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Magna Machine & Tool Co Inc Salary

Magna Machine & Tool Co Inc Salary

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As of September 2026, the average annual salary for employees at Magna Machine & Tool Co Inc in the United States is $86,504. This translates to an approximate hourly wage of $42. Salaries at Magna Machine & Tool Co Inc typically range from $76,167 to $97,661 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magna Machine & Tool Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magna Machine & Tool Co Inc. Based on our data, the highest paying job is the President, with an annual salary of $669,618. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Magna Machine & Tool Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magna Machine & Tool Co 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
Paul Robert Inc $87,949
+1.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Gerett Products Division of Western Industries $90,850
+5.0%
Influenced by prevailing union wage agreements specific to Gerett Products Division of Western Industries's sector.
GC Dies LLC $98,814
+14.2%
Adjusted for higher cost-of-living indices in GC Dies LLC's primary metro hubs.
Fancort Industries Inc $105,786
+22.3%
Driven by niche technical certifications required for Fancort Industries Inc's specialized projects.
MFG Durable Industry $121,746
+40.7%
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.

How Magna Machine & Tool Co Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Magna Machine & Tool Co Inc. Click a company name to learn more.

Employee Reviews: Working at Magna Machine & Tool Co Inc

Considering a career at Magna Machine & Tool Co 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.
Management is approachable and responsive, creating an environment where you feel heard and respected, which is very important. Cross-functional collaboration is encouraged, providing exposure to different aspects of the business. Teams collaborate well, and there’s a strong emphasis on keeping everything running efficiently. It’s a decent place to earn a steady paycheck with minimal surprises or ...
Commented in February 11, 2025
33
2
Expectations are clear, and results are measured precisely. I enjoy the camaraderie on the production line. I feel like part of a team that values quality and safety. Innovation is not always prioritized, which may limit excitement for some staff. Cross-training helps grow skills.
Commented in December 25, 2024
24
3
It feels good to work for an organization that gives back and cares about more than just the bottom line, creating a sense of broader social responsibility. Supervisors provide clear guidance and support. Leadership is visible but doesn’t always follow through quickly on suggestions or feedback. It’s a solid job where you feel like a valuable part of the team.
Commented in November 04, 2024
21
3
Training is offered but can be generic. The team dynamic on the floor is excellent, and support from engineering and logistics is consistent. In an ever-changing industry, they've consistently shown strength and a forward-thinking approach. Flexible shifts support work-life balance, and the workplace culture values diversity and respect. Tasks are repeated often and executed with efficiency. Effic...
Commented in June 08, 2024
38
3
Recognition programs motivate and reward hard work consistently. It’s a rewarding place to contribute. The organization focuses on employee well-being and process improvement. The blend of skilled tradespeople and advanced automation creates an exciting work environment. You’re encouraged to grow your skillset through additional training.
Commented in February 07, 2024
50
1

Magna Machine & Tool Co Inc Overview

Website
www.magnamachine.com
Founded In
1975
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
3722 N Messick Rd New Castle Indiana IN 47362
Revenue
$10 Million - $50 Million
Phone Number
+1 7657665388
Social Media
About Magna Machine & Tool Co Inc
Magna Machine and Toolis East-Central Indiana's leader specializing in contract machining and assembly services for Automotive, Medical and Glass industries to name a few. With years of experience and a highly skilled workforce, our services range from Design/Build of custom machinery to turnkey production of castings; all backed by a reputation for surpassing customer requirements and exceeding e

What Benefits Does Magna Machine & Tool Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magna Machine & Tool Co 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Magna Machine & Tool Co Inc.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Magna Machine & Tool Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Magna Machine & Tool Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magna Machine & Tool Co Inc

1. What is the estimated average total compensation at Magna Machine & Tool Co Inc?

Salary.com estimates that the average total compensation package at Magna Machine & Tool Co Inc, which can include base salary, potential bonuses, and benefits, is around $86,504 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magna Machine & Tool Co Inc pay compared to Paul Robert Inc?

The average annual salary at Magna Machine & Tool Co Inc is $86,504, or an hourly wage of $42, in comparison to Paul Robert Inc which pays $87,949 per year or $42 per hour.

3. Do salaries differ significantly between departments at Magna Machine & Tool Co Inc?

Yes, salaries often differ between departments at Magna Machine & Tool Co 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magna Machine & Tool Co Inc?

Salary progression from an entry-level to a senior role at Magna Machine & Tool Co Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Magna Machine & Tool Co Inc in Indianapolis is fair given the local cost of living?

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

6. Are promotions at Magna Machine & Tool Co Inc usually accompanied by a significant salary increase?

Yes, promotions at Magna Machine & Tool Co Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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