Magnetic Products Inc Salary

How Much Does Magnetic Products Inc Pay?BETA

As of March 2025, the average annual salary for employees at Magnetic Products Inc in the United States is $96,314. This translates to an approximate hourly wage of $46. Salaries at Magnetic Products Inc typically range from $84,790 to $108,782 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 Magnetic Products Inc, A Vice President, Business Development is among the highest earners, with an average salary of approximately $224,792 per year. Conversely, the lowest-paid position is Accounting, earning around $43,832 annually. Explore this page further for more salary and benefits information at Magnetic Products Inc.

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 Magnetic Products Inc Pay for Different Roles?BETA

At Magnetic Products Inc, 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, Vice President, Business Development positions at Magnetic Products Inc offer the highest average annual salary of $224,792, while Accounting roles have an average annual salary of $43,832.

JOB TITLE SALARY RANGE AVERAGE SALARY COMPANY NAME
Vice President, Business Development $204,304 - $245,439 $224,792 Magnetic Products Inc
Controller $190,173 - $255,769 $223,157 Magnetic Products Inc
Manager, Maintenance $111,980 - $143,896 $127,729 Magnetic Products Inc
Business Development Manager $106,084 - $135,559 $120,759 Magnetic Products Inc
Design Engineer $111,178 - $122,068 $117,643 Magnetic Products Inc
Manager, Operations $89,287 - $111,506 $102,596 Magnetic Products Inc
Engineer $71,920 - $82,127 $77,134 Magnetic Products Inc
Marketing Coordinator $68,378 - $82,689 $75,180 Magnetic Products Inc
Human Resources $61,695 - $73,373 $67,473 Magnetic Products Inc
Engineer Intern $61,997 - $68,411 $65,734 Magnetic Products Inc
Purchaser $51,718 - $67,643 $59,079 Magnetic Products Inc
Purchasing Assistant $51,718 - $67,643 $59,079 Magnetic Products Inc
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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Magnetic Products Inc Overview

Website:
mpimagnet.com
Size:
50 - 100 Employees
Industry:
MFG Durable
Revenue:
$10M - $50M
About:
Based in Metro-Detroit Michigan, MPI designs, manufactures and services magnets, material handling and electronic inspection systems. MPI products are designed to be complete metal and foreign contamination control solutions for the food production and related industries. MPI's equipment and service...

Most Common Benefits for Magnetic Products Inc

Aside from the base salary, Magnetic Products Inc 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 Magnetic Products Inc

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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 Magnetic Products Inc ’s peer companies.
Keith Huber Corp Gulfport, MS $73,931 - $94,844 Company Salary Range $83,983 Average Company Salary
志摩ガスケット Toyohashi, IN $80,941 - $103,831 Company Salary Range $91,936 Average Company Salary
Pack Air Inc Neenah, WI $79,869 - $102,465 Company Salary Range $90,734 Average Company Salary
SideDrive Conveyor Co Souderton, PA $86,330 - $110,721 Company Salary Range $98,054 Average Company Salary
Model Die & Mold Inc Grand Rapids, MI $81,345 - $104,368 Company Salary Range $92,411 Average Company Salary
Duo-Gard Industries Inc Canton, MI $85,871 - $110,160 Company Salary Range $97,537 Average Company Salary
Dahti Rockford, MI $79,924 - $102,539 Company Salary Range $90,787 Average Company Salary
US COATING SYSTEMS Inc Holland, MI $77,963 - $100,027 Company Salary Range $88,572 Average Company Salary
PPC Design Novi, MI $85,642 - $109,867 Company Salary Range $97,284 Average Company Salary
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FAQs About Magnetic Products Inc Company

1. How much does Magnetic Products Inc in the United States pay?

Magnetic Products Inc pays its employees an average of $96,314 per year. The average salary at Magnetic Products Inc range from $84,790 to $108,782 per year. Vice President, Business Development jobs at Magnetic Products Inc earn the most with an average annual salary of $224,792, while Accounting jobs earn the least with an average annual salary of $43,832.

2. Do Magnetic Products Inc employees get a higher salary than other similar companies?

The salary at Magnetic Products Inc is lesser than SideDrive Conveyor Co. The highest salary package reported for an employee at Magnetic Products Inc is $108,782 per year, meanwhile the highest salary package reported for an employee at SideDrive Conveyor Co is $110,721 per year.

3. How much does Magnetic Products Inc pay compared to SideDrive Conveyor Co?

The average annual salary at Magnetic Products Inc is $96,314, or an hourly wage of $46, in comparison to SideDrive Conveyor Co which pays $98,054 per year or $47 per hour.

4. Which job skills can boost an Engineer salary at Magnetic Products Inc?

Technical Support, preventative maintenance and HVAC are key to an Engineer job at Magnetic Products Inc. 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 Magnetic Products Inc.

5. What is the lowest salary at Magnetic Products Inc?

The lowest paying job at Magnetic Products Inc is Accounting with an annual salary of $43,832 or an hourly rate of $46.