When it comes to location, the highest average paycheck ($112K per year) can be spotted in Troy, Mich.; Bowling Green, Ky. ($98K), Detroit, Mich. (approximately $96K), and Novi, Mich. ($88K) are the next top-paying cities. Expected earnings are below average (around $57K) in Greenville, S.C., one of the lowest-paid cities. Pay rates in the United States are highest in the state of Michigan, where they average to about $90K annually.
Years of Experience
For those with five to nine years of experience, average earnings amount to around $65K per year. Those with one to four years of experience at the company can expect to make approximately $57K annually on average. When we consider tenure, a substantial portion of employees (33 percent) have been working for 10-19 years and make $79K per year on average.
The highest average salaries go to Operations Managers, who bring in close to $95K annually, though Senior Supplier Quality Engineers are not far behind at about $76K along with Industrial Engineers ($72K) and Human Resources Generalists ($66K). On the lower end are Buyers at about $58K on average.
Certifications and Degrees
Being a Certified Six Sigma Green Belt certainly has its perks — salaries approach approximately $85K per year and far exceed the paychecks of those without certification. Becoming an ISO Internal Auditor can certainly pay off here; those folks make $79K on average. Employees who have a Master of Science (MS) make the most here, hauling in around $96K annually.
The best-paying skill to have in this role appears to be Product Development; employees who claim this ability report median compensation of $93K per year. Microsoft Office also popped up often in the survey as an important skill; approximately one in four of employees surveyed report using it at work. Engineering Design, Project Management, and Microsoft Excel are also desirable skills.
Benefits and Perks
The vast majority of respondents take advantage of the 401(k) plan that Magna Automotive sponsors. Almost all respondents receive health insurance, and most workers get dental coverage. A few more workplace perks are a company cell phone, a casual working environment, tuition reimbursement, life insurance, and gym membership.