When it comes to location, the highest average paycheck ($115K annually) can be spotted in Troy, Mich.; Toledo, Ohio (around $98K), Detroit, Mich. ($96K), and Greenville, S.C. (approximately $86K) are the next top-paying cities. Grand Rapids, Mich. is one of the lowest-paid cities, with earnings averaging about $70K. By state, Ohio offers the highest pay at $95K per year.
Years of Experience
Respondents who have been working for five to nine years make $61K annually on average. For those with one to four years of experience, median paychecks reach $56K per year. Broken down by tenure, the largest share of Magna Automotive employees (32 percent) have 20 years or more of experience and earn around $100K annually on average.
Earning approximately $107K per year on average, Engineering Program Managers receive the most money, followed by Operations Managers (about $105K), Quality Managers ($98K), and Information Technology Managers (about $98K). Project Engineers at Magna Automotive do not see much in the way of financial compensation and represent one of the lower-paid positions ($65K on average) at the company.
Certifications and Degrees
Professional Engineer License Holders earn approximately $73K annually, far more than their non-accredited counterparts. Earning a Certified Six Sigma Green Belt certification garners significant financial rewards of around $70K per year on average. Those with a Bachelor of Science in Engineering at Magna Automotive come out on top, and their salaries approach $102K annually.
In this role, the best-paying skill appears to be Leadership; individuals who claim it among their capabilities enjoy a higher median salary of $102K per year. A common skill in Magna Automotive's work force is Project Management; one in four of survey participants report using it on the job. Employees also tend to know Microsoft Office, Microsoft Excel, and Engineering Design.
Benefits and Perks
Almost all respondents report contributing to a 401(k). The vast majority of workers receive health insurance, and a large number of workers get dental coverage. Magna Automotive also dishes out privileges such as a subsidized cell phone, a casual working environment, flexible hours, tuition reimbursement, and 401(a).