Magnetar Academy Salary

How much does the Magnetar Academy Pay for employees?

As of August 2026, the average weekly salary for employees at Magnetar Academy in the United States is $1,850. This translates to an approximate annual wage of $96,198. Salaries at Magnetar Academy typically range from $1,617 to $2,118 weekly, 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 annual 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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How Much Should You Be Earning?

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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. What is the typical salary range (low to high) for most roles at Magnetar Academy?

The typical annual salary range for most roles at Magnetar Academy is approximately from $84,085 to $110,148. 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 Magnetar Academy pay compared to Academy of Thought and Industry?

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 does experience level affect salary at Magnetar Academy?

Experience level is a significant factor in determining salary at Magnetar Academy, 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 Magnetar Academy in Evanston is fair given the local cost of living?

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

5. Why might an individual's actual salary at Magnetar Academy differ from the ranges shown here?

An individual's actual salary at Magnetar Academy can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.