MagnaDrive Corp Salary

How Much Does MagnaDrive Corp Pay?BETA

As of December 2024, the average annual salary for employees at MagnaDrive Corp in the United States is $97,295. This translates to an approximate hourly wage of $47. Salaries at MagnaDrive Corp typically range from $85,688 to $109,782 annually, reflecting the diverse roles and experience levels within the company. Individual salaries can vary significantly based on factors such as job role, experience, education level, certifications, and more. At MagnaDrive Corp, A Chief Technology Officer is among the highest earners, with an average salary of approximately $270,116 per year. Conversely, the lowest-paid position is Shipping and Receiving, earning around $37,573 annually. Explore this page further for more salary and benefits information at MagnaDrive Corp.

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.

How Much Does MagnaDrive Corp Pay for Different Roles?BETA

At MagnaDrive Corp, salaries can vary significantly based on factors such as location, industry, job category, and department. Below, we provide a detailed overview of salary ranges for various roles within the company.

It's important to note that salaries for the same position may differ due to several factors, including experience, education level, training, skills, and competencies. For instance, Chief Technology Officer positions at MagnaDrive Corp offer the highest average annual salary of $270,116, while Shipping and Receiving roles have an average annual salary of $37,573.

JOB TITLE SALARY RANGE AVERAGE SALARY COMPANY NAME
Chief Technology Officer $239,489 - $302,727 $270,116 MagnaDrive Corp
Executive VP, Marketing $227,368 - $281,331 $252,680 MagnaDrive Corp
Controller $192,188 - $258,120 $225,430 MagnaDrive Corp
Regional Sales Manager $98,384 - $129,400 $113,068 MagnaDrive Corp
Senior Supply Chain Analyst $76,241 - $90,924 $83,285 MagnaDrive Corp
Applications Engineer $64,433 - $77,109 $71,013 MagnaDrive Corp
Dimensional Engineer $62,930 - $72,786 $67,963 MagnaDrive Corp
Drafter $60,503 - $74,835 $67,398 MagnaDrive Corp
Maintenance Technician $53,649 - $66,371 $60,050 MagnaDrive Corp
Assembly Maintenance Technician $34,598 - $43,382 $39,076 MagnaDrive Corp
Shipping and Receiving $34,806 - $40,706 $37,573 MagnaDrive Corp
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.
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MagnaDrive Corp Overview

Website:
magnadrive.com
Size:
<25 Employees
Industry:
MFG Durable
Revenue:
$5M - $10M
About:
MagnaDrive Corporation was founded in 1999 in Bellevue, Washington. MagnaDrive's patented technology uses high power Neodymium-Iron-Boron permanent magnets to create an induced electromotive force used for torque transfer. The system physically separates the two elements of the motor system, placing...

Most Common Benefits for MagnaDrive Corp

Aside from the base salary, MagnaDrive Corp offers its employees a list of benefits. Employee benefits are an important factor in considering a position posted by the company.
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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Job Openings at MagnaDrive Corp

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Similar Company Salary

Companies in the same industry have the same employee size, company type, similar revenue are similar companies. The table below shows the salary range and average salary of MagnaDrive Corp ’s peer companies.
Hi-Sun Bearings Renton, WA $86,201 - $110,440 Company Salary Range $97,875 Average Company Salary
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EMCO Engineering Santa Fe Springs, CA $86,101 - $110,306 Company Salary Range $97,759 Average Company Salary
Maher Associates Manchester, CT $84,543 - $108,306 Company Salary Range $95,987 Average Company Salary
Torque Technologies Inc Sarasota, FL $75,398 - $96,600 Company Salary Range $85,608 Average Company Salary
Protective Industrial Polymers North Ridgeville, OH $77,624 - $99,502 Company Salary Range $88,150 Average Company Salary
Precision Manufacturing Port Ewen, NY $85,477 - $109,574 Company Salary Range $97,073 Average Company Salary
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FAQs About MagnaDrive Corp Company

1. How much does MagnaDrive Corp in the United States pay?

MagnaDrive Corp pays its employees an average of $97,295 per year. The average salary at MagnaDrive Corp range from $85,688 to $109,782 per year. Chief Technology Officer jobs at MagnaDrive Corp earn the most with an average annual salary of $270,116, while Shipping and Receiving jobs earn the least with an average annual salary of $37,573.

2. Do MagnaDrive Corp employees get a higher salary than other similar companies?

The salary at MagnaDrive Corp is lesser than Hi-Sun Bearings. The highest salary package reported for an employee at MagnaDrive Corp is $109,782 per year, meanwhile the highest salary package reported for an employee at Hi-Sun Bearings is $110,440 per year.

3. How much does MagnaDrive Corp pay compared to Hi-Sun Bearings?

The average annual salary at MagnaDrive Corp is $97,295, or an hourly wage of $47, in comparison to Hi-Sun Bearings which pays $97,875 per year or $47 per hour.

4. Which job skills can boost an Applications Engineer salary at MagnaDrive Corp?

Application Security, Analysis and Java are key to an Applications Engineer job at MagnaDrive Corp. Possessing these skills could lead to a higher salary. You can learn and develop high income skills now if you’re looking for a position at MagnaDrive Corp.

5. What is the lowest salary at MagnaDrive Corp?

The lowest paying job at MagnaDrive Corp is Shipping and Receiving with an annual salary of $37,573 or an hourly rate of $47.