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MagTech Salary

MagTech Salary

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As of September 2026, the average annual salary for employees at MagTech in the United States is $94,183. This translates to an approximate hourly wage of $45. Salaries at MagTech typically range from $82,829 to $106,502 annually, reflecting the diverse roles and experience levels within the company.
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Is MagTech’s Pay Competitive? Salary Benchmarking Analysis

How does MagTech'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
Controls Group North America $102,178
+8.5%
Data suggests Controls Group North America's workforce skews heavily towards veteran, high-tenure roles.
G&E Industrial Supplies Inc $79,142
-16.0%
G&E Industrial Supplies Inc likely leverages performance bonuses over the high base salary shown here.
AdLeap Promotions Group LLC $89,162
-5.3%
AdLeap Promotions Group LLC focuses strategically on recruiting and training entry-level apprentices.
Lake Henry Implement Inc $85,017
-9.7%
Reflects market rates for standard general contracting, differing from specialized roles.
Retail & Wholesale Industry $123,318
+30.9%
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.

How MagTech's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at MagTech

Considering a career at MagTech? 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.
Good benefits package, including health insurance and performance bonuses. I’ve learned so much and feel valued as an employee. This company provides a dynamic workplace with a strong focus on teamwork. Colleagues are friendly, and schedules are flexible.
Commented in May 13, 2025
38
3
I’ve had a positive experience and appreciate the work-life balance. Working here has been a fantastic experience. Being part of this company has been a rewarding experience. The company promotes a healthy work-life balance and employee well-being. The company provides a structured work setting with clear guidelines. From wellness programs to performance bonuses, they go the extra mile.
Commented in October 13, 2024
23
2
The workplace is diverse and inclusive, fostering a positive atmosphere. Rarely feel overworked. The location is convenient, and the facilities are well-maintained.
Commented in January 11, 2024
45
2

MagTech Overview

Website
www.magtechammunition.com
Founded In
2011
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
1200 S Lake St Montgomery Illinois IL 60538
Revenue
<$5 Million
Phone Number
+1 6308590009
Social Media
About MagTech
MagTech Systems is a professional services firm focused on process improvement solutions. Acting as an enabler of technology, MagTech offers a comprehensive set of tools to help our clients leverage new technologies, such as Radio Frequency Identification (RFID), to drive cost reduction or compliance projects. MagTech has the capability to perform initial on-site consultation, design, development

What Benefits Does MagTech Offer Beyond Salary?

A competitive compensation package is more than just a salary. MagTech 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at MagTech.
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 MagTech, 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 MagTech 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.

FAQs of MagTech

1. What is the estimated average total compensation at MagTech?

Salary.com estimates that the average total compensation package at MagTech, which can include base salary, potential bonuses, and benefits, is around $94,183 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does MagTech pay compared to Controls Group North America?

The average annual salary at MagTech is $94,183, or an hourly wage of $45, in comparison to Controls Group North America which pays $102,178 per year or $49 per hour.

3. Do salaries differ significantly between departments at MagTech?

Yes, salaries often differ between departments at MagTech 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 MagTech?

Salary progression from an entry-level to a senior role at MagTech 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 MagTech in Chicago is fair given the local cost of living?

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

6. Are promotions at MagTech usually accompanied by a significant salary increase?

Yes, promotions at MagTech 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.

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