Apple and Microsoft have done it where the MDM need not actually be the device so much as the data container for all things Office. Instead of Mobile Device Mgmt, it’s more Mobile Data Mgmt.

This allows the company to wipe data that actually belongs to them, but a policy doesn’t have to let them see your activity, mails, photos, or even what other apps you have.

If your employer is running policies for accessing your private stuff, send the right people some docs on how to protect company data w/o invading your privacy.