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Magna International
4.0
based on 644 Reviews
Company Overview
Company Locations
Working at Magna International
Company Summary
Magna International focuses on corporate governance to enhance stakeholder trust, ensuring long-term value in the automotive industry.
Overall Rating
4.0/5
based on 644 reviews
4% above
industry average
Highly rated for
Job security, Company culture, Work-life balance
Work Policy
Work from office
70% employees reported
Monday to Saturday
45% employees reported
Flexible timing
53% employees reported
No travel
52% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
52 employees reported
Free meal
45 employees reported
Health insurance
43 employees reported
Job/Soft skill training
41 employees reported
View all benefits
About Magna International
Founded in1957 (68 yrs old)
India Employee Count1k-5k
Global Employee Count1 Lakh+
HeadquartersAurora, Canada
Office Locations
--
Websitemagna.com
Primary Industry
Other Industries
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Magna believes that strong corporate governance practices are essential to fostering stakeholder trust and confidence, management accountability and long-term shareholder value. Our approach to corporate governance is described under “Corporate Governance Overview” in our most recent management information circular/proxy statement. It is also set out in our Board Charter, which can be found under “Corporate Governance Documents” in this section of the website. Our Board Charter is reviewed at least annually and updated as needed to reflect evolving best practices in corporate governance.
Vision: We aim to be our customers' preferred global supplier partner for the automotive industry, by delivering the best value built on innovative products and processes and World Class Manufacturing. We strive to be the employer of choice, an ethical and responsible corporate citizen and a superior long-term investment for our shareholders.
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Magna International Ratings
based on 644 reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
273
4
182
3
105
2
32
1
52
Category Ratings
3.9
Job security
3.8
Company culture
3.8
Work-life balance
3.8
Skill development
3.7
Salary
3.6
Work satisfaction
3.4
Promotions
Magna International is rated 4.0 out of 5 stars on AmbitionBox, based on 644 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Magna International
based on 613 reviews
4.3
Rated by 43 Women
Rated 4.1 for Work-life balance and 4.0 for Job security
3.9
Rated by 570 Men
Rated 3.9 for Job security and 3.8 for Work-life balance
Work Policy at Magna International
based on 71 reviews in last 6 months
Work from office
70%
Hybrid
28%
Permanent work from home
2%
Magna International Reviews
Top mentions in Magna International Reviews
+ 5 more
Compare Magna International with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 644 reviews | 4.2/5 based on 11.7k reviews | 4.1/5 based on 9.6k reviews | 3.8/5 based on 1.1k reviews |
Highly Rated for | Job security Skill development Work-life balance | Job security Skill development Work-life balance | Job security Skill development Company culture | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | Promotions Salary |
Primary Work Policy | Work from office 70% employees reported | Work from office 74% employees reported | Work from office 86% employees reported | Work from office 87% employees reported |
Rating by Women Employees | 4.3 Good rated by 43 women | 4.1 Good rated by 1.2k women | 4.0 Good rated by 748 women | 3.6 Good rated by 38 women |
Rating by Men Employees | 3.9 Good rated by 570 men | 4.2 Good rated by 9.4k men | 4.1 Good rated by 8.1k men | 3.8 Good rated by 990 men |
Job security | 3.9 Good | 4.1 Good | 4.1 Good | 3.6 Good |
View more
Magna International Salaries
Magna International salaries have received with an average score of 3.7 out of 5 by 644 employees.
Senior Design Engineer
(142 salaries)
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₹5.1 L/yr - ₹18 L/yr
Design Engineer
(131 salaries)
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₹2.4 L/yr - ₹12 L/yr
Lead Engineer
(120 salaries)
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₹7.8 L/yr - ₹21 L/yr
Senior Engineer
(102 salaries)
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₹4.2 L/yr - ₹14 L/yr
Software Engineer
(99 salaries)
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₹4.2 L/yr - ₹12 L/yr
Senior Software Engineer
(88 salaries)
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₹6.5 L/yr - ₹23.2 L/yr
Production Engineer
(84 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
Junior Engineer
(79 salaries)
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₹2.2 L/yr - ₹4.5 L/yr
System Test Engineer
(60 salaries)
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₹4.7 L/yr - ₹19.8 L/yr
Diploma Trainee Engineer
(58 salaries)
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₹1.7 L/yr - ₹3 L/yr
Magna International Interview Questions
Interview questions by designation
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Magna International Jobs
Magna International News
Avoid These Stocks, Including PDD
- China's e-commerce giant PDD Holdings (PDD) warned of slower growth and faces trade restrictions and competition.
- Automotive parts suppliers like Advance Auto Parts (AAP), Aptiv (APTV), Magna International (MGA), and BorgWarner (BWA) may underperform due to planned tariffs.
- StoneCo (STNE), a Brazil-based fintech, is on a downtrend despite reporting stronger payment volume in Q3.
- Dollar Tree (DLTR) in the retail sector lacks growth momentum and may underperform amid increasing competition.
Baystreet | 2 Dec, 2024
Stocks to Watch: Magna, BioNTech, and Ubiquiti
- The recession in the automotive industry is impacting parts suppliers, including Magna International, Advance Auto Parts, and Aptiv.
- Magna is planning a stock buyback of up to 10% of its public float, aiming to provide support to its stock value.
- BioNTech reported a 34% increase in revenue in Q3 and reduced its SG&A expenses and capital expenditures.
- Ubiquiti posted strong results, with a 19.77% gain in stock value and increased sales driven by new products and features.
Baystreet | 13 Nov, 2024
Avoid These Stocks
- Volkswagen plans to close at least three German plants and cut jobs, indicating weak conditions in U.S. markets for auto parts suppliers.
- Investors should avoid Aptiv as the firm is struggling with a slowdown in the electric vehicle market and has lowered its revenue guidance.
- STMicroelectronics reported a 26.6% YoY decline in Q3 revenue and expects a marginal increase in Q4 net revenue.
- Magna posted weak Q3 results with a 3.7% YoY decline in revenue, and although stock buybacks are expected to help, the stock is likely to struggle.
Baystreet | 5 Nov, 2024
Stocks Enjoy Positive End to Bruising Week
- Markets in Toronto ended the week on a positive note, with consumer and health-care stocks leading the way.
- The TSX recovered 98.29 points, but fell 0.85% for the week.
- Magna International reported lower-than-expected Q3 profit, while Air Canada raised its annual core profit forecast and announced share buybacks.
- Tech stocks like Kinaxis and Docebo saw gains, while utilities and energy stocks experienced losses.
Baystreet | 2 Nov, 2024
TSX Jumps on Consumer, Energy Stocks
- The TSX opened higher, led by energy shares tracking a jump in oil prices.
- Magna International reported third-quarter profit below analysts' estimates.
- Amazon led big technology stocks into the green as traders looked past a disappointing jobs report.
- The U.S. economy added just 12,000 jobs in October, far below expectations.
Baystreet | 1 Nov, 2024
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Magna International FAQs
When was Magna International founded?
Magna International was founded in 1957. The company has been operating for 68 years primarily in the Auto Components sector.
Where is the Magna International headquarters located?
Magna International is headquartered in Aurora.
How many employees does Magna International have in India?
Magna International currently has more than 1,200+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Magna International based on the number of reviews submitted on AmbitionBox.
Does Magna International have good work-life balance?
Magna International has a Work-Life Balance Rating of 3.8 out of 5 based on 600+ employee reviews on AmbitionBox. 71% employees rated Magna International 4 or above, while 29% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Magna International work-life balance reviews for more details
Is Magna International good for career growth?
Career growth at Magna International is rated as moderate, with a promotions and appraisal rating of 3.4. 29% employees rated Magna International 3 or below, while 71% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Magna International promotions/appraisals reviews for more detailed insights.
What are the pros of working in Magna International?
Working at Magna International offers several advantages that make it an appealing place for employees. The company is highly rated for job security, company culture and skill development, based on 600+ employee reviews on AmbitionBox.
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