Magnetool, Inc. Salary

Magnetool, Inc. Salary

How Much Does Magnetool, Inc. Pay for employees?

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As of August 2026, the average weekly salary for employees at Magnetool, Inc. in the United States is $1,419. This translates to an approximate annual wage of $73,768. Salaries at Magnetool, Inc. typically range from $1,248 to $1,610 weekly, reflecting the diverse roles and experience levels within the company. Magnetool, 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 Magnetool, Inc. 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

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Digital Marketing & Content Specialist

$114,029 / year

Salary Range: $101,095 - $128,388

Digital Marketing

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

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 Magnetool, Inc..
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About Magnetool, Inc.: Company Profile

Website
www.magnetoolinc.com
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
MFG Durable
Headquarter Location
TROY
Revenue
<$5 Million
Phone Number
-
Social Media
About MAGNETOOL, INC.
Magnetool is a manufacturer of permanent and electromagnetic material handling devices, demagnetizers, controls, and repairs.

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Magnetool, Inc.'s culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
This leadership style brings out my best work. This commitment to nurturing talent from the ground up benefits both the employees and the company’s long-term capabilities. Management's open-door policy is not just a slogan; it's a practiced reality.
Commented in April 13, 2025
48
3
Quiet rooms enable focused work. This consideration contributes to a more sustainable and less stressful work environment overall for the team. It’s reassuring to be part of a growing and resilient organization with a bright future.
Commented in February 12, 2025
18
0
Positive feedback is celebrated company-wide. The management team consistently acknowledges and celebrates both individual and team successes, whether it's achieving a safety milestone or exceeding a production record. Innovation is encouraged at all levels. It’s exciting to be part of an organization that is afraid to innovate and evolve with the demands of the modern manufacturing landscape. Ben...
Commented in January 27, 2024
9
3

How Magnetool, Inc.'s Salaries Compare to Similar Companies?

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

Is Magnetool, Inc.’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetool, Inc.’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
180k
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90k
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0
Average Salary ($/year)
Magnetool, Inc.
MFG Durable
M & J INDUSTRIES, INC.
MET-COIL SYSTEMS CORPORATION
Industry Comparison
Our data shows that, on average, compensation at Magnetool, Inc. is below the average for the U.S. MFG Durable industry by approximately 39%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnetool, Inc. average annual salary with several similar companies. Magnetool, Inc. average salary of $73,768 is higher than M & J INDUSTRIES, INC., which has an average salary of $66,602. It is higher than MET-COIL SYSTEMS CORPORATION, with their average salary at $69,475. This places Magnetool, Inc. in a competitive 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 Troy?

Understanding the cost of living near Troy is key to truly evaluating a salary offer or your current compensation at Magnetool, Inc..
Troy's Cost of Living Index is approximately 107.3 (7.3% more expensive than US average; 17.5% more than MI average). Affluent Detroit suburb (Oakland Co.), major commercial/business center, high housing costs. SMART bus. When planning your budget based on a salary from Magnetool, Inc., consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Magnetool, Inc. salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,280+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Magnetool, Inc.

FAQ 1: What is the average salary for employees at Magnetool, Inc.?
The average annual total compensation for employees at Magnetool, Inc. is approximately $73,768. However, this is an aggregate figure, actual salaries can range significantly, typically from $64,878 to $83,704, depending on factors like job role, experience, and location.
FAQ 2: How much does Magnetool, Inc. pay compared to M & J INDUSTRIES, INC.?
The average annual salary at Magnetool, Inc. is $73,768, or an hourly wage of $35, in comparison to M & J INDUSTRIES, INC. which pays $66,602 per year or $32 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Magnetool, Inc.?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Magnetool, Inc. for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Magnetool, Inc. offer cost-of-living adjustments (COLA) for employees in high-cost areas like Troy?
While some companies offer formal COLA, many, including potentially Magnetool, Inc., incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 5: What's the typical process for salary reviews and raises at Magnetool, Inc.?
Most companies, likely including Magnetool, Inc., conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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