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Sallie Mae Bank Overview

SLM Corporation is a publicly traded US corporation that provides consumer banking.
Sallie Mae Bank has been around for a long time. It was founded back in 1972. This established company loves to hire graduates from University of Phoenix, with 11.0% of its employees having attended University of Phoenix. Sallie Mae Bank is a great place to work and is featured as number 2 on Zippia's list of Best Companies to Work for in Newark, DE. The average employee at Sallie Mae Bank makes $41,117 per year. Pay at Sallie Mae Bank is significantly lower than some of its highest paying competitors, like HSBC North America Holdings, The Standard, and National Financial Services, which pay $77,514, $70,008, and $63,460, respectively.
Based in Delaware, Sallie Mae Bank is a key player in the finance industry with 1,200 employees and an annual revenue of $1.1B.

The Organization’s Mission

To help American students and families make the dream of higher education a reality.







Founded in



Newark, DE


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The Team At Sallie Mae Bank

Key People

    Laurent Lutz (General Counsel)

    Steven McGarry (CFO)

    Raymond Quinlan (ceo)

    Charlie Rocha (Chief Marketing Officer)

    Jeffrey Dale (Chief Risk Officer)

The Culture At Sallie Mae Bank

Information provided by the company
Our colleagues across departments and across the country are united in our passion and our customer-first approach. Whether you want to join a growing company, be part of an agile workforce, or gain new skills-you're in the right place.
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This is a great opportunity for a compassionate LPN who is wanting stability, benefits, and growth!.
Represents company and communities to the public as needed.

Sallie Mae Bank Reviews

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Zippia UserFebruary 2019


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Sallie Mae Bank Rankings

Sallie Mae Bank is ranked #7 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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Sallie Mae Bank Salaries

How much does Sallie Mae Bank pay?
The national average salary for a Sallie Mae Bank employee in the United States is $40,868 per year. Employees in the top 10 percent can make over $71,000 per year, while employees at the bottom 10 percent earn less than $23,000 per year.
Salary Score
Average Employee Earnings

Sallie Mae Bank Salaries By Job Title

The average employee at Sallie Mae Bank earns a yearly salary of $40,868 per year, but different jobs can earn drastically different salaries.

Some of the job titles with high salaries at Sallie Mae Bank are finance analyst, quality assurance engineer, consultant, and project manager.

A worker with the title finance analyst salary at Sallie Mae Bank can earn an average yearly salary of $79,641.

To get a better sense of the salaries at Sallie Mae Bank, other roles such as cashier and student assistant can be considered as well. For comparison, the title cashier at Sallie Mae Bank earns $22,305 per year.

Sallie Mae Bank Careers

On average, employees at Sallie Mae Bank stay with the company for 3.0 years. Employees most commonly join Sallie Mae Bank after leaving Bank of America. When they leave Sallie Mae Bank, they most frequently get their next job at JPMorgan Chase.

Average Length of Employment

Sallie Mae Bank

3.0 years
Nelnet2.4 years
Navient1.8 years
Top Employers Before Sallie Mae Bank
US Army11.0 %
Walmart8.6 %
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Top Employers After Sallie Mae Bank
Navient7.5 %
Sprint6.9 %
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Sallie Mae Bank Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Sallie Mae Bank Employees Education

Of the 1,200 employees at Sallie Mae Bank, 11.3% attended Ball State University. Employees at Sallie Mae Bank most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Sallie Mae Bank Financial Performance

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


> $1B

Founded in


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Sallie Mae Bank Competitors

Based on our research, similar companies to Sallie Mae Bank are HSBC North America Holdings, The Standard, and National Financial Services.

The average salaries at HSBC North America Holdings rank the highest, with their employees earning an average salary of $77,556 per year.

Employees at The Standard earn an average of $69,013 per year, and the employees at National Financial Services earn an average salary of $63,740 per year.

Frequently Asked Questions about Sallie Mae Bank

How many Employees does Sallie Mae Bank have?

Sallie Mae Bank has 1,200 employees.

How much money does Sallie Mae Bank make?

Sallie Mae Bank generates $1.1B in revenue.

What industry is Sallie Mae Bank in?

Sallie Mae Bank is in the finance industry.

What is Sallie Mae Bank's mission?

Sallie Mae Bank's mission statement is "To help American students and families make the dream of higher education a reality."

What type of company is Sallie Mae Bank?

Sallie Mae Bank is a public company.

Who are Sallie Mae Bank's competitors?

Sallie Mae Bank competitors include Navient, Nelnet, Discover Financial Services, The Standard, Elavon, iQor Holdings, Sitel Operating, Total System Services, Santander Consumer USA, American Credit Card Processing, Credit Acceptance, Countrywide Home Loans, Toyota Financial Services, HSBC North America Holdings, PHH, National Financial Services, Enova International, Exeter Finance, CashCall, Wachovia Securities Financial Holdings.

Who works at Sallie Mae Bank?

Laurent Lutz (General Counsel)

Steven McGarry (CFO)

Raymond Quinlan (ceo)

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Where is Sallie Mae Bank's headquarters?

Sallie Mae Bank's headquarters is in Newark, DE.

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Updated May 18, 2020

Zippia gives an in-depth look into the details of Sallie Mae Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sallie Mae Bank. The employee data is based on information from people who have self-reported their past or current employments at Sallie Mae Bank. 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 Sallie Mae Bank and its employees or that of Zippia.

Sallie Mae Bank may also be known as or be related to SLM CORP, SLM Corporation, Sallie Mae and Sallie Mae Bank.