Directors of Engineering earn the highest median pay at $156K annually, followed by Mechanical Engineers (around $80K), Software Engineers ($78K), and Automation Engineers ($68K). Among the lower-paid positions at Magna International are Supplier Quality Engineers — the median salary for this role approaches about $52K.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to approximately $82K per year. Overall, the greater share of Magna International folks have one to four years of experience and earn an average about $63K annually.
When it comes to location, the highest average paycheck ($98K per year) can be spotted in Novi, Mich.; Troy, Mich. (around $90K), Warren, Mich. ($78K), and Auburn Hills, Mich. (approximately $76K) are the next top-paying cities. Greenville, S.C. ranks low on the pay scale — at $66K, it is one of the lowest-paid cities. Pay rates in the United States are highest in the state of Alabama, where they average to around $80K annually.
Certifications and Degrees
Project Management Professionals earn $105K per year, far more than their non-accredited counterparts. Certified Six Sigma Black Belts with credentials can live quite comfortably; median salaries come in at about $83K annually. Magna International workers who hold a Master of Science (MS) are also well compensated, earning $75K on average.
When it comes to skills, employees who report Leadership among their abilities seem to make the most, reporting a median income of approximately $85K per year. One of the more prevalent skills at Magna International is Project Management, with approximately one-fourth considering it a key competency. Other skills in demand are Quality Assurance / Quality Control, Engineering Design, and Microsoft Office.
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 survey participants participate. Health insurance comes as part of the deal for the vast majority of respondents, and the vast majority of workers report receiving dental coverage as well. The company also dishes out perks such as a subsidized cell phone, life insurance, tuition reimbursement, gym membership, and a casual working environment.