Silicon Valley Bank reviews

4.0

75% would recommend to a friend

(1,426 total reviews)
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Marc Cadieux

82% approve of CEO

53% positive business outlook

Silicon Valley Bank has an employee rating of 4.0 out of 5 stars, based on 1,426 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Silicon Valley Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
1.0
Jul 8, 2022
Recommend
CEO approval
Business Outlook

Pros

Good pay is the only one I can think of (ofcourse if you think of how many extra hrs you work, especially not skilling up while cleaning up outdated manual processes, you can exclude this Pro too :D)

Cons

The bank as a whole is going through major transformation, no doubt. But Security Office is a TOXIC place to work for! Chaotic & confused management! Too many politics & daily battles not worth fighting for! Lack of consistent direction! Too much adhoc work & multiple firedrills. Calculate annual pay/working hrs + lack of w/l balance + daily stress + outdated technology & processes + fire drills out of the blue + way too many months of long hrs per yr Was not at all worth the journey no matter how they pay. Plus, MIDDLE MANAGEMENT has been the WORST ever since there were changes in Upper Management. Can sense their insecurities being reflected upon staff. Upper Management wants advanced skills, middle management doesnt let it happen due to their personal insecurities, so staff is torn between two directions.

1.0
Jun 23, 2022

Devil's Playground

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

SVB has provided good wfh options since the pandemic struck. Compensation can be awesome and workload laughably light, if you can make the right executive happy. Advancement opportunities for the unethical abound. New employees who have integrity are a constant supply of easy targets for the opportunistic. If all you care about in life is money; if lying comes easy as breathing for you; if you are skilled in the art of making executives feel good about themselves, despite their painfully obvious incompetence; if you live a life untroubled by pangs of conscience, regardless of the impact of your actions: congratulations - you've found your home at SVB!

Cons

The much-hyped "company values" at SVB are emphatically not the things they actually value as a company, and are never used by managers as a tool to reflect upon their own actions. Rather, these empty phrases are regularly wielded as a whip against recalcitrant underlings - as in, "You aren't showing an open mindset." Discussions around salary are actively discouraged, in a variety of disingenuous ways. There's a reason for this. Discuss salaries with your coworkers, you'll be glad you did. You will be required to slide lucrative contracts to SVB clients, who are given every advantage during the bidding process. Choosing to award a contract to a non-client will have severe career repercussions, as this indicates you aren't a "team player". Despite having signed on to the mental health advocacy group One Mind At Work's seminal mental health charter, SVB HR remains actively antagonistic towards the neurodiverse as official practice. If you have a mental health condition of any kind, do NOT self-disclose to anyone at SVB, under any circumstances. SVB's bread and butter are the wealthiest of the wealthiest people on the planet. Working for SVB means working to further the interests of those people. Ask yourself if that's how you really want to spend your time on earth.

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Silicon Valley Bank Response
4y
Thank you for sharing your experience. We’ll be sharing your feedback with our HR team. Know there are a few ways employees can report Code of Conduct concerns, including the option to report anonymously through EthicsPoint.
2.0
Jan 16, 2022

Widespread burnout

Recommend
CEO approval
Business Outlook

Pros

Good pay, excellent benefits. Unlimited PTO would be great if we could actually use it.

Cons

Zero work life balance. Rapid growth has increased workload tremendously, but additional staffing or systems updates have not kept up with the pace, leading to more work spread across the same people with the same outdated systems. The response when saying you are overwhelmed is that "everyone across accounting is feeling it too, it's not just you". That's not helpful. The message from exec level is that our health and well-being is crucial, but mid-level management is more concerned with work deadlines. Your personal life or your exhaustion doesn't matter - just get the job done.

avatar
Silicon Valley Bank Response
4y
Thank you for the honest review. As you noted, SVB is experiencing rapid growth and we’re working hard to hire and integrate new employees quickly, and with the right experience and seniority, to support our growth. This takes time in a very competitive job market. Work-life balance and preventing burnout is a critical and important focus for managers at all levels. We take your feedback seriously and have shared it with the finance and accounting team. We encourage you to continue to raise your concerns with your manager and skip level managers.
Viewing 82 - 84 of 1,426 Reviews

Glassdoor has 1,635 Silicon Valley Bank reviews submitted anonymously by Silicon Valley Bank employees. Read employee reviews and ratings on Glassdoor to decide if Silicon Valley Bank is right for you.