There are newer employer reviews for Silicon Valley Bank

 

Summer Intern

Former Employee - Summer Intern  in  Newton, MA
Former Employee - Summer Intern in Newton, MA

I worked at Silicon Valley Bank as an intern for less than a year

Pros

The company atmosphere was very fun and the people are interesting and easy to work with. Everyone was willing to help and answer my questions. I participated in a lot of out of office activities and community service. It was an overall great experience

Cons

Sometimes a little boring, but I think this was because they are slow in the summer.

Recommends
Positive Outlook
Approves of CEO

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

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  1. 2 people found this helpful  

    Stay away from the internal audit department!

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

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

    Pros

    Above average benefits & compensation
    Unique niche
    Location
    Most of the people outside of internal audit are cooperative

    Cons

    Internal audit department is one of the worst departments to work for in SVB. The team comprises of Caucasian male managers and Asian female staff. Teams are managed by fear and intimidation. There is no guidance, mentoring or coaching from any of the managers. Head of internal audit has an objective to force at least two employees to quit each year. In the 7 years that he has been on the job 14 people have quit the group. The size of the internal audit team is 10.

    Outside of internal audit, if you are on the lending side you can have a defined career path depending on your networking skills. Having a parent that is connected to the startup ecosystem is a prerequisite for success.

    SVB executive management is stacked with Greg Becker's followers. As expected, this leads to a single point of view which is good if it's the right view.

    Advice to ManagementAdvice

    Leadership cannot be delegated
    Stop treating corporate functions like internal audit as necessary evil that are needed for regulators and audit committee

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Stay away!

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

    I have been working at Silicon Valley Bank full-time for more than a year

    Pros

    They're great if you love the typical Silcon Valley perks (coffee service, free food, covered parking, gym, game room, etc.) to mask the fact that they're a sweat shop.

    Cons

    They've taken the "Client First" mantra to the extreme where there is no work-life balance. A standard weekday report suddenly becomes an emergency on the weekend if it involves a client. Almost all project workloads are generated by audit due to compliance issues. There is no career path for people in IT. Management personnel decisions are made without employee input. Staffing levels are insufficient. One IT leader is known for inappropriate emails. People are burnt-out and management downplays or ignores complaints. IT management is better at fire-fighting than strategic planning.

    Advice to ManagementAdvice

    IT leadership is ineffective, incompetent, and ruining the culture that the CEO has installed.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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