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Average Salary for Magna International Employees

Headquartered in Aurora, Ontario, Magna International offers a range of employment opportunities in the manufacturing sector, from Engineering Program Manager to Product Engineer. A salary of $69K per year is the going rate at Magna International. For the most part, employee paychecks at Magna International fluctuate depending on your city; your job title and your experience level also matter, but to a lesser degree. This overview is based on answers to PayScale's salary questionnaire.

How This Employer Pays

Magna International typically pays:
-4%
below market

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Employer: Magna International
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
[-]Buyer (3)
$32,103 - $79,632  
   
[-]Buyer (3)
Salary$42,826 - $78,832  
   
Bonus$206.74 - $4,929  
Profit Disbursement$381.56 - $5,682  
Total Pay$32,103 - $79,632  
[+]Product Engineer (3)
$56,867 - $92,440  
   
[+]Product Engineer (3)
Salary$52,649 - $83,982  
   
Bonus$1,184 - $11,485  
Profit Disbursement$720 - $6,640  
Total Pay$56,867 - $92,440  
[+]Program Manager, Engineering (3)
$70,385 - $146,925  
   
[+]Program Manager, Engineering (3)
Salary$70,709 - $136,981  
   
Bonus$1,244 - $16,738  
Total Pay$70,385 - $146,925  
[+]Packaging Engineer (2)
$45,113 - $76,151  
   
[+]Packaging Engineer (2)
Salary$47,142 - $72,686  
   
Total Pay$45,113 - $76,151  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 21 Nov 2014 | Individuals Reporting: 75
United States (change)

About This Company

337 Magna Drive
Aurora, Ontario 

1957

Manufacturing, Motor Vehicle Body Manufacturing, Motor Vehicle Parts and Accessories

84,000


Freebase CC-BY Source: Freebase, licensed under CC-BY

Locations

When it comes to location, the highest average paycheck ($115K annually) can be spotted in Novi; Detroit (approximately $87K), Carrollton (about $70K), and Troy ($69K) are the next top-paying cities. Approaching the lower end of the pay scale (at around $43K) is Toledo. Within the firm, employees working in Missouri take home the most — $88K per year on average.

Jobs

The highest paychecks go to Engineering Program Managers, who earn about $115K, closely trailed by Human Resources Managers (around $88K), Supplier Quality Engineers (approximately $73K), and Product Engineers ($65K). At $56K, Executive Assistants are among the lowest paid at Magna International.

Years of Experience

Respondents who have been working for five to nine years tend to make $76K. The greater proportion of employees (30 percent) report one to four years of experience and bring home $60K annually.

Certifications and Degrees

Those lacking certification bring in much lower salaries than Professional Engineer License Holders, who make approximately $82K. Certified Six Sigma Green Belts also rank high on the pay scale, with expected earnings of around $62K per year. Magna International workers who hold a Bachelor of Science in Human Resources Management (HRM) are also well compensated, earning about $83K on average.

Skills

Skill-wise, employees who report Program Management as part of the toolkit report the most money, earning $108K on average. It's pretty common to find people here who know Microsoft Excel; nearly one in six consider it a key competency. A typical employee's toolkit also contains Microsoft Office, Engineering Design, and Project Management.

Gender

Men are more likely to work at Magna International than women, given the more than 3 to 1 male-to-female ratio.

Benefits and Perks

Two in five workers have paid vacation, and only about one in eight workers can take paid time off for illness. Almost all employees allocate some part of their earnings to the company-sponsored 401(k) savings plan. Almost all workers have health insurance, and benefits for nearly all workers also include dental insurance. Magna International folks also make good use of a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.

Key Stats for Magna International

Gender

Female
15 %
Male
85 %
Salary
$52,793 - $84,507
Salary
$43,114 - $87,275
Less than 1 year
3%
1-4 years
37%
5-9 years
13%
10-19 years
24%
20 years or more
23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

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