Silicon Valley Bank Reviews

Updated March 4, 2015
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Silicon Valley Bank President & CEO Greg Becker
Greg Becker
11 Ratings

30 Employee Reviews

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  1. Helpful (1)

    Great growth company, not so good for IT career right now.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Staff in San Jose, CA
    Current Employee - IT Staff in San Jose, CA

    I have been working at Silicon Valley Bank full-time (more than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good business model, great brand and strategy, well established in the technology start-up and growth sector.
    Decent compensation and benefits, feels less of bank and more of a start-up. Culture rewards risk taking.

    Cons

    Business stakeholders do not have capability to convert the company vision to strategic initiatives or stick to them. Lot of decisions are based on perceptions and not well thought out.
    IT is badly broken. It was in decent shape till mid-2013 when a new CIO was hired for transformation after the prior CIO left. The new CIO proved to be a fatal experiment and managed to dismantle the org, demotivate almost everyone, increased budget without output, and create a no accountability culture. COO is currently managing IT, and the situation is getting worse as there is genuine leadership vaccum in IT. Not a great place to be if you are looking for a growing career.

    Advice to Management

    Learn from your start-up clients: fail-fast and admit mistakes.
    Believe in what you say - people are your best assets.

  2. Not what it used to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee in Santa Clara, CA
    Current Employee - Anonymous Employee in Santa Clara, CA

    I have been working at Silicon Valley Bank (more than 10 years)

    Pros

    Love the people that I work with

    Cons

    Culture and management has deteriorated over the past few years. Favoritism is rampant and not necessarily base on skill.

    Advice to Management

    Do something to address the issues identified in the employee surveys.

  3. Company pays well- but strength of management on different teams can be weak. People suck up to get promoted.

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

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

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

    Pros

    Good people, good pay, good work-life balance. Fun environment, but weak managers in a lot of areas.

    Cons

    Management of certain teams. If you suck up enough, you will succeed. Just because you are good in some areas, doesn't mean you can manage people.

    Advice to Management

    Just because people are strong in some areas, doesn't mean they will be good at managing people. People don't quit companies, they quit managers.

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  5. Intern

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

    I worked at Silicon Valley Bank

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Gain knowledge about the venture capital and banking for start up companies

    Cons

    Training and growth potential was minimal

  6. Helpful (3)

    Depends which dept. you work in

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous in San Francisco, CA
    Current Employee - Anonymous in San Francisco, CA

    I have been working at Silicon Valley Bank full-time (more than 5 years)

    Neutral Outlook
    Disapproves of CEO
    Neutral Outlook
    Disapproves of CEO

    Pros

    It's apparent to me which departments are happy and which are struggling after reading the reviews. Each area and dept is managed differently and employees have a wide range of experiences because of that. In my position, we have great culture, and pretty good management.

    Cons

    The bank has changed over the last year or 2. Morale is lower, stress is higher, and salaries are lower than industry average. There has been large turnover in specific teams because of employee frustrations in combination with competitor poaching.

    Advice to Management

    Focus on taking care of your employees. The culture is changing and not for the better.

  7. Helpful (1)

    Start-up bank with great culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA

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

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

    Pros

    There are so many great things about SVB: great benefits, the culture, and the start-up ecosystem. The Bank is well known in the start- ups and venture community; they bank close to 60% or more of the start-ups. You will learn a lot about business development, underwriting and portfolio management.

    Cons

    Politics and favoritism are what is killing the culture that the company built since its founding. Some managers are incompetent, weak and will throw you under the bus. Other than this, most people are pleasure to work with and you will make life long friends.

    Advice to Management

    People are company's greatest assets. Please focus on developing talent; otherwise, the bank will continue to lose its top talent to competition.

  8. SVB (Boston Office)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant in Boston, MA
    Former Employee - Financial Consultant in Boston, MA

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

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

    Pros

    Relaxed & collegial atmosphere. People here are really genuinely nice. Company is improving training resources for new and existing employees.

    Cons

    Poor compensation for work done; most junior associates on good teams will work investment banking hours for half the pay. Promotions are handed out by a managerial committee so there's a significant chance that you'll be passed over for more senior employees unless you network really hard.

    Advice to Management

    ADP Program is a step in the right direction; consider recruiting from outside managements alma mater(s), you might get better candidates.

  9. Helpful (2)

    I would not recommend this company to an IT engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in Santa Clara, CA
    Former Contractor - Anonymous Contractor in Santa Clara, CA

    I worked at Silicon Valley Bank as a contractor (less than a year)

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

    Pros

    If you are looking for a career in finance and banking, this is a good place because SVB is primarily an investment bank, and not a retail bank. For this same reason, there is never a *stressful* push to continuously improve the IT function, add more features or fix the less critical bugs - primary interaction with customers is by customer facing employees. In that respect, life for an IT engineer is relatively stress-free.

    Cons

    IT dept is chaotic and has not enough SVB people - a lot of IT functions are outsourced to multiple agencies with consequent lack of interest in working together and unhealthy politics.

    Advice to Management

    It is OK to hire SVB people who are then motivated and incented to work for the bank, and do not owe their loyalty to their hiring agencies.

  10. Helpful (1)

    Growing bank

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    SVB gives the opportunity to work in a high growth Bank. The comp and Ben is very good and the people are very friendly with strong integrity.

    Cons

    As with growing companies the infrastructure is still catching up and resources are limited. There are not too many internal opportunities to grow as the Mid-Senior Management does not change.

  11. Helpful (3)

    SVB has lost its luster; management is seriously disconnected

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Palo Alto, CA
    Current Employee - Anonymous Employee in Palo Alto, CA

    I have been working at Silicon Valley Bank full-time (more than 5 years)

    Positive Outlook
    Approves of CEO
    Positive Outlook
    Approves of CEO

    Pros

    Benefits, life/work balance, employees are generally happy to be there

    Cons

    When minor mistakes are made, it becomes a blame game, finger-pointing environment. Some bad managers are making things worse. Employees are afraid to say anything because of the backlash. They are being thrown under the bus.

    Advice to Management

    Upper management needs to pay attention. Bad managers are being promoted. It's quid pro quo.

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