Magna Company Culture
Magna Culture
This score is derived from employee ratings & reviews3.6/5
Magna's Overall Culture is rated C+
Top Rated Culture Dimensions
Perks & Benefits
B+Compensation
BCEO Rating
BHappiness
B-Diversity
C+Magna CEO
Top 35%Top 35% of Similar Size Companies on Comparably
75 /100
See More
Diversity at Magna
Top 50%Top 50% of Similar Size Companies on Comparably
C+
Diverse employees at Magna have rated Perks And Benefits, Team, and Compensation as the highest categories they have scored
Women at Magna
Bottom 20%Bottom 20% of Similar Size Companies on Comparably
D
Women at Magna have rated Perks And Benefits, Compensation, and Happiness as the highest categories they have scored
Magna eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Bottom 40%Bottom 40% of Similar Size Companies on Comparably
Recommend to a Friend?
11
Magna employees are 11% more likely to recommend Magna as a great place to work
| 42% | Promoters |
|---|---|
| 27% | Passives |
| 31% | Detractors |
Working at Magna
Working at Magna is rated average by 136 employees, across various culture dimensions. Magna employees are most satisfied about Perks And Benefits, Compensation, and CEO Rating categories, putting Magna’s culture in the Top 50% compared to similar sized companies on Comparably and in the Top 30% compared to other companies in New York. See below in detail how working at Magna was rated by employees.
Overall Company Culture at Magna
C+
Overall Company Culture at Magna is rated C+
Last updated months ago
Top
50%
Magna ranks in the Top 50% of other companies on Comparably with 11-50 Employees for Overall Company Culture Score
Magna Employee Reviews
Out of 104 Magna employee reviews, 69% were positive. The remaining 31% were constructive reviews with the goal of helping Magna improve their work culture.
| Positive Reviews | 69% |
|---|---|
| Constructive Feedback | 31% |
Positive Reviews From Magna Employees
- What did you like most about the interview process?People were straight forward, and all my questions were answered, I literally knew what I was getting myself into.
- What makes you most happy at work?Feeling I accomplished something every day.
- What is most positive about the culture and environment at your company?Working together on new ideas, wanting to better understand the equipment.
Constructive Feedback From Magna Employees
- What do your coworkers need to improve and how could you work together better?Company can start by treating people like people
- What would you most like to see improved at your company?The manager's attitude and smart mouth and more encouragement
- What needs to change to make the company culture better?get rid of the lazy people and bring in people that will do the job properly
Magna Company Information
Magna Company Overview
A New York based investment firm
Magna Mission, Vision & Values
Magna Mission Statement
Magna’s mission is to deliver superior investment results with limited risk in underserved market segments.
Magna Vision Statement
We exist to matter...for our own, our partners and society.
Magna Values
- Innovation
- Autonomy
- Transparency
- Understanding
- Impact
- Preservation
| Headquarter | 5 Hanover Square New York City, NY United States of America |
|---|---|
| Website | www.magnainvests.com |
| Founding Date | 2009 |
| Tel | (347) 491-4240 |
| Company Status | Public |
| Stock | MGA |
Magna Competitors
Magna competitors include Lear Corporation, Faurecia, and Johnson Controls. Magna ranks 2nd in Overall Culture Score on Comparably vs its competitors. See below how Magna compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
Magna Employees
136 employees at Magna have reviewed Magna across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.
Overall, the 136 Magna employees give their leadership a grade of C, or Bottom 45% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at Magna are pleased with their total compensation at Magna, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at Magna are pleased with their team. 136 Participants grade the quality of their coworkers a C. The majority believe the meetings at Magna are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at Magna believe the environment at Magna is positive. Most Participants believe the pace of work at Magna is extremely fast. About 47% of the employees at Magna work 8 hours or less, while 2% of them have an extremely long day - longer than twelve hours.
Overall, the employees at Magna are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
Magna employees generally work 9.4 hrs a day
Work Hours
A Day in the Life
Employees at Magna report the work pace is comfortably fast
Work Pace
A Day in the Life
On a typical day, employees at Magna have 3 meetings
Meetings
A Day in the Life
80% of Magna employees look forward to interacting with their team every day
Coworkers
A Day in the Life
Magna employees most often take 0-10 paid vacation and sick days each year
Perks & Benefits
A Day in the Life
57% of Magna employees report they are happy with their work life balance
Work Life Balance
A Day in the Life
Magna employees typically get valuable feedback on how to improve at work Once a month
Feedback
A Day in the Life
77% of Magna employees call their work environment positive
Environment
Joining Magna - Employee Onboarding
The prevailing opinion from employees about joining Magna is that the company was somewhat prepared on their first day. Magna employees concluded that their overall onboarding experience was positive. 80% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
Magna KPIs and OKRs
At Magna 80% of employees think their department KPIs and OKRs are clear. Employees’ understanding of Magna's KPIs and OKRs is essential for its success. Out of 10 Magna employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 8 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
Diversity & Inclusion at Magna
Diverse employees at Magna score the company 76/100 across various culture categories, placing Magna in the Top 50% of companies on Comparably with 11-50 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at Magna across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
Magna Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
Financial Benefits
- 401K / Retirement Plan
- Tuition Reimbursement
Magna PTO
Magna's PTO and Vacation policy typically gives 15-20 days off a year. Paid Time Off is Magna's 2nd most important benefit besides Healthcare when ranked by employees, with 33% of employees saying it is the most important benefit. Magna's benefits and PTO Package averages to represent a $1000 -$1500 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
Magna Careers
Magna Jobs
No Recent Jobs found for Magna on Comparably
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H1B Visa
In 2019, Magna applied for 4 H1B visas. Of the work permits applied for, 100% were approved.
Work Permit Application Outcome
4
Total Applied
H1B Applications Outcome
- 100% Granted (4 out of 4)
- 0% Denied ( out of 4)
- 0% Withdrawn Application was withdrawn by the employer before approval/rejection ( out of 4)
- 0% Certified-Withdrawn Application was approved but later withdrawn by employer ( out of 4)
This data was calculated using publicly sourced data from OFLC Performance Data
Let Magna Know You Want To Work There
Overview of Candidates Interested in Magna on Comparably
Candidates By Department
All Industries | 32% | |
|---|---|---|
Engineering | 23% | |
Sales | 14% | |
Business Development | 9% | |
Marketing | 9% | |
Other | 14% |
Candidates By Location
New York City | 36% | |
|---|---|---|
Los Angeles | 14% | |
Chicago | 9% | |
San Francisco | 9% | |
Seattle | 5% | |
Other | 27% |
Frequently Asked Questions regarding Magna
What is Magna address?
Magna location is at 5 Hanover Square
What is Magna eNPS?
The eNPS for Magna is 11
Who are Magna competitors?
Magna main competitors are Lear Corporation, Faurecia, Johnson Controls
What are the benefits at Magna?
Magna perks and benefits are Dental Insurance, Vision Insurance, Health Insurance, Life Insurance, PTO / Vacation Policy, Paid Holidays, 401K / Retirement Plan & Tuition Reimbursement
Does Magna allow employees to work from home?
13% of the employees of Magna report that they work hybrid - 1-2 days in office
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