Magneto IT Solutions Salary

As of July 2026, the average annual salary for employees at Magneto IT Solutions in the United States is $114,319. This translates to an approximate hourly wage of $55. Salaries at Magneto IT Solutions typically range from $100,716 to $128,987 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magneto IT Solutions Pay for Different Roles?

Explore detailed salary information for specific jobs at Magneto IT Solutions. Based on our data, the highest paying job is the Sales Executive, with an annual salary of $263,421. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Magneto IT Solutions

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

Is Magneto IT Solutions’s Pay Competitive? Salary Benchmarking Analysis

How does Magneto IT Solutions'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
Shortcut Software Co $112,020
-2.0%
Indicates identical technical requirements and experience levels between the two firms.
CampaignBreeze $112,610
-1.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
NanoSoft LLC $98,529
-13.8%
Normalized for lower cost-of-living zones where NanoSoft LLC primarily operates.
Raxar Technology Corp $90,017
-21.3%
Raxar Technology Corp operates with a leaner overhead structure, impacting base wage offers.
Software & Networking Industry $126,859
+11.0%
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 Magneto IT Solutions

Considering a career at Magneto IT Solutions? 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 leadership team is inspiring, and the company promotes a healthy work environment. I’ve gained valuable experience here, and the leadership team is fantastic. I’ve been with this company for over three years, and it’s been a rewarding journey. The company provides necessary tools, and the workload is manageable.
The leadership encourages innovation, and employees’ ideas are often considered. Work-life balance is respected, and remote work options are available when needed. Satisfied with career growth here.
The leadership encourages innovation, and there’s a real sense of teamwork. The company supports career growth with training and mentorship. A positive workplace with great leadership. Coworkers are friendly, and teamwork is encouraged. The wholesale operations are efficient, and schedules are reliable. The wholesale division is well-run, and employees are recognized for hard work.

Magneto IT Solutions Overview

Website
www.magnetoitsolutions.com
Founded In
2009
Employees
<25 employees
Industry
Software & Networking
Headquarter Address
347 5th Ave New York City New York NY 10016
Revenue
$10 Million - $50 Million
Phone Number
+1 6462058151
Social Media
About Magneto IT Solutions
Magneto is a leading provider of ecommerce store development services for both prevailing and prospective online stores. The experts at Magneto will not only escalate your business prospects, but will also develop your business in order to sustain long-lasting growth. Magneto has strong grasp over Yahoo store development because we have experienced and professional developers, designers who work a

What Benefits Does Magneto IT Solutions Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magneto IT Solutions 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 New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Magneto IT Solutions.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Magneto IT Solutions, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Magneto IT Solutions salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magneto IT Solutions

1. What is the typical salary range (low to high) for most roles at Magneto IT Solutions?

The typical annual salary range for most roles at Magneto IT Solutions is approximately from $100,716 to $128,987. 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 Magneto IT Solutions pay compared to Shortcut Software Co?

The average annual salary at Magneto IT Solutions is $114,319, or an hourly wage of $55, in comparison to Shortcut Software Co which pays $112,020 per year or $54 per hour.

3. Do salaries differ significantly between departments at Magneto IT Solutions?

Yes, salaries often differ between departments at Magneto IT Solutions 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 Magneto IT Solutions?

Experience level is a significant factor in determining salary at Magneto IT Solutions, 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 Magneto IT Solutions in New York is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Magneto IT Solutions?

Several key factors influence salary levels at Magneto IT Solutions. 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: Magneto IT Solutions likely benchmarks its salaries against other companies in the Software & Networking sector. You can explore how these factors play out in our detailed salary data.