Silicon Valley Bank - SVB has lost its luster; management is seriously disconnected | Glassdoor
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There are newer employer reviews for Silicon Valley Bank

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Helpful (4)

"SVB has lost its luster; management is seriously disconnected"

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

I have been working at Silicon Valley Bank full-time (More than 5 years)

Pros

Benefits, life/work balance, employees are generally happy to be there

Cons

When minor mistakes are made, it becomes a blame game, finger-pointing environment. Some bad managers are making things worse. Employees are afraid to say anything because of the backlash. They are being thrown under the bus.

Advice to Management

Upper management needs to pay attention. Bad managers are being promoted. It's quid pro quo.

Other Employee Reviews for Silicon Valley Bank

  1. "Summer Intern"

    Star Star Star Star Star
    Former Intern - Summer Intern in Newton, MA
    Former Intern - Summer Intern in Newton, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Silicon Valley Bank as an intern (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.


  2. Helpful (5)

    "Stay away from the internal audit department!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Internal Audit Associate in Santa Clara, CA
    Former Employee - Senior Internal Audit Associate in Santa Clara, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

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


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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