When it comes to location, the highest average paycheck ($115K annually) can be spotted in Troy, Mich.; Toledo, Ohio (about $98K), Detroit, Mich. (approximately $96K), and Greenville, S.C. (around $86K) are the next top-paying cities. Grand Rapids, Mich. is one of the lowest-paid cities, with earnings averaging $70K. By state, Ohio offers the highest pay at $95K per year.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $62K annually. Between the one and five year mark, median pay is $56K per year. The greater proportion of employees (35 percent) report 20 years or more of experience and bring home median pay of about $99K annually.
Engineering Program Managers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $107K per year — though Quality Managers, Information Technology Managers, and Maintenance Supervisors also do fairly well at $98K, around $98K, and approximately $65K, respectively. Project Engineers make an average $65K, close to the bottom of the company pay scale.
Certifications and Degrees
Monetary compensation comes to around $85K annually for Certified Six Sigma Green Belts, far surpassing the earnings of non-credentialed workers. On average, salaries rise to $73K per year for accredited Professional Engineer License Holders. Magna Automotive workers who hold a Bachelor of Science in Engineering are also well compensated, earning $102K on average.
The highest-paying skill to have in this role seems to be Leadership; employees claiming this as part of the toolbox earn a median of about $100K annually. A relatively widespread skill at Magna Automotive is Project Management; slightly less than a third of employees use it for work. Three more common skills are Microsoft Office, Microsoft Excel, and Engineering Design.
Benefits and Perks
Magna Automotive sponsors a 401(k) program, and most respondents use this option to save for their retirement. Health insurance comes as part of the deal for a large number of workers, and a large number of survey participants report receiving dental coverage as well. Magna Automotive employees also enjoy perks such as a subsidized cell phone, a casual working environment, flexible hours, tuition reimbursement, and 401(a).