Silicon Valley Bank Reviews

Updated June 7, 2015
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Silicon Valley Bank President & CEO Greg Becker
Greg Becker
11 Ratings

Pros
  • Work life balance is encouraged (in 11 reviews)

  • good benefits good job opportunity (in 16 reviews)

Cons
  • They've taken the "Client First" mantra to the extreme where there is no work-life balance (in 5 reviews)

  • New CIO Beth Devin completly ruined the IT organization (in 8 reviews)

More Pros and Cons

20 Employee Reviews

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  1. Helpful (4)

    Cush 9-5 Corporation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate

    I worked at Silicon Valley Bank full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Lifestyle. Easy to "hide" and cushy if you are in with the right people.

    Cons

    Old boys club. Lack of diversity. Tends to be hierarchical and bureaucracy is par for the course.


  2. Helpful (5)

    Avoid IT

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Principal Software Engineer in Santa Clara, CA
    Former Employee - Principal Software Engineer in Santa Clara, CA

    I worked at Silicon Valley Bank full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good co workers. CIO is sidelined finally, step in the correct direction. Bank is amazing on the business side.

    Cons

    Weak do nothing Senior Leadership team in IT still in place CTO lost so many senior direct reports over last 6-9 months but is still in place. Seems to be no consequence for poor leadership and mismanagement. Troubled spots such as IT operations lack career planning and meaningful roles and major work gets pushed to other engineering teams without any consequence or changes in IT Operations leadership. Hard to bring in and retain new talent in this culture as you get signed up for work which is different than what was promised when they try to hire you . Lot of senior technologist and management committed to the bank has left last 12 months due to turmoil with CIO & CTO both of whom have completely mismanaged and ruined a functional IT organization that wasn't perfect but used to get things done.

    Advice to Management

    CIO sidelining is the first correct step. CTO and others in IT leadership should be under scanner. Bring in professional leadership that is willing to take action and create a culture where smart and technically competent people are rewarded . IT operations and other areas of trouble need to be revamped including functional line manager/director changes.


  3. Helpful (4)

    System Support

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank full-time (More than 5 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Great benefits, great parties and perks. Compensation is great. There are actually some great people who are willing to help you. They are not cheap and they still have team building activities.

    Cons

    Bad Managements stay and nothing being done!! They demoralize people and make people not productive. Especially if you are applying for the back office like Marketing or Finance or IT, RUN away or don't join this place. Moral is at all times low at these departments. Very high turnover. Some stayed 2 months, some don't give notices. Some left without jobs waiting. But all of these because they are so dissatisfied with management. These people are getting paid a lot of money and yet they leave! Some managers even had all of the workers left but 1 person. Lots of favoritisms. So if you are a favorite than your career can go up. No real growth.

    Advice to Management

    Put the money where your word is. United means that people get along. Look at the turnover rate. The only turnover should only because people retired. But it isn't the case. Get rid of managers who have a high turnover and lots of complaints. People in service industry is your greatest asset. You can't afford computing against all the Silicon Valley companies.


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  5. Helpful (5)

    Backbiting and territorial bank no longer meeting its mission to supporting Tech Entrepreneurs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The mission of Silicon Valley is terrific -- to support Tech/Life science entrepreneurs. Inside Silicon Valley this works well as the bank has a stellar reputation but is problematic outside the Northern CA region. Senior management on the life science team is excellent and visionary, less so on the tech side particularly outside the Silicon Valley region. The training program for new recent college graduate hires is superb.

    Cons

    Silicon Valley Bank has lost its way to support technology entrepreneurs as it seeks today to only fund those with VC backing who are already successful. Work environment is highly competitive, territorial and backbiting despite its newly defined mission to be United. Expectation to work 24/7 and lack of teamwork along with poor management that lack vision, integrity and raw intelligence lead to a stressful, hypocritical culture. Turnover remains high with new hires given lack of promotion opportunities and inbred management that seek to protect their backs and cronies.

    Advice to Management

    Redefine mission or go home, change senior and middle management leadership. Competition is increasing, look outside and take notes!


  6. Helpful (4)

    Awful Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Salary & benefits are what keep people here even though everyone is miserable.

    Cons

    SVB used to be a wonderful place to work back in the days of Ken Wilcox. The bank actually cared about its employees. However since Greg Becker took the reigns, they no longer care about its people - they only care about the bottom dollar and treat its employees as numbers. It's really sad because I used to love this place. I would not recommend working here to anyone .

    Advice to Management

    Start caring about your people again.


  7. Helpful (4)

    Not a great place to be

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior IT Project Manager
    Current Employee - Senior IT Project Manager

    I have been working at Silicon Valley Bank full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Not a great place to be at least in iT

    Cons

    Just read most of what is written here. This should give you a good feel about how we feel.

    Advice to Management

    IT need a major change and not the kind that Beth was playing with in the last 18 months. How come nobody cares about what she is doing there? This is not the job for her, she should leave. The only strategy is to wait for everyone to leave so it will look like everything is fine.


  8. Helpful (6)

    Oh the CIO strikes back again with good reviews

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank

    Approves of CEO
    Approves of CEO

    Pros

    Good business side but bad bad bad IT

    Cons

    And the CIO's good reviews comes to glass door again. She is not even visible in office, forget about her taking care of her team and IT. Employee morale is low to zero, frustrated employees and people who ones used to be star performer just doing their job. She is busy promoting women in leadership. Yes, it's a good thing, I am a woman and I support it, but she has no clue and has totally forgot about her own team. If you are looking to join in any IT team, yes in any IT team, be warned and do not ruin your career. Regardless of job and compensation do not join IT, off course unless otherwise you have no job. People are good here but at this time immature leadership is ruining it all.

    Advice to Management

    Fire the CIO. If you are still sleeping after all the feedback, wake up. Or how about sending an employee satisfaction survey for IT employees, you will get it all out.


  9. Helpful (7)

    Global Services is a place of fear and loathing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Global Operations in Tempe, AZ
    Current Employee - Global Operations in Tempe, AZ

    I have been working at Silicon Valley Bank full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    its a job, the company has an interesting niche

    Cons

    Too numerous to list, but here it goes. Our COO is very smart (knows operational banking backwards and forwards but he has an unfortunate mean streak that everyone is now clued into) however he is making devastating hiring calls within global services. Is it his ego driving it? He has appointed a CIO that has ruined IT--its a company wide joke. Im glad I don't work in the IT department and have to listen to her all the time like my IT colleagues. Total wind bag who fired a really good senior leader for not "transforming" our online banking system. I think he had like two months. Funny thing is everyone that ive talked to who was actually doing work on the online team really thought a huge difference had been made. Oh well, welcome to the new SVB---your FIRED! The COO has appointed a head of global banking operations that almost everyone hates working for. He is a dreamer, talks big and thinks by talking everyone around him will magically make it happen. When things don't go as expected, he blames his team and technology partners. Message to this guy: its not bank of America, you don't have the budget or personnel to bridge the gap of your lack of tactical knowhow. The bottom line is the COO is very good at the details and vision, he doesn't hire well and doesn't understand that he needs inspiring leaders who people respect and want to follow, not leaders who prescribe to "the beatings will continue until morale improves" mantra. Its too late in IT, its to damaged thanks to the depredations of the new CIO. Still time to get the global operations group on track but the window is closing.

    Advice to Management

    CEO, you have a mess frankly of your own making to clean up. You have given your COO to much power and unfortunately he has messed up huge areas of your bank. Clearly, you don't know much about the technology and operations areas and felt comfortable letting your COO do as he pleases but my god man, its all falling down around you while you schedule town halls. You need to go a little deeper and farther than just talking to your senior leaders who are actually the problem to start with. Do your job and clean up the COO, CIO, and HGO. Your accountable.


  10. Helpful (6)

    Our CIO is TERRIBLE

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior IT Project Manager in Santa Clara, CA
    Current Employee - Senior IT Project Manager in Santa Clara, CA

    I have been working at Silicon Valley Bank full-time (More than a year)

    Pros

    Great benefits and pay along with flex work hours

    Cons

    Our CIO Beth Devin has turned out to be a nightmare. I used to be filled with hope when she first joined a year + back, but she has steadily proven through her actions that she doesn't have a clue--and doesn't care to get a clue. She let go one of our best senior leaders in engineering recently and that seems to be the nail in the coffin. He was the only one seemingly with a vision as our CIO keeps flip flopping from one priority to another depending on the week. Now, nobody in the senior management team is trustworthy and they are all tainted--everyone is scared and out for themselves at the expense of the company and IT which is the real tragedy unfolding here. The CIO actually gave a speech after she made her "breath of fresh air" moves that if your not with her on her latest moves, get out of the company. Inspiring. Great values. Message: agree with me or get fired. Others in the company who are really outstanding contributors and know their stuff are getting sidelined and marginalized---a disaster in the making as they scramble for the exits. Who is going to be left to do the work? Im sure the CIO will continue to blame others for her own failures as she likes to prattle on constantly about taking more ownership and accountability yet doesn't follow her own rules. The two posts on here applauding the CIO are very poorly done plants--its well known in IT that she asked her remaining leadership team to post positive items due to prospective recruits reading what is really going on. Don't listen to them, IT is truly hell. CIO has done nothing in over a year except demotivate and disrupt the entire IT operation. Her new hires in management are weak--either know nothing about IT or are slow, scared, and ineffective. Don't know much about the last CIO, but it had to have been better than this!

    Advice to Management

    Clearly, fire your CIO and save IT. At the same time, hold your COO accountable as well---he is the mover behind the scenes allowing this nightmare to begin and continue. CEO needs to be more involved and accountable.


  11. Helpful (1)

    IT is a Joke and the Joker is the CIO

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Systems Analyst in Santa Clara, CA
    Current Employee - Business Systems Analyst in Santa Clara, CA

    I have been working at Silicon Valley Bank full-time (Less than a year)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    -Good Pay and Bennys -IT individual contributors

    Cons

    I have been here only a little under a year now. I was full of hope initially, but the new CIO is erratic and doesn't spend time learning IT she just goes off and talks to the business its so strange. She seems to flip flop her views on literally on a weekly basis. I have now seen four leadership members let go. One of them from the engineering area that was recently let go seemed to be really good and had the floors respect--nobody can figure out why he isn't there anymore and seemingly that has been the straw that broke the camels back around here, it was very unpopular and morale is pretty low. People are afraid to say what they really think as the new CIO has created a culture of fear. The current Leadership team is now a group of yes men and woman. I hear it wasn't great before the new CIO took over, but I can tell you it was much better than what we have today.

    Advice to Management

    I think a big mistake was made with the current CIO. You need to do something before things go from bad to worse.



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