Hi there WSO community.
I've been a long time reader of this forum but post very rarely. In my time perusing the forum, I've seen little or no attention payed to Silicon Valley Bank, a high-tech commercial bank whose main clients are startups. I'm also aware that this post may not belong on this forum, but there legitimately wasn't a better option, which is part of the reason for my post -- i'd like to bring some exposure to bank and show some of these younger readers that there are some extraordinary places to work outside of BB IBD, that also prepare you for highly lucrative careers.
The bank manages several PE and VC portfolios, acts as an Investment Bank and has a private banking operation for UHNW individuals. Additionally, and perhaps most importantly, that they run an Associate Development Program for college grads that employs classes of 20 kids twice a year at their Boston and Palo Alto offices. From what I understand, the program is extremely robust and those who complete it go on to do great work at SVB or transition to VC's or startup clients. The stock price is up 30% in the past month following an earnings report that blew away expectations. The firm also bumped up the salary of those in the Associate Development Program from 62k to 80k base and 10-15% bonus based on performance, following the jump in stock price.
I would urge those of you who are in the middle of the job search to do some research on the bank and the program and see if it is of any interest. Also, if anyone has any experience with the bank I would love to hear your thoughts, as well as perhaps begin a dialogue that explores why exactly we see such minimal conversation dedicated to banks like this.
To clarify, I'm not the head of HR at SVB trying to attract more applicants, just a guy who wants to show some of the younger readers that there are more opportunities out there than this forum may allude to.