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Magnet Lending Corp Salary

Magnet Lending Corp Salary

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As of October 2026, the average annual salary for employees at Magnet Lending Corp in the United States is $88,941. This translates to an approximate hourly wage of $43. Salaries at Magnet Lending Corp typically range from $77,991 to $100,831 annually, reflecting the diverse roles and experience levels within the company.
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Is Magnet Lending Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Lending Corp'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
Transamerica Consumer Receivable Funding Inc $97,843
+10.0%
Driven by niche technical certifications required for Transamerica Consumer Receivable Funding Inc's specialized projects.
First Empire Mortgage Corp $105,069
+18.1%
Data suggests First Empire Mortgage Corp's workforce skews heavily towards veteran, high-tenure roles.
Stewards Holding LLC $87,717
-1.4%
Confirms Stewards Holding LLC is a direct competitor vying for the exact same talent pool.
RR - May Land Holdings Ltd $92,654
+4.2%
Supported by RR - May Land Holdings Ltd's high-margin contracts allowing higher overhead.
Financial Services Industry $121,514
+36.6%
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 Lending Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnet Lending Corp

Considering a career at Magnet Lending Corp? 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.
Workload distribution is managed thoughtfully. Career growth is encouraged through structured development programs and access to industry-leading training. Compensation and benefits are competitive, including strong retirement plans and wellness programs. There isn’t much room to innovate, but deadlines and responsibilities are consistently met. Supportive culture with excellent training opportuni...
Commented in May 03, 2025
12
3
Collaboration is encouraged it is consistent. Supportive management and consistent feedback have made a difference in my growth. Public transit options abound. Leaders are approachable, team members are collaborative, and the organization values high standards and continuous improvement. The company culture actively promotes inclusivity and celebrates diverse perspectives, making it a welcoming p...
Commented in March 02, 2025
42
1
There is strong focus on compliance and risk management, which sometimes affects decision-making and innovation. Professionalism and integrity are deeply valued. For an organization of employees, maintaining such a high standard of integrity and trust is commendable.
Commented in March 01, 2024
32
0

Magnet Lending Corp Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
507 S Grand Ave Lansing Michigan MI 48933
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Magnet Lending Corp
Magnet Lending Corp is a company that operates in the Financial Services industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Lansing, Michigan.

What Benefits Does Magnet Lending Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Lending Corp 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 Lansing?

Understanding the cost of living near Lansing is key to truly evaluating a salary offer or your current compensation at Magnet Lending Corp.
Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). State capital (Michigan State Univ. nearby), affordable housing. CATA bus. When planning your budget based on a salary from Magnet Lending Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Magnet Lending Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (CATA monthly pass, free for MSU) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,010 - $3,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Lending Corp

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

Magnet Lending Corp pays its employees an average of $88,941 per year. The average salary at Magnet Lending Corp range from $77,991 to $100,831 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. Do Magnet Lending Corp employees get a higher salary than its peer company?

The salary at Magnet Lending Corp is lesser than its peer company. The average annual salary at Magnet Lending Corp is $88,941, or an hourly wage of $43, in comparison to Transamerica Consumer Receivable Funding Inc which pays $97,843 per year or $47 per hour.

3. How much does salary increase with years of experience at Magnet Lending Corp?

Salary progression with years of experience at Magnet Lending Corp is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at Magnet Lending Corp vary by office location?

Yes, it's very likely that salaries at Magnet Lending Corp vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Lansing section provides more context.

5. Does Magnet Lending Corp offer good benefits?

Magnet Lending Corp typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Magnet Lending Corp" section on this page.

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