Magnifact Salary

Magnifact Salary

How much does the Magnifact Pay for employees?

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As of July 2026, the average annual salary for employees at Magnifact in the United States is $97,748. This translates to an approximate hourly wage of $47. Salaries at Magnifact typically range from $86,128 to $110,269 annually, reflecting the diverse roles and experience levels within the company. Magnifact’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 Magnifact Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnifact. 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.
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Current Job Openings at Magnifact

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

Is Magnifact’s Pay Competitive? Salary Benchmarking Analysis

How does Magnifact’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)
Magnifact
Software & Networking
SIEMonster Inc
Glip Vi Ltd
Industry Comparison
Our data shows that, on average, compensation at Magnifact is below the average for the U.S. Software & Networking industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnifact average annual salary with several similar companies. Magnifact average salary of $97,748 is lower than SIEMonster Inc, which has an average salary of $110,870. It is higher than Glip Vi Ltd, with their average salary at $89,616. This places Magnifact in a mid-range position among its peers.
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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.

How Magnifact's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnifact

Considering a career at Magnifact? 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.
It’s a good fit for those who prefer structured tasks in the wholesale industry. Good benefits and career growth opportunities. The job provides a predictable routine with fair expectations. The company culture emphasizes teamwork, and there are regular team-building activities that foster strong relationships. Employee recognition is a regular practice. The benefits package is robust, including r...
Commented in April 06, 2025
42
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The Retail operations run smoothly, and the company maintains a professional environment. Career growth is encouraged. This company is one of the best in the Retail & Wholesale sector when it comes to employee satisfaction. The benefits package is competitive, including health insurance, retirement plans, and employee discounts.
Commented in February 21, 2025
13
2
The culture is welcoming, and management is supportive of new ideas. The company has a positive atmosphere where employees feel appreciated. I’ve built strong relationships with my colleagues. The company supports professional development, making it a great long-term fit. The management team is transparent about company goals, which helps with alignment.
Commented in January 02, 2025
9
1

Magnifact Overview

Website
www.magnifact.com
Founded In
2015
Employees
<25 employees
Industry
Software & Networking
Headquarter Address
241 Greenleaf Ave Wilmette Illinois IL 60091
Revenue
<$5 Million
Phone Number
+1 8472515817
Social Media
About Magnifact
Magnifact is a leading Chicago -based technology provider of cloud-based DataIntelligent solutions for the Healthcare Insurance and Financial Services industries. Its key offerings include AgentVizion and MoodAnalyzer®, an artificial intelligence-based risk and sentiment analysis solution.

What Benefits Does Magnifact Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnifact 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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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 Magnifact.
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 Magnifact, 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 Magnifact 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 Magnifact

1. What is the average salary for employees at Magnifact?

The average annual total compensation for employees at Magnifact is approximately $97,748. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,128 to $110,269, depending on factors like job role, experience, and location.

2. How much does Magnifact pay compared to SIEMonster Inc?

The average annual salary at Magnifact is $97,748, or an hourly wage of $47, in comparison to SIEMonster Inc which pays $110,870 per year or $53 per hour.

3. What is the lowest salary at Magnifact?

The lowest-paying job at Magnifact is a Support Analyst with a salary of $61,178 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Magnifact?

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 Magnifact for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Magnifact offer cost-of-living adjustments (COLA) for employees in high-cost areas like Evanston?

While some companies offer formal COLA, many, including potentially Magnifact, 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.

6. What's the typical process for salary reviews and raises at Magnifact?

Most companies, likely including Magnifact, 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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