Silicon Valley Bank Pays $250,000 Per Employee, Tops in the U.S.
- Tiny SVB Financial has just 3,200 workers and five branches
- Big banks with larger branch networks pay less on average
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Silicon Valley, better known for hot tech start-ups and venture capital firms, is also home to the highest-paying public bank in the U.S.
SVB Financial Group, based in Santa Clara, California, paid its employees on average $250,683 a year in 2018, according to data compiled by Bloomberg. Among the nation’s household names, JPMorgan Chase & Co. came in a distant 10th, at $129,310, and Wells Fargo & Co. was 12th, at $127,506. (The salary analysis looked only at commercial banks; investment banks such as Goldman Sachs Group Inc. weren’t counted.)