Nearing the top of the pay scale are Directors of Engineering, Software Engineers, Manufacturing Engineers, and Process Engineers; while the first receives the highest median pay at $156K per year, the other salaries come in at $78K, approximately $70K, and $69K, respectively. Supplier Quality Engineers at Magna International do not see much in the way of financial compensation and represent one of the lower-paid positions (about $54K on average) at the company.
Years of Experience
Survey participants who have worked at Magna International for between five and 10 years earn around $82K annually on average. The largest fraction of Magna International people (29 percent) have been working for one to four years and earn $62K per year on average.
When it comes to location, the highest average paycheck (around $98K annually) can be spotted in Novi, Mich.; Troy, Mich. ($90K), Warren, Mich. (approximately $78K), and Auburn Hills, Mich. (about $77K) are the next top-paying cities. Approaching the lower end of the pay scale (at $66K) is Greenville, S.C. By state, Magna International pays its Georgia employees the most; the pay rate there is around $101K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make $105K annually. Certified Six Sigma Black Belts also rank high on the pay scale, with expected average earnings of $83K per year. The best paid folks at Magna International have a Bachelor of Business Administration (BBA), earning about $74K annually.
When it comes to skills, Leadership seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $85K per year. A common skill in Magna International's work force is Project Management; just under one in four of survey participants report using it on the job. Many workers usually know Quality Assurance / Quality Control, Microsoft Office, and Engineering Design as well.
Benefits and Perks
For employees looking to save up for their golden years, Magna International provides an optional 401(k) plan, and a large number of workers participate. For almost all respondents, benefits include health insurance, and the vast majority of respondents get dental coverage, too. Magna International folks also make good use of a company cell phone, life insurance, a casual working environment, tuition reimbursement, and gym membership.