Years of Experience
Those with one to four years of experience at the company can expect to make $45K annually on average. When we consider tenure, a substantial portion of employees (37 percent) have been working for five to nine years and make $67K per year on average.
Earning around $55K annually on average, Banking Branch Managers receive the most money, followed by Assistant VPs of Mortgage Lending (approximately $54K per year).
Certifications and Degrees
Certified Information Systems Auditors are compensated at a much higher rate than non-authorized workers, bringing in close to about $81K annually. Earning a Direct Endorsement Certification certification garners significant financial rewards of $66K per year on average. The best paid folks at Flagstar Bank have a Master of Business Administration (MBA), Finance, earning approximately $68K annually.
In this role, the best-paying skill appears to be Compliance; individuals who claim it among their capabilities enjoy a higher median salary of around $113K per year. Mortgage Loans is a popular skill among Flagstar Bank workers, with close to an eighth of those surveyed reporting using it on the job. Other top skills include Oracle, Customer Service, and Banking.
Benefits and Perks
Almost all survey participants save for retirement through Flagstar Bank's 401(k) plan. Paid time off due to illness is less common here than paid vacation time, one in eight employees report receiving the former, whereas slightly more than half of workers report receiving the latter. A solid majority of survey participants report having health insurance, and a strong majority of respondents report having dental coverage. Flagstar Bank employees also enjoy perks such as life insurance, flexible hours, gym membership, and stock options.