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Mg Steel Corp Salary

Mg Steel Corp Salary

How much does the Mg Steel Corp Pay for employees?

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As of August 2026, the average annual salary for employees at Mg Steel Corp in the United States is $109,014. This translates to an approximate hourly wage of $52. Salaries at Mg Steel Corp typically range from $95,805 to $123,427 annually, reflecting the diverse roles and experience levels within the company. Mg Steel Corp’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 Mg Steel Corp

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Is Mg Steel Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Mg Steel Corp’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)
Mg Steel Corp
Retail & Wholesale
Virginia Iron Metal Company Inc
MARIAM STEEL Inc
Industry Comparison
Our data shows that, on average, compensation at Mg Steel Corp 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 Mg Steel Corp average annual salary with several similar companies. Mg Steel Corp average salary of $109,014 is higher than Virginia Iron Metal Company Inc, which has an average salary of $100,586. It is lower than MARIAM STEEL Inc, with their average salary at $118,222. This places Mg Steel Corp in a mid-range position among its peers.
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How Mg Steel Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Mg Steel Corp

Considering a career at Mg Steel Corp? 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.
The work environment is dynamic, with clear communication and opportunities to contribute meaningfully. It’s a no-frills workplace but gets the job done efficiently in the wholesale sector. I appreciate the flexible scheduling options, making it easier to balance personal and professional life. The company’s growth provides long-term opportunities. Management communicates company updates regularly...
Commented in May 27, 2025
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The benefits package is one of the best in the industry. Nothing extraordinary, but a solid place to work. The company promotes a healthy work culture with growth opportunities. The compensation is fair, and the bonus structure is motivating. The workplace is diverse and inclusive, fostering a positive atmosphere. The company culture is welcoming, and the benefits are competitive. The leadership i...
Commented in December 03, 2024
16
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The Retail & Wholesale industry can be challenging, but the leadership team provides strong direction. The office facilities are well-maintained, and hybrid work options are available for some roles. The hours are flexible, and management is fair. The leadership is transparent, and the team is collaborative. The company also offers tuition reimbursement, which is a huge plus.
Commented in September 14, 2024
42
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This company stands out for its employee-friendly policies. The wholesale division is well-run, and employees are recognized for hard work. Decent place to work. The company maintains a professional work setting. Recommend this workplace.
Commented in February 13, 2024
40
2

Mg Steel Corp Overview

Website
Data pending, update soon.
Founded In
2016
Employees
100 - 200 employees
Industry
Retail & Wholesale
Headquarter Address
5056 Silver Hill Ct Maryland 20747
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Mg Steel Corp
Mg Steel Corp is a company that operates in the Mining & Metals industry. It employs 101-250 people and has $25M-$50M of revenue. The company is headquartered in Maryland.

What Benefits Does Mg Steel Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Mg Steel Corp 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 Washington?

Understanding the cost of living near Washington is key to truly evaluating a salary offer or your current compensation at Mg Steel Corp.
Washington D.C.'s Cost of Living Index is approximately 148.7 (48.7% more expensive than US average). Nation's capital, very high housing costs, extensive public transit (WMATA), high overall expenses. When planning your budget based on a salary from Mg Steel Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,200 - $3,300+ A significant portion of Mg Steel Corp salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70-200+ (WMATA SmarTrip varies by use) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $680 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,770 - $5,880+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Mg Steel Corp

1. What is the average salary for employees at Mg Steel Corp?

The average annual total compensation for employees at Mg Steel Corp is approximately $109,014. However, this is an aggregate figure, actual salaries can range significantly, typically from $95,805 to $123,427, depending on factors like job role, experience, and location.

2. How much does Mg Steel Corp pay compared to Virginia Iron Metal Company Inc?

The average annual salary at Mg Steel Corp is $109,014, or an hourly wage of $52, in comparison to Virginia Iron Metal Company Inc which pays $100,586 per year or $48 per hour.

3. How does having a professional certification impact salary for relevant roles at Mg Steel Corp?

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

4. Does Mg Steel Corp offer cost-of-living adjustments (COLA) for employees in high-cost areas like Washington?

While some companies offer formal COLA, many, including potentially Mg Steel Corp, 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.

5. What's the typical process for salary reviews and raises at Mg Steel Corp?

Most companies, likely including Mg Steel Corp, 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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