Navient Overview

Navient is a U.S. corporation based in Wilmington, Delaware, whose operations include servicing and collecting on student loans.
The staff at Navient come from unusually diverse demographic backgrounds. The company is 57.4% female and 31.8% ethnic minorities. Navient employees are more likely to be members of the Republican Party than the Democratic Party, with 52.7% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at Navient is relatively high. Employees at Navient stay with the company for an average of 1.8 years before leaving. The average employee at Navient makes $35,003 per year. Pay at Navient is significantly lower than some of its highest paying competitors, like American Credit Card Processing, Certified Credit Reporting, and Exeter Finance, which pay $57,900, $57,398, and $50,229, respectively.
A large finance company with 6,700 employees and an annual revenue of $5.2B, Navient is headquartered in Delaware.

The Organization’s Mission

To enhance the financial success of our customers by delivering innovative solutions and insights with compassion and personalized service.

Perks of Working at Navient

Navient provides paid time off, healthcare benefits, flexible spending accounts, 401k plan, tuition reimbursement, legal insurance, employee discounts, and other perks.

Industry

Finance

Revenue

$5.2B

Employees

6,700

Founded in

2014

Headquarters

Wilmington, DE

Website

navient.com

Organization Type

Public

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The Team At Navient

Key People
  • Nikki Lavoie (Media Contact)
  • John Remondi (ceo)
  • Paul Hartwick (Media Contact)
The Inside Scoop
Navient, established in 2014, provides financial services such as accounts receivable management, payment processing, collection, revenue enhancement, delinquency resolution and default prevention, asset generation and refinancing, financial literacy and career management resources, and other services to education, health care, and government clients. Headquartered in Wilmington, Delaware, Navient also employs about 6000 team members in western New York, northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, Wisconsin, California and other locations.
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The Culture At Navient

Information provided by the company
Navient team members bring passion, commitment, and integrity to our business. We drive results and foster the innovation that makes us an industry leader. It's time to make that move, choose.
Navient team members bring passion, commitment, and integrity to our business. We drive results and foster the innovation that makes us an industry leader. It's time to make that move, choose Navient as the next stepping stone in your career.
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Navient team members bring passion, commitment, and integrity to our business. We drive results and foster the innovation that makes us an industry leader. Choose Navient as the next step in your career! Be proud of where you work, be proud of your career - join Navient!
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Annual Summer Picnic at Darien Lake.

Navient Reviews

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4.0

Zippia UserJune 2020

4.0

Zippia Official LogoZippia UserJune 2020

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Navient Rankings

Navient is ranked #8 on the Best Companies to Work For in Delaware list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Navient Salaries

How much does Navient pay?
The national average salary for a Navient employee in the United States is $35,003 per year. Employees in the top 10 percent can make over $103,000 per year, while employees at the bottom 10 percent earn less than $11,000 per year.
8.1
Salary Score
Average Employee Earnings

Navient Salaries By Job Title

While Navient employees earn an average yearly salary of $35,003, different roles can command different wages. The higher paying positions at Navient include Technical Analyst, Team Leader, Reconciliation Analyst, and Case Worker. A typical Technical Analyst salary at Navient is $69,921. Some of the other roles at Navient are Cashier and Customer Service Representative. A worker with the title Cashier at Navient earns an average salary of $23,624 per year.

Navient Careers

On average, employees at Navient stay with the company for 1.8 years. Employees most commonly join Navient after leaving Sallie Mae Bank. When they leave Navient, they most frequently get their next job at Amazon.

Average Length of Employment

Navient

1.8 years
Top Employers Before Navient
Walmart12.9 %
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Top Employers After Navient
Amazon9.5 %
Xerox9.5 %
Lowe's6.1 %
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Navient Employment Videos

Navient Financial Performance

9.7
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

2014

Organization type

Public

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Navient Subsidiaries

Subsidiaries to Navient include GILA GROUP, Xtend Healthcare, and Arrow Financial Services. Employees at the parent company, Navient, earn $35,003. In comparison, the salaries at GILA GROUP, Xtend Healthcare, and Arrow Financial Services are $67,283, $53,316, and $41,252.
Company
Average Salary
GILA GROUP
GILA GROUP
$67,283
$67k
Xtend Healthcare
Xtend Healthcare
$53,316
$53k
Arrow Financial Services
Arrow Financial Services
$41,252
$41k
Pioneer Credit Recovery
Pioneer Credit Recovery
$34,898
$35k

Navient Competitors

Based on our research, similar companies to Navient are American Credit Card Processing, Certified Credit Reporting, and Exeter Finance. The wages at American Credit Card Processing average higher than the other similar companies, where the median salary is $57,900 per year. The salaries at Certified Credit Reporting average $57,398 per year, and the salaries at Exeter Finance come in at $50,229 per year.

Frequently Asked Questions about Navient

When was Navient founded?

Navient was founded in 2014.

How many Employees does Navient have?

Navient has 6,700 employees.

How much money does Navient make?

Navient generates $5.2B in revenue.

What industry is Navient in?

Navient is in the finance industry.

What is Navient's mission?

Navient's mission statement is "To enhance the financial success of our customers by delivering innovative solutions and insights with compassion and personalized service."

What type of company is Navient?

Navient is a public company.

Who are Navient's competitors?

Navient competitors include Pioneer Credit Recovery, Sallie Mae Bank, Arrow Financial Services, Great Lakes Higher Education, Capital Management Services L.P., IC System, Van Ru Credit, Allied Interstate, Firstsource Advantage, Asset Acceptance Holdings, American Credit Card Processing, Credit Acceptance, Exeter Finance, Credit Control Services, American Recovery Systems, First Financial Management, Transworld Systems, Certified Credit Reporting, CREDIT PROTECTION ASSOC, Consumer Portfolio Services.

Who works at Navient?

Nikki Lavoie (Media Contact)

John Remondi (ceo)

Paul Hartwick (Media Contact)

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You can find out what it is like to work at Navient, also known as NAVIENT CORP, Navient, Navient Corporation and Navient Solutions LLC.

Zippia gives an in-depth look into the details of Navient, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Navient. The employee data is based on information from people who have self-reported their past or current employments at Navient. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Navient and its employees or that of Zippia.