When it comes to location, the highest average paycheck ($115K per year) can be spotted in Troy, Mich.; Toledo, Ohio (about $98K), Detroit, Mich. ($96K), and Greenville, S.C. (approximately $86K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Grand Rapids, Mich. — at around $70K, salaries are some of the lowest in the country. By state, the highest pay levels are found in Ohio, where the average Magna Automotive employee makes $95K annually.
Years of Experience
For those with one to four years of experience, median paychecks reach approximately $56K per year. Five to nine years of work experience seem to result in median wages of about $61K annually. When we consider tenure, a substantial portion of employees (32 percent) have been working for 20 years or more and make around $100K per year on average.
Engineering Program Managers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $107K annually — though Operations Managers, Quality Managers, and Information Technology Managers also do fairly well at $105K, $98K, and about $98K, respectively. With salaries averaging $65K, Project Engineers are among the lowest paid at Magna Automotive.
Certifications and Degrees
Being a Professional Engineer License Holder certainly has its perks — salaries approach $73K per year and far exceed the paychecks of those without certification. Becoming a Certified Six Sigma Green Belt can certainly pay off here; those folks make around $70K on average. Employees who have a Bachelor of Science in Engineering make the most here, hauling in approximately $102K annually.
When it comes to skills, employees who report Leadership among their abilities seem to make the most, reporting a median income of $102K per year. Project Management is a popular skill among Magna Automotive workers, with close to one-fourth of those surveyed reporting using it on the job. Employees also tend to round out their skills sets with Microsoft Office, Microsoft Excel, and Engineering Design.
Benefits and Perks
The vast majority of employees allocate some part of their earnings to the company-sponsored 401(k) savings plan. At Magna Automotive, a large number of workers have health insurance, and a large number of employees have dental coverage. Some other advantages of working at Magna Automotive are a company cell phone, a casual working environment, flexible hours, tuition reimbursement, and 401(a).