Magstim Salary

As of August 2026, the average hourly salary for employees at Magstim in the United States is $46. This translates to an approximate annual wage of $96,675. Salaries at Magstim typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Magstim Pay for Different Roles?

Explore detailed salary information for specific jobs at Magstim. Based on our data, the highest paying job is the Product Development Manager, with an hourly wage of $69. The table below outlines the hourly wage ranges for most popular roles within the company.

Account Executive- Houston, TX

$53 / hour

Salary Range: $45 - $62

Account Management III

Client Service Representative (Remote)

$20 / hour

Salary Range: $18 - $22

Network Services

CRM Coordinator

$33 / hour

Salary Range: $28 - $38

Project Planning

Data Entry Specialist

$20 / hour

Salary Range: $18 - $21

Warehouse

eCommerce Account Manager

$65 / hour

Salary Range: $57 - $75

Merchandise Operations

EDI Specialist

$38 / hour

Salary Range: $33 - $43

Healthcare Data Analysis

Turn Insight into Opportunity: Current Job Openings

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About Magstim: Company Profile

Website
www.magstim.com
Founded In
1990
Employees
50 - 100 employees
Industry
Biotechnology
Headquarter Location
EDEN PRAIRIE
Revenue
<$5 Million
Phone Number
-
Social Media
About MAGSTIM
Based in Wales, The Magstim Company Ltd is engaged in the research, development, manufacture and marketing of medical and research devices within the neurological and surgical fields. Through our products, we enable researchers and clinicians to assess, protect and improve the functioning of the nervous system in various applications. Our principal products are: Magstim (www.magstim.com) - a range

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Magstim's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Surprisingly good work-life balance for biotech. This interdisciplinary approach not only enhances our problem-solving capabilities but also provides diverse learning opportunities, enriching our professional experience and contributing to overall company success. Challenges are embraced together, making growth both personal and collective. It's inspiring to contribute to therapies that genuinely ...
The company's commitment to diversity, equity, and inclusion is clear and actively practiced throughout the organization. Some initiatives feel reactionary rather than strategic. Interdepartmental collaboration is smooth, and everyone is passionate about the company’s mission. Transparent goals, strong communication, and a mission-oriented culture make this company outstanding. Collaboration acros...
Employees receive ample resources and encouragement to grow professionally and personally. Leadership is transparent, and teamwork is encouraged across departments. Cryopreservation viability was >95%. There’s strong emphasis on learning, development, and shared success.

Is Magstim’s Pay Competitive? Salary Benchmarking Analysis

How does Magstim'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
MICRONIC $46
-1.6%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
MAGNOLIA MEDICAL TECHNOLOGIES $48
+2.7%
Suggests MAGNOLIA MEDICAL TECHNOLOGIES utilizes a highly similar base-plus-benefits compensation model.
MLILY USA $40
-14.9%
Normalized for lower cost-of-living zones where MLILY USA primarily operates.
MEDINC $44
-5.0%
MEDINC likely leverages performance bonuses over the high base salary shown here.
Biotechnology Industry $63
+35.0%
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.

What Is the Cost of Living Near Eden Prairie?

Understanding the cost of living near Eden Prairie is key to truly evaluating a salary offer or your current compensation at Magstim.
Eden Prairie's Cost of Living Index is approximately 115.3 (15.3% more expensive than US average; 18.7% more than MN average). Affluent Mpls suburb, excellent schools, high housing costs. SW Transit, Metro Transit. When planning your budget based on a salary from Magstim, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Magstim salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation Metro Transit/SW Transit (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $740+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,010 - $4,800+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Magstim

FAQ 1: How much does Magstim in the United States pay?
Magstim pays its employees an average of $46 per hour. The average salary at Magstim range from $41 to $53 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.
FAQ 2: Do Magstim employees get a higher salary than its peer company?
The salary at Magstim is higher than its peer company. The average annual salary at Magstim is $96,675, or an hourly wage of $46, in comparison to MICRONIC which pays $95,174 per year or $46 per hour.
FAQ 3: How much does salary increase with years of experience at Magstim?
Salary progression with years of experience at Magstim 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.
FAQ 4: Do salaries at Magstim vary by office location?
Yes, it's very likely that salaries at Magstim 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 Eden Prairie section provides more context.
FAQ 5: Does Magstim offer good benefits?
Magstim 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 Magstim" section on this page.