Magnetar Academy Salary

How much does the Magnetar Academy Pay for employees?

As of August 2026, the average hourly salary for employees at Magnetar Academy in the United States is $46. This translates to an approximate annual wage of $96,198. Salaries at Magnetar Academy typically range from $40 to $53 hourly, reflecting the diverse roles and experience levels within the company. Magnetar Academy’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Magnetar Academy

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Is Magnetar Academy’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetar Academy’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
120k
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Average Salary ($/year)
Magnetar Academy
Edu., Gov't. & Nonprofit
Academy of Thought and Industry
Ps 108
Industry Comparison
Our data shows that, on average, compensation at Magnetar Academy is below the average for the U.S. Edu., Gov't. & Nonprofit industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnetar Academy average annual salary with several similar companies. Magnetar Academy average salary of $96,198 is higher than Academy of Thought and Industry, which has an average salary of $83,572. It is lower than Ps 108, with their average salary at $103,328. This places Magnetar Academy in a mid-range position among its peers.
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Employee Reviews: Working at Magnetar Academy

Considering a career at Magnetar Academy? 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.
Workload varies depending on department. Leaders communicate priorities well, and there’s a great sense of shared responsibility and mutual respect in achieving organizational goals. The culture fosters empathy, hard work, and service. I feel proud to work in a place that values community and education. They’re respectful of time and handle requests thoroughly.
The onboarding process was smooth, and I felt welcomed from day one. Employees enjoy flexible work options and comprehensive benefits, enabling a healthy work-life balance and meaningful contribution to community service projects. The technology and facilities are top-notch, enabling us to provide 21st century learning experiences. Transparent reporting. It's rewarding to be part of such a mission...
It’s a reasonable place to work if you value consistency and routine, though it may not be ideal for someone seeking a dynamic or fast-paced environment. Expectations are consistent, and it is much room for creativity. It’s a place where success feels shared and celebrated. Employees benefit from well-structured development programs and a culture that promotes respect and inclusivity. Better suite...
It’s refreshing to work somewhere with clear expectations and fair processes. Leadership is approachable and values diversity and inclusivity. Intuitive design.
Overall, this company is an exceptional place to build a fulfilling and rewarding career. Leadership communicates well, but implementation of new ideas takes time. Great place to work with a clear sense of mission and direction. Overall, steady and it is particularly inspiring. The focus on public service and education feels fulfilling.

Magnetar Academy Overview

Website
www.magnetaracademy.org
Founded In
2011
Employees
100 - 200 employees
Industry
Edu., Gov't. & Nonprofit
Headquarter Address
1303 Orrington Ave Evanston Illinois IL 60201
Revenue
<$5 Million
Phone Number
-
Social Media
About Magnetar Academy
The goal of the Magnetar Youth Investment Academy is to provide students - especially those from economically challenged communities - with the tools they need to lead financially informed and successful lives. The Magnetar Academy is currently in 66 classrooms in 35 Chicago high schools. To date, approximately 3,000 Chicago high school students have participated in the Academy since its launch th

What Benefits Does Magnetar Academy Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetar Academy 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 Evanston?

Understanding the cost of living near Evanston is key to truly evaluating a salary offer or your current compensation at Magnetar Academy.
Evanston's Cost of Living Index is approximately 123.7 (23.7% more expensive than US average; 31.9% more than IL average). North Shore Chicago suburb (Northwestern Univ.), very desirable, high housing costs. Pace bus, CTA Purple Line, Metra. When planning your budget based on a salary from Magnetar Academy, 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 Magnetar Academy salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace/CTA/Metra (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $410 - $760+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,140 - $5,050+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetar Academy

1. How much does Magnetar Academy in the United States pay?

Magnetar Academy pays its employees an average of $46 per hour. The average salary at Magnetar Academy range from $40 to $53 per hour. 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. Do Magnetar Academy employees get a higher salary than its peer company?

The salary at Magnetar Academy is higher than its peer company. The average annual salary at Magnetar Academy is $96,198, or an hourly wage of $46, in comparison to Academy of Thought and Industry which pays $83,572 per year or $40 per hour.

3. How much does salary increase with years of experience at Magnetar Academy?

Salary progression with years of experience at Magnetar Academy is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at Magnetar Academy vary by office location?

Yes, it's very likely that salaries at Magnetar Academy vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Evanston section provides more context.

5. Does Magnetar Academy offer good benefits?

Magnetar Academy typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Magnetar Academy" section on this page.