When it comes to location, the highest average paycheck ($115K annually) can be spotted in Novi; Detroit (approximately $87K), Carrollton (about $70K), and Troy ($69K) are the next top-paying cities. Approaching the lower end of the pay scale (at around $43K) is Toledo. Within the firm, employees working in Missouri take home the most — $88K per year on average.
The highest paychecks go to Engineering Program Managers, who earn about $115K, closely trailed by Human Resources Managers (around $88K), Supplier Quality Engineers (approximately $73K), and Product Engineers ($65K). At $56K, Executive Assistants are among the lowest paid at Magna International.
Years of Experience
Respondents who have been working for five to nine years tend to make $76K. The greater proportion of employees (30 percent) report one to four years of experience and bring home $60K annually.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Professional Engineer License Holders, who make approximately $82K. Certified Six Sigma Green Belts also rank high on the pay scale, with expected earnings of around $62K per year. Magna International workers who hold a Bachelor of Science in Human Resources Management (HRM) are also well compensated, earning about $83K on average.
Skill-wise, employees who report Program Management as part of the toolkit report the most money, earning $108K on average. It's pretty common to find people here who know Microsoft Excel; nearly one in six consider it a key competency. A typical employee's toolkit also contains Microsoft Office, Engineering Design, and Project Management.
Men are more likely to work at Magna International than women, given the more than 3 to 1 male-to-female ratio.
Benefits and Perks
Two in five workers have paid vacation, and only about one in eight workers can take paid time off for illness. Almost all employees allocate some part of their earnings to the company-sponsored 401(k) savings plan. Almost all workers have health insurance, and benefits for nearly all workers also include dental insurance. Magna International folks also make good use of a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.