The stock market is in its seventh year of a bull market. Yet while business is booming on Wall Street, so is stress among its workers—particularly first-year analysts. Recent reports of suicides have made headlines, shining a spotlight on the industry's long and hard work hours.
Meanwhile, across the country, the tech industry in Silicon Valley is also booming. Yet, reports of stressed-out employees aren't nearly as commonplace.
Sam Wholley, a partner at San Francisco-based recruiting firm Riviera Partners, said it comes down to the fact that Wall Street and Silicon Valley are two different cultures—and if the financial industry wants to continue to attract top talent from across the country, it will have to change its ways.
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"The culture on Wall Street is really about individual performance, so [everyone] is out for themselves," he said in a recent interview with CNBC's "Closing Bell."
In fact, Riviera now employs people who used to work in Wall Street's high-pressure environment, he added.
"In the Valley, it's a lot more about the safety net that's there for everyone who's out there to produce, to innovate, to do something new," said Wholley, adding, "If something happens, you've got...a support system from all over the world who are here all trying to strive for the same thing."