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There are newer employer reviews for Flagstar Bancorp

Helpful (1)

Horrible management from the bottom to the top

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

I worked at Flagstar Bancorp 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.

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  1. Helpful (2)

    I was promoted from within and given room to grow, but remain very underpaid and slightly overworked.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Unix Systems Administrator in Troy, MI (US)
    Current Employee - Unix Systems Administrator in Troy, MI (US)

    I have been working at Flagstar Bancorp

    No opinion of CEO
    No opinion of CEO

    Pros

    New hires are generally well paid and given opportunities to establish themselves. Support for training and professional development is also generally high. The bank is also frequently investigating or implementing new systems to bolster it's mortgage and lending platforms.

    Cons

    At times management and it's actions completely disconnect from reality in the IT department. IT makes solving problems long term very difficult. I can't speak for banking. The new management seems to be aligning the banking and lending arms with the needs of small businesses and mortgage consumers well.

    Advice to Management

    This company used to have a very "Family Owned" feel to it. There were minor social events which brought the various people and areas of the bank together, if only briefly. I know the more sarcastic employees scoffed at these gestures, but they did have an impact on overall morale and the familiarity of people within various business groups.

  2. Helpful (1)

    Senior Business Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Business Analyst in Troy, MI (US)
    Former Employee - Senior Business Analyst in Troy, MI (US)

    I worked at Flagstar Bancorp full-time (more than a year)

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

    Pros

    good location
    good pay
    easy hours
    No supervision

    Cons

    Worst place I have ever worked.
    No one cares about doing a good job.
    Salaried employees clock in like they are hourly workers.
    Everyone is very unprofessional.
    Profanity flies in the office.
    Always willing to point finger at others.
    The morale is horrible and the leaders have a 'morale boosting' committee that is a joke.

    Advice to Management

    Fire all the management in IT and start over.

There are newer employer reviews for Flagstar Bancorp

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