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3 people found this helpful  

A once great company loosing the culture and ethics that made them great

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

I worked at Silicon Valley Bank full-time for more than 8 years

Pros

Outstanding benefits
Competitive pay
Good in a niche market
Has done very well in a bad market

Cons

Middle management progressively going from bad to worst

Major down trending of employee moral and management not able or willing to do anything about it

Senior Management team made of good, smart people but are ultimately responsible for trend of employee dissatisfaction

Erratic cost cutting measures. (Catch the bus from the airport to your room at the W)

Bizarre Mom & Pop review process that unnecessarily time consuming and complicated. Does not scale well to large organisations

VERY bloated IT department for the size of the company. Has the mentality of throwing money and outsourcing at the problem

The Bank wants very badly to have the prestige of being one of "the best places to work" but is not willing to focus resource to keep it

As others have mentioned before, favoritism is alive and raging in the company as never before. If you "drink the kool-aid" and swallow your ethics you can really go places

Advice to ManagementAdvice

Bank trying very hard, and spending tons of money to advance it's international footprint. It needs to step back and focus on becoming a lean, mean, well oiled machine by cultivating the culture and technology that made it a great bank. This needed to happen before trying to conquer the world. Not doing so exposes the bank to too much risk. The road to success is littered with the companies that tried grow too fast.

Finally, clean house in IT from the top down. IT is the rudderless cancer that is killing SVB. A cancer that is killing profits and morale in an effort to keep up with the demands of a company growing too fast,

Negative Outlook
Approves of CEO

107 Other Employee Reviews for Silicon Valley Bank (View Most Recent)

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  1. 4 people found this helpful  

    Great Business Model, Great Products, Engaging Executive Management

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

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

    Pros

    Above average pay. Good work balance. Great benefits--401k, ESPP, Health. Executives are very approachable to their employees.

    Cons

    IT infrastructure is in the dark ages. Imagine being in Silicon Valley for > 25 years and going into a conference room and worrying if the LAN line works. That's SVB. Middle Management is one of the worst I have experienced in my 20 year career, especially IT and PMO. HR liasons are useless. They pretend to listen and provide guidance, but will always side with management, unless you can prove your case in court! Employees are guilty, until proven innocent!

    Advice to ManagementAdvice

    If employees start dropping in any particular group, please discipline the managers, send them to management training classes or make them individual contributors! Some people are not cut out to be managers! You already have a great company, with great products in a unique niche. You engage with employees better than most companies your size. Listen to the worker bees every once in a while and don't rely on HR Business partners to do their jobs.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Very exciting bank to work for.

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

    I have been working at Silicon Valley Bank as an intern for less than a year

    Pros

    Awesome culture and people. Everyone is an expert in their field and will gladly help each other and explain themselves thoroughly.

    Cons

    Internship program does not funnel into a full-time job based on performance necessarily. You need to go through the application process.

    Recommends
    Positive Outlook
    Approves of CEO
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