When it comes to location, the highest average paycheck ($108K per year) can be spotted in Troy, Mich.; Auburn Hills, Mich. ($101K), Bowling Green, Ky. (about $96K), and Novi, Mich. (approximately $90K) are the next top-paying cities. Greenville, S.C. is near the bottom for pay at around $58K. By state, Magna Automotive employees make the most in Michigan, earning $84K annually on average.
Years of Experience
Five to nine years of work experience seem to result in median wages of around $64K per year. Those with one to four years of experience at the company can expect to make $56K annually on average. The largest slice of the Magna Automotive workforce (35 percent) has been working for 10-19 years and earns, on average, $78K per year.
Senior Mechanical Designers are the best paid with the average salary hovering at approximately $89K annually; Production Supervisors, Process Engineers, and Manufacturing Engineers also rank near the top of the list, pulling in $79K, about $66K, and $66K, respectively. Buyers at Magna Automotive do not see much in the way of financial compensation and represent one of the lower-paid positions (about $58K on average) at the company.
Certifications and Degrees
Certified Six Sigma Green Belts have significantly higher pay than non-accredited workers at $86K per year. On average, salaries rise to $78K annually for accredited Lean Six Sigma Certifications. Regarding salaries and education, Magna Automotive pays those with a Master of Engineering (MEng / ME) the most — around $86K.
Employees who count Product Development among their skills enjoy higher pay; the median for this group is approximately $91K per year. Microsoft Office is considered a run-of-the-mill skill; one in four of Magna Automotive's people use it regularly. Some other standard skills here are Engineering Design, Microsoft Excel, and Project Management.
Benefits and Perks
For employees looking to save up for their golden years, Magna Automotive provides an optional 401(k) plan, and a large number of employees participate. The vast majority of survey participants can count on health insurance, and a large number of workers have dental coverage as a benefit. A few more workplace perks are a company cell phone, a casual working environment, tuition reimbursement, life insurance, and 401(a).