There are newer employer reviews for Silicon Valley Bank

4 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 (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

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

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  1. 2 people found this helpful  

    Former Contractor Project Manager

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

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

    Pros

    The pay at SVB is competitive.

    Cons

    The management team in IT and the PMO are incompetent, lack management and people skills and play favoritism. The existing processes are broken but they are not open to suggestions or recommendations from employees. I’m so glad to be out of that place because the environment is toxic.

    Advice to ManagementAdvice

    Please listen to your employees when they bring their concerns in regards to poor management and work environment. The #1 reason people leave their job is due to a BAD boss!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Great people, but way too political.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 8 years)

    Pros

    Great, friendly, smart, motivated people.
    Small enough that you can have an impact.
    Amazing benefits.
    Cool focus on startups.
    Feels like a community.
    Lots of people stay for a long time.

    Cons

    Clique-y with clear favorites, which has increased in the last year.
    Really want you to drink the kool-aid instead of think out of the box.
    Not good at process management, IT or creating a short list of clear priorities.
    Executive "steering committee" has become distant and little information sharing or decision-making happens lower in the organization.
    Say they don't tolerate bad behavior, but clearly do for those who are management favorites.
    Not much people development in last few years.
    Have fired a bunch of company veterans over the last year without explanation, which has made people really nervous.

    Advice to ManagementAdvice

    You have great people. Use them.

    Recommends
    Neutral Outlook
    Approves of CEO
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