Sallie Mae - Neutral | Glassdoor
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There are newer employer reviews for Sallie Mae

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"Neutral"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Manager in Newark, DE
Current Employee - Manager in Newark, DE
Doesn't Recommend
Disapproves of CEO

Pros

Fair to above average pay.

New products that have been introdued into the market place have considerable upside (Smart Option Student, Credit Card and Bank products).

Stock Options for all level of employees.

Cons

SLM has been cutting expenses (people and sites) aggressively the last 3 years. While it is a necessity for the future, it makes it an uncertain place to work.

Very little Leadership and and Management Development for mid level management.

There is some favortism for ex MBNA/Bank of America Leadership that joined company 2 -3 years ago

Advice to Management

Continue to be honest and try to finish the cuts so the compnay can focus on future growth.

Other Employee Reviews for Sallie Mae

  1. Helpful (3)

    "Fair Pay, Harsh Timelines, Poor Management."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Programmer Analyst in Fishers, IN
    Current Employee - Senior Programmer Analyst in Fishers, IN
    Doesn't Recommend
    Disapproves of CEO

    Pros

    There is a lot of large project work and the IT work is very broad company wide. Lateral movement is possible. Pay is fair and minor salary bumps are common despite the economic downturn.

    Cons

    Management is terrible. Every team is understaffed and overworked, just hoping not to be laid off. Business leaders are actively trying to cut employees in every way possible. Questionable if there is any sustainable business model for the future. Managers veto vacation days regularly. Dress code and conduct seems to be a moving target. Some good talent has been cut despite teams carrying dead weight in management and business roles. Business side employees are clueless and territorial. Office conditions are dungeon-y.

    Advice to Management

    stop coasting on your 20 years at SLM and do your jobs for once.


  2. Helpful (1)

    "Good for college grads but not experienced people"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Newark, DE
    Former Employee - Anonymous Employee in Newark, DE
    Doesn't Recommend
    No opinion of CEO

    Pros

    - benefits

    - opportunities. Once you are there for nine months you can post in other positions and people were taking new positions all the time.

    - I said good for college grads because you start off with a low salary and entry level position but if you have the time (3-5 years) I could see someone becoming highly successful

    - If you like OT, then offer a lot of it

    Cons

    - Inconsistent information. I was told the hourly wages during the interview and come offer time it was less then discussed and not negotiable.
    - The department I was in had no direction and was in constant flux
    - No feedback or direction from Team Leaders
    - Did not like the incentive plan. No matter how hard you worked the statistics were never accurate and a lot of your figures came from accounts colleagues resolved
    - In order to be a top performer and get better incentive you would need to work a lot of OT
    - There were different policy from team to team in the department, no consistency

    Advice to Management

    Create a more uniform system when it comes running a department. Come up with a an incentive plan that pays you for the work you do and does reward people who know how to work "the system"

There are newer employer reviews for Sallie Mae
There are newer employer reviews for Sallie Mae

See Most Recent

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