There are newer employer reviews for Silicon Valley Bank

3 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 (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
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  1. 4 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 (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
  2. 5 people found this helpful

    Frat house

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank

    Pros

    Great benefits, company is well known with the early stage tech companies as well with the top venture firms.

    Cons

    Unless you are a lender your career trajectory is very limited. Too many middle managers , old boy network prevails.. Rotation program only available for lenders and the "chosen". Many of the successful people fit same profile

    Advice to ManagementAdvice

    Don't be so insincere

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