Product Engineer Salary
Average Product Engineers in the United States make around $70K per year. In the world of Product Engineers, overall income ranges from $52K near the bottom to $99K at the top; this can include more than $10K from bonuses and more than $12K from profit sharing in exceptional cases. The most influential factor affecting pay for this group is the company, though the particular city and tenure have a (lesser) impact as well. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The vast majority (88 percent) of Product Engineers who answered the questionnaire are male. The figures in this rundown are based on the results of PayScale's salary questionnaire.
|Salary||$52,424 - $96,089|
|Bonus||$1,016 - $9,803|
|Profit Sharing||$968 - $11,901|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$52,096 - $98,641|
|Hourly Rate||$19.26 - $41.52|
|Overtime||$27.76 - $57.90|
|Bonus||$1,016 - $9,803|
|Profit Sharing||$968 - $11,901|
|Total Pay (||$52,096 - $98,641|
Job Description for Product Engineer
Product engineers design and create products, either for the consumer sector or various industries, and also analyze the market and competing products in order to determine customers' needs.Read More...
Product engineers must be familiar with all parts of the product development cycle and up-to-date with all new technological advancements. Once a product idea has been crafted, feasibility analyses should be carried out to determine if a budget exists for the product and its potential to be profitable. Then, the product is designed and a prototype is made, and after sufficient testing is carried out, plans are made to produce the item on a larger scale and send it out to the market. After a product has been deployed, product engineers may need to provide support and issue fixes or improvements if problems are reported. Some products are discontinued when they do not sell well on the market.
Product engineers should be present for all steps of the product development cycle, and some of the work is done independently, but it's important to be able to work well with others during these stages to successfully bring new products to the market. A bachelor's or master's degree in engineering or a related field and a portfolio of past work may be required for this position.
Product Engineer Tasks
- Coordinate prototype submissions and new part approvals.
- Liaison with technical staff and its affiliates on technical issues.
- Maintain and support in-house testing.
- Maintain and support field test programs.
- Support sales and marketing on product and customer issues.
Common Career Paths for Product Engineer
Product Engineers who transition into a Product Engineering Manager role may receive large pay increases as the latter position pays an average $108K per year. Going from Product Engineer to Senior Product Engineer is the transition that occurs most often in this field, where the paychecks are $92K. Many others choose to work as Mechanical Engineers, where pay is typically $64K.
Popular Employer Salaries for Product Engineer
Many Product Engineers can be found at Chrysler Group LLC., esri, Micron Technology, Inc., Parker Hannifin Corp, and Texas Instruments, Inc., firms that are at the top of the field. Those at Lam Research Incorporated can expect to make the most, with the company offering a median salary of $115K. Soaring salaries can also be found at Freescale Semiconductor, Inc., FCA Corp, and Analog Devices Inc, where earnings of $95K, $90K, or $87K are standard for Product Engineers.
Workers at TRW Automotive Holdings, Takata, and Johnson Controls Inc also face smaller salaries than the rest of the field — average earnings for these employers come to $68K, $68K, and $69K respectively.
Popular Skills for Product Engineer
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Data Analysis, Test Engineering, Pro/Engineer, and Product Development are correlated to pay that is above average. Skills that pay less than market rate include AutoCAD, autodesk autocad, and SolidWorks. Most people familiar with Engineering Design also know Problem Solving and Project Management.
Pay by Experience Level for Product Engineer
Pay by Experience for a Product Engineer has a positive trend. An entry-level Product Engineer with less than 5 years of experience can expect to earn an average total compensation of $68,000 based on 1,198 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $77,000 based on 433 salaries. An experienced Product Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $84,000 based on 270 salaries. A Product Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $90,000 based on 117 salaries.
Pay Difference by Location
San Jose offers some of the highest pay in the country for Product Engineers, 40 percent above the national average. Product Engineers will also find cushy salaries in Dallas (+16 percent), Dearborn (+15 percent), Houston (+9 percent), and Auburn Hills (+9 percent). One of the biggest compensable factors for Product Engineers is geography, with workers in Mankato earning a whopping 27 percent below the national average. Employers also pay below the national average in Portland (11 percent lower) and Redlands (4 percent lower).
Product Engineer Reviews
Related Job Salaries
Key Stats for Product Engineer
Rated 4 out of 5
based on 257 votes.