Masters Precision Inc Salary

Masters Precision Inc Salary

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As of April 2026, the average annual salary for employees at Masters Precision Inc in the United States is $90,249. This translates to an approximate hourly wage of $43. Salaries at Masters Precision Inc typically range from $79,494 to $101,843 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Masters Precision Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Masters Precision Inc. Based on our data, the highest paying job is the Service Manager, with an annual salary of $92,953. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Masters Precision Inc

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

Is Masters Precision Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Masters Precision 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
QASS GmbH $91,746
+1.7%
Suggests QASS GmbH utilizes a highly similar base-plus-benefits compensation model.
Epic Machine Inc $87,274
-3.3%
Typical compensation structure for smaller regional agencies like Epic Machine Inc.
Abax Inc $107,917
+19.6%
Reflects a supply-demand imbalance for the specific talent Abax Inc targets.
Tecfar Manufacturing Inc $101,524
+12.5%
Adjusted for higher cost-of-living indices in Tecfar Manufacturing Inc's primary metro hubs.
MFG Durable Industry $121,746
+34.9%
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 Masters Precision Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Masters Precision Inc

Considering a career at Masters Precision 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.
There aren’t many surprises, and schedules are predictable. Regular training and a focus on continuous improvement mean we're always getting better at what we do. Physical demands are part of the job, especially for production roles. Facilities are modern and well-maintained, with the latest manufacturing technologies.
Commented in April 09, 2025
49
0
Communication between departments has improved significantly. Tools and resources are readily available. Career growth opportunities exist but are competitive. The team environment is very collaborative, and leadership is approachable. Work is steady and predictable. The company provides excellent training and equipment to ensure a secure working environment. Communication from leadership is forma...
Commented in December 12, 2024
37
1
I’ve learned a lot since joining and appreciate the opportunities to take on new responsibilities. Recognition programs keep motivation high. Working for this manufacturing leader has been incredibly rewarding. Processes are structured, which helps keep things on track.
Commented in February 29, 2024
36
3

Masters Precision Inc Overview

Website
www.mastersprecision.com
Founded In
2005
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
753 Kerry St Wilmington Illinois IL 60481
Revenue
$5 Million - $10 Million
Phone Number
+1 8159701693
Social Media
About Masters Precision Inc
Masters Precision Inc. is proud to provide a variety of affordable metrology products and measurement solutions. From fully automated and manual CMMs to Vision machines and portable CMMs.

What Benefits Does Masters Precision Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Masters Precision 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)
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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 Masters Precision Inc.
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 Masters Precision Inc, 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 Masters Precision Inc 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 Masters Precision Inc

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

The typical annual salary range for most roles at Masters Precision Inc is approximately from $79,494 to $101,843. 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 Masters Precision Inc pay compared to QASS GmbH?

The average annual salary at Masters Precision Inc is $90,249, or an hourly wage of $43, in comparison to QASS GmbH which pays $91,746 per year or $44 per hour.

3. How does experience level affect salary at Masters Precision Inc?

Experience level is a significant factor in determining salary at Masters Precision Inc, 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.

4. How can I determine if a salary offer from Masters Precision Inc in Chicago is fair given the local cost of living?

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

5. What factors influence salary increases at Masters Precision Inc?

Salary increases at Masters Precision Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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