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Average Salary for Magna International Employees

Based in Aurora, Ontario,manufacturing player Magna International offers many employment opportunities, including Packaging Engineer and Environmental Health & Safety Coordinator positions. A salary of $69K per year is the median rate at Magna International. At Magna International, the biggest piece of the paycheck puzzle is geography — it impacts salary more than anything else — though your experience level and your job title each factor into the equation as well. The data for this overview comes from answers to PayScale's salary questionnaire.

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How This Employer Pays

Magna International typically pays:
-6%
below market

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Employer: Magna International
Average Salary Range by Job

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United States (change)


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About This Company

337 Magna Drive
Aurora, Ontario 

1957

Manufacturing, Motor Vehicle Body Manufacturing, Motor Vehicle Parts and Accessories

84,000


Freebase CC-BY Source: Freebase, licensed under CC-BY

Locations

When it comes to location, the highest average paycheck ($129K annually) can be spotted in Novi, Mich.; Troy, Mich. (about $73K), Carrollton, Ga. ($70K), and Louisville, Ky. (around $69K) are the next top-paying cities. High paychecks are not found in Howell, Mich.; in fact, at $50K it is one of the worst-paid cities. Across its U.S. offices, the state of Alabama pays Magna International the most — approximately $93K per year on average.

Years of Experience

Five to nine years of work experience seem to result in median wages of about $75K annually. When we consider tenure, a substantial portion of employees (27 percent) have been working for one to four years and make $62K per year on average.

Jobs

Nearing the top of the pay scale are Human Resources Managers, Product Engineers, Process Engineers, and Packaging Engineers; while the first receives the highest median pay at $88K annually, the other salaries come in at $70K, approximately $66K, and around $63K, respectively. Financial compensation for Executive Assistants is rather low — on average only $56K — relative to the rest of the company.

Certifications and Degrees

Being a Professional Engineer License Holder certainly has its perks — salaries approach approximately $82K per year and far exceed the paychecks of those without certification. Engineer in Trainings also rank high on the pay scale, with expected average earnings of $80K annually. Magna International provides the highest financial reward to those with a Bachelor of Science in Human Resources Management (HRM) — these employees rake in $83K per year.

Skills

In this position, it pays to have Program Management in your toolkit; employees who claim proficiency enjoy a higher median salary of around $108K annually. It's pretty common to find people here who know Microsoft Office; nearly one in four consider it a key competency. Engineering Design, Microsoft Excel, and Project Management are also desirable skills.

Benefits and Perks

As part of compensation, Magna International gives paid vacation to one in three workers and paid sick leave to one in eight employees. Most workers save for retirement through Magna International's 401(k) plan. Magna International provides health insurance to almost all employees, and a large number of workers do receive dental coverage. Other privileges include a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.

Key Stats for Magna International

Gender

Female
22 %
Male
78 %
Salary
$33,451 - $93,478
Salary
$51,652 - $87,720
Less than 1 year
3%
1-4 years
35%
5-9 years
20%
10-19 years
21%
20 years or more
21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.
United States (change)

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