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Magnet Lending Corp Salary

How much does the Magnet Lending Corp Pay for employees?

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Salary at Magnet Lending Corp

Current Job Openings at Magnet Lending Corp

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Is Magnet Lending Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Magnet Lending Corp’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

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Average Salary ($/year)

Magnet Lending Corp

Financial Services

Transamerica Consumer Receivable Funding Inc

First Empire Mortgage Corp

Industry Comparison

Our data shows that, on average, compensation at Magnet Lending Corp is below the average for the U.S. Financial Services industry by approximately 27%. This positioning suggests their pay is below the market average within their sector.

Peer Company Comparison

To provide a broader market perspective, we compared Magnet Lending Corp average annual salary with several similar companies. Magnet Lending Corp average salary of $88,941 is lower than Transamerica Consumer Receivable Funding Inc, which has an average salary of $97,843. It is lower than First Empire Mortgage Corp, with their average salary at $105,069. This places Magnet Lending Corp in a developing position among its peers.

See Your True Competitors

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How Magnet Lending Corp's Salaries Compare to Similar Companies?

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

Transamerica Consumer Receivable Funding Inc

$97,843 / year

Salary Range: $85,798 - $110,916

Wilmington, DE

First Empire Mortgage Corp

$105,069 / year

Salary Range: $92,130 - $119,110

Melville, NY

Stewards Holding LLC

$87,717 / year

Salary Range: $76,882 - $99,490

Sulphur Springs, TX

RR - May Land Holdings Ltd

$92,654 / year

Salary Range: $81,216 - $105,099

Aledo, TX

NATIONAL CANADA FINANCE Corp

$97,168 / year

Salary Range: $85,184 - $110,184

Bingham Farms, MI

Us Everyones Guide to Credit Inc

$109,657 / year

Salary Range: $96,153 - $124,305

Brooklyn, NY

Albany Mitsubishi Finance Department

$85,386 / year

Salary Range: $74,875 - $96,795

Albany, GA

DE Lage Landen Public Finance LLC

$75,819 / year

Salary Range: $66,481 - $85,943

Pierre, SD

Olive Branch Finance Co. LLC

$96,841 / year

Salary Range: $84,918 - $109,782

Wilmington, DE

Employee Reviews: Working at Magnet Lending Corp

Considering a career at Magnet Lending Corp? 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 distribution is managed thoughtfully. Career growth is encouraged through structured development programs and access to industry-leading training. Compensation and benefits are competitive, including strong retirement plans and wellness programs. There isn’t much room to innovate, but deadlines and responsibilities are consistently met. Supportive culture with excellent training opportuni...

Commented in May 03, 2025

Collaboration is encouraged it is consistent. Supportive management and consistent feedback have made a difference in my growth. Public transit options abound. Leaders are approachable, team members are collaborative, and the organization values high standards and continuous improvement. The company culture actively promotes inclusivity and celebrates diverse perspectives, making it a welcoming p...

Commented in March 02, 2025

There is strong focus on compliance and risk management, which sometimes affects decision-making and innovation. Professionalism and integrity are deeply valued. For an organization of employees, maintaining such a high standard of integrity and trust is commendable.

Commented in March 01, 2024

Magnet Lending Corp Overview

Website

Data pending, update soon.

Founded In

Data pending, update soon.

Employees

25 - 50 employees

Industry

Financial Services

Headquarter Address

507 S Grand Ave Lansing Michigan MI 48933

Revenue

$5 Million - $10 Million

Phone Number

About Magnet Lending Corp

Magnet Lending Corp is a company that operates in the Financial Services industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Lansing, Michigan.

What Benefits Does Magnet Lending Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnet Lending Corp 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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How Much Should You Be Earning?

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What Is the Cost of Living Near Lansing?

Understanding the cost of living near Lansing is key to truly evaluating a salary offer or your current compensation at Magnet Lending Corp.

Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). State capital (Michigan State Univ. nearby), affordable housing. CATA bus. When planning your budget based on a salary from Magnet Lending Corp, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$800 - $1,200+	A significant portion of Magnet Lending Corp salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$50 (CATA monthly pass, free for MSU)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$370 - $550	Can be higher with more dining out or specialty stores.
Personal & Leisure	$300 - $580+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$350 - $640+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,010 - $3,200+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnet Lending Corp

1. How much does Magnet Lending Corp in the United States pay?

Magnet Lending Corp pays its employees an average of $88,941 per year. The average salary at Magnet Lending Corp range from $77,991 to $100,831 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. Do Magnet Lending Corp employees get a higher salary than its peer company?

The salary at Magnet Lending Corp is lesser than its peer company. The average annual salary at Magnet Lending Corp is $88,941, or an hourly wage of $43, in comparison to Transamerica Consumer Receivable Funding Inc which pays $97,843 per year or $47 per hour.

3. How much does salary increase with years of experience at Magnet Lending Corp?

Salary progression with years of experience at Magnet Lending Corp 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 Magnet Lending Corp vary by office location?

Yes, it's very likely that salaries at Magnet Lending Corp 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 Lansing section provides more context.

5. Does Magnet Lending Corp offer good benefits?

Magnet Lending Corp 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 Magnet Lending Corp" section on this page.