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Magnum Industrial Technology Inc Salary

Magnum Industrial Technology Inc Salary

How much does the Magnum Industrial Technology Inc Pay for employees?

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As of October 2026, the average hourly salary for employees at Magnum Industrial Technology Inc in the United States is $52. This translates to an approximate annual wage of $109,087. Salaries at Magnum Industrial Technology Inc typically range from $46 to $59 hourly, reflecting the diverse roles and experience levels within the company. Magnum Industrial Technology 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.
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Current Job Openings at Magnum Industrial Technology Inc

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Is Magnum Industrial Technology Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnum Industrial Technology Inc’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Magnum Industrial Technology Inc
Retail & Wholesale
Empire Mazda Of Huntington
Ray Laks Honda
Industry Comparison
Our data shows that, on average, compensation at Magnum Industrial Technology Inc is below the average for the U.S. Retail & Wholesale industry by approximately 12%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magnum Industrial Technology Inc average annual salary with several similar companies. Magnum Industrial Technology Inc average salary of $109,087 is higher than Empire Mazda Of Huntington, which has an average salary of $106,081. It is higher than Ray Laks Honda, with their average salary at $88,023. This places Magnum Industrial Technology Inc in a competitive position among its peers.
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Companies Similar to Magnum Industrial Technology Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Magnum Industrial Technology Inc

Considering a career at Magnum Industrial Technology 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.
Diversity is celebrated, and there’s a strong sense of teamwork. The company maintains a professional yet friendly atmosphere. The Retail & Wholesale sector is fast-moving, but the company ensures employees aren’t overwhelmed. I enjoy coming to work because of the friendly environment. The company offers competitive salaries, great benefits, and a healthy work-life balance. Decent workload balance...
Commented in March 18, 2025
37
1
The company culture here is welcoming, and the team feels like a family. Benefits like employee discounts are a nice perk. Management is transparent, and the benefits are solid. Learned a lot in a short time.
Commented in March 15, 2025
46
3
The role offers consistency with clear expectations. Training could be more detailed, but overall, it’s fine. A fantastic place to build a career. There are plenty of learning opportunities, and the team is talented.
Commented in February 06, 2024
43
3

Magnum Industrial Technology Inc Overview

Website
Data pending, update soon.
Founded In
1988
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Address
254 S Main St New City New York NY 10956
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Magnum Industrial Technology Inc
Magnum Industrial Technology Inc is a company that operates in the Machinery industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in New City, New York.

What Benefits Does Magnum Industrial Technology Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnum Industrial Technology 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 New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Magnum Industrial Technology Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Magnum Industrial Technology Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Magnum Industrial Technology Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnum Industrial Technology Inc

1. How much does a Magnum Industrial Technology Inc employee make?

Magnum Industrial Technology Inc pays its employees an average of $52 per hour. The average salary at Magnum Industrial Technology Inc range from $46 to $59 per hour. 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. Which similar company tend to pay more or less than Magnum Industrial Technology Inc?

The salary at Magnum Industrial Technology Inc is higher than the similar company. The average annual salary at Magnum Industrial Technology Inc is $109,087, or an hourly wage of $52, in comparison to Empire Mazda Of Huntington which pays $106,081 per year or $51 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Magnum Industrial Technology Inc?

In many roles at Magnum Industrial Technology Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near New York affect the perceived value of a Magnum Industrial Technology Inc salary?

New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). This significantly impacts the purchasing power of a salary from Magnum Industrial Technology Inc based there. Our "Cost of Living Insights for New York" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Magnum Industrial Technology Inc typically offer employees?

Magnum Industrial Technology Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Magnum Industrial Technology Inc" section on this page.

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