Silicon Valley Bank

  www.svb.com
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107 Employee Reviews (View Most Recent)

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2 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

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

Other reviews for Silicon Valley Bank

  1. 2 people found this helpful  

    Learn a lot, work with high profile tech and life science deals.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate II  in  Atlanta, GA
    Current Employee - Associate II in Atlanta, GA

    Pros

    Exciting to be working with fast growing tech and life science companies that are backed by some of the top VCs in the market. No deal is the same. You'll learn a lot about the role of debt and equity in Corp Finance and will get a lot of exposure to the local market.

    Overall compensation and benefits were good, but not amazing. Salary was one of the weaker points as it was slightly below market, especially if you want to live in the downtown area of the nearest city rather than a suburb. Vacation, health, 401k match, bonus made up for it. Also, flexibility in work schedule.

    Work load fluctuated with deal flow. Some days you'll work late and have to be plugged in responding to emails at all hours. Other times you can take a long lunch and focus on your own networking or career development.

    The people are all good to work with.

    Cons

    Commercial bank means you'll be fitting each deal into the bank's credit matrix. The deals are not as far out on the risk curve as one might expect, particularly for a bank working with companies operating at a high risk, high growth stage. Less strategic operating involvement with companies as well. Understand what you are getting into, as this is not a VC or PE.

    Smaller offices in smaller VC markets might not give you the growth trajectory or career opportunities you are looking for. Boston, Boulder and Santa Clara are the big offices and it often felt like young employees in these offices got promoted faster and got more diverse opportunities than those in the other smaller offices. Promotions in smaller offices tended to be based on vacancies above.

    Advice to ManagementAdvice

    Generic "do more" feedback during reviews was not constructive, particularly for junior employees looking to move up. Specific, quantifiable goals would be better and keep people more engaged.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Great bank, subpar middle management

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

    Pros

    - Get to work with great clients
    - Great camaraderie with fellow co workers
    - Good benefits
    - Pay is competitive

    Cons

    - Middle management is ineffective
    - Lack of strategic direction for non lending units
    - Does not pay attention to career growth

    Advice to ManagementAdvice

    Do something of the ineffective middle management

    Recommends
    Positive Outlook
    No opinion of CEO
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