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Magnequench Inc Salary

Magnequench Inc Salary

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As of August 2026, the average hourly salary for employees at Magnequench Inc in the United States is $54. This translates to an approximate annual wage of $112,357. Salaries at Magnequench Inc typically range from $47 to $61 hourly, reflecting the diverse roles and experience levels within the company.
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Is Magnequench Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnequench 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
MacDermid Inc $59
+9.7%
Data suggests MacDermid Inc's workforce skews heavily towards veteran, high-tenure roles.
Delta Faucet Co $53
-2.5%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Hitachi Metals America Ltd $66
+21.9%
Influenced by prevailing union wage agreements specific to Hitachi Metals America Ltd's sector.
Brady Worldwide Inc $57
+4.8%
Reflects a supply-demand imbalance for the specific talent Brady Worldwide Inc targets.
MFG Durable Industry $59
+8.4%
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 Magnequench Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnequench Inc

Considering a career at Magnequench 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.
They offer robust training and mentorship programs, making it possible to advance your career significantly. Communication between shifts could be improved. Flexible work schedules and safety initiatives enhance employee satisfaction. Work can be repetitive, with occasional high-pressure periods during peak production. Facilities are kept in immaculate condition, reflecting pride in our work envir...
Commented in March 22, 2025
34
0
The workplace is clean, and safety is a priority. You feel appreciated for your efforts. It’s good to know you’re working for a company that takes its responsibilities seriously. It feels wonderful and deeply fulfilling to work for an organization that genuinely values giving back to society and making a positive, meaningful cultural impact beyond its core business operations. Training is availabl...
Commented in May 25, 2024
31
2
It’s a great balance of professionalism, teamwork, and innovation throughout. Time-off policies and healthcare coverage are especially appreciated among the production team. Pay is standard for industry. Safety standards exceed industry requirements regularly.
Commented in February 13, 2024
36
1

Magnequench Inc Overview

Website
www.mqitechnology.com
Founded In
1986
Employees
3,000 - 7,500 employees
Industry
MFG Durable
Headquarter Address
9775 Crosspoint Blvd Indianapolis Indiana IN 46256
Revenue
$500 Million - $1B
Phone Number
+1 3175721600
Social Media
About Magnequench Inc
Founded in 1999 and headquartered in Central Singapore, Singapore, Magnequench designs and manufactures magnetic powders and magnets. The Company offers bonded Neo powder and magnets for a car seat, trunk lift, and windshield wiper motors, as well as other related products.

What Benefits Does Magnequench Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnequench 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Magnequench Inc.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Magnequench Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Magnequench Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnequench Inc

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

The typical salary range for most roles at Magnequench Inc is approximately from $47 to $61 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. How much does Magnequench Inc pay compared to MacDermid Inc?

The average annual salary at Magnequench Inc is $112,357, or an hourly wage of $54, in comparison to MacDermid Inc which pays $123,211 per year or $59 per hour.

3. Do salaries differ significantly between departments at Magnequench Inc?

Yes, salaries often differ between departments at Magnequench 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 Magnequench Inc?

Experience level is a significant factor in determining salary at Magnequench 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 Magnequench Inc in Indianapolis is fair given the local cost of living?

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

6. Are the salaries listed for Magnequench Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Magnequench Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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