Sallie Mae Bringing 700 Jobs to MuncieMuncie, IN (February 13, 2006)
- Indiana Governor Mitch Daniels today
announced that Sallie Mae, the nation's leading student loan provider,
plans to add 700 jobs in Indiana by opening a new operation in Muncie.
Sallie Mae CEO Tim Fitzpatrick, Muncie Mayor Dan Canan, President of the
Delaware County of Commissioners Tom Bennington, Vision 2006 Economic
Development Program, and other local officials joined Governor Mitch
Daniels for the announcement at the future Sallie Mae facility, which is
currently a shell structure that will be built out by state and local
contractors and fully operational later this year.
"I've been talking to Sallie Mae and am delighted they chose Muncie
as a place for this great new investment. We showed them several
options, and Muncie really stepped up," said Governor Daniels.
Canan and Sallie Mae CEO Tim Fitzpatrick today signed the letter of
intent allowing the company to lease the Airpark facility in Muncie from
the Delaware Advancement Corporation. After an initial 10-year lease,
Sallie Mae will purchase the 54,000-square foot building that was
originally built in 1999.
"Today's job announcement is the largest here in 20 years and means
that our high school and college graduates can choose a career with a
Fortune 500 company right here in Muncie," said Mayor Canan. "Muncie
can compete in growing parts of the economy, and this new Sallie Mae
operation proves it."
The new jobs in Muncie will bring Sallie Mae's total employment in
Indiana to more than 3,000. New positions at the facility will support
several subsidiaries in Sallie Mae's debt management division. The
company anticipates filling up to 300 jobs in the first year of
operation and an additional 200 jobs in each of the next two years,
bringing the total at the facility to 700 by year end 2008. General
hiring will begin as early as August of this year. As part of the
community incentive package/company agreement, the average wage for
employees with one year experience are guaranteed to be at least $31,200
(wages and bonus) exclusive for benefits. "Sallie Mae has an
outstanding employee benefit package that will compliment with wages",
noted Mayor Dan Canan.
"The outreach and effort from both the state of Indiana and this
community were tremendous," said Fitzpatrick. "Their hard work made
Sallie Mae's decision to grow in Indiana an easy one."
The Muncie facility is likely to focus on student loan default
prevention performed primarily by subsidiaries in Sallie Mae's debt
Jobs at the Muncie operation will require a high school education,
communication and analytical skills, high energy and a goal-oriented
mind set. Employees will earn performance-based pay and receive
competitive benefits including health insurance, paid holidays and
vacation, participation in a 401(k) and a stock purchase plan, and stock
Sallie Mae is listed on both the Fortune 500 and the Forbes 500. The
company also has been recognized as one of the 100 Best Corporate
Citizens according to Business Ethics magazine, and one of the top 30
companies for executive women by the National Association of Female
For more information on how to apply for a job with Sallie Mae,
please contact the Sallie Mae Muncie job hotline at 800/974-6876.
About the Muncie-Delaware County Economic Development Alliance:
Vision 2011 is the Delaware County's five year economic development program and is administered by the Muncie-Delaware County Chamber of Commerce and Delaware Advancement Corporation. For more information about the EDC, visit www.muncie.com.