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Magnet Consulting Salary

Magnet Consulting Salary

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As of October 2026, the average annual salary for employees at Magnet Consulting in the United States is $88,688. This translates to an approximate hourly wage of $43. Salaries at Magnet Consulting typically range from $77,945 to $100,344 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magnet Consulting Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnet Consulting. Based on our data, the highest paying job is the Managing Principal, with an annual salary of $155,615. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Magnet Consulting’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Consulting'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
Saterman Connect LLC $106,071
+19.6%
Adjusted for higher cost-of-living indices in Saterman Connect LLC's primary metro hubs.
Slalom Consulting LLC $98,328
+10.9%
Supported by Slalom Consulting LLC's high-margin contracts allowing higher overhead.
Managed Health Connections $84,500
-4.7%
Reflects market rates for standard general contracting, differing from specialized roles.
SAS Solution LLC $80,407
-9.3%
SAS Solution LLC focuses strategically on recruiting and training entry-level apprentices.
Business Services Industry $120,931
+36.4%
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 Magnet Consulting's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Magnet Consulting. Click a company name to learn more.

Employee Reviews: Working at Magnet Consulting

Considering a career at Magnet Consulting? 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.
Company culture promotes innovation and cross-functional collaboration. I’ve grown both professionally and personally here and truly feel like part of a community committed to shared success. This company provides an ideal mix of structure and flexibility. Regular team-building activities help foster strong relationships. I’m so grateful for the generous paid time off.
Commented in May 29, 2025
12
2
Company culture promotes continuous learning. Promotions are possible, and often depend on team structure. Working here has been an enriching journey. The company encourages continuous learning through training programs and mentorship, and the leadership is transparent and supportive.
Commented in March 27, 2025
14
3
Employees are respected and treated fairly, but recognition is infrequent. The organization excels in fostering a collaborative and inclusive environment. Training exists, but its quality depends on department. This inclusive approach enriches our problem-solving capabilities and strengthens our team, reflecting positively in our client interactions and overall success. Most processes are well-def...
Commented in December 26, 2024
21
1

Magnet Consulting Overview

Website
www.magnetconsulting.com
Founded In
2012
Employees
<25 employees
Industry
Business Services
Headquarter Address
455 S Livernois Rd Rochester Michigan MI 48307
Revenue
<$5 Million
Phone Number
+1 8446246383
Social Media
About Magnet Consulting
Magnet Consulting, a Certified Women-Owned strategic HR consulting firm that focuses on employee selection, leadership development, and organizational culture, also facilitates The Mettle Foundry Development Center.

What Benefits Does Magnet Consulting Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Consulting 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 Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Magnet Consulting.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Magnet Consulting, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Magnet Consulting salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Consulting

1. How much does a Magnet Consulting employee make?

Magnet Consulting pays its employees an average of $88,688 per year. The average salary at Magnet Consulting range from $77,945 to $100,344 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.

2. Which similar company tend to pay more or less than Magnet Consulting?

The salary at Magnet Consulting is lesser than the similar company. The average annual salary at Magnet Consulting is $88,688, or an hourly wage of $43, in comparison to Saterman Connect LLC which pays $106,071 per year or $51 per hour.

3. How much does a Managing Principal typically earn at Magnet Consulting?

A Managing Principal at Magnet Consulting typically earns an average annual base salary of around $155,615, with a general range of $148,848 to $161,281.

4. Do employees with advanced degrees (Master's, PhD) earn more at Magnet Consulting?

In many roles at Magnet Consulting, 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.

5. How does the cost of living near Detroit affect the perceived value of a Magnet Consulting salary?

Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). This significantly impacts the purchasing power of a salary from Magnet Consulting based there. Our "Cost of Living Insights for Detroit" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Magnet Consulting typically offer employees?

Magnet Consulting 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 Magnet Consulting" section on this page.

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