You can have multiple users on a single device.

https://source.android.com/docs/devices/admin/multi-user

Either with a single local account that accesses multiple Google accounts, or multiple local accounts. Though this is device specific, it may be disabled by your manufacturer/provider.

As mentioned elsewhere though, an enrolled phone is an enrolled phone so corporate wiping will wipe the entire phone and not just the profile.

Not true - you can do full MDM type enrolment or just the one where t can wipe the work part of the phone. On Android and iOS