No. On a fully managed device, both an enterprise wipe/retire and a full wipe result in a factory reset. The entire device is under management with no separation between corporate and personal data, so there is nothing to selectively remove.
Android Enterprise requires a DPC actively enrolled as Device Owner to provide management policies. Removing the DPC means removing everything, and the device resets to factory settings.
EMMs use different labels for the same underlying action. "Retire", "enterprise wipe", "selective wipe", "delete device", and "unenrol" may all trigger a factory reset on a fully managed device. Always verify what the action does in your specific EMM before running it on a production device.
The behaviour is different for other deployment scenarios:
RELINQUISH_OWNERSHIP command to convert the device to an unmanaged personal device while preserving personal data. This is useful for device hand-off at the end of a hardware refresh cycle.On Android 16+, managed eSIM profiles are automatically wiped when a work profile is removed from a personally-owned device, regardless of any wipe flags set. On company-owned devices, the WIPE_ESIMS flag can be used to control whether eSIM profiles are wiped during a factory reset.
If the organisation provisions eSIMs through the EMM, factor this into the retirement process - particularly if the eSIM contract is separate from the device lifecycle.