Silicon Valley Bank Pay & Benefits | Glassdoor

Silicon Valley Bank Overview

Santa Clara, CA
1001 to 5000 employees
1983
Company - Public (SIVB)
Finance
$1 to $2 billion (USD) per year
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international ... Read more

Company Updates

  • We are proud to be on the Forbes and JUST Capital Just 100 list and be recognized as the Most Just Bank.

  • Our CIO, Roger Leone, shares the most important lessons he's learned while at the helm of SVB's IT team.

    The Changing Face of IT Leadership

    Roger Leone, CIO, Silicon Valley Bank [NASDAQ: SIVB] Today, information technology executives have an influential seat in the C-suite and effective leadership is essential for their company's success. The accelerated pace of technology adoption across industries means the IT team is more critical than ever in charting a company's future and setting it apart from competitors.

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Silicon Valley Bank – Why Work For Us?


Banking the world's most innovative companies and exclusive wineries, SVB's diverse financial services, knowledge, global network, and world class service help our clients move their bold ideas forward, fast. With $43 billion in assets and more than 2,200 employees, we provide commercial, international and private banking through locations in innovation centers around the world. 

Join a bank like no other.

When you work with the world's most innovative companies, you know you're making a difference every single day. 

Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and 30+ years of experience in the industries we serve, and to partner with passionate, enterprising SVBers, dedicated to helping them grow and succeed at every stage of their business.

We're hiring.

Join the team that’s driving innovation in banking today. SVB offers career opportunities in major technology hubs in North America, Europe and Asia. We also offer exciting opportunities for IT experts to help us develop our own platforms to serve our clients.

Benefits


Just as our clients count on us, SVB's benefits are designed to support our employees' dreams, enhance their well-being, and achieve their goals. SVB offers employees a robust benefits package. It's among the best in business today.

Balancing Work And Life

At SVB, we offer plenty of paid time off and perks to help employees balance work responsibilities and their personal lives.

Vacation

Non-exempt employees accrue vacation up to 22 days per year and exempt employees participate in SVB’s “Time Away from Work” practice, in which they collaborate directly with their manager to plan time away from work to refresh and renew.

Holidays

There are 10 scheduled paid holidays.

Sick Leave

Employees accrue up to a maximum of 10 sick days per year

Employee Assistance Program (EAP)

Employees and their family members can contact the EAP for confidential counseling, advice and referrals on personal as well as work-related issues.

Commuter Benefit Program

This program allows employees to save on eligible commuting costs through automatic, pre-tax payroll deductions for transit passes, parking and vanpooling. Once the pre-tax limit is reached, post-tax deductions can be taken.

 

Staying Healthy

We offer comprehensive health care coverage and other resources to promote the health of our employees and their families.

Medical

Options include a Preferred Provider Organization (PPO) and Point-of-Service (POS) plans through United HealthCare. Regional HMOs are also available in California (Kaiser) and Massachusetts (Tufts).

Dental

We offer coverage under the Delta Dental plan.

Vision

We offer the Vision Service Plan (VSP) and, for employees in Boston, we also offer Advantica Eyecare.

Health Care Flexible Spending Account

Employees can save on taxes by contributing part of pre-tax pay to this account, then getting reimbursed for eligible out-of-pocket health care expenses.

Dependent Care Flexible Spending Account

Through this pre-tax plan, employees can save on taxes for out-of-pocket dependent care expenses like after school care, adult day care for an aging parent who lives with you, as well as babysitters and nannies.

Financial Protection

We offer a number of insurance plans to protect employees and their families in the event of an unexpected life change, such as a disability or a death in the family.

Short-term Disability

This plan offers a basic level of income replacement after seven days of missed work due to illness or injury.

Supplemental Short-term Disability

This plan pays in addition to the basic short-term disability coverage. Employees pay the full cost for this coverage.

Long-term Disability

If an employee's injury or illness continues for more than 90 days, a percentage of pay in benefits is received. SVB pays the full cost for this coverage.

Life Insurance

To protect an employee's family in the event of death, SVB provides basic term life insurance coverage of two times base pay. Supplemental coverage for employees can also be purchased.

Dependent Life Insurance

Employees may choose to purchase dependent life insurance for their spouse and children.

Building Wealth For Tomorrow

SVB offers several comprehensive programs that support our employees in meeting their financial and retirement goals.

The 401(k) Plan

Employees can invest up to 75% of pre-tax pay in any one of the many investment options offered through Fidelity. SVB matches the first 5% contributed dollar-for-dollar and the contributions are immediately 100% vested. SVB also offers an additional catch-up contribution to employees age 50 and over.

The Employee Stock Ownership Plan (ESOP)

Employees may receive an additional retirement plan contribution of up to 10% of pay, based on the company's performance. This contribution is paid annually and vests over a five-year period.

The Employee Stock Purchase Plan (ESPP)

Employees can purchase shares of SVB Financial Group stock at a 15% discount through after-tax payroll deductions.

Employee Growth And Development

Learning Opportunities

SVB's Learning & Development group offers a full curriculum of courses to aid in your personal and professional development.

Tuition Reimbursement

Employees who have been with SVBfor at least six months are eligible to receive financial assistance towardsthe pursuit of a job-related degree. SVB reimburses for tuition and books, upto an annual limit.


To be eligible for Benefits, you must be a regular employee working at least 20 hours per week. Additional eligibility requirements may apply. This is an overview of SVB Financial Group's benefits. It is not a legally binding document. Complete plan details can be found in the legal plan documents, which govern all cases. SVB Financial Group reserves the right to terminate or amend the program at any time. This information does not constitute a guarantee or contract of employment.

For a description of benefits outside the US, please visit https://www.svb.com/careers/work-life/.

undefinedAt SVB Financial Group, satisfying the complex needs of our clients is what our business is all about. We work hard to be the premier provider of innovative financial services to entrepreneurial companies of all sizes worldwide.

But that's only part of our story. Behind every client of SVB Financial Group is a system dedicated to earning their trust. Whether it's called "corporate citizenship" or "social responsibility," SVB Financial Group takes seriously its commitment to conducting business in an ethical and responsible manner. We live up to that commitment in the way we work, in our accountability to shareholders and our engagement with our employees, customers, the communities we are chartered to serve and the environment in which we operate. 

The Way We Work and Our Accountability to Shareholders

Effective corporate governance is essential for maintaining the public trust and achieving long-term sustainable value for all of our stakeholders. SVB Financial Group is committed to sound oversight consistent with the best interests of our stakeholders, ethical business principles and adherence to the letter and spirit of the law. SVB Financial Group is also diligent about ensuring its compliance with requirements of all applicable banking laws and Generally Accepted Accounting Principles, and reporting our financial results objectively and accurately. For more information please see our Corporate Governance statement and details about the Board of Directors.  

Engagement with Our Employees

Engaged, able and qualified employees who feel fulfilled and energized, and who embrace our business strategy and culture, help make our business successful. SVB Financial Group is deeply committed to investing in employees and developing current and future leaders. This is achieved through a welcoming and collaborative environment, a safe and healthy workplace, organizational transparency, and attractive compensation. Our goal is to consistently be recognized as a great place to work. For more information about compensation, employee activities and career opportunities, please see our Careers site.

The Communities We Are Chartered to Serve

In return for federal deposit insurance, financial institutions are required to make every effort to provide financial services to low- and moderate-income individuals and the low- and moderate-income communities the institution is chartered to serve as mandated through the Community Reinvestment Act ("CRA"). SVB Financial Group looks beyond the mandates of this regulatory requirement and stands on the belief that communities are the building blocks of our nation and that the economic health of our communities affects not only our local economy, but the international economy as well.

Silicon Valley Bank's Community Development Finance Practice is dedicated to providing Bay Area housing developers with financing for both single and multifamily affordable housing projects. We have developed strategic partnerships with the California Housing Finance Agency and the California Community Reinvestment Corporation.

SVB Financial Group's goal is to dedicate resources to positively impact communities throughout its footprint in a manner that is sustainable and inclusive, and to consistently achieve a "Satisfactory" rating by the Federal Reserve on our CRA examinations. For more information, please read about SVB Financial Group's CRA program

A sustainable commitment to the communities we serve requires employee collaboration with various financial organizations, corporate leaders, foundations, non-profits, government entities (domestic and international) and others. SVB Financial Group employees at all levels participate in a variety of activities that make communities a better place to live and work. Visit our SVB in the Community page.

The SVB Foundation 

In order to support employee participation in community activities, the SVB Foundation makes grants on a quarterly basis to community organizations where SVB Financial Group employees volunteer or serve in leadership positions, and the organizations share our goal of serving and improving the community.  

The Environment In Which We Operate

As with most financial service organizations, SVB Financial Group's main impact on the environment is indirect, through our lending and investments. The environmental risks facing businesses today add a new dimension to risk management. SVB Financial Group's role of allocating capital to cutting-edge businesses brings with it responsibilities of recognizing those risks and considering the sometimes conflicting interests of our clients and other stakeholders in society. SVB Financial Group is committed to being a well-informed and valued business partner for our clients, resulting in both increased business opportunities and decreased environmental risks.


Silicon Valley Bank Reviews

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Silicon Valley Bank President & CEO Greg Becker
Greg Becker
141 Ratings
  • "Fast paced but rewarding"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Silicon Valley Bank full-time (More than 8 years)

    Pros

    Some the greatest teams and individuals I have ever worked with

    Cons

    Definitely having growing pains, but I believe the end goal is feasible and good

    Advice to Management

    Don't let folks burn out. Overall, doing a great job

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Silicon Valley Bank Photos

Silicon Valley Bank photo of: Happy Friday from the SVBers on the Silicon Valley Sports League who dominated soccer last week against Zendeck & SocialChorus!
Silicon Valley Bank photo of: Austin-based SVBers volunteered their time at a Habitat for Humanity project painting the exterior of the home, interior doors, building a fence and finishing caulking and trim work inside.
Silicon Valley Bank photo of: "The Joystick that Changed a Life," the short film about SVB employees Robert Book and Ian McCutcheon's effort to build a custom gaming joystick for Robert's son, Jerry, won two Telly Awards!
Silicon Valley Bank photo of: SVBers and their families in CO walked in the Light The Night Walk - Rocky Mountain Chapter to raise money for the fight against blood cancers. The team raised $15,495 for the cause!
Silicon Valley Bank photo of: Fifteen volunteers from SVB China and Shanghai offices united in Da Pu Qiao to spend time with the students at the Sunshine Home.
Silicon Valley Bank photo of: SVB supporting Habitat for Humanity.
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Silicon Valley Bank Interviews

Experience

Experience
63%
16%
20%

Getting an Interview

Getting an Interview
35%
32%
16%
12
1
1

Difficulty

2.9
Average

Difficulty

Hard
Average
Easy
  1.  

    Team Manager Interview

    Anonymous Interview Candidate in Tempe, AZ
    No Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. I interviewed at Silicon Valley Bank (Tempe, AZ) in July 2017.

    Interview

    lengthy interview process. Takes way to long for them to decide on whom they will choose as the next new hire to the company. I am sure they loose out on a lot of good candidates.

    Interview Questions

    • What would your former employer say your weaknesses are?   Answer Question
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Silicon Valley Bank Awards & Accolades

  • America’s Most JUST Bank, Just Capital and Forbes Magazine, 2016
  • Highest Ranked Bank in Overall Satisfaction, Transaction/Payments Processing, Strategic Partnership & Customer Relationship, CFO Magazine, 2016
  • 39th Largest US Bank by Assets Q2 2016, SNL Financial, 2016
  • Best Investor Relations Program, Institutional Investor Magazine, 2016
  • Best Analyst Day 2017, Institutional Investor Magazine, 2016
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