BHG Financial reviews

4.4

83% would recommend to a friend

(856 total reviews)
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Albert Crawford

90% approve of CEO

84% positive business outlook

BHG Financial has an employee rating of 4.4 out of 5 stars, based on 856 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The BHG Financial employee rating is 22% above average for employers within the Financial Services industry (3.6 stars).

Reviews by job title

856 reviews
2.0
Feb 5, 2020
Recommend
CEO approval
Business Outlook

Pros

The work environment was relaxed and casual. I appreciated how much effort was put into the parties and celebrations. I also applaud HR’s effort to gradually improve benefits, such as the cost for health insurance. There were a lot of great folks I met throughout most departments during my time at BHG, which was refreshing.

Cons

Working for BHG was an interesting experience. It began with a lot of promise - all of the glowing Glassdoor reviews, their love of the term PMA (positive mental attitude), and their emphasis of this being more like a family, and less like another drab workplace. There were monthly award ceremonies, the management team seemed friendly and in-tune with their employees, all of which seemed like nice changes from the stuffy suit-and-tie types, right? Well...depends on what you’re really looking for in an employer. It’s peculiar when companies lean on a lot of feel-good generic statements and the notion that we are all just “one big family”. Not excluding BHG, this generally translates into a subtle reminder for employees not to act in their own interests...don’t ask for a raise, don’t pursue better opportunities, don’t ask for work-life balance, and don’t speak up too often, because why would you “act up” like that if your work is your family? Of course, the sentiment abruptly ends when there are people to discipline, unfair workload distributions, lopsided compensation strategies, and less patience for mistakes. The management team wasn’t all that it was cracked up to be. A little research will reveal a lot of nepotism, favoritism, and so on. Which, to be fair, who wouldn’t employ their friends and family at their own company? That being said, the unfavorable management approach carries into some of the most senior roles, regardless of qualification (and we all know what happens when you, with years of experience, are suddenly managed by Little Billy, the big boss’s nephew). The award ceremonies are pretty consistent with only rewarding the same folks in management (the friends and family of ownership, like Little Billy), month and month again, while sprinkling in a few surprises. And again - it’s your company, reward who you’d like. It’s just demoralizing when the regular non-friends-and-family employees have to watch the same people be rewarded every month (and then of course be told, this could be you winning this money if you worked as hard as Little Billy! Fun fact - “working harder” doesn’t suddenly make you related to the right people). With all of that being said, this is the typical stuff you see at typical companies, so who cares? I think what boils down into a problem for most people is how far BHG will go to hide just how generic and predictably disappointing they are in terms of how they operate and manage things (it’s like a weird hybrid of a Google-wannabe office and the TV show The Office). The “we are a family” and “look at our cool offices with beanbags” hype just doesn’t solve the real problems being faced by employees working at BHG. But alas, some folks prefer the relaxed work culture in exchange for fair and transparent discussions regarding workload, compensation, management, and so on. As noted initially, it just depends on what you are looking for in an employer. TLDR: management offers pseudo-family mentality and beanbags at the cost of fair compensation and treatment.

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BHG Financial Response
5y
Many candidates choose to work at BHG because of their ability to step into a role – in any department, and at any level – and immediately make an impact. Along with this opportunity is the ability to share new ideas, voice concerns without repercussions. Our People Development team has implemented programs to allow for greater communication between managers and their employees, as well as ongoing surveys to capture honest feedback and improve our business. If you would like to discuss further, please contact us at people@bhg-inc.com.
1.0
Jun 11, 2020

Culture Facade

Recommend
CEO approval
Business Outlook

Pros

Snacks Gym 100% healthcare Relax work environment

Cons

Expectations of working nights and weekends (not discussed in the interview or offer process) Micromanagement leadership Lack of diversity on the sales leadership team (non existent) Favoritism benefiting friends and family or individuals in the Syracuse office. Backdated commission changes without prior notification Degrading type leadership/ feedback style

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BHG Financial Response
5y
The BHG Sales Academy offers a different sales environment than most Account Executives might experience in other roles, where they are not required to build their own book of business. Instead, BHG’s marketing team is responsible for delivering high quality leads to the Account Executives on a daily basis, for them to convert. Due to a high demand in BHG’s financial solutions, many account executives work longer hours to convert leads and see the benefits of that additional time spent in the form of a larger paycheck. If you would like to discuss the sales environment further, you can reach our team at people@bhg-inc.com.
1.0
Apr 22, 2024
Recommend
CEO approval
Business Outlook

Pros

Absolutely none. I have nothing good to say about this company.

Cons

This is by far the worst, most immoral, depraved company I have ever worked for. My only goal is to protect future applicants and employees by providing the truth with as much information as possible so that people can make a fully informed decision on their own (and I came with receipts). THEY MASS HIRE AE'S AND OVERWORK THEM BY OVERLOADING THEM WITH THE LESS QUALIFIED LEADS AND THEN LAYING OFF ALL AE'S AFTER 120 DAYS FOR NOT HITTING QUOTA. BELOW IS PROOF. Do not quit your current job to work here. Do not believe the lies BHG sells, i.e. that you can make an uncapped commission and/or make 6 figures your first year. It’s all lies. [redacted] Just look at the defensive BHG responses on the bad reviews and it will tell you everything you need to know. Sales Academy is designed for failure. The foundation of the sales academy is a scam and is intentionally set up for new AEs to do the grunt work and then be tossed out like trash. It is a tactic by leadership to create a sweatshop like atmosphere to get as much work out of you as possible while underpaying you and avoiding paying commission. You will absolutely have to work 12 to 15 hour days in order to graduate from the sales academy. You will also have to work weekends. They will tell you that overtime and weekends are optional - they are lying. If you want to graduate and be offered a full time position, you will 100% have to work nights and weekends. The unattainable quotas are intentional as it allows them to let 90-95% of sales academy employees go after 90 days which is why you are a contract employee and why there is no benefits or commission. It’s a ploy to purposefully have high turnover and save money. THEY DO THIS INTENTIONALLY TO UNDERPAY PEOPLE TO HANDLE THE LESS QUALIFIED LEADS AS THIS SAVES THE COMPANY MONEY. As much as I like all of the sales coaches, I can’t help but to think that they are lacking in some mental capacity as they are fully aware of what is going on within the sales academy and the deplorable actions of the company. They know that people are being mass hired, and then mass layoffs once the work is completed. They’re fully aware of this and they should be ashamed of themselves for continuing to work in such a disgraceful establishment. There is no way someone with morals, intelligence, and a conscience would ever work here. Here is a breakdown of a typical 15 hour work day for a new AE in 3 sections: #1: 7.5 hours spent on new leads and applications. Average of 25 leads per day with a 40% conversion quota = 10 applicants per day. The application process for a new AE takes anywhere from 30 to 45 minutes. 10 applicants x 45 minutes is 450 minutes or 7.5 hours. #2: 5.25 hours spent on pipeline follow up. Pipeline follow up with 7 day call, text AND email cadence is required on every lead. 25 leads per day less 10 converted to applicants = 15 leads x 7 day cadence = 105 leads to call, text, and email everyday. A call, text and email to 1 lead takes a minimum of 3 minutes (if you are fast and if they don’t answer the phone). There is no automation in this - you call/text/email every lead manually. 105 x 3 minutes = 315 minutes or 5.25 hours. #3: 2-3 hours spent on miscellaneous. Miscellaneous training, meetings, inbound calls, incomplete applications, missing documents, lunch etc.

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BHG Financial Response
2y
This review does not accurately reflect BHG Financial or our Sales Academy. Job details, along with the academy process, are fully provided to candidates throughout the recruiting and interview stages, allowing interviewees the ability to ask questions prior to receiving an offer and accepting a role. The expectation is set for candidates during the hiring process that this is an intent-to-hire role prior to a full-time employment offering. Graduation to a full-time role is based on individual performance and successfully meeting Key Performance Indicators. Performance evaluations are also done throughout the process with daily dedicated coaching support, as well as 30/60/90-day performance reviews. This allows candidates to receive the training and support needed at an individual level while also offering transparency around their performance and progress throughout the program. Upon successful graduation, candidates are provided with their full-time role details, as well as their official offer letter outlining the compensation and commission structure. While there is no commission payout throughout the duration of the academy currently, a $60,000 base salary is offered, not including any overtime that is worked. During this time, commissions are not paid, as we want new team members to focus on training and development throughout the onboarding process while maintaining a steady income without worry of fluctuations in compensation. Building and maturation of a pipeline based upon our current structure could take anywhere from 2-3 months for steady commissions to be earned. Over 95% of current full-time Account Executives are former academy graduates, with top performers earning high 6 figures. The very few who are not offered a full-time role with BHG Financial still gain valuable training and resources to take with them along their career journey. We are 100% confident that our processes and systems exceed those of our competitors within the industry. Standard working hours are from 9am-6pm EST Monday-Friday. We observe 10 paid holidays per year and offer Wellness Weekends (which provide an extra day off each month) taken on the day of the trainee's choosing. Upon accepting a full-time position, we provide 15 days of PTO for the first year of employment and then 20 days off after 2 years. This is in addition to covered health insurance for employees and dependents, along with an array of other perks and benefits, all designed with employee health and wellness in mind. While we do not agree with your review, we encourage you to contact us at people@bhg-inc.com so that we can discuss this further.
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Glassdoor has 930 BHG Financial reviews submitted anonymously by BHG Financial employees. Read employee reviews and ratings on Glassdoor to decide if BHG Financial is right for you.