Flagstar Bank Referral Bonus Program for Tech/Product Roles

Flagstar Bank offers a referral bonus program designed to attract top talent, particularly in tech and product roles. Here’s a detailed overview of the program, including estimated bonus amounts and eligibility criteria.

Overview of the Referral Program

The referral program at Flagstar Bank is aimed at encouraging current employees to refer qualified candidates for open positions. This initiative is part of the bank's strategy to build a high-performing team by leveraging the networks of existing employees.

Eligibility

• Referrers: All full-time and part-time employees of Flagstar Bank are eligible to participate, except for HR personnel and hiring managers involved in the recruitment process for the specific role.

• Referred Candidates: The candidate must be new to Flagstar Bank (i.e., not a former employee or someone who has already applied for a position within the last 12 months).

Referral Bonus Details

• Tech/Product Roles:
  • Software Engineers: Up to $5,000 per successful referral.
  • Product Managers: Up to $4,000 per successful referral.
  • Data Analysts/Scientists: Up to $4,000 per successful referral.
• Other Roles: Bonuses for other positions may vary. Typically, non-tech roles offer a referral bonus ranging from $1,000 to $3,000, depending on the position and level.

Payment Structure

• The referral bonus is typically paid out in two installments:
  1. First Installment: 50% of the bonus is paid after the referred candidate has completed 90 days of employment.
  2. Second Installment: The remaining 50% is paid after the referred candidate has completed six months of employment.

Additional Conditions

• The referred candidate must meet all the qualifications of the role and successfully pass the interview process.
• The referrer must be employed by Flagstar