Silicon Valley Bank

  www.svb.com
  www.svb.com

Silicon Valley Bank Reviews

Updated 9 December 2014
Updated 9 December 2014
119 Reviews
2.9
119 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Silicon Valley Bank President & CEO Greg Becker
Greg Becker
59 Ratings

Review Highlights

Pros
  • Good people, very focused on their employees and work life balance (in 11 reviews)

  • good benefits good job opportunity (in 16 reviews)


Cons
  • They've taken the "Client First" mantra to the extreme where there is no work-life balance (in 5 reviews)

  • Its too late in IT, its to damaged thanks to the depredations of the new CIO (in 8 reviews)

More Highlights

Employee Reviews

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  1.  

    Silicon Valley Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank

    Pros

    Community, pay, benefits,balance, vacation, time off

    Cons

    None that I can see.

    Advice to ManagementAdvice

    Keep doing what your doing!

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank

    Pros

    Gain knowledge about the venture capital and banking for start up companies

    Cons

    Training and growth potential was minimal

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Depends which dept. you work in

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

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

    Pros

    It's apparent to me which departments are happy and which are struggling after reading the reviews. Each area and dept is managed differently and employees have a wide range of experiences because of that. In my position, we have great culture, and pretty good management.

    Cons

    The bank has changed over the last year or 2. Morale is lower, stress is higher, and salaries are lower than industry average. There has been large turnover in specific teams because of employee frustrations in combination with competitor poaching.

    Advice to ManagementAdvice

    Focus on taking care of your employees. The culture is changing and not for the better.

    Neutral Outlook
    Disapproves of CEO
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  5.  

    Generally good but hard to progress if you aren't in the core group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank full-time (more than an year)

    Pros

    - Benefits package is first class
    - Social company to work for
    - Opportunity to travel to US
    - Great office location

    Cons

    - If you're not in the clicky gang you're going nowhere.
    - Despite the connection to tech systems are aging and creaky
    - Now established in UK the culture has got more cut-throat
    - Office is over-crowded

    Recommends
    Negative Outlook
    Approves of CEO
  6.  

    Start-up bank with great culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in San Francisco, CA (US)
    Former Employee - Vice President in San Francisco, CA (US)

    I worked at Silicon Valley Bank full-time (more than 5 years)

    Pros

    There are so many great things about SVB: great benefits, the culture, and the start-up ecosystem. The Bank is well known in the start- ups and venture community; they bank close to 60% or more of the start-ups. You will learn a lot about business development, underwriting and portfolio management.

    Cons

    Politics and favoritism are what is killing the culture that the company built since its founding. Some managers are incompetent, weak and will throw you under the bus. Other than this, most people are pleasure to work with and you will make life long friends.

    Advice to ManagementAdvice

    People are company's greatest assets. Please focus on developing talent; otherwise, the bank will continue to lose its top talent to competition.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Great bank to work for, if you ever consider working for financial institution.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank

    Pros

    Small bank, benefits are something to wish for such as free wine tasting at client wineries and mortgage loans to employees, great teamwork.

    Cons

    If you looking for a stable job it's for you, no stock options though or startup excitement.

    Advice to ManagementAdvice

    Doing the right thing, just need to be careful about who you hire for executive roles.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern
    Former Employee - Intern

    I worked at Silicon Valley Bank as an intern (less than an year)

    Pros

    Friendly, helpful, knowledgable people. Work day went by quickly because my coworkers were so enjoyable to be around. People stick around for a long, long time because it's such a great place to come into work.

    Cons

    Did not receive a lot of feedback

    Advice to ManagementAdvice

    It would really be worthwhile to invest in more up-to-date software, and to make our own site easier for clients.

    Approves of CEO
  9.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Silicon Valley Bank as a contractor (less than an year)

    Pros

    good benefits good job opportunity

    Cons

    tough schedule, very competetive environment

    Advice to ManagementAdvice

    keep this way

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Awful Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Silicon Valley Bank full-time (more than 10 years)

    Pros

    Salary & benefits are what keep people here even though everyone is miserable.

    Cons

    SVB used to be a wonderful place to work back in the days of Ken Wilcox. The bank actually cared about its employees. However since Greg Becker took the reigns, they no longer care about its people - they only care about the bottom dollar and treat its employees as numbers. It's really sad because I used to love this place. I would not recommend working here to anyone .

    Advice to ManagementAdvice

    Start caring about your people again.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 3 people found this helpful  

    Interesting work, great benefits, flexibility but lot of expectation for putting in the hours

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Worker Bee in Tempe, AZ (US)
    Current Employee - Worker Bee in Tempe, AZ (US)

    I have been working at Silicon Valley Bank full-time (more than 3 years)

    Pros

    If you are smart, have good communication skills and ready to work hard, this could be the place for you. You will be amply rewarded. SVB pays above market salaries in Tempe, AZ, however, salaries in bay area are probably inline with the market. Very wide range of useful benefits such as employee stock purchase plan, 401K matching with immediate vesting, generous bonus and good medical benefits. The company takes care of its employees financially.

     People are very professional and friendly in general. The company is growing so there is ample interesting work. If I am not mistaken, they have not had mass lay-offs at least in the last 20-25 years . They remained resilient through the financial crisis because they were disciplined and avoided real estate sub prime loans. (Only because they got burnt in real estate in the 80s and they pledged to stay away from real estate). The former chief credit officer, Dave Jones, was a hawk so he probably kept them away from trouble prior to the financial crisis.

    Cons

    People are overworked. It is a very sales like culture. Talkers do better than doers.

    After years of growth and success, executives have become arrogant and there is lot of politics. Only if you are on the right side of the authority, will you do well. They started the SVB values thing so that more people start drinking the kool-aid. The top execs don't really live by it but want it drilled in the worker bees to create a cult-like culture and increase productivity. The integrity of some of the top guys is also questionable.

    There is lot of group think. Depending on who you work for, you can be shot down for disagreeing with the boss.

    SVB has been lucky to be in the right place at the right time. Venture capital investments are going through the roof and SVB being in that space is benefiting tremendously. The C level management and senior management seem to believe that they are somehow responsible for the success of the company. I believe they have little if anything to do with the success and growth. They just got lucky. Now they believe that higher interest rates will make them even more successful. I am not so sure. Higher interest rates will slow down the economic activity and reduce the money sloshing around in VC world. SVB might benefit in terms of higher margins but will lose in terms of volume.

    Not too many people with good education, not even the senior management has good education but there are a few exceptions here and there. They can promote you to the top even if you don't have a degree (not necessarily bad thing if you did not go to college but are a real go-getter). They are trying to promote more women now to increase diversity. I personally think that discriminating based on gender, skin color, race or sexuality is not the best way to increase diversity. In fact, I see a lot of group think in some departments. If you do not agree with the authority, you are considered a trouble-maker. Increasing difference of opinion is probably a better way to increase diversity rather than discrimination but that is just my personal opinion and obviously not a fact.

    Advice to ManagementAdvice

    You are lucky to be in the right place at the right time and your business model is working great for now. Don't get cocky thinking it is only because of your initiatives that the company is making loads of money.

    You have some rotten apples in the mix. Take out bad and arrogant senior managers who lack integrity. At least take a look at why people are leaving under these managers. Make sure that the SVB values are embraced at all levels not just the worker bees. Pay extra attention to integrity. Preserve the culture, it is worth billions! Don't let some ambitious but unethical managers and executives screw it up. Some of them are more focused on building their empire than doing good for the company. Your job is to find them and take care of them!

    Recommends
    Positive Outlook
    Approves of CEO

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