Separate Work and Personal Profiles?

Hello,

I was wondering if there was a way to set up different User profiles on a phone, like how you would have multiple users on a Mac.

I currently use my iPhone for work, and I would like to set it up in a way where if I was in a work profile, I would have access to my work contacts and apps. Then, when I am off-work, I can swap to a personal profile, where it will not have access to the work applications or contacts.