Magnet-Schultz GmbH & Co KG Salary

As of August 2026, the average annual salary for employees at Magnet-Schultz GmbH & Co KG in the United States is $101,430. This translates to an approximate hourly wage of $49. Salaries at Magnet-Schultz GmbH & Co KG typically range from $89,280 to $114,550 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at Magnet-Schultz GmbH & Co KG

Ready for your next career move? Explore current job openings at Magnet-Schultz GmbH & Co KG. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Magnet-Schultz GmbH & Co KG’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet-Schultz GmbH & Co KG'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
Blachford AM Ltd $101,008
-0.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Petro Extrusion Technologies Inc $102,938
+1.5%
Confirms Petro Extrusion Technologies Inc is a direct competitor vying for the exact same talent pool.
American High Voltage Inc $75,408
-25.7%
American High Voltage Inc may offer non-monetary perks in lieu of competitive base salaries.
Marpac Industries $101,029
-0.4%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $121,746
+20.0%
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.

Employee Reviews: Working at Magnet-Schultz GmbH & Co KG

Considering a career at Magnet-Schultz GmbH & Co KG? 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.
Safety standards are rigorous and consistently maintained, which creates a reassuring atmosphere. Coworkers are friendly, and managers communicate openly. It's rare to find a manufacturer that treats its workforce so well.
Expectations are communicated clearly, and leadership takes the time to support staff with resources and tools. I’ve had a great experience working with people who take pride in their work. Safety standards are high, and equipment is well-maintained. Everyone works together to meet goals without unnecessary pressure.
Management is approachable and genuinely listens to employee feedback, making improvements based on our input. The production process is efficient, and everyone’s role is valued. a strong sense of camaraderie and mutual support, making it a great place to work. Training is sufficient but could be more comprehensive. It’s rare to find such consistency and positive culture in manufacturing today. Th...
Communication is clear but sometimes inconsistent. It helps me stay focused and efficient without feeling overwhelmed or burned out. Management fosters a culture of mutual respect and continuous learning. Team interactions are courteous but minimal.

Magnet-Schultz GmbH & Co KG Overview

Website
www.magnet-schultz.cn
Founded In
Data pending, update soon.
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
401 Plaza Dr Westmont Illinois IL 60559
Revenue
$5 Million - $10 Million
Phone Number
+1 6307890600
Social Media
About Magnet-Schultz GmbH & Co KG
Magnet-Schultz Specialist for elektromagnetic actuators and sensors - Solenoid, Proportional, Actuator, Actuators, Vibratory, Shotbolt Lock Unit, Rotary, Sensor, Electromagnetic Device, Holding Magnet, Lvdt, On/Off Solenoids, Units, Sensors, Locking, Magnets, Electrical Valve, Devices, Magnetic, Engineering, Coil, Moving, Vacuum, Door, Valves, Ac, Pneumatic, Solenoidvalve

What Benefits Does Magnet-Schultz GmbH & Co KG Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet-Schultz GmbH & Co KG 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)
Work at Magnet-Schultz GmbH & Co KG?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

illustration

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Magnet-Schultz GmbH & Co KG.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Magnet-Schultz GmbH & Co KG, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Magnet-Schultz GmbH & Co KG salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet-Schultz GmbH & Co KG

1. What is the estimated average total compensation at Magnet-Schultz GmbH & Co KG?

Salary.com estimates that the average total compensation package at Magnet-Schultz GmbH & Co KG, which can include base salary, potential bonuses, and benefits, is around $101,430 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magnet-Schultz GmbH & Co KG pay compared to Blachford AM Ltd?

The average annual salary at Magnet-Schultz GmbH & Co KG is $101,430, or an hourly wage of $49, in comparison to Blachford AM Ltd which pays $101,008 per year or $49 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magnet-Schultz GmbH & Co KG?

Salary progression from an entry-level to a senior role at Magnet-Schultz GmbH & Co KG 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.

4. How can I determine if a salary offer from Magnet-Schultz GmbH & Co KG in Chicago is fair given the local cost of living?

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

5. Are promotions at Magnet-Schultz GmbH & Co KG usually accompanied by a significant salary increase?

Yes, promotions at Magnet-Schultz GmbH & Co KG 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.