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Magnivision Salary

Magnivision Salary

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As of September 2026, the average annual salary for employees at Magnivision in the United States is $98,033. This translates to an approximate hourly wage of $47. Salaries at Magnivision typically range from $86,366 to $110,721 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magnivision Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnivision. Based on our data, the highest paying job is the Co-Founder, with an annual salary of $758,862. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Magnivision’s Pay Competitive? Salary Benchmarking Analysis

How does Magnivision'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
Hong Kong Bright Sapphire Co Ltd $87,844
-10.4%
Reflects market rates for standard general contracting, differing from specialized roles.
Real Shades $102,294
+4.3%
Supported by Real Shades's high-margin contracts allowing higher overhead.
Adaptilens $106,820
+9.0%
Influenced by prevailing union wage agreements specific to Adaptilens's sector.
Clinitude $100,744
+2.8%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Biotechnology Industry $130,524
+33.1%
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 Magnivision's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnivision

Considering a career at Magnivision? 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 atmosphere is collegial and it is overly collaborative. This company is a fantastic place for anyone passionate about biotechnology. Forward-thinking company with excellent leadership. It’s a safe and supportive space to learn, explore new scientific ideas, and even challenge a_s_sumptions, which is vital for innovation. I’m excited about the future here and the work we’re doing to change live...
Commented in April 26, 2025
46
0
Passionate team, great mission. The ethical standards upheld by this company are exceptionally high. It feels good to have your contributions acknowledged by peers and leaders. This biotech firm stands out for its positive and inclusive culture. Leadership communicates clearly and is approachable.
Commented in March 26, 2025
37
1
Transparent leadership and employee recognition promote a positive and productive work environment. The biotech projects are both technically challenging and socially relevant. They provide excellent facilities, access to state-of-the-art tools, and support for innovation.
Commented in March 27, 2024
42
3

Magnivision Overview

Website
www.magnivision.com
Founded In
1993
Employees
<25 employees
Industry
Biotechnology
Headquarter Address
500 Washington Hwy Smithfield Rhode Island RI 02917
Revenue
<$5 Million
Phone Number
+1 9549869000
Social Media
About Magnivision
Magnivision is the leading brand in the domestic non-prescription reading glasses market. We offer optical-quality lenses that are comfortable to wear and are made with state-of-the-art materials that are built to last. Magnivision became the leading brand by introducing non-prescription reading glasses to the mass market in the 1980's. Magnivision's premium product lines, Titanium and Hyperflexx,

What Benefits Does Magnivision Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnivision 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 Providence?

Understanding the cost of living near Providence is key to truly evaluating a salary offer or your current compensation at Magnivision.
Providence's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.2% more than RI average). State capital, arts/culture (RISD, Brown), housing above US avg. RIPTA bus, Commuter Rail. When planning your budget based on a salary from Magnivision, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Magnivision salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (RIPTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,980 - $4,630+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnivision

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

The typical annual salary range for most roles at Magnivision is approximately from $86,366 to $110,721. 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 Magnivision pay compared to Hong Kong Bright Sapphire Co Ltd?

The average annual salary at Magnivision is $98,033, or an hourly wage of $47, in comparison to Hong Kong Bright Sapphire Co Ltd which pays $87,844 per year or $42 per hour.

3. Do salaries differ significantly between departments at Magnivision?

Yes, salaries often differ between departments at Magnivision 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 Magnivision?

Experience level is a significant factor in determining salary at Magnivision, 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 Magnivision in Providence is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Magnivision?

Several key factors influence salary levels at Magnivision. 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: Magnivision likely benchmarks its salaries against other companies in the Biotechnology sector. You can explore how these factors play out in our detailed salary data.

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