Balboa Capital Reviews in Los Angeles, CA | Glassdoor

Balboa Capital Los Angeles Reviews

Updated April 27, 2017
62 reviews

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Los Angeles, CA Area

3.8
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Patrick Byrne
43 Ratings

62 Employee Reviews

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Pros
  • Positive work environment, that encourages success (in 13 reviews)

  • Great company culture and training (in 5 reviews)

Cons
  • As with any job, there is a fair amount of office politics; but given the high turnover rate for sales, it's to be expected (in 7 reviews)

  • sales culture company with very high turnover rate (in 5 reviews)

More Pros and Cons

  1. "Challenging and rewarding"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Costa Mesa, CA
    Current Employee - Sales in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Balboa Capital full-time (More than 3 years)

    Pros

    Great environment and people, innovative technologies in each department that enable you to work more efficiently, really nice offices in Costa Mesa near great restaurants. Also, conveniently located near all major freeways in Orange County.

    Cons

    Might be growing too fast, but that can be a good thing. Hard to come up with some cons, as it's a really good place to work.


  2. "Job Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Costa Mesa, CA
    Current Employee - Sales in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Balboa Capital full-time (Less than a year)

    Pros

    Good emphasis on training. Fun and good company culture and environment. Location is convenient becausethere are good things to eat around the area and it is right next to the freeway.

    Cons

    So far, I cannot think of any for this current position.


  3. "Vendor Service Rep."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vendor Specialist in Irvine, CA
    Former Employee - Vendor Specialist in Irvine, CA

    I worked at Balboa Capital full-time (More than 3 years)

    Pros

    The management is very upfront and honest and listens to you.

    Cons

    Lack of room to grow or be promoted to a higher position.


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  5. Helpful (1)

    "Unethical Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Costa Mesa, CA
    Former Employee - Account Executive in Costa Mesa, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Balboa Capital full-time (More than a year)

    Pros

    No great reasons to work for this company.. but a bag of cookies from the President on Christmas Day..

    Cons

    Everything about this company is wrong, unethical, with the worse management possible. You will come across with the most under-educated "Managers", super materialistic (because no one cares about your materialistic items) that act childish and unprofessional and that of course, will not care about you.

    They will expect the MOST from you with hardly any training or support.

    Managers will train people to rip off other people by lying to them, cheating, and saying things to customers JUST to make a deal and get commission.

    Since day one working here, the company has been in many lawsuits in which no one knows because they want to maintain a "positive reputation."

    The highest paid person there has committed fraud dozens of times to make money and can always "get away with it."

    Management does not care about their employees because in their own words.. "everyone is replaceable."

    You will feel under-appreciated, stressed, and not being valued at all..

    Hardly any motivation, promotions, a ladder to move up, and/or incentives (Just President's Club, in which you can't hit those ridiculous high sales numbers unless you rip people off..)

    Overall, you will be forced to be a slave, do unethical sales that will break your conscience at a such under-paid wage with a horrible commission structure.. do you really want to work at a place like this?

    Just take your time in looking for a job that will appreciate you, your education, values, and what you're worth. This job is not worth it...

    Advice to Management

    Worse management I have ever come across with. McDonald's has better management than this place. Highest turnover and yet they don't care.


  6. "Overall good experience!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Costa Mesa, CA
    Former Employee - Account Executive in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Balboa Capital full-time (Less than a year)

    Pros

    Great work environment. Filled with fun, energetic, and driven individuals! Good place to start if you are looking for a job in the field of finance.

    Cons

    Felt like I was just left to develop on my own after training.

    Advice to Management

    Wish they were more involved in your progress after training. Managers should be more sensible toward the newer employees.


  7. Helpful (1)

    "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Costa Mesa, CA
    Current Employee - Sales in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Balboa Capital full-time (More than 5 years)

    Pros

    Great Sales Training Program, Supportive Management Team. Fast pace young culture.

    Cons

    If you are not willing to work hard 100% of the time this is not the place for you

    Advice to Management

    Keep supporting your employees the way you do and keep giving them the tools necessary for them to be successful.


  8. Helpful (1)

    "Good company for hard-working individuals"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Manager in Costa Mesa, CA
    Current Employee - Sales Manager in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Balboa Capital full-time (More than 3 years)

    Pros

    Nice new building in Costa Mesa, good management team, opportunity for growth if you work hard, fair salary. Overall, the employees are nice and everyone gets along well.

    Cons

    The customer sales system is clunky but I hear we are getting a new one, which will be a big help for the sales managers.

    Advice to Management

    Keep adding the great technology like you have been doing so we can get more work done in a shorter amount of time.


  9. Helpful (1)

    "Accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Irvine, CA
    Former Employee - Accountant in Irvine, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Balboa Capital (More than a year)

    Pros

    Only required to work your 40 hours. They're also flexible with your start time.

    Cons

    Pay is less than market value. Bad management

    Advice to Management

    Improve accounting department managers


  10. Helpful (1)

    "Account Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Irvine, CA
    Former Employee - Anonymous Employee in Irvine, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Balboa Capital full-time (More than a year)

    Pros

    They provide training on capital equipment leasing and financing, as well as thousands of leads to call

    Cons

    Lots of turnover due to lower pay scales and management

    Advice to Management

    Focus on better B2B sales training and you will likely retain more employees with better sales abilities


  11. Helpful (6)

    "Fraud, Lying, Cheating, No Ethics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Costa Mesa, CA
    Former Employee - Account Executive in Costa Mesa, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Balboa Capital full-time (Less than a year)

    Pros

    The pros are few:
    -it just so happens that the uncorrupted new employees are decent people
    -I'm pulling at straws because that's it.

    Cons

    Everything that is wrong with the financial industry is amalgamated in this company. It is bent on ripping people off by offering them things they don't need with intrusive, abusive, and deceitful sales tactics.

    It is an avalanche of lawsuits waiting to happen. Don't get involved if you don't want to be found an accessory to the lack of care for human life in this company.

    You will be under-appreciated, under-paid, and you will be forced to do unethical sales practices that break your conscience. This company is the opposite of customer-centric, employee-centric; it is greed-centric.

    You will hate every day and moment of this job. Everything about it is slimy with questionable ethics. The highest paid person here has defrauded dozens of customers to make a ton of money.

    Don't be deceived by the big building. They ripped so many people off to pay for it. Their philosophy is kill to eat sales. Don't ask questions, just sell.

    They legitimately don't want you to know what the product is because it's most likely fraudulent.

    If you're desperate for a job, you're better off working for Starbucks. This job is not worth the cost.

    Advice to Management

    The management is atrocious. They are sexist, and they boss employees around like they're slaves. Everyone is treated like a child, and monitored like one too. There is no dialogue, only orders to obey.


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