When it comes to location, the highest average paycheck ($129K per year) can be spotted in Novi, Mich.; Auburn Hills, Mich. ($85K), Troy, Mich. (about $73K), and Carrollton, Ga. (approximately $70K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Howell, Mich. — at around $50K, salaries are some of the lowest in the country. Within the company, workers earn the highest salaries (an average of $93K annually) in Alabama.
The highest paychecks go to Manufacturing Production Managers, who earn an average $93K per year, closely trailed by Human Resources Managers (around $88K), Product Engineers ($70K), and Process Engineers (approximately $65K). Earning only $56K on average, Executive Assistants make less than most people in the company.
Years of Experience
Between the one and five year mark, median pay is about $62K annually. For those with five to nine years of experience, average earnings amount to $76K per year. The largest slice of the Magna International workforce (27 percent) has been working for 20 years or more and earns, on average, $75K annually.
Certifications and Degrees
Being a Professional Engineer License Holder certainly has its perks — salaries approach about $82K per year and far exceed the paychecks of those without certification. Engineer in Trainings with credentials can live quite comfortably; median salaries come in at $80K annually. Regarding salaries and education, Magna International pays those with a Bachelor of Science in Human Resources Management (HRM) the most — around $83K.
When it comes to skills, employees who report Leadership among their abilities seem to make the most, reporting a median income of approximately $103K per year. Microsoft Office is regularly seen around here; approximately one in four of those surveyed report it as a core competency. Engineering Design, Microsoft Excel, and Project Management were also reported by many survey participants.
Benefits and Perks
Magna International lets only one in three employees take paid vacation and only one in seven employees take sick leave. Most workers set aside retirement funds in an employer-sponsored 401(k). Almost all respondents receive health insurance, and the vast majority of respondents get dental coverage. The company also dishes out perks such as a company cell phone, life insurance, a casual working environment, and tuition reimbursement.