Product Engineer Salary

Product Engineers in the United States can expect wages of $68K per year on average. Including potential for bonuses and profit sharing — peaking near $9K and $8K, respectively — total cash payment to Product Engineers can bottom out near $51K or peak near $98K depending on individual performance. The most influential factor affecting pay for this group is location, though tenure and the specific company have a (lesser) impact as well. Medical benefits are awarded to almost all, and a large number earn dental coverage. There are far more male Product Engineers survey respondents than women, making up 88 percent. Job satisfaction is high and work is enjoyable for most Product Engineers. This overview is based on answers to PayScale's salary questionnaire.

$50,683 - $95,069
(Median)
$51K
$68K
$95K
MEDIAN: $68,379
10%
50%
90%

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$18.80 - $38.77
(Median)
$19
$30
$39
MEDIAN: $29.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$33K$66K$99K
Salary
$50,683 - $95,069  
   
Bonus
$0.00 - $8,705  
Profit Sharing
$1,011 - $8,175  
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).
)
$50,630 - $97,796  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,119
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$19$38$57
Hourly Rate
$18.80 - $38.77  
   
Overtime
$1.47 - $56.24  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $8,705  
   
Profit Sharing
$1,011 - $8,175  
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).
)
$50,630 - $97,796  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 144
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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 $108K annually. The most common career progression for Product Engineers leads to becoming a Senior Product Engineer, where average pay is $91K annually. However, many Product Engineers also opt to become Mechanical Engineers. Typically, a Mechanical Engineer brings home $63K.

Product Development Engineer Job Listings

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Popular Employer Salaries for Product Engineer


Chrysler Group LLC., Ford Motor Company, Analog Devices Inc, Texas Instruments, Inc., and esri are all popular places to work. Those at Freescale Semiconductor, Inc. can expect to make the most, with the company offering a median salary of $95K. Other big spenders include Ford Motor Company, Texas Instruments, Inc., and FMC Technologies, Inc., top-paying firms where Product Engineers see paychecks nearing $82K, $81K, or $80K.

Other low-paying employers include Johnson Controls Inc at $67K and esri at $69K, though some Product Engineers there earn up to $87K.

Popular Skills for Product Engineer


Product Engineers seem to exploit a large range of skills on the job. Most notably, skills in Data Analysis, Test Engineering, Project Management, and Problem Solving are correlated to pay that is above average. At the other end of the pay range are skills like AutoCAD, SolidWorks, and Computer Aided Design. Those familiar with Engineering Design also tend to 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.


Product Engineers do not generally earn higher incomes from more experience in the field. Workers in their first five years can expect to earn $64K, but people who have been around for five to 10 years earn a noticeably bigger sum of $74K. Product Engineers bring in $83K after working for 10 to 20 years. Product Engineers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $94K.

Pay Difference by Location


With a pay rate for Product Engineers that is 40 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. Product Engineers will also find cushy salaries in Santa Clara (+31 percent), Austin (+22 percent), Dallas (+20 percent), and Dearborn (+18 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Milwaukee. Chicago and Minneapolis are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 1 percent lower, 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
$70,000


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
$70,000

Microsoft Word
up arrow 1%

Engineering Design
up arrow 2%

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 2%

Microsoft Office
up arrow 3%

Pro/Engineer
up arrow 3%



up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 441 votes.

Gender

Female
12 %
Male
88 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
26%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 84%
vision benefits Vision: 68% employee benefits None: 6%
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