Magna-Tech Electronic Co Inc Salary

How much does the Magna-Tech Electronic Co Inc Pay for employees?

As of August 2026, the average annual salary for employees at Magna-Tech Electronic Co Inc in the United States is $87,464. This translates to an approximate hourly wage of $42. Salaries at Magna-Tech Electronic Co Inc typically range from $76,928 to $98,905 annually, reflecting the diverse roles and experience levels within the company. Magna-Tech Electronic Co Inc’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 Magna-Tech Electronic Co Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magna-Tech Electronic Co Inc. 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.
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 accurate does the salary look to you?

Current Job Openings at Magna-Tech Electronic Co Inc

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

Is Magna-Tech Electronic Co Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magna-Tech Electronic Co Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Magna-Tech Electronic Co Inc
Retail & Wholesale
Search and Recovery Engineering LLC
CFA Design Group
Industry Comparison
Our data shows that, on average, compensation at Magna-Tech Electronic Co Inc is below the average for the U.S. Retail & Wholesale industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magna-Tech Electronic Co Inc average annual salary with several similar companies. Magna-Tech Electronic Co Inc average salary of $87,464 is higher than Search and Recovery Engineering LLC, which has an average salary of $82,654. It is lower than CFA Design Group, with their average salary at $89,268. This places Magna-Tech Electronic Co Inc in a mid-range 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.

Employee Reviews: Working at Magna-Tech Electronic Co Inc

Considering a career at Magna-Tech Electronic Co 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.
The company invests in employee development through workshops and certifications. Managers are supportive and fair. The company provides necessary tools, and the environment is professional. This company stands out for its employee-centric policies. The culture is positive, and management truly listens to staff feedback.
The job is stable, and the company maintains a good reputation in the industry. The Retail & Wholesale industry can be demanding, but this company does a great job keeping morale high. The role is straightforward with clear expectations. The company provides a standard benefits. The company culture here is fantastic. The leadership team is approachable and open to feedback.
I appreciate the employee discounts and wellness programs they offer. The teamwork here is fantastic—everyone supports each other. The company has a strong vision, and employees are aligned with its goals.

Magna-Tech Electronic Co Inc Overview

Website
www.magna-tech.com
Founded In
2006
Employees
<25 employees
Industry
Retail & Wholesale
Headquarter Address
329 Palermo Ave Coral Gables Florida FL 33134
Revenue
$5 Million - $10 Million
Phone Number
+1 3055738101
Social Media
About Magna-Tech Electronic Co Inc
Magna Tech Aviation, Inc was founded in 2006 and is based in Miami, FL. The company meets the growing needs for specialty parts in commercial aircraft. Our company is the source for your aircrafts parts, avionics, a great selection of accessories such as actuators, valve pneumatics, controller electronics and Ground Service Equipment (GSE). Our promise is to deliver the best service and available

What Benefits Does Magna-Tech Electronic Co Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magna-Tech Electronic Co 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)
Work at Magna-Tech Electronic Co Inc?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

illustration

What Is the Cost of Living Near Miami?

Understanding the cost of living near Miami is key to truly evaluating a salary offer or your current compensation at Magna-Tech Electronic Co Inc.
Miami's Cost of Living Index is approximately 117.5 (17.5% more expensive than US average; 14.0% more than FL average). Major international city, very high housing costs, vibrant culture, significant traffic. Metrorail/Metromover/Bus. When planning your budget based on a salary from Magna-Tech Electronic Co Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,800+ A significant portion of Magna-Tech Electronic Co Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $112.50 (Miami-Dade EASY Ticket monthly) 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 - $850+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,262 - $5,332+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magna-Tech Electronic Co Inc

1. How much does a Magna-Tech Electronic Co Inc employee make?

Magna-Tech Electronic Co Inc pays its employees an average of $87,464 per year. The average salary at Magna-Tech Electronic Co Inc range from $76,928 to $98,905 per year. 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. Which similar company tend to pay more or less than Magna-Tech Electronic Co Inc?

The salary at Magna-Tech Electronic Co Inc is higher than the similar company. The average annual salary at Magna-Tech Electronic Co Inc is $87,464, or an hourly wage of $42, in comparison to Search and Recovery Engineering LLC which pays $82,654 per year or $40 per hour.

3. How much does a Chief Executive Officer typically earn at Magna-Tech Electronic Co Inc?

A Chief Executive Officer at Magna-Tech Electronic Co Inc typically earns an average annual base salary of around $677,048, with a general range of $518,109 to $853,318.

4. Do employees with advanced degrees (Master's, PhD) earn more at Magna-Tech Electronic Co Inc?

In many roles at Magna-Tech Electronic Co Inc, 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.

5. How does the cost of living near Miami affect the perceived value of a Magna-Tech Electronic Co Inc salary?

Miami's Cost of Living Index is approximately 117.5 (17.5% more expensive than US average; 14.0% more than FL average). This significantly impacts the purchasing power of a salary from Magna-Tech Electronic Co Inc based there. Our "Cost of Living Insights for Miami" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Magna-Tech Electronic Co Inc typically offer employees?

Magna-Tech Electronic Co Inc 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 Magna-Tech Electronic Co Inc" section on this page.