Sallie Mae - Sinking Ship | Glassdoor
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There are newer employer reviews for Sallie Mae

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Helpful (1)

"Sinking Ship"

StarStarStarStarStar
  • 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.

Other Employee Reviews for Sallie Mae

  1. Helpful (1)

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

    StarStarStarStarStar
    • 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.


  2. "DON'T GO TO COLLEGE OR SHOULD I SAY STAY AWAY DO NOT GET LOANS FROM SALLIE MAE."

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

    Pros

    a paycheck. you work independently

    Cons

    The company robs the students. I cannot sit there and honestly sell. I have a concious and these kids are starting out with 20,000 in student loans and when they graduate their student loan bill is 40,000 in interest. this is just an example the interest is robbery.

    Advice to Management

    stop spending so much time going outside for a cidgerette when 5 employees walked,out in 4 days. the mgmt stick together among them selves . It is a call center!!! you can't trust anyone and they will stab you in the back if you turned to fast. I am sure i am leaving next i am just miserable there. TOO MANY CHANGES TOO FAST

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

See Most Recent

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