Magnet Lending Corp Salary

Magnet Lending Corp Salary

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As of August 2026, the average hourly salary for employees at Magnet Lending Corp in the United States is $43. This translates to an approximate annual wage of $88,941. Salaries at Magnet Lending Corp typically range from $37 to $48 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magnet Lending Corp

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

Is Magnet Lending Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Lending Corp'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
Transamerica Consumer Receivable Funding Inc $47
+10.0%
Supported by Transamerica Consumer Receivable Funding Inc's high-margin contracts allowing higher overhead.
First Empire Mortgage Corp $51
+18.1%
Reflects a supply-demand imbalance for the specific talent First Empire Mortgage Corp targets.
Stewards Holding LLC $42
-1.4%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
RR - May Land Holdings Ltd $45
+4.2%
Driven by niche technical certifications required for RR - May Land Holdings Ltd's specialized projects.
Financial Services Industry $59
+36.6%
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 Magnet Lending Corp and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnet Lending Corp

Considering a career at Magnet Lending Corp? 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.
Workload distribution is managed thoughtfully. Career growth is encouraged through structured development programs and access to industry-leading training. Compensation and benefits are competitive, including strong retirement plans and wellness programs. There isn’t much room to innovate, but deadlines and responsibilities are consistently met. Supportive culture with excellent training opportuni...
Commented in May 03, 2025
12
3
Collaboration is encouraged it is consistent. Supportive management and consistent feedback have made a difference in my growth. Public transit options abound. Leaders are approachable, team members are collaborative, and the organization values high standards and continuous improvement. The company culture actively promotes inclusivity and celebrates diverse perspectives, making it a welcoming p...
Commented in March 02, 2025
42
1
There is strong focus on compliance and risk management, which sometimes affects decision-making and innovation. Professionalism and integrity are deeply valued. For an organization of employees, maintaining such a high standard of integrity and trust is commendable.
Commented in March 01, 2024
32
0

Magnet Lending Corp Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
507 S Grand Ave Lansing Michigan MI 48933
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Magnet Lending Corp
Magnet Lending Corp is a company that operates in the Financial Services industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Lansing, Michigan.

What Benefits Does Magnet Lending Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Lending Corp 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 Lansing?

Understanding the cost of living near Lansing is key to truly evaluating a salary offer or your current compensation at Magnet Lending Corp.
Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). State capital (Michigan State Univ. nearby), affordable housing. CATA bus. When planning your budget based on a salary from Magnet Lending Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Magnet Lending Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (CATA monthly pass, free for MSU) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,010 - $3,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Lending Corp

1. What is the typical salary range (low to high) for most roles at Magnet Lending Corp?

The typical salary range for most roles at Magnet Lending Corp is approximately from $37 to $48 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 Magnet Lending Corp pay compared to Transamerica Consumer Receivable Funding Inc?

The average annual salary at Magnet Lending Corp is $88,941, or an hourly wage of $43, in comparison to Transamerica Consumer Receivable Funding Inc which pays $97,843 per year or $47 per hour.

3. How does experience level affect salary at Magnet Lending Corp?

Experience level is a significant factor in determining salary at Magnet Lending Corp, 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.

4. How can I determine if a salary offer from Magnet Lending Corp in Lansing is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at Magnet Lending Corp?

Several key factors influence salary levels at Magnet Lending Corp. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Magnet Lending Corp likely benchmarks its salaries against other companies in the Financial Services sector. You can explore how these factors play out in our detailed salary data.

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