Years of Experience
Survey participants who have worked at Magna International for between five and 10 years earn $82K per year on average. The largest fraction of Magna International people (30 percent) have been working for one to four years and earn approximately $61K annually on average.
When it comes to location, the highest average paycheck (about $88K per year) can be spotted in Troy, Mich.; Auburn Hills, Mich. (around $76K), Detroit, Mich. ($76K), and Warren, Mich. ($70K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Toledo, Ohio — at around $61K, salaries are some of the lowest in the country. By state, the highest pay levels are found in Georgia, where the average Magna International employee makes $101K annually.
Bringing in the most money are Software Engineers — their earnings average about $78K per year. Manufacturing Engineers are a close second at approximately $70K along with Automation Engineers ($70K) and Production Supervisors ($60K). Supplier Quality Engineers are among the lowest paid at a median salary of around $52K.
Certifications and Degrees
Salaries approach $105K annually for Project Management Professionals; non-accredited workers make much less. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of $83K per year. Magna International compensates Bachelor of Engineering in Bachelor of Engineering Technology (BET)-holders the most at $81K annually.
In this role, the best-paying skill appears to be C programming Language; individuals who claim it among their capabilities enjoy a higher median salary of about $80K per year. A common skill in Magna International's work force is Project Management; somewhere between a fifth and a fourth of survey participants report using it on the job. Quality Assurance / Quality Control, Microsoft Office, and Microsoft Excel round out the set of key employee skills.
Benefits and Perks
Paid time off is scarce, with only about 30 percent receiving paid vacation and close to an eighth of workers receiving sick leave. Most workers allocate some part of their earnings to the company-sponsored 401(k) savings plan. At Magna International, the vast majority of respondents have health insurance, and almost all survey participants have dental coverage. Advantages of working here also include a company cell phone, life insurance, tuition reimbursement, and a casual working environment.