Mechanical Engineer Salary at Magna Inc BETA

How much does a Magna Inc Mechanical Engineer make?

As of May 2025, the average annual salary for a Mechanical Engineer at Magna Inc is $133,079, which translates to approximately $64 per hour. Salaries for Mechanical Engineer at Magna Inc typically range from $122,666 to $143,747, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Magna Inc Overview

Website:
magnaglobal.com
Size:
500 - 1,000 Employees
Revenue:
$50M - $200M
Industry:
Financial Services

MAGNA is the centralized IPG Mediabrands resource that develops intelligence, investment and innovation strategies for agency teams and clients. We utilize our insights, forecasts and strategic relationships to provide clients with a competitive marketplace advantage.

See similar companies related to Magna Inc

What Skills Does a person Need at Magna Inc?

At Magna Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Mechanical Engineering: Mechanical engineering is the discipline that applies engineering, physics, engineering mathematics, and materials science principles to design, analyze, manufacture, and maintain mechanical systems. It is one of the oldest and broadest of the engineering disciplines. The mechanical engineering field requires an understanding of core areas including mechanics, dynamics, thermodynamics, materials science, structural analysis, and electricity. In addition to these core principles, mechanical engineers use tools such as computer-aided design (CAD), computer-aided manufacturing (CAM), and product life cycle management to design and analyze manufacturing plants, industrial equipment and machinery, heating and cooling systems, transport systems, aircraft, watercraft, robotics, medical devices, weapons, and others. It is the branch of engineering that involves the design, production, and operation of machinery.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. HVAC: Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.
  4. CAD: Computer-aided design is the use of computers to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Magna Inc

Job Title Average Magna Inc Salary Hourly Rate
2 Account Manager, Digital $74,977 $36
3 Administrator $62,716 $30
4 Area General Manager $342,127 $164
5 Artist $64,585 $31
6 Assembler and Operator $50,732 $24
7 Assembly Associate $46,799 $22
8 Assistant Controller $196,308 $94
9 Automation Engineer $133,079 $64
10 Business Unit Leaders $158,484 $76
11 Cleaner $35,006 $17
12 Cnc Operator $66,768 $32
13 Cnc Programmer $87,827 $42

Hourly Pay at Magna Inc

The average hourly pay at Magna Inc for a Mechanical Engineer is $64 per hour. The location, department, and job description all have an impact on the typical compensation for Magna Inc positions. The pay range and total remuneration for the job title are shown in the table below. Magna Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $133,079 look to you?

FAQ about Salary and Jobs at Magna Inc

1. How much does Magna Inc pay per hour?
The average hourly pay is $64. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Magna Inc?
According to the data, the highest approximate salary is about $143,747 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Magna Inc?
According to the data, the lowest estimated salary is about $122,666 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.