Do not work here - Specialist Flagstar Bank Employee Review

1.0
30 Jan 2024
Recommend
CEO approval
Business outlook

Pros

Hybrid work environment and fair compensation

Cons

The IT department in Troy is toxic. SOME managers bully subordinates and openly mock people they don't like. Other "leaders" try to dictate how to manage IT programs based on overwhelming project management guidelines, ineffective processes, and cumbersome paperwork. I am quite convinced they literally pulled these overelaborate PM guidelines out of their ears. Necessarily stringent banking regulations may play a role, but these guidelines are more about someone looking good rather than doing any real business good. Moreover, Flagstar is disorganized and reactive rather than proactive. It is a culture of fear rather than one of collaboration. Flagstar says it is inspired by Apple, but you cannot motivate or innovate in fear. You certainly cannot admire brands like Nike, especially Nike/Air JORDAN, and brag about your DEI efforts only as afterthoughts. They say that fortune favors the bold, but there is nothing bold about the folks Flagstar favors. Favoritism seems to be cast among the most insecure, sycophantic, tattling, and or mediocre people (like many organizations). Top leadership seems to be granted to some who fear and use fear, belittle, blame, and polish their ivory towers rather than inspire and lead. Or at the very least, plan. Additionally, Flagstar treats its contractors with such distrust it installs tracking/listening software on all contractor laptops. But at least it is transparent about it. This transparency, however, is not enough reason to accept a position if you are a talented IT project manager, business owner, programmer, etc. Get a paycheck elsewhere.

Explore other reviews about Flagstar Bank

5.0
27 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Very knowledgeable and helpful people who are experts in enterprise systems

Cons

N/A during my time with the company

1.0
9 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Direct manager is very nice and caring.

Cons

Horrible pay, even compared to the rest of the industry. Absolutely awful, borderline non-existent commission structure. Lots of empty promises and lies from upper management. No room for growth or opportunity to earn more or advance. Recently they’ve been pushing an aggressive sales culture but with no incentive or commission structures for the employees and poor pay.

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