Product Engineer Salary

Product Engineers in the United States take home an average $68K annually. Overall cash earnings for Product Engineers stretch from $51K on the lower end to $97K near the top, and the heftiest packages can encompass around $9K from bonuses and $8K from profit sharing. Earnings for this group are mostly affected by geographic location, followed by career duration and the specific company. The majority of Product Engineers claim high levels of job satisfaction. Male Product Engineers far outnumber their female contemporaries among those who completed the questionnaire. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The data in this summary comes from the PayScale salary survey.

$50,620 - $94,630

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$18.95 - $38.74

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33K$66K$99K
Salary
$50,620 - $94,630  
   
Bonus
$0.00 - $8,718  
Profit Sharing
$1,009 - $8,046  
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).
)
$50,548 - $97,478  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,154
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19$38$57
Hourly Rate
$18.95 - $38.74  
   
Overtime
$1.47 - $56.24  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $8,718  
   
Profit Sharing
$1,009 - $8,046  
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).
)
$50,548 - $97,478  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 145
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Job Description for Product Engineer

  • Maintain and support field test programs.
  • Support sales and marketing on product and customer issues.
  • Maintain and support in-house testing.
  • Coordinate prototype submissions and new part approvals.
  • Liaison with technical staff and its affiliates on technical issues.

Common Career Paths for Product Engineer


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Product Engineers who go on to become Product Engineering Managers may see their salaries climb quite a bit. Median pay for Product Engineering Managers is $109K annually. As Product Engineers progress in their field, many go on to become Senior Product Engineers. In fact, this transition is more common than anything else, and pay for the position is usually $91K per year. Another common career choice for Product Engineers is to move into a Mechanical Engineer role. Typically, Mechanical Engineers get paid $63K.

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Popular Employer Salaries for Product Engineer


Many Product Engineers can be found at Chrysler Group LLC., Ford Motor Company, Analog Devices Inc, Texas Instruments, Inc., and esri, firms that are at the top of the field. Those at Freescale Semiconductor, Inc. can expect to make the most, with the company offering a median salary of $95K. Those in search of high salaries should also consider Ford Motor Company, Texas Instruments, Inc., and FMC Technologies, Inc., top-paying firms where Product Engineers rake in a $82K, $81K, or $80K, respectively.

Others at the bottom of the scale for this job include Johnson Controls Inc at $67K, and esri where $69K is the norm, but it is worth noting that some Product Engineers there earn up to $87K.

Popular Skills for Product Engineer


Product Engineers seem to require a rather large skill set. Most notably, skills in Data Analysis, Test Engineering, Project Management, and Problem Solving are correlated to pay that is above average. Skills that pay less than market rate include AutoCAD, SolidWorks, and Computer Aided Design. Most people who know Engineering Design also know Problem Solving and Project Management.

Pay by Experience Level for Product Engineer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $64K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $75K. The average pay reported by folks with 10 to 20 years of experience is around $83K. People who have worked for more than 20 years report a median income of $93K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Surpassing the national average by 40 percent, Product Engineers in San Jose receive some of the highest pay in the country. Product Engineers can also look forward to large paychecks in cities like Santa Clara (+33 percent), Dallas (+20 percent), Austin (+19 percent), and Dearborn (+18 percent). The lowest-paying market is Milwaukee, which sits 13 percent below the national average. Workers in Chicago and Phoenix earn salaries that trail the national average for those in this profession (5 percent less and 2 percent less, respectively).

Product Engineer Reviews

What is it like working as a Product Engineer?

Product Engineer in Bloomington:
"Rewarding."
Pros: I enjoy the office culture and atmosphere. It is fun and enjoyable to work at MTL. The problem solving aspect is a very rewarding and fun part of my job as well. I enjoy learning new things and refining the skills that I already have.
Cons: The amount of travel at times can be slightly stressful but there isn't anything that I really don't like about my job.

Related Job Salaries

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Experience Affects Product Engineer Salaries




National Average
$69,000


Skills That Affect Product Engineer Salaries


Test Engineering
up arrow 4%

Product Development
up arrow 2%

Problem Solving
up arrow 2%

Project Management
up arrow 2%

Manufacturing Process Engineering
up arrow 2%

National Average
$69,000

Engineering Design
up arrow 1%

Microsoft Word
up arrow 1%

Windows Operating System General Use
up arrow 2%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 3%




up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 432 votes.

Gender

Female
11 %
Male
89 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
26%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 83%
vision benefits Vision: 68% employee benefits None: 7%
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