Sallie Mae - Sallie Mae is a great place to balance work and life, but it's a challenge to get ahead. | Glassdoor
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There are newer employer reviews for Sallie Mae

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"Sallie Mae is a great place to balance work and life, but it's a challenge to get ahead."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Director in Reston, VA
Former Employee - Director in Reston, VA
Recommends
Disapproves of CEO

Pros

Great mission, providing access to education for students. Great building with full gym with basketball and tennis courts. Great work-life balance. The colleagues are genuinely friendly and helpful and almost everyone wants to get things done. Right now, with the stock price so low, any stock bonus will appreciate significantly.

Cons

There was a big cultural and pay difference between senior management and the rank and file. The internal IT organization was too set in their 'old' ways and unable to adapt quickly to changing marketplace demands. Additionally, the organization became too big and has lost focus for some of their core competencies.

Advice to Management

Listen to the employees. Don't forget from where you came and where you are going. Respect everyone.

Other Employee Reviews for Sallie Mae

  1. Helpful (1)

    "Sinking Ship"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Reston, VA
    Current Employee - Financial Analyst in Reston, VA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    There are no good reasons right now.

    Cons

    The current CEO wants to cut expenses and sell the company as soon as he can. There is no planning for the future, absolutely no employee development, and irrational product development. Along with the constant series of layoffs, it is a dismal place to work.

    Sallie Mae is currently going through the process of reducing employee benefits and freezing salaries. At the same time, the CEO and the friends he has just brought over from MBNA have record compensation packages.

    Advice to Management

    Focus on creating a good product (in this case appropriately priced loans), not on large deals, going private, and other distractions. You can't have the latter without the former.


  2. Helpful (1)

    "Sallie Mae was great workplace. Now people look forward to getting fired."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Unit Manager in Wilkes Barre, PA
    Current Employee - Unit Manager in Wilkes Barre, PA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The company used to be great. Benefits, stock options, dynamic job.

    Cons

    Now the company is sliding into a pit. The current moral level at the company is horrid. Due to layoffs Fridays at Sallie Mae are like waiting for the headsmans ax. Most people are only staying at the company in hopes of getting a severance package.

    Advice to Management

    Quit looking at the bottom line and not at your people. If your people are happy and on board, the bottom line will follow. The company has lost it's goals. Providing students with loans has become secondary to making money for management. Employees are only doing enough work to survive, never to advance in any way. You need to change or die.

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

See Most Recent

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