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Magna International
3.9
based on 680 Reviews
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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
3.9/5
based on 680 reviews
3% above
industry average
Highly rated for
Job security, Company culture, Work-life balance
Work Policy
Work from office
70% employees reported
Monday to Saturday
43% employees reported
Flexible timing
54% 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
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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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View in video summary
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 680 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
285
4
194
3
110
2
33
1
58
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 3.9 out of 5 stars on AmbitionBox, based on 680 company reviews.This rating reflects an average employee experience, indicating moderate 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 649 reviews
4.2
Rated by 45 Women
Rated 4.0 for Work-life balance and 4.0 for Job security
3.9
Rated by 604 Men
Rated 3.9 for Job security and 3.8 for Work-life balance
Work Policy at Magna International
based on 109 reviews in last 6 months
Work from office
70%
Hybrid
24%
Permanent work from home
6%
Magna International Reviews
Top mentions in Magna International Reviews
+ 5 more
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Compare Magna International with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 680 reviews | 4.2/5 based on 12k reviews  | 4.1/5 based on 9.9k reviews | 3.9/5 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 73% employees reported | Work from office 85% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 4.2 Good rated by 45 women | 4.1 Good rated by 1.2k women | 4.0 Good rated by 777 women | 3.6 Good rated by 41 women |
Rating by Men Employees | 3.9 Good rated by 604 men | 4.2 Good rated by 9.6k men | 4.1 Good rated by 8.4k men | 3.9 Good rated by 1k men |
Job security | 3.9 Good | 4.1 Good | 4.1 Good | 3.7 Good |
View more
Magna International Salaries
Magna International salaries have received with an average score of 3.7 out of 5 by 680 employees.
Senior Design Engineer
(141 salaries)
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₹4.8 L/yr - ₹18 L/yr
Lead Engineer
(134 salaries)
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₹7.8 L/yr - ₹21 L/yr
Design Engineer
(133 salaries)
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₹2.4 L/yr - ₹12 L/yr
Software Engineer
(94 salaries)
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₹4.4 L/yr - ₹12.4 L/yr
Senior Engineer
(91 salaries)
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₹4.2 L/yr - ₹16.5 L/yr
Junior Engineer
(84 salaries)
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₹2 L/yr - ₹4.5 L/yr
Production Engineer
(83 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
Senior Software Engineer
(74 salaries)
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₹6.5 L/yr - ₹19 L/yr
System Test Engineer
(63 salaries)
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₹4.9 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
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Magna International Jobs
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Magna International News
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Stocks End Week with Declines
- Canada's main stock index fell after weak earnings from consumer discretionary firms Magna and MTY Food on Friday, while investors took some profits after strong gains in the previous session.
- The TSX Composite Index was belted 215.28 points to end Friday at 25,483.23. The index was still ahead, however, by 40 points, or 0.16% on the week.
- The Canadian dollar eked higher 0.10 cents to 70.57 cents U.S.
- Pipeline operator TC Energy beat estimates for fourth-quarter profit on Friday, but shares lost after earnings announcement.
Baystreet | 15 Feb, 2025
TSX Pitches Lower by Noon
- Canada's main stock index, the TSX Composite, fell during midday trading on Friday after weak earnings from consumer discretionary firms Magna and MTY Food.
- The Canadian dollar slightly increased to 70.60 cents U.S.
- Pipeline operator TC Energy reported better-than-expected fourth-quarter profit, but shares declined 2.4%.
- Overall, the TSX consumer discretionary sector, as well as the materials group, experienced declines.
Baystreet | 15 Feb, 2025
Magna International Lowers Guidance Due To Tariff Uncertainty
- Magna International lowers its forward guidance due to trade tariff uncertainty.
- Current trade tensions between the U.S. and Canada make forecasting more difficult.
- Fiscal 2026 revenue forecast lowered to $40.50 billion U.S. to $42.60 billion U.S.
- Other factors impacting Magna's operations and finances include competition from Chinese automakers and a strengthening U.S. dollar.
Baystreet | 14 Feb, 2025
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. 70% employees rated Magna International 4 or above, while 30% 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. 30% employees rated Magna International 3 or below, while 70% 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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