When it comes to location, the highest average paycheck ($129K per year) can be spotted in Novi, Mich.; Detroit, Mich. (approximately $78K), Troy, Mich. (around $73K), and Carrollton, Ga. ($70K) are the next top-paying cities. Toledo, Ohio is one of the lowest-paid cities, with earnings averaging about $55K. By state, the highest pay levels are found in Alabama, where the average Magna International employee makes $95K annually.
Earning around $95K per year on average, Engineering Program Managers receive the most money, followed by Human Resources Managers (about $88K), Product Engineers ($70K), and Process Engineers ($66K). Earning only $56K on average, Executive Assistants make less than most people in the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to approximately $78K annually. Those with one to four years of experience at the company can expect to make $62K per year on average. Overall, the greater share of Magna International folks have 20 years or more of experience and earn an average $74K annually.
Certifications and Degrees
Engineer in Trainings receive bigger paychecks (about $82K per year) than those without credentials. It pays to have a Bachelor of Science in Human Resources Management (HRM) at Magna International — these employees make the most at approximately $83K annually.
The highest-paying skill in this position seems to be Program Management; individuals who report it as part of the repertoire have a median income of $108K per year. Folks here also tend to know Microsoft Office; on the survey, nearly one-fifth of workers named it in their skills portfolios. Key skills also include Microsoft Excel, Engineering Design, and Project Management.
Benefits and Perks
One in three respondents receive paid vacation, and only one-seventh of workers get sick leave. A large number of respondents report contributing to a 401(k). Perks cover health insurance for nearly all survey participants and dental coverage for most employees. Magna International also dishes out privileges such as a company cell phone, life insurance, a casual working environment, and tuition reimbursement.