MagiQ Technologies Inc Salary

As of July 2026, the average annual salary for employees at MagiQ Technologies Inc in the United States is $107,621. This translates to an approximate hourly wage of $52. Salaries at MagiQ Technologies Inc typically range from $94,806 to $121,537 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at MagiQ Technologies Inc

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Is MagiQ Technologies Inc’s Pay Competitive? Salary Benchmarking Analysis

How does MagiQ Technologies 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
Aquasil Ultra $105,754
-1.7%
Suggests Aquasil Ultra utilizes a highly similar base-plus-benefits compensation model.
Hawkins Point Partners LLC $104,752
-2.7%
Indicates identical technical requirements and experience levels between the two firms.
Q-Peak Inc $102,611
-4.7%
Q-Peak Inc operates with a leaner overhead structure, impacting base wage offers.
Daktari Diagnostics Inc $105,596
-1.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Biotechnology Industry $130,524
+21.3%
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.

Employee Reviews: Working at MagiQ Technologies Inc

Considering a career at MagiQ Technologies 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.
There’s a strong alignment between research goals and company values. Joining this biotechnology firm was a fantastic career move for me. The company’s size provides stability, but decision-making is centralized. I'm constantly learning and growing here.
Junior staff often focus on documentation and procedural tasks. The benefits package, including wellness programs, adds to the overall positive experience. This organization delivers consistent structure and reliable processes, but lacks excitement in daily work. They invest heavily in R&D, providing us with the resources needed to push boundaries. It’s a good option for those looking for stabilit...
It’s refreshing to work in a biotech company that actually prioritizes both people and science. This confidence in the company's future is reassuring for long-term career planning. It doesn’t feel overly corporate, which is refreshing. The commitment to scientific integrity and patient well-being is evident in every decision and action. I appreciate the numerous opportunities for professional deve...

MagiQ Technologies Inc Overview

Website
www.magiqtech.com
Founded In
1999
Employees
<25 employees
Industry
Biotechnology
Headquarter Address
11 Ward St Somerville Massachusetts MA 02143
Revenue
$5 Million - $10 Million
Phone Number
+1 6176618300
Social Media
About MagiQ Technologies Inc
Headquartered in Somerville, Massachusetts, MagiQ Technologies was founded in 1999 with the express purpose of researching and developing marketable applications leveraging optical processing. Led by a seasoned team of commercial engineers and research scientists, MagiQ is achieving success for a broad range of customers in aerospace & defense, telecommunications, network security, and energy expl

What Benefits Does MagiQ Technologies Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. MagiQ Technologies 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 Somerville?

Understanding the cost of living near Somerville is key to truly evaluating a salary offer or your current compensation at MagiQ Technologies Inc.
Somerville's Cost of Living Index is approximately 185.3 (85.3% more expensive than US average; 39.8% more than MA average). Dense city bordering Boston/Cambridge, extremely high housing costs, young professional/student population. MBTA Red/Green/Orange Lines. When planning your budget based on a salary from MagiQ Technologies Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,700 - $4,000+ A significant portion of MagiQ Technologies Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $510 - $780 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $850+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,470 - $6,910+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MagiQ Technologies Inc

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

The typical annual salary range for most roles at MagiQ Technologies Inc is approximately from $94,806 to $121,537. 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 MagiQ Technologies Inc pay compared to Aquasil Ultra?

The average annual salary at MagiQ Technologies Inc is $107,621, or an hourly wage of $52, in comparison to Aquasil Ultra which pays $105,754 per year or $51 per hour.

3. Do salaries differ significantly between departments at MagiQ Technologies Inc?

Yes, salaries often differ between departments at MagiQ Technologies 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 MagiQ Technologies Inc?

Experience level is a significant factor in determining salary at MagiQ Technologies 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 MagiQ Technologies Inc in Somerville is fair given the local cost of living?

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

6. What factors influence salary increases at MagiQ Technologies Inc?

Salary increases at MagiQ Technologies 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.