Currency Reviews

3.5

57% would recommend to a friend

(180 total reviews)

Del Simpers

Not enough data to show CEO approval

56% positive business outlook

Currency has an employee rating of 3.5 out of 5 stars, based on 180 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Currency employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

180 reviews
1.0
20 Sept 2017
Recommend
CEO approval
Business outlook

Pros

- Everyone is about money and themselves. So at least you will find your interactions with individuals predictable.

Cons

- Upper management is not to be trusted. They care only for themselves. This is apparent when they give you their big "salesman" smile and fist bump. None of it is sincere - but they are good at making it appear that it is. So lots of people (mostly young) drink the Koolaid. - Twice I spoke to "C" level management in confidence. Two separate individuals. Both times that information was spread around the office. - They hire recovering drug/alcohol addicts to handle customer loan applications. Every 3rd person I met there was a recovering drug addict. Not sure if they intentionally hire these people by posting job recruitment ads in halfway homes, or if the hiring managers just have a bad judge of character. This is a bomb waiting to go off, due to the sensitivity of client information they handle. - The company makes a profit of off predatory lending practices. It's like payday loans for farming equipment. With zero federal regulation. It takes a certain type of individual who is ok with selling someone a loan they possibly would be unable to afford and be able to sleep that night. These are your co-workers. As long as your quota is met, am I right?! - The company only hires young inexperienced employees (for the most part). I think this is a control thing with upper management. As they attempt to solve issues by using cheap low-quality brute force labor. They find young adults out of college and burn them out. Once burned out they are replaced with other eager young adults. - Insurance benefits are horrific. HMO & HMO are your options. And not good HMO's. Also, they won't pay the entire coverage. - They don't pay for your parking. You're not valuable enough. So most people have to park on the street and walk several blocks to get to work. Only to be passed by the President in their S class Mercedes as your walking down the sidewalk. This is unless you spend 200$ monthly to park. - Blake the founder of the company walks into work wearing a $60,000 stainless steel watch into the office. This is a slap in the face for most people that work in the office 15hr days and mandatory weekends. That's a salesman's yearly salary on their wrist. Suprised there isn't more of a moral problem then there is. And there is for sure. Again, that's infinite parking for all employees forever. Also, they don't even have a coffee machine in the office. Priorities... Employees aren't one of them. But that's a nice watch! - Dress code is mandatory. Even when we have "casual" day Fridays, there's a dress code that isn't very casual. And as employees are reminded with constant "what is appropriate" emails. - For certain positions Currency flaunts a bigger cash paycheck vs their competitors. Which can be true for some, however, after paying for parking and covering the medical costs the HMO won't touch it turns out you're making less. - Being this is a company made up of primarily very young, cash-hungry, commissioned based sales people. The culture reflects as such. - Upper management equivocates showing up at the office at 5 am as being a hard-working employee. The CEO even sent a company-wide email of a picture he took of his watch and the people already working. The time on his watch read 5 am. He was very proud of his team. - Mangement creates unobtainable arbitrary deadlines for projects. Then seriously complains when the execution is done poorly. - Some of those deadlines are same day! From inception to delivery. Give me a break. That seems to be the way they like to run the organization. They think of something that has to be done right then and there and expect people to work 20 hrs that day to push something out. And push something out they do... - Palm Springs employee getaways! Sounds great! It felt like attending a timeshare seminar that includes adultery, stooping coworkers and fist fights at night after everyone gets drunk. I personally have witnessed all three. - More emphasis is placed around college than quality and work experience. Even if it's been 30 years since you last attended college, the college stories and relevancy of that college experience remains prevalent. Or if you are right out of college, your presumed to be better overall than someone who might have significantly more work experience out of the gate. That not fair to anyone. - The dress code requires every man to wear ties. Now if you're in sales, your allowed to not wear a tie if you meet a certain quota. I equivocate this to 40's Germany where you can judge someone from a far based on what they do or don't have on their clothes. At the end of the month round up everyone wearing a tie...

1.0
18 May 2016

Horrible Slave Sales job

Recommend
CEO approval
Business outlook

Pros

The Pros are for people who are the seniors because you get majority of the commissions and way better leads than the juniors. Relatively friendly atmosphere

Cons

Pay structure for juniors is HORRIBLE. You will make more money as a waiter part time.. They have you cold calling until you land a deal and that can take 1-6 months! Albeit at minimum wage for 10 hours a day. The management ephasizes lieing, cheating, and stealing to get a deal closed.

avatar
Currency Response
10y
Thank you for the review. We would love to provide the same lead flow to our Junior AE's that our Senior AE's receive however it is important that our Junior AE's fully understand our products and process prior to receiving lead flow, usually takes about 30 days. We have had several hard working Junior AE's that have recently been promoted within 6 months of being hired and we are very proud of their efforts and contributions. They have all been very coachable and determined to grow their financial sales skills. We understand it is not easy starting a new career, however the financial rewards are tremendous here if you have the grit to persevere through the 1st year. Character and integrity is very important to us and we take negative employee experiences very seriously. Glassdoor reviews are anonymous but if you would like to talk more in depth, please email me directly at jtakeuchi@currencycap.com.
1.0
22 Apr 2016

Sketchy

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

No pros to this company.

Cons

Currency Capital formerly known as IMCA Capital has changed their company name several times and when you ask questions no one gives a real answers. It's a red flag any time a company changes their name no matter if it's for "re-branding" or not. They promote a lot of "fluff" to employees and to clients. They are not truthful when it comes to how payments are set up for clients for equipment deals. They tell AE's base pay is between 24k-36k which everyone starts at 24k base. Which is basically poverty especially in California. They expect 200-300 outbound dials a day. They have nothing special to offer with expecting that amount of work ethic. They make you feel bad for leaving at 5pm and they say you don't have to work on weekends but if you don't the managers make you feel like you did something wrong but not dedicating your entire Saturday. I would hit almost 200% every month for quota and make maybe $400 in commission after splitting it with a Sr. AE. I had to pick up another part time job and almost never saw my friends and family on the weekends.

avatar
Currency Response
10y
There are several points in this post I need to address. 1) Our Rebrand. Our national branding company we hired to rebrand our company for the first time clearly communicated the vision at our annual meeting in Palm Springs. This name reflects the evolution and growth of our company and better represents our cutting edge technology platform. The excitement and pride for our new brand has been overwhelmingly positive by our employees, customers and vendors. 2) Integrity. We are a very transparent organization made up of the highest quality Account Executive's and Leadership Team. Our repeat business is among the top in the industry which is the biggest compliment to the integrity and character of our team. 3) Compensation. I recently received an email from an AE that just completed his 1st year. He thanked me for this tremendous opportunity and wanted me to know how this has changed his life. He was living with his parents when he started and he now lives in one of the coolest condo's in Scottsdale, he earned six figures, achieved his Car Bonus, bought a Tesla, promoted to Team Leader and is working with 2 new AE's, earned his way onto our "jumbo" inbound lead flow working with companies with revenue from $10mm - $100mm. This is only one of many success stories I could share. 4) Work Ethic. Yes, building a sales career is not easy. Our most successful AE's are all incredibly gritty (a lot of college athletes and one Olympian), coachable (strong desire to grow and be challenged), intellectual horsepower (multiple Ivy League grads and other top Universities). We have developed a platform for you to compete, be challenged and grow. If you are willing to put in the effort to build your business, the rewards and career growth will follow. Contact me directly at my email address and I'd love to talk to you. Thanks. Jered Takeuchi, Executive Vice President jtakeuchi@currencycap.com
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Glassdoor has 188 Currency reviews submitted anonymously by Currency employees. Read employee reviews and ratings on Glassdoor to decide if Currency is right for you.