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Magnit Inc Salary

Magnit Inc Salary

How much does the Magnit Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Magnit Inc in the United States is $131,755. This translates to an approximate hourly wage of $63. Salaries at Magnit Inc typically range from $115,845 to $149,083 annually, reflecting the diverse roles and experience levels within the company. Magnit 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 Magnit Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magnit 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 Magnit Inc

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

Is Magnit Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnit 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
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Average Salary ($/year)
Magnit Inc
Software & Networking
Elavon Inc
Activision Publishing Inc
Industry Comparison
Our data shows that, on average, compensation at Magnit Inc is above the average for the U.S. Software & Networking industry by approximately 4%. This positioning suggests their pay is competitive within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnit Inc average annual salary with several similar companies. Magnit Inc average salary of $131,755 is higher than Elavon Inc, which has an average salary of $123,179. It is lower than Activision Publishing Inc, with their average salary at $137,124. This places Magnit 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.

How Magnit Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnit Inc

Considering a career at Magnit 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.
I’ve learned a lot and feel valued in my role. The company provides necessary tools, and the team is helpful. The team is helpful, and processes are well-defined. The company operates smoothly with a focus on efficiency.
Commented in March 20, 2025
48
0
Great workplace culture. The team feels like a family, and there’s always support when challenges arise. I enjoy the collaborative environment and supportive management. The job is steady with a good work-life balance. Benefits meet industry standards, and the job is secure. I appreciate the work-life balance initiatives, including flexible scheduling and remote work options for certain roles.
Commented in June 12, 2024
16
0
I’d recommend this workplace to anyone looking for stability and growth. Management listens to employee concerns and implements positive changes. Highly recommend for anyone in the retail sector. The compensation is fair, and there are good advancement opportunities.
Commented in January 28, 2024
49
0

Magnit Inc Overview

Website
www.magnitglobal.com
Founded In
1991
Employees
3,000 - 7,500 employees
Industry
Software & Networking
Headquarter Address
2365 Iron Point Rd Folsom California CA 95630
Revenue
$500 Million - $1B
Phone Number
+1 8002911099
Social Media
About Magnit Inc
Magnit is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt

What Benefits Does Magnit Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnit 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)
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What Is the Cost of Living Near Sacramento?

Understanding the cost of living near Sacramento is key to truly evaluating a salary offer or your current compensation at Magnit Inc.
Sacramento's Cost of Living Index is approximately 118.8 (18.8% more expensive than US average; 15.0% less than CA average). State capital, more affordable than coastal CA but housing costs have risen significantly. When planning your budget based on a salary from Magnit Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Magnit Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (SacRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,800 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnit Inc

1. How much does Magnit Inc in the United States pay?

Magnit Inc pays its employees an average of $131,755 per year. The average salary at Magnit Inc range from $115,845 to $149,083 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 Magnit Inc employees get a higher salary than its peer company?

The salary at Magnit Inc is higher than its peer company. The average annual salary at Magnit Inc is $131,755, or an hourly wage of $63, in comparison to Elavon Inc which pays $123,179 per year or $59 per hour.

3. What are the highest paying jobs at Magnit Inc?

The higher-paying job at Magnit Inc, according to our data, include Chief Executive Officer (avg. $1,019,900 per year), Managing Director (avg. $1,019,900 per year), and General Counsel & Vice President (avg. $464,753 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Magnit Inc?

Salary progression with years of experience at Magnit Inc 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.

5. Do salaries at Magnit Inc vary by office location?

Yes, it's very likely that salaries at Magnit Inc 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 Sacramento section provides more context.

6. Does Magnit Inc offer good benefits?

Magnit Inc 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 Magnit Inc" section on this page.

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