Years of Experience
Average pay is approximately $82K per year for those with five to nine years of experience. When we consider tenure, a substantial portion of employees (33 percent) have been working for one to four years and make around $61K annually on average.
When it comes to location, the highest average paycheck ($85K per year) can be spotted in Troy, Mich.; Auburn Hills, Mich. (about $76K), Detroit, Mich. ($76K), and Warren, Mich. ($70K) are the next top-paying cities. Toledo, Ohio is one of the lowest-paid cities, with earnings averaging $58K. Within the firm, employees working in Georgia take home the most — around $83K annually on average.
The highest paychecks go to Manufacturing Engineers, who earn an average $70K per year, closely trailed by Automation Engineers (about $70K), Product Engineers (approximately $64K), and Senior Buyers ($58K). Supplier Quality Engineers at Magna International do not see much in the way of financial compensation and represent one of the lower-paid positions (approximately $50K on average) at the company.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach around $105K annually and far exceed the paychecks of those without certification. Certified Six Sigma Green Belts with credentials can live quite comfortably; median salaries come in at about $70K per year. Employees who have a Bachelor of Engineering in Bachelor of Engineering Technology (BET) make the most here, hauling in $81K annually.
The highest-paying skill to have in this role seems to be Project Management; employees claiming this as part of the toolbox earn a median of $75K per year. It's pretty common to find people here who know Microsoft Excel; approximately one in five consider it a key competency. Quality Assurance / Quality Control, Microsoft Office, and Lean Manufacturing were also reported by many survey participants.
Benefits and Perks
Paid time off is scarce, with only about 35 percent receiving paid vacation and nearly one in eight workers receiving sick leave. A 401(k) program is available, and a large number of respondents use it to save for retirement. Nearly all respondents receive health insurance, and most respondents get dental coverage. The list of perks also includes a company cell phone, life insurance, tuition reimbursement, and a casual working environment.