Gamboa started his managerial career coaching Newell's Old Boys.Fernando Gamboa es el nuevo DT de Chacarita In 2009 replaced Ricardo Zielinski in Chacarita Juniors signing until June 2010 and assisted Ricardo Lunari. However, they were sacked before the end of their contract. In May 2010 he signed for CD Veracruz of the Mexican second division.Olé In September 2010 Gamboa agreed to replace Antonio Mohamed as head coach of Colón. The board of directors of Colon sacked him soon after the club lost 2–0 against Olimpo in a league match on 9 April 2011.
