Altran Magnetics Inc Salary

As of August 2026, the average annual salary for employees at Altran Magnetics Inc in the United States is $98,444. This translates to an approximate hourly wage of $47. Salaries at Altran Magnetics Inc typically range from $86,623 to $111,245 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Is Altran Magnetics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Altran Magnetics Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Chris-Craft Corp $99,225
+0.8%
Confirms Chris-Craft Corp is a direct competitor vying for the exact same talent pool.
TRANSWORD PROCESSORS Inc $105,237
+6.9%
Adjusted for higher cost-of-living indices in TRANSWORD PROCESSORS Inc's primary metro hubs.
Ansoft Corp $102,410
+4.0%
Data suggests Ansoft Corp's workforce skews heavily towards veteran, high-tenure roles.
ContiTech Corp $102,970
+4.6%
Reflects a supply-demand imbalance for the specific talent ContiTech Corp targets.
MFG Durable Industry $121,746
+23.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Altran Magnetics Inc

Considering a career at Altran Magnetics Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Flexibility in shifts depends on management, leading to mixed experiences. I appreciate the clear expectations and supportive management style at this manufacturing company. The environment promotes continuous improvement, and we often see the direct impact of our suggestions on the line. The company’s investment in technology and automation has significantly improved efficiency. This company feel...
Employees at this company benefit from a collaborative culture that encourages continuous learning and safety awareness. The workplace culture focuses on accountability and professionalism. Management follows protocol, but there’s limited innovation unless upper leadership initiates change. This company fosters a culture of excellence without sacrificing a positive work environment.
You know what to expect, and policies are applied evenly. Management is supportive and transparent, fostering trust and engagement. 0 technologies. Employees appreciate the job stability and benefits but face challenges with workload fluctuations and occasional unclear communication.
There’s little variation in daily tasks, but everything runs efficiently and with clear expectations. Whether you're in production, maintenance, or logistics, there’s room to grow and innovate. This ethical approach resonates with many employees and adds to our pride in the organization. Overall, it’s a rewarding and supportive workplace.
The company provides job stability and routine benefits but faces challenges with communication and collaboration between departments. Everyone works together to meet goals without unnecessary pressure. Everyone, from the production line to management, is dedicated to producing the best possible products. From intricate component assembly to large-scale final product fabrication, there's always a ...

Altran Magnetics Inc Overview

Website
www.altranmagnetics.com
Founded In
2014
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
1741 Industrial Dr Sterling Illinois IL 61081
Revenue
$50 Million - $200 Million
Phone Number
+1 8156323150
Social Media
About Altran Magnetics Inc
Altran Magnetics is a supplier of specialized electro-mechanical product solutions. They are based in Sterling, Illinois.

What Benefits Does Altran Magnetics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Altran Magnetics Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Altran Magnetics Inc?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

illustration

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Altran Magnetics Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Altran Magnetics Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Altran Magnetics Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Altran Magnetics Inc

1. What is the typical salary range (low to high) for most roles at Altran Magnetics Inc?

The typical annual salary range for most roles at Altran Magnetics Inc is approximately from $86,623 to $111,245. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Altran Magnetics Inc pay compared to Chris-Craft Corp?

The average annual salary at Altran Magnetics Inc is $98,444, or an hourly wage of $47, in comparison to Chris-Craft Corp which pays $99,225 per year or $48 per hour.

3. Do salaries differ significantly between departments at Altran Magnetics Inc?

Yes, salaries often differ between departments at Altran Magnetics Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Altran Magnetics Inc?

Experience level is a significant factor in determining salary at Altran Magnetics Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Altran Magnetics Inc in Chicago is fair given the local cost of living?

To determine if a salary offer from Altran Magnetics Inc in Chicago is fair, first compare the gross salary to our data for similar roles at Altran Magnetics Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. What factors influence salary increases at Altran Magnetics Inc?

Salary increases at Altran Magnetics Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.