World Magnetics Salary

World Magnetics Salary

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As of August 2026, the average hourly salary for employees at World Magnetics in the United States is $35. This translates to an approximate annual wage of $72,786. Salaries at World Magnetics typically range from $31 to $40 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does World Magnetics Pay for Different Roles?

Explore detailed salary information for specific jobs at World Magnetics. Based on our data, the highest paying job is the Director of Finance and Accounting, with an hourly wage of $92. The table below outlines the hourly wage ranges for most popular roles within the company.

Sales Manager

$78 / hour

Salary Range: $68 - $90

Sales

Technical Performance Specialist - Tooling Tryout

$53 / hour

Salary Range: $49 - $57

Engineering

Tooling Tryout Technician

$45 / hour

Salary Range: $42 - $49

Engineering

Technical Support Representative

$24 / hour

Salary Range: $21 - $27

Technical Support

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at World Magnetics.
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About World Magnetics: Company Profile

Website
www.worldmagnetics.com
Founded In
1962
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
TRAVERSE CITY
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About WORLD MAGNETICS
World Magnetics Company is a marketing and advertising company based out of P.O. Box 2979, Cincinnati, Ohio, United States.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into World Magnetics's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Working here has changed my perspective on manufacturing careers. Communication from management is generally clear but occasionally delayed. Projects are well-managed, and success is shared. It’s a solid job where you feel like a valuable part of the team.
Commented in March 15, 2025
23
2
The environment is safe and structured, though not particularly innovative. Excellent internal communication. Employees experience steady work and average benefits, but workload spikes can increase pressure. Career growth opportunities are present. The leadership team is transparent and approachable, maintaining open communication channels. A dependable employer, though opportunities for skill adv...
Commented in March 07, 2025
15
0
Compensation is fair and transparent, with opportunities for overtime when desired. At this company, employees experience a supportive workplace with a clear focus on safety and quality standards. This makes you feel heard and valued. Cross-training improves job variety. Advancement is based on merit, not just tenure.
Commented in March 20, 2024
9
3

How World Magnetics's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating World Magnetics’s pay competitiveness. Click on a company for a deeper dive.

Is World Magnetics’s Pay Competitive? Salary Benchmarking Analysis

How does World Magnetics'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
WOODBURY INSPECTION GROUP $38
+9.6%
Reflects structural premiums typical of WOODBURY INSPECTION GROUP's large-cap national operations.
WATERS NETWORK SYSTEMS $37
+4.5%
Supported by WATERS NETWORK SYSTEMS's high-margin contracts allowing higher overhead.
CROPSCAN $37
+5.8%
Data suggests CROPSCAN's workforce skews heavily towards veteran, high-tenure roles.
CENTRIX INTERNATIONAL $41
+16.3%
Reflects a supply-demand imbalance for the specific talent CENTRIX INTERNATIONAL targets.
MFG Durable Industry $59
+67.3%
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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at World Magnetics.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from World Magnetics, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of World Magnetics salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid 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 $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About World Magnetics

FAQ 1: What is the typical salary range (low to high) for most roles at World Magnetics?
The typical salary range for most roles at World Magnetics is approximately from $31 to $40 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: How much does World Magnetics pay compared to WOODBURY INSPECTION GROUP?
The average annual salary at World Magnetics is $72,786, or an hourly wage of $35, in comparison to WOODBURY INSPECTION GROUP which pays $79,768 per year or $38 per hour.
FAQ 3: How does experience level affect salary at World Magnetics?
Experience level is a significant factor in determining salary at World Magnetics, 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.
FAQ 4: How can I determine if a salary offer from World Magnetics in Grand Rapids is fair given the local cost of living?
To determine if a salary offer from World Magnetics in Grand Rapids is fair, first compare the gross salary to our data for similar roles at World Magnetics and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Grand Rapids" to understand its purchasing power.
FAQ 5: Why might an individual's actual salary at World Magnetics differ from the ranges shown here?
An individual's actual salary at World Magnetics can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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