The Magnet Group Salary

The Magnet Group Salary

How Much Does The Magnet Group Pay for employees?

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As of August 2026, the average hourly salary for employees at The Magnet Group in the United States is $38. This translates to an approximate annual wage of $79,440. Salaries at The Magnet Group typically range from $34 to $43 hourly, reflecting the diverse roles and experience levels within the company. The Magnet Group’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.

How Much Does The Magnet Group Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Sales Manager

$78 / hour

Salary Range: $68 - $90

Sales

Technical Performance Specialist - Tooling Tryout

$53 / hour

Salary Range: $49 - $57

Engineering

Tooling Tryout Technician

$45 / hour

Salary Range: $42 - $49

Engineering

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Digital Marketing & Content Specialist

$55 / hour

Salary Range: $49 - $62

Digital Marketing

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at The Magnet Group.
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About The Magnet Group: Company Profile

Website
www.challengerpowerboats.com
Founded In
1983
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Location
CLOVER BOTTOM
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into The Magnet Group's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
I appreciate the opportunities for learning new skills on the production floor and the emphasis on safety, which is always a top priority. There’s great structure here, and our output speaks for itself. Communication from upper management is transparent and consistent. It’s not the most inspiring place to work, but it is dependable. I feel respected and valued. This company truly values its people...
Commented in March 02, 2025
13
0
Safety training is regular, and it’s clear that leadership values our well-being. I’m consistently impressed by the company's commitment to its employees' professional journey. If you value routine and simplicity, you’ll be comfortable here. The workload is manageable, though breaks could be longer.
Commented in February 15, 2025
49
3
Benefits are decent, and the work atmosphere is upbeat. Career growth is possible but often dependent on tenure. The work atmosphere is professional, though sometimes rigid. They invest in their employees through skills development and promoting from within.
Commented in March 27, 2024
20
3

How The Magnet Group's Salaries Compare to Similar Companies?

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

Is The Magnet Group’s Pay Competitive? Salary Benchmarking Analysis

How does The Magnet Group’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
The Magnet Group
MFG Durable
CAPSTAN CALIFORNIA, INC.
FAPS, INC.
Industry Comparison
Our data shows that, on average, compensation at The Magnet Group is below the average for the U.S. MFG Durable industry by approximately 35%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared The Magnet Group average annual salary with several similar companies. The Magnet Group average salary of $79,440 is lower than CAPSTAN CALIFORNIA, INC., which has an average salary of $90,643. It is lower than FAPS, INC., with their average salary at $91,867. This places The Magnet Group in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Seattle?

Understanding the cost of living near Seattle is key to truly evaluating a salary offer or your current compensation at The Magnet Group.
Seattle's Cost of Living Index is approximately 152.7 (52.7% more expensive than US average; 36.8% more than WA average). Major tech hub (Amazon, Microsoft nearby), extremely high housing costs. King County Metro, Sound Transit. When planning your budget based on a salary from The Magnet Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,000 - $3,000+ A significant portion of The Magnet Group salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $99 (ORCA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $750 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $430 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,709 - $5,779+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About The Magnet Group

FAQ 1: How much does a The Magnet Group employee make?
The Magnet Group pays its employees an average of $38 per hour. The average salary at The Magnet Group range from $34 to $43 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.
FAQ 2: Which similar company tend to pay more or less than The Magnet Group?
The salary at The Magnet Group is lesser than the similar company. The average annual salary at The Magnet Group is $79,440, or an hourly wage of $38, in comparison to CAPSTAN CALIFORNIA, INC. which pays $90,643 per year or $44 per hour.
FAQ 3: Do employees with advanced degrees (Master's, PhD) earn more at The Magnet Group?
In many roles at The Magnet Group, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
FAQ 4: How does the cost of living near Seattle affect the perceived value of a The Magnet Group salary?
Seattle's Cost of Living Index is approximately 152.7 (52.7% more expensive than US average; 36.8% more than WA average). This significantly impacts the purchasing power of a salary from The Magnet Group based there. Our "Cost of Living Insights for Seattle" module details this impact, helping you assess the 'real feel' value of your compensation.
FAQ 5: What kind of benefits does The Magnet Group typically offer employees?
The Magnet Group generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at The Magnet Group" section on this page.

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