impossible to get hired into the company, regardless of the promises they tell you. A few get hired on but most get replaced by current employees wanting to try something different. I have seen many replaced by less qualified people, including myself. A current employee gets first preference, regardless of thier quailifications.

    Advice to Management

    If you have a good contract worker who has performed extremely well, you should find the time to help that person find a different position within the company, promised without action leads to you losing a great employee and another company gaining that great employee.


  9. Helpful (3)

    "Small and Local"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Sales Manager in Troy, MI
    Former Employee - Assistant Sales Manager in Troy, MI
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Great way to interact with the local community and allow businesses in MI to bank with a MI based bank. Great Products and very competitive rates.

    Cons

    Upper Management always making unrealistic sales goals and staffing banking centers with less people and more duties.

    Advice to Management

    Just be prepared to do it all.


  10. Helpful (1)

    "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor in Troy, MI
    Current Employee - Auditor in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank full-time (More than 5 years)

    Pros

    They have good benefits, the people are enjoyable to work with and I have gained valuable work experience.

    Cons

    The career path is not that clear if you are looking to advance within the company.

    Advice to Management

    Have a clearer career path for current employees


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