Pros
Unlimited PTO for salaried, 22 days for hourly. Employees receive 11 bank holidays, 10 sick days, 1 volunteer day, corporate match, ESPP, profit sharing vested at 5 yrs, 401k match, various wellness perks.
Cons
Rigid policy to apply for internal roles. You need manager and HR approval before applying for an internal role. If manager is vindictive person, they approve you but couple weeks later PIP you and then cannot get the role. Other problem is staying on the same team and get “promoted” but you really aren’t developing or learning new skills that make you a competitive hire in eyes of other companies. You’re still doing the same stuff you did before. External hires should not accept a role at SVB if not sure they will get support from manager when wanting to apply for new opportunities in other areas of the company down the road. Your experience here really depends on your manager and team. Internal recruiters not good either. Very slow. Slacker culture in several teams. Deadlines aren’t taken seriously, people show up online at 10-11am PST, take too much time off during critical times and nothing gets done. Signs of layoffs are looming (hiring freeze, bad earnings, senior leaders leaving company). Some teams are good, some are on chopping block. Would like to stay here but given poor management and choppy waters overall for company at this time, will look elsewhere. I will consider coming back if things change.