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Magnaflux GmbH Salary

Magnaflux GmbH Salary

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As of August 2026, the average hourly salary for employees at Magnaflux GmbH in the United States is $52. This translates to an approximate annual wage of $107,885. Salaries at Magnaflux GmbH typically range from $46 to $59 hourly, reflecting the diverse roles and experience levels within the company.
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Is Magnaflux GmbH’s Pay Competitive? Salary Benchmarking Analysis

How does Magnaflux GmbH'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
Cogstate $54
+3.9%
Reflects a supply-demand imbalance for the specific talent Cogstate targets.
NeuroLogica Corp $52
+0.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
RBC Medical Innovations $49
-6.3%
RBC Medical Innovations operates with a leaner overhead structure, impacting base wage offers.
MPS Precimed SA $49
-5.3%
MPS Precimed SA likely leverages performance bonuses over the high base salary shown here.
Biotechnology Industry $63
+21.0%
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 Magnaflux GmbH and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnaflux GmbH

Considering a career at Magnaflux GmbH? 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.
This company offers job security and a clearly defined organizational structure. Training programs help employees develop both technical and leadership skills. The company’s commitment to sustainability and diversity makes this an outstanding place for biotech professionals to thrive. From day one, I felt welcomed and part of a team striving to solve important health issues. While the company offe...
Commented in February 01, 2025
15
0
The company offers excellent lab resources and prioritizes safety and compliance. Strong mentorship programs help new employees thrive and build successful biotech careers. Projects are engaging, and the pace is challenging but invigorating. Management is professional and it is communicative, making it a steady but sometimes uninspiring workplace for those seeking rapid growth. It’s a dynamic and ...
Commented in August 07, 2024
47
3
It’s a functional environment that could benefit from stronger engagement efforts. Highly skilled colleagues and access to advanced tools make daily work fulfilling. This supportive atmosphere, combined with the groundbreaking work we do, makes not just a workplace, but a place where you feel genuinely connected and part of something bigger.
Commented in February 14, 2024
11
3

Magnaflux GmbH Overview

Website
www.magnaflux.com
Founded In
1929
Employees
100 - 200 employees
Industry
Biotechnology
Headquarter Address
155 Harlem Ave Glenview Illinois IL 60025
Revenue
$10 Million - $50 Million
Phone Number
+1 8476575300
Social Media
About Magnaflux GmbH
Magnaflux provides nondestructive testing solutions to ensure that the materials used to build automobiles, bridges, airplanes, heavy machinery, buildings, and railroads can handle the stresses of everyday use and help engineers, technicians and mechanics know when those parts need to be replaced. The company is headquartered in Glenview, Illinois.

What Benefits Does Magnaflux GmbH Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnaflux GmbH 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Magnaflux GmbH.
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 Magnaflux GmbH, 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 Magnaflux GmbH 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 Magnaflux GmbH

1. How much does a Magnaflux GmbH employee make?

Magnaflux GmbH pays its employees an average of $52 per hour. The average salary at Magnaflux GmbH range from $46 to $59 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. Which similar company tend to pay more or less than Magnaflux GmbH?

The salary at Magnaflux GmbH is lesser than the similar company. The average annual salary at Magnaflux GmbH is $107,885, or an hourly wage of $52, in comparison to Cogstate which pays $112,104 per year or $54 per hour.

3. How much does a President typically earn at Magnaflux GmbH?

A President at Magnaflux GmbH typically earns an average hourly base salary of around $402, with a general range of $308 to $506.

4. Do employees with advanced degrees (Master's, PhD) earn more at Magnaflux GmbH?

In many roles at Magnaflux GmbH, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Chicago affect the perceived value of a Magnaflux GmbH salary?

Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from Magnaflux GmbH based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Magnaflux GmbH typically offer employees?

Magnaflux GmbH generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Magnaflux GmbH" section on this page.

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