When it comes to location, the highest average paycheck ($112K per year) can be spotted in Troy, Mich.; Bowling Green, Ky. ($100K), Detroit, Mich. (approximately $95K), and Novi, Mich. (about $88K) are the next top-paying cities. Greenville, S.C. ranks low on the pay scale — at around $57K, it is one of the lowest-paid cities. Across Magna Automotive's U.S. offices, employees in the state of Michigan earn the most, taking home $89K annually.
Earning around $95K per year on average, Operations Managers receive the most money, followed by Senior Supplier Quality Engineers ($85K), Industrial Engineers ($72K), and Project Engineers ($64K). Earning only approximately $45K on average, Material Planners make less than most people in the company.
Years of Experience
Survey participants who have worked at Magna Automotive for between five and 10 years earn about $66K annually on average. Workers who have been with the company for more than one year but less than five can make around $57K per year on average. When we consider tenure, a substantial portion of employees (32 percent) have been working for 10-19 years and make $80K annually on average.
Certifications and Degrees
Computer Aided Drafting and Design Certificate Holders are compensated at a much higher rate than non-authorized workers, bringing in close to approximately $100K per year. Bigger paychecks are awarded to Certified Six Sigma Green Belts with credentials; these people earn $85K annually on average. Those with a Master of Science (MS) at Magna Automotive come out on top, and their salaries approach about $96K per year.
When it comes to skills, Product Development seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $93K annually. It's pretty common to find people here who know Microsoft Office; around one in four consider it a key competency. Many workers usually know Microsoft Excel, Engineering Design, and Project Management as well.
Benefits and Perks
Magna Automotive sponsors a 401(k) program, and a large number of respondents use this option to save for their retirement. Health insurance is part of the package for nearly all employees, and for a large number of workers, dental coverage is too. A few more workplace perks are a company cell phone, a casual working environment, tuition reimbursement, life insurance, and gym membership.