Silicon Valley Bank

  www.svb.com
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Silicon Valley Bank Reviews

Updated Jul 19, 2014

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All Employees Current Employees Only

3.1 104 reviews

76% Approve of the CEO

Silicon Valley Bank President & CEO Greg Becker

Greg Becker

(46 ratings)

57% of employees recommend this company to a friend

Review Highlights

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

  • good benefits, interesting work(in 15 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 7 reviews)

104 Employee Reviews
Relevance Date Rating
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    • Approves of CEO

     

    Great company to work for.

    Anonymous Employee (Current Employee)

    ProsStrong, collaborative/team oriented culture; management has good strategic focus/objectives; strong benefit package; ability to move around to different roles internally; work/life balance

    ConsVisibility around employee compensation relative to competitors; can be overly slow to make big decisions; minor growing pains (real estate challenges, hiring strategy) as bank continues to rapidly scale

    Advice to Senior ManagementContinue to promote from within, proactively take care of "best people" through empowerment, compensation and attention from highest levels in organization.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Approves of CEO

     

    Ambitious company with an amazing Brand and client focus

    Anonymous Employee (Current Employee)

    ProsDedicated senior managers
    Great culture and values
    Amazing business opportunities
    Credit policy discipline
    Global business

    ConsIT challenged to keep up with bank growth
    Sales team paid by commission = bad habits
    Fast changing environment - need to be even more nimble

    Advice to Senior ManagementThink differently about IT - adopt a new cloud based flexible/easy to customise platform and ditch old ASAP
    New CIO is a very good person and will lead us to new great things

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    One of the better ones

    Operations Analyst (Current Employee) Santa Clara, CA (US)

    ProsGreat company, great culture, good benefits, and lots of perks.

    ConsVolume of work is high, requiring a lot of overtime. Adequate training is lacking in some areas.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Proud to be an SVBer

    Anonymous Employee (Current Employee) Santa Clara, CA (US)

    Pros*smart people
    *great culture
    *AWESOME benefits
    *community consciousness
    *challenging environment that embraces creative thinking and willingness to take risks
    *the most hardworking, committed, and fun place I've had the pleasure to work
    *sincere concern and relationships among peers, managers, clients and partners
    *an amazing bank, working with amazing clients who strive to do amazing things

    Cons*amount of projects/changes can feel excessive- can be a lot to manage and keep up with at times
    *work/life balance - due to workload and the overall desire to go the extra mile (it's just the DNA of an SVBer)

    Advice to Senior Management*allow for more time to digest change before the next big change hits
    *take time to celebrate the wins - big and small

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    6 people found this helpful  

    Recall the CIO!

    Applications Support (Former Employee)

    ProsSVB has great product, most innovative debt financing portfolios, and has a lot do focus on pay for performance.

    ConsThe CIO is able to say all the Buzz words (culture, transformation, game changing) without any substances or depth. If you are looking for a broken recorder than repeats what's wrong but doesn't have strategy nor ability to rally the team to fix them, you got the right lady. IT spending is at all time high, so much money wasted with no result. Surprisingly I year after being part of IT, she can still talk about IT issues as if she is an outsider. Absolutely no demonstration of ownership nor accountability.

    Advice to Senior ManagementIf you don't want SVB drags down by her like California did during Arnols S' regime, it is not too late to recall.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

    1 person found this helpful  

    Current employee at hq

    Anonymous Employee (Current Employee) Santa Clara, CA (US)

    Pros1 good benefits for
    2. Competitive compensation
    3. On site gym
    4. Working with entrepreneurs
    5. Employee stock

    Cons1. Lack of diversity in management. Company unable or unwilling to change managers who do not demonstrate company's core values
    2. White boy club
    3. Manager manage out of fear
    4. Employee morale is low
    5. Current CEO is out of touch
    6. Only the pre selected people ever rise. Promotion and opportunity are dreams for most people
    7. Only revenue generators have a potential for advancement

    Advice to Senior Management1. Focus groups do not change the low employee morale
    2. Provide real opportunities to non lenders asides from just lip service
    3. Current CEO needs to stop and be sincere (if possible)
    4. SVB is not a Goldman Sachs and will never be one.
    5. Offer mentors who can help people navigate svb

    – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    Be aware ... Great story but bad culture

    Anonymous Employee (Current Employee)

    ProsGreat benefits, work with interesting companies , good work life balance

    ConsBecker is so aloof unaware of the poor employee morale. It is a huge white boy frat club. There is no diversity. The new CIO and CMO are both simply building mini empires to manage. High turnover, no career guidance unless you are one of the chosen few. Huge hidden perks for another class of employees.

    Advice to Senior ManagementCulture is changing too fast in a bad way. Curb employee turn over not through useless focus groups but with mentors... Invest in non revenue generating employees. Becker please show that you care asides from you prepared speech you give every qtr at the employee town hall. You are not approachable. Managing out of fear has become the norm

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    9 people found this helpful  

    Save IT from the new incompetent CIO!!

    Business Analyst (IT Project Manager) (Current Employee) Santa Clara, CA (US)

    ProsGood Benefits
    Excellent business model
    Very good individual contributors in IT

    ConsI completely agree with all the IT feedback given in other reviews below. The new CIO is incompetent and does not understand technology! She cannot be trusted and is not capable of making any good Firm Sensible decisions! She has fired all Good (Make it Happen) leaders. Her new Leadership team is absolutely incompetent and are just talkers with no sense of managing IT employees (forget managing the vendors/partners) ! Instead of being effective partners with Business on Technology front, IT is trying to become Business itself taking client focus to the extreme!! Ridiculous, never seen in any IT department elsewhere. Don't know where this will all lead to, but IT is falling apart. And wait the Re-Org is still happening even after hiring external consultants to do it! OneIT is a horrible joke when no one in IT knows what each one's roles are and how the new org structure is supposed to work with so many undecided things and teams.

    Advice to Senior ManagementSave IT before it becomes ONE (person) IT

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great company to work for. Visionary Team

    Anonymous Employee (Current Employee)

    ProsExcellent core values. Benefits and Comps. Growth story. excellent opportunities for people with the right mindset.

    ConsFast growing company with lots of work and less people to do it.

    Advice to Senior ManagementKeep up the good work on the re org. Follow through.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

    4 people found this helpful  

    Great Bank, Avoid IT

    Principal Software Engineer (Current Employee) Santa Clara, CA (US)

    ProsGreat compensation

    Great growth story

    International expansion

    Talented IT team (except leadership) People on the ground run this company and make things happen through their sweat and blood despite challenging and incompetent IT Senior leadership

    Great at philanthropy - Make a difference to the world

    ConsToo many clueless leadership team members in IT
    Incompetent CIO - CIO has declared a war on IT
    CIO lacks experience in filtering through , understanding problems and making correct choices
    Too many bad choices = Fire the CIO
    Lack of open transparent discussion to acknowledge and start fixing real problems
    Lack of parity between IT and business resulting in over worked and always criticized and under appreciated IT team

    Advice to Senior ManagementI agree with all the past reviews . CIO needs to be fired and replaced with someone who can unify the team and bring in more positivity

    One comment - CIO is no longer new. . Average CIO tenures are 3-4 yrs . At 13 months in, clueless CIO has already finished 30% of tenure and has nothing to show for delivery.

    Accelerate CIO's departure. You have hired someone who doesn't understand and fit into the companys values and culture,
    CEO Greg Becker needs to step in to stop the rot impacting employees ,

    CEO- please end the CIO's misery by taking her out and also take IT away from COO

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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