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Magnus Screw Products Salary

Magnus Screw Products Salary

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As of September 2026, the average annual salary for employees at Magnus Screw Products in the United States is $80,655. This translates to an approximate hourly wage of $39. Salaries at Magnus Screw Products typically range from $70,929 to $91,524 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Magnus Screw Products Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnus Screw Products. Based on our data, the highest paying job is the Director of Finance and Accounting, with an annual salary of $191,976. The table below outlines the annual salary ranges for most popular roles within the company.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Digital Marketing & Content Specialist

$114,029 / year

Salary Range: $101,095 - $128,388

Digital Marketing

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Turn Insight into Opportunity: Current Job Openings

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About Magnus Screw Products: Company Profile

Website
www.magnusmachine.com
Founded In
1956
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
CHICAGO
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About MAGNUS SCREW PRODUCTS
Magnus Screw Products Corporation is a family-owned and operated manufacturer of custom machined parts. Ever since incorporating in 1956, we have proudly made quality parts to meet our customers' specifications. We use a combination of CNC lathes and Brown and Sharp screw machines to produce parts up to 2" in diameter. We are able to work with nearly every material, from nylon to cold drawn steel,

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Magnus Screw Products's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Processes are maintained, but innovation is limited. However, the role can feel monotonous over time due to repetitive responsibilities and limited interaction. This company offers competitive pay and a solid benefits package. They invest in state-of-the-art equipment, making day-to-day tasks safer and more efficient. Most employees perform well, but turnover in some roles disrupts consistency.
Commented in May 05, 2025
42
0
Competitive pay and benefits motivate employees. Cross-training improves job variety. This forward-thinking approach, keeps us competitive and at the forefront of the global market.
Commented in January 06, 2025
44
0
What I appreciate most is the respect given to frontline workers—we’re trusted to make decisions and solve problems. Workload fluctuations can cause stress during busy seasons. Shift schedules fluctuate, affecting personal time. Team environment is great and communication is strong across departments. Operations are mostly smooth, but occasional bottlenecks occur. 25% rejection rate - best in our ...
Commented in September 01, 2024
30
2
Training opportunities exist but can be inconsistent and generic. Working here has improved my confidence. Upper management is rarely visible. Training is adequate and it is somehow comprehensive.
Commented in January 07, 2024
29
0

How Magnus Screw Products's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Magnus Screw Products’s pay competitiveness. Click on a company for a deeper dive.

Is Magnus Screw Products’s Pay Competitive? Salary Benchmarking Analysis

How does Magnus Screw Products'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
MACK IRON $74,836
-7.2%
Typical compensation structure for smaller regional agencies like MACK IRON.
MARISA USA $78,001
-3.3%
Normalized for lower cost-of-living zones where MARISA USA primarily operates.
MAPLE MOLD TECHNOLOGIES $77,493
-3.9%
MAPLE MOLD TECHNOLOGIES focuses strategically on recruiting and training entry-level apprentices.
MARCO LIGHTING $81,744
+1.4%
Confirms MARCO LIGHTING is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $121,746
+50.9%
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.

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Magnus Screw Products.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Magnus Screw Products, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Magnus Screw Products salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Magnus Screw Products

FAQ 1: What is the average salary for employees at Magnus Screw Products?
The average annual total compensation for employees at Magnus Screw Products is approximately $80,655. However, this is an aggregate figure, actual salaries can range significantly, typically from $70,929 to $91,524, depending on factors like job role, experience, and location.
FAQ 2: How much does Magnus Screw Products pay compared to MACK IRON?
The average annual salary at Magnus Screw Products is $80,655, or an hourly wage of $39, in comparison to MACK IRON which pays $74,835 per year or $36 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Magnus Screw Products?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Magnus Screw Products for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Magnus Screw Products offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?
While some companies offer formal COLA, many, including potentially Magnus Screw Products, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 5: What's the typical process for salary reviews and raises at Magnus Screw Products?
Most companies, likely including Magnus Screw Products, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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