When it comes to location, the highest average paycheck ($115K per year) can be spotted in Troy, Mich.; Toledo, Ohio (approximately $98K), Detroit, Mich. ($97K), and Greenville, S.C. ($86K) are the next top-paying cities. Expected earnings are below average (about $60K) in Kansas City, Mo., one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of around $95K annually) in Ohio.
Years of Experience
Average pay is $61K per year for those with five to nine years of experience. Workers who have been with the company for more than one year but less than five can make around $56K annually on average. Broken down by tenure, the largest share of Magna Automotive employees (34 percent) have 20 years or more of experience and earn approximately $100K per year on average.
The highest average salaries go to Operations Managers, who bring in close to $105K annually, though Engineering Program Managers are not far behind at about $105K along with Quality Managers ($98K) and Information Technology Managers (approximately $96K). Project Engineers make an average about $65K, close to the bottom of the company pay scale.
Certifications and Degrees
Monetary compensation comes to around $96K per year for ISO9001:2000 Certified Lead Auditors, far surpassing the earnings of non-credentialed workers. Becoming an ASQ Certified Quality Engineer can certainly pay off here; those folks make $80K on average. Magna Automotive compensates Bachelor of Science in Engineering-holders the most at $102K annually.
The highest-paying skill in this position seems to be Leadership; individuals who report it as part of the repertoire have a median income of $102K per year. Microsoft Office is a popular skill among Magna Automotive workers, with close to a fourth of those surveyed reporting using it on the job. Project Management, Microsoft Excel, and Engineering Design round out the set of key employee skills.
Benefits and Perks
Only an eighth of employees receive paid vacation and sick leave. The vast majority of respondents allocate some part of their earnings to the company-sponsored 401(k) savings plan. Almost all respondents receive health insurance, and a large number of respondents get dental coverage. Additional benefits of working here are a company cell phone, a casual working environment, flexible hours, and 401(a).