Magnetic Technologies Ltd Salary

Magnetic Technologies Ltd Salary

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As of July 2026, the average annual salary for employees at Magnetic Technologies Ltd in the United States is $93,181. This translates to an approximate hourly wage of $45. Salaries at Magnetic Technologies Ltd typically range from $82,069 to $105,148 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magnetic Technologies Ltd

Ready for your next career move? Explore current job openings at Magnetic Technologies Ltd. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Magnetic Technologies Ltd’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetic Technologies Ltd'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
FK Rod Ends $95,164
+2.1%
Indicates identical technical requirements and experience levels between the two firms.
Santram Engineers Pvt Ltd $88,202
-5.3%
Santram Engineers Pvt Ltd may offer non-monetary perks in lieu of competitive base salaries.
Torque Transmission $86,546
-7.1%
Reflects market rates for standard general contracting, differing from specialized roles.
Rhea MP Systems LLC $88,034
-5.5%
Normalized for lower cost-of-living zones where Rhea MP Systems LLC primarily operates.
MFG Durable Industry $121,746
+30.7%
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 Magnetic Technologies Ltd's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnetic Technologies Ltd

Considering a career at Magnetic Technologies Ltd? 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.
The work here is routine and structured, which some may find comforting. Safety standards are rigorous and consistently maintained, which creates a reassuring atmosphere. The culture encourages continuous improvement, and new ideas are welcomed. Detailed planning minimizes errors and rework.
Commented in May 23, 2025
39
0
Training is hands-on, and expectations are clear. Career advancement opportunities are available. Shift work can be demanding, with varying levels of flexibility depending on management. The culture is professional but sometimes bureaucratic, with resistance to rapid change and innovation. In a traditional industry, they actively embrace automation, smart factory solutions, and sustainable manufac...
Commented in July 31, 2024
31
0
The team spirit is strong, and colleagues are always willing to assist one another. Our shift supervisors are approachable and solution-oriented. Their commitment to lean principles, efficiency, and continuous improvement sets a high standard. The production facilities are modern and well-maintained, with cutting-edge automation that enhances our work rather than replacing it.
Commented in January 13, 2024
13
3

Magnetic Technologies Ltd Overview

Website
www.magnetictech.com
Founded In
1984
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
31 Highland Dr Putnam Connecticut CT 06260
Revenue
$5 Million - $10 Million
Phone Number
+1 5089873303
Social Media
About Magnetic Technologies Ltd
In 1984, Magnetic Technologies was founded with the aim of supplying high quality, American-made, magnetic brakes to the wire and cable industry. Over the years, we have created a wide range of product-lines serving a variety of industries. We continue to keep these founding principles central to our business. Today, our products include magnetic shaft couplings, permanent magnet hysteresis and ed

What Benefits Does Magnetic Technologies Ltd Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetic Technologies Ltd 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 Bridgeport?

Understanding the cost of living near Bridgeport is key to truly evaluating a salary offer or your current compensation at Magnetic Technologies Ltd.
Bridgeport's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.9% more than CT average). Largest CT city, more affordable housing than Fairfield County, but overall costs above US avg. GBT bus, Metro-North. When planning your budget based on a salary from Magnetic Technologies Ltd, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Magnetic Technologies Ltd salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 (High heating/electric) Electricity, Heating, Cooling, Water etc.
Public Transportation $63 (GBT 31-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,723 - $4,223+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetic Technologies Ltd

1. What is the typical salary range (low to high) for most roles at Magnetic Technologies Ltd?

The typical annual salary range for most roles at Magnetic Technologies Ltd is approximately from $82,069 to $105,148. 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. How much does Magnetic Technologies Ltd pay compared to FK Rod Ends?

The average annual salary at Magnetic Technologies Ltd is $93,181, or an hourly wage of $45, in comparison to FK Rod Ends which pays $95,164 per year or $46 per hour.

3. Do salaries differ significantly between departments at Magnetic Technologies Ltd?

Yes, salaries often differ between departments at Magnetic Technologies Ltd due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Magnetic Technologies Ltd?

Experience level is a significant factor in determining salary at Magnetic Technologies Ltd, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Magnetic Technologies Ltd in Bridgeport is fair given the local cost of living?

To determine if a salary offer from Magnetic Technologies Ltd in Bridgeport is fair, first compare the gross salary to our data for similar roles at Magnetic Technologies Ltd and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Bridgeport" to understand its purchasing power.

6. What are the key factors that influence salary levels at Magnetic Technologies Ltd?

Several key factors influence salary levels at Magnetic Technologies Ltd. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Magnetic Technologies Ltd likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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