Magnit Inc Salary

Magnit Inc Salary

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As of August 2026, the average hourly salary for employees at Magnit Inc in the United States is $63. This translates to an approximate annual wage of $131,755. Salaries at Magnit Inc typically range from $56 to $72 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magnit Inc

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

Is Magnit Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnit 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
Elavon Inc $59
-6.5%
Normalized for lower cost-of-living zones where Elavon Inc primarily operates.
Activision Publishing Inc $66
+4.1%
Data suggests Activision Publishing Inc's workforce skews heavily towards veteran, high-tenure roles.
Business Objects SA $73
+15.7%
Reflects a supply-demand imbalance for the specific talent Business Objects SA targets.
Procore Technologies Inc $62
-2.0%
Confirms Procore Technologies Inc is a direct competitor vying for the exact same talent pool.
Software & Networking Industry $61
-3.7%
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.

Companies Similar to Magnit Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnit Inc

Considering a career at Magnit 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.
I’ve learned a lot and feel valued in my role. The company provides necessary tools, and the team is helpful. The team is helpful, and processes are well-defined. The company operates smoothly with a focus on efficiency.
Commented in March 20, 2025
48
0
Great workplace culture. The team feels like a family, and there’s always support when challenges arise. I enjoy the collaborative environment and supportive management. The job is steady with a good work-life balance. Benefits meet industry standards, and the job is secure. I appreciate the work-life balance initiatives, including flexible scheduling and remote work options for certain roles.
Commented in June 12, 2024
16
0
I’d recommend this workplace to anyone looking for stability and growth. Management listens to employee concerns and implements positive changes. Highly recommend for anyone in the retail sector. The compensation is fair, and there are good advancement opportunities.
Commented in January 28, 2024
49
0

Magnit Inc Overview

Website
www.magnitglobal.com
Founded In
1991
Employees
3,000 - 7,500 employees
Industry
Software & Networking
Headquarter Address
2365 Iron Point Rd Folsom California CA 95630
Revenue
$500 Million - $1B
Phone Number
+1 8002911099
Social Media
About Magnit Inc
Magnit is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt

What Benefits Does Magnit Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnit 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 Sacramento?

Understanding the cost of living near Sacramento is key to truly evaluating a salary offer or your current compensation at Magnit Inc.
Sacramento's Cost of Living Index is approximately 118.8 (18.8% more expensive than US average; 15.0% less than CA average). State capital, more affordable than coastal CA but housing costs have risen significantly. When planning your budget based on a salary from Magnit Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Magnit Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (SacRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,800 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnit Inc

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

The typical salary range for most roles at Magnit Inc is approximately from $56 to $72 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 Magnit Inc pay compared to Elavon Inc?

The average annual salary at Magnit Inc is $131,755, or an hourly wage of $63, in comparison to Elavon Inc which pays $123,179 per year or $59 per hour.

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

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

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

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

6. What factors influence salary increases at Magnit Inc?

Salary increases at Magnit 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.

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