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Headquartered in Aurora, Ontario, Magna International offers a range of employment opportunities in the manufacturing industry, from Engineering Program Manager to Product Engineer. Compensation for Magna International employees tends to be around $70K annually. Though what you do at the company and how long you've been working do impact pay, where you live is the primary influence on employee salary at Magna International. This report is based on answers to PayScale's salary questionnaire.
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Job (Number Reporting)
|$31,307 - $78,315|
|Salary||$42,258 - $78,713|
|Bonus||$222.96 - $4,728|
|Profit Disbursement||$418.12 - $6,131|
|Total Pay||$31,307 - $78,315|
|$57,534 - $92,168|
|Salary||$53,053 - $83,981|
|Bonus||$1,248 - $11,872|
|Profit Disbursement||$642 - $6,004|
|Total Pay||$57,534 - $92,168|
|$69,952 - $146,266|
|Salary||$72,336 - $144,560|
|Bonus||$1,324 - $16,338|
|Total Pay||$69,952 - $146,266|
|$39,190 - $89,509|
|Salary||$42,539 - $80,849|
|Total Pay||$39,190 - $89,509|
Country: United States | Currency: USD | Updated: 30 Oct 2014 | Individuals Reporting: 77
Median pay is highest in Novi (about $115K per year), followed by Detroit (approximately $87K), Carrollton ($70K), and Troy (around $69K). Expected earnings are below average ($43K) in Toledo, one of the lowest-paid cities. By state, the highest pay levels are found in Missouri, where the average Magna International employee makes $88K annually.
The highest paychecks go to Engineering Program Managers, who earn around $115K, closely trailed by Human Resources Managers ($88K), Supplier Quality Engineers ($73K), and Product Engineers ($65K). Executive Assistants are among the lowest paid at approximately $56K.
Survey participants who have worked at Magna International for between five and ten years haul in about $76K on average. For those with one to four years of experience, paychecks typically reach $60K. Overall, the greater share of Magna International folks have 20 years or more of experience and earn $82K per year.
Monetary compensation comes to approximately $94K for OSHA Forklift Operator Certifications, far surpassing the earnings of non-credentialed workers. Becoming a Professional Engineer License Holder can certainly pay off here; those folks make $82K. At Magna International, employees who hold a Bachelor's Degree receive the highest salaries at about $83K.
The best paying skill to have in this role appears to be Program Management; employees who claim this ability report median compensation of around $108K. Microsoft Excel is a popular skill among Magna International workers, with roughly a sixth of those surveyed reporting using it on the job. Key skills also include Microsoft Office, Engineering Design, and Project Management.
Employees skew strongly male, with a male-to-female ratio of more than 3 to 1.
Paid time off is scarce, with only about 43 percent receiving paid vacation and close to an eighth of workers receiving sick leave. Almost all workers plan for retirement by taking advantage of the company-sponsored 401(k) program. At Magna International, the vast majority of workers have health insurance, and almost all employees have dental coverage. Perks also include a company cell phone, life insurance, a casual working environment, and tuition reimbursement.
$52,793 - $84,507
$43,677 - $88,526
|Highly satisfied||Rated 4 out of 5
based on 21 votes.
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