Magna Inc Salary

Magna Inc Salary

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As of August 2026, the average hourly salary for employees at Magna Inc in the United States is $62. This translates to an approximate annual wage of $128,401. Salaries at Magna Inc typically range from $54 to $70 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magna Inc

Ready for your next career move? Explore current job openings at Magna Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Magna Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magna 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
Sberbank $45
-26.4%
Reflects market rates for standard general contracting, differing from specialized roles.
Oaklins $62
-0.4%
Confirms Oaklins is a direct competitor vying for the exact same talent pool.
Institutional Capital Network Inc $62
+0.1%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
La Franaise $62
+1.2%
Suggests La Franaise utilizes a highly similar base-plus-benefits compensation model.
Financial Services Industry $59
-5.4%
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.

Companies Similar to Magna Inc and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Magna Inc. Click a company name to learn more.

Employee Reviews: Working at Magna Inc

Considering a career at Magna 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.
Supportive leadership and clear communication foster a collaborative work environment. Management is generally supportive to respond to concerns. A forward-thinking company with excellent leadership and a culture of growth. Job security and company stability make this an excellent place for long-term careers.
Commented in May 09, 2025
32
1
From the first interview to today, I’ve felt welcomed and supported. Mental health coverage is robust. An ideal place for professionals focused on financial services excellence. Birthday recognitions. Company-wide events and team-building activities keep morale high. Despite having employees, the organization maintains agility, embracing cutting-edge technology and modern financial solutions. The ...
Commented in February 23, 2025
22
0
Seeing clients achieve their goals through our work is incredibly rewarding. A truly empowering work environment. Leadership communicates a clear vision, ensuring everyone is aligned with company goals. Communication is excellent, and wins are celebrated.
Commented in February 01, 2024
12
1

Magna Inc Overview

Website
www.magnaglobal.com
Founded In
2009
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Address
100 W 33rd St New York City New York NY 10001
Revenue
$50 Million - $200 Million
Phone Number
+1 2128833700
Social Media
About Magna Inc
MAGNA is the centralized IPG Mediabrands resource that develops intelligence, investment and innovation strategies for agency teams and clients. We utilize our insights, forecasts and strategic relationships to provide clients with a competitive marketplace advantage.

What Benefits Does Magna Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magna 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)
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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Magna Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Magna Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Magna Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magna Inc

1. How much does Magna Inc in the United States pay?

Magna Inc pays its employees an average of $62 per hour. The average salary at Magna Inc range from $54 to $70 per hour. 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. Do Magna Inc employees get a higher salary than its peer company?

The salary at Magna Inc is higher than its peer company. The average annual salary at Magna Inc is $128,401, or an hourly wage of $62, in comparison to Sberbank which pays $94,447 per year or $45 per hour.

3. What are the highest paying jobs at Magna Inc?

The higher-paying job at Magna Inc, according to our data, include Managing Director (avg. $478 per hour), Director, Investment (avg. $214 per hour), and Vice President, Analytics (avg. $186 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Magna Inc?

Salary progression with years of experience at Magna Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Magna Inc vary by office location?

Yes, it's very likely that salaries at Magna Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for New York section provides more context.

6. Does Magna Inc offer good benefits?

Magna Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Magna Inc" section on this page.

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