Silicon Valley Bank - Incredible company, OK Sr. Mgmt, poor middle mgmt, losing its winning culture, politics killing enthusiasm/motivation. | Glassdoor
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There are newer employer reviews for Silicon Valley Bank

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Helpful (5)

"Incredible company, OK Sr. Mgmt, poor middle mgmt, losing its winning culture, politics killing enthusiasm/motivation."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Santa Clara, CA
Current Employee - Anonymous Employee in Santa Clara, CA
Approves of CEO

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

Pros

Excellent competitive salaries, benefits. Clients LOVE this company; good on resume. The Infrastructure, the troops, are what make this company. At exec level, extremely innovative and want to stay ahead of the curve in the market; highly driven. Sales teams and client facing service delivery teams rock, and are the cornerstone of what makes this company vital. Sales leadership is very strong.

Cons

Very poor management and leadership skills below exec level, and a few newer ones at C-level are failing as well. No one is cultivating the incredible talent at all levels; there is no scouting of the rich pool of talent within the bank that needs mentoring and elevating. "home grown" is falling away. Career paths in finance are nil. Finance, IT, Ops and HR have some critical negative political black holes that need removing. Huge amount of confusion which fuels politics, leads to nonproductivity; the company is losing its edge and good people will, and are, leaving.

Advice to Management

Company is transitioning with new CEO who although is an excellent business man (and long time svber) still needs to define his leadership and better clarify his company's strategy/mission down through the troops; should engage with employees to get tough - weed out the politics and the 'good ol boy' environment; some of it is in his own backyard.

Other Employee Reviews for Silicon Valley Bank

  1. Helpful (5)

    "A once great company loosing the culture and ethics that made them great"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Santa Clara, CA
    Former Employee - Anonymous Employee in Santa Clara, CA
    Negative Outlook
    Approves of CEO

    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 Management

    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,


  2. "Very exciting bank to work for."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern in Palo Alto, CA
    Current Intern - Intern in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Silicon Valley Bank as an intern (Less than a year)

    Pros

    Awesome culture and people. Everyone is an expert in their field and will gladly help each other and explain themselves thoroughly.

    Cons

    Internship program does not funnel into a full-time job based on performance necessarily. You need to go through the application process.

There are newer employer reviews for Silicon Valley Bank
There are newer employer reviews for Silicon Valley Bank

See Most Recent

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