Engineer Salary at Magnetic Products Inc BETA

How much does a Magnetic Products Inc Engineer make?

As of March 2025, the average annual salary for an Engineer at Magnetic Products Inc is $77,134, which translates to approximately $37 per hour. Salaries for Engineer at Magnetic Products Inc typically range from $71,920 to $82,127, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

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.

Magnetic Products Inc Overview

Website:
mpimagnet.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
MFG Durable

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 programs help its customers minimize downtime and protect brand integrity through offering safe and reliable equipment. MPI leads the industry by continuously engineering inventive products, advancing customer education through significant investments in research and development, and proactive product training. All MPI equipment is backed by its best in class service programs, customer service team, and support team. MPI interacts closely with its customers and expands its offerings to meet the changes of a dynamic and ever changing marketplace.

See similar companies related to Magnetic Products Inc

What Skills Does a person Need at Magnetic Products Inc?

At Magnetic Products Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Technical Support: Offering hands-on assistance and solutions to end-users in addressing and troubleshooting technical issues.
  2. preventative maintenance: Developing and implementing maintenance strategies to increase equipment life expectancy and avoid unplanned downtime.
  3. HVAC: Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Plumbing: Plumbing is any system that conveys fluids for a wide range of applications. Plumbing uses pipes, valves, plumbing fixtures, tanks, and other apparatuses to convey fluids. Heating and cooling (HVAC), waste removal, and potable water delivery are among the most common uses for plumbing, but it is not limited to these applications. The word derives from the Latin for lead, plumbum, as the first effective pipes used in the Roman era were lead pipes. In the developed world, plumbing infrastructure is critical to public health and sanitation. Boilermakers and pipefitters are not plumbers although they work with piping as part of their trade and their work can include some plumbing.

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Check more jobs information at Magnetic Products Inc

Job Title Average Magnetic Products Inc Salary Hourly Rate
2 Lead Welder $57,785 $28
3 Purchaser $59,079 $28
4 Tig Welder $48,790 $23
5 Controller $223,157 $107
6 Human Resources $67,473 $32
7 Machinist $50,083 $24
8 Manager, Maintenance $127,729 $61
9 Manager, Operations $102,596 $49
10 Marketing Coordinator $75,180 $36
11 Accounting $43,832 $21
12 Business Development Manager $120,759 $58
13 Inside Sales $48,260 $23

Hourly Pay at Magnetic Products Inc

The average hourly pay at Magnetic Products Inc for an Engineer is $37 per hour. The location, department, and job description all have an impact on the typical compensation for Magnetic Products Inc positions. The pay range and total remuneration for the job title are shown in the table below. Magnetic Products Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $77,134 look to you?

FAQ about Salary and Jobs at Magnetic Products Inc

1. How much does Magnetic Products Inc pay per hour?
The average hourly pay is $37. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Magnetic Products Inc?
According to the data, the highest approximate salary is about $82,127 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Magnetic Products Inc?
According to the data, the lowest estimated salary is about $71,920 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.