When it comes to location, the highest average paycheck ($129K annually) can be spotted in Novi, Mich.; Auburn Hills, Mich. (approximately $85K), Troy, Mich. (around $73K), and Carrollton, Ga. (about $70K) are the next top-paying cities. Howell, Mich. ranks low on the pay scale — at $50K, it is one of the lowest-paid cities. By state, Magna International pays its Alabama employees the most; the pay rate there is $93K per year.
The highest paychecks go to Manufacturing Production Managers, who earn an average about $93K annually, closely trailed by Human Resources Managers ($88K), Product Engineers (around $70K), and Process Engineers ($65K). With salaries averaging $56K, Executive Assistants are among the lowest paid at Magna International.
Years of Experience
Average pay is approximately $76K per year for those with five to nine years of experience. Between the one and five year mark, median pay is $62K annually. Overall, the greater share of Magna International folks have 20 years or more of experience and earn an average approximately $75K per year.
Certifications and Degrees
Monetary compensation comes to $82K annually for Professional Engineer License Holders, far surpassing the earnings of non-credentialed workers. Engineer in Trainings with credentials can live quite comfortably; median salaries come in at around $80K per year. Magna International provides the highest financial reward to those with a Bachelor of Science in Human Resources Management (HRM) — these employees rake in $83K annually.
When it comes to skills, Leadership seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $103K per year. One of the more prevalent skills at Magna International is Microsoft Office, with nearly one-fourth considering it a key competency. Many workers are also familiar with Engineering Design, Microsoft Excel, and Project Management.
Benefits and Perks
Paid time off is scarce, with only about a third of workers receiving paid vacation and nearly one in seven workers receiving sick leave. A large number of workers save for retirement through Magna International's 401(k) plan. Perks cover health insurance for nearly all survey participants and dental coverage for almost all employees. The list of perks also includes a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.