Mag Aerospace Salary

Mag Aerospace pays its employees an average of $98,580 per year. The average salary at Mag Aerospace range from $86,700 to $111,757 per year. 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.

The salary at Mag Aerospace is higher than the similar company. The average annual salary at Mag Aerospace is $98,580, or an hourly wage of $47, in comparison to MHS HOLDINGS, INC which pays $83,990 per year or $40 per hour.

In many roles at Mag Aerospace, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Washington D.C.'s Cost of Living Index is approximately 148.7 (48.7% more expensive than US average). This significantly impacts the purchasing power of a salary from Mag Aerospace based there. Our "Cost of Living Insights for Washington" module details this impact, helping you assess the 'real feel' value of your compensation.

Mag Aerospace generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Mag Aerospace" section on this page.