Silicon Valley Bank Reviews

Updated June 24, 2015
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3.0
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Silicon Valley Bank President & CEO Greg Becker
Greg Becker
12 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

34 Employee Reviews

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  1. Helpful (1)

    Great culture, sad salary

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

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

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

    Pros

    Great culture. Everyone is very friendly. Great reputation in the Valley. Many opportunities to learn and develop.

    Cons

    Pay is below industry average. Bank systems are old and outdated. Very little top down transparency.

    Advice to Management

    If you want to keep your talent, you need to incentivize them to stay with the bank.


  2. Top Management

    • 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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Fast Growing bank, Technology savvy, Executive ambitions. Legacy of a People centric culture.

    Cons

    Management and Leadership need improvements in ability attract and retain talent in Technology Department.

    Advice to Management

    Motivate people and give them clear goals and make them value. Define their purpose and give them accountability.


  3. Helpful (2)

    Relationship Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Advisor in Oakland, CA
    Current Employee - Relationship Advisor in Oakland, CA

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

    Positive Outlook
    Approves of CEO
    Positive Outlook
    Approves of CEO

    Pros

    Great people and benefits. Company really cares about delivering excellent client service and tries to be as technology savvy as you can be for a bank

    Cons

    growing so fast that it's hard to keep up. the work-life balance has been challenging

    Advice to Management

    Allocate more resources to client service teams, we are drowning


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  5. Helpful (7)

    Not good for IT career

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

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

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Bank is a trusted partner in technology and life-science community. The business model and resulting revenues are impressive.

    Cons

    IT is a disaster right now. Besides the lack of genuine leadership from the people in charge, some of the key ITers are leaving. Its not as much fun compared to my other jobs because most of the ITers(including the leaders) can not stand up for what is right for the company. The few who did were overlooked and they have now moved on - what a way to loose the key asset for any company. The worst part is the acting CIO who has led the company to this situation thinks we are in good shape. You can not fix a problem till you acknowledge a problem !! If you are considering a job, please do yourself a favor and ask the hiring manager about how many people have left their organization and why - you will get the idea. Also know the hiring manager well, as some of them especially CTO are incapable managers. Till last year IT was in mood to hire like crazy and all of a sudden at start of this year - no hiring. This is the level of strategic planning the temp CIO has brought on. I have heard this used to be a professionally managed IT team till the CIO change in 2013. What I can see is the team spirit is totally subdued, no real motivation, no attention to real problems, no sense of accountability. HR seems to stack lowest compared to the other companies. The company freely uses the marketing lingo - employees are our key assets, but does little to follow it. They are unable to do anything to retain or motivate key personnel looking at recent exits by senior personnel.

    Advice to Management

    They know where the problems are and how to fix it. Listen to employees on ground, take some interest in genuine problems and build back the trust slowly.


  6. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  7. Helpful (1)

    Not what it used to be

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    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.


  8. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  9. Intern

    • 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

    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


  10. Helpful (5)

    Depends which dept. you work in

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  11. Helpful (2)

    Start-up bank with great culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.



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