Salary AI Book a Demo
Magnum Precision Machines Inc Salary

Magnum Precision Machines Inc Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of August 2026, the average annual salary for employees at Magnum Precision Machines Inc in the United States is $85,407. This translates to an approximate hourly wage of $41. Salaries at Magnum Precision Machines Inc typically range from $75,113 to $96,576 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Is Magnum Precision Machines Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnum Precision Machines Inc'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
Cassius Group Ltd $96,704
+13.2%
Influenced by prevailing union wage agreements specific to Cassius Group Ltd's sector.
The Hospitality Sweet $89,373
+4.6%
Driven by niche technical certifications required for The Hospitality Sweet's specialized projects.
Mrs G $97,421
+14.1%
Data suggests Mrs G's workforce skews heavily towards veteran, high-tenure roles.
SW Electric Supply Inc $87,717
+2.7%
Confirms SW Electric Supply Inc is a direct competitor vying for the exact same talent pool.
Retail & Wholesale Industry $123,318
+44.4%
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 Magnum Precision Machines Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnum Precision Machines Inc

Considering a career at Magnum Precision Machines Inc? 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.
While there aren’t many standout perks, the job stability is good. My time at this company has been stable and professional. The workplace culture is positive, with team-building activities and recognition for hard work. The company operates smoothly, and the team is professional. Career growth opportunities are a highlight here.
Commented in April 12, 2025
38
2
Training is provided when needed, and the team is cooperative. This company values its employees. Management listens to employee feedback and implements positive changes. Managers listen to feedback and act on it.
Commented in February 13, 2025
26
3
The culture is welcoming, and management is supportive of new ideas. The workplace is well-maintained, and tasks are clearly assigned. The mentorship programs are fantastic, and promotions are based on merit. The work environment is energetic, and colleagues are supportive. The work-life balance is fair, and the benefits package is solid. The team is cooperative, and the company provides fair bene...
Commented in August 12, 2024
30
3

Magnum Precision Machines Inc Overview

Website
www.magnumprecisionmachines.com
Founded In
1984
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
8448 Washington Pl NE Albuquerque New Mexico NM 87113
Revenue
<$5 Million
Phone Number
+1 5053458389
Social Media
About Magnum Precision Machines Inc
MAGNUM PRECISION MACHINES is a full-service supplier of metal cutting and fabrication equipment. We proudly supply the finest of quality products from the world's leading machine tool manufacturers. Our inventory includes both new and used machines to fit your budget and capacity needs. Magnum is well known in the metals equipment industry for our unsurpassed service, technical support, expert tra

What Benefits Does Magnum Precision Machines Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnum Precision Machines Inc 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)
Work at Magnum Precision Machines Inc?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Albuquerque?

Understanding the cost of living near Albuquerque is key to truly evaluating a salary offer or your current compensation at Magnum Precision Machines Inc.
Albuquerque's Cost of Living Index is approximately 91.1 (8.9% less expensive than US average; 2.7% less than NM average). Largest NM city, unique culture, affordable housing. ABQ RIDE, Rail Runner. When planning your budget based on a salary from Magnum Precision Machines Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Magnum Precision Machines Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (ABQ RIDE monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,220 - $3,530+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnum Precision Machines Inc

1. What is the estimated average total compensation at Magnum Precision Machines Inc?

Salary.com estimates that the average total compensation package at Magnum Precision Machines Inc, which can include base salary, potential bonuses, and benefits, is around $85,407 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Magnum Precision Machines Inc pay compared to Cassius Group Ltd?

The average annual salary at Magnum Precision Machines Inc is $85,407, or an hourly wage of $41, in comparison to Cassius Group Ltd which pays $96,704 per year or $46 per hour.

3. Do salaries differ significantly between departments at Magnum Precision Machines Inc?

Yes, salaries often differ between departments at Magnum Precision Machines Inc 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Magnum Precision Machines Inc?

Salary progression from an entry-level to a senior role at Magnum Precision Machines Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Magnum Precision Machines Inc in Albuquerque is fair given the local cost of living?

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

6. Are promotions at Magnum Precision Machines Inc usually accompanied by a significant salary increase?

Yes, promotions at Magnum Precision Machines Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning