Not good for IT career - Anonymous employee Silicon Valley Bank Employee Review

3.0
Apr 24, 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Bank is a trusted partner in technology and life-science community. The business model and resulting revenues are impressive.

Cons

IT is a disaster right now. Besides the lack of genuine leadership from the people in charge, some of the key ITers are leaving. Its not as much fun compared to my other jobs because most of the ITers(including the leaders) can not stand up for what is right for the company. The few who did were overlooked and they have now moved on - what a way to loose the key asset for any company. The worst part is the acting CIO who has led the company to this situation thinks we are in good shape. You can not fix a problem till you acknowledge a problem !! If you are considering a job, please do yourself a favor and ask the hiring manager about how many people have left their organization and why - you will get the idea. Also know the hiring manager well, as some of them especially CTO are incapable managers. Till last year IT was in mood to hire like crazy and all of a sudden at start of this year - no hiring. This is the level of strategic planning the temp CIO has brought on. I have heard this used to be a professionally managed IT team till the CIO change in 2013. What I can see is the team spirit is totally subdued, no real motivation, no attention to real problems, no sense of accountability. HR seems to stack lowest compared to the other companies. The company freely uses the marketing lingo - employees are our key assets, but does little to follow it. They are unable to do anything to retain or motivate key personnel looking at recent exits by senior personnel.

Explore other reviews about Silicon Valley Bank

5.0
Jun 9, 2026
Recommend
CEO approval
Business outlook

Pros

- Great Pay - Great People

Cons

- Post FCB Migration - Things have slowed down

1.0
Mar 31, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pre-2023, excellent culture and team environment, strong compensation and bonuses, and generous budgets that supported employees well.

Cons

Since the 2023 bankruptcy, the company has struggled to regain its identity. There has been significant turnover in senior leadership, and much of the experienced management team has departed. This has led to inconsistent direction, frequent misalignment between leadership messaging and execution, and a noticeable decline in employee confidence. Compensation, bonuses, and career progression opportunities have become less competitive, and overall employee support has diminished. The organization now feels more like a rebranded extension of First Citizens rather than the distinct institution it once was. There is also an over-layering of management, with too many overlapping roles and unclear accountability, which slows decision-making and creates unnecessary complexity. Finally, the company has lost much of its competitive edge post-2023, with ongoing client attrition and reputational challenges that employees are left to address without clear strategic direction.

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