Product Engineer Salary
Product Engineers in the United States can expect wages of $70K per year on average. 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. While the particular city and experience level impact pay for this group, the particular firm is the most influential factor. A large number enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Most Product Engineers report high levels of job satisfaction. Men account for the majority of Product Engineers who responded to the questionnaire — 87 percent to be exact. The data for this snapshot was collected from individuals who took PayScale's salary survey.
|Salary||$52,178 - $96,667|
|Bonus||$1,009 - $9,959|
|Profit Sharing||$766 - $11,996|
|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).)
|$51,743 - $99,093|
|Hourly Rate||$18.72 - $41.69|
|Overtime||$27.26 - $59.78|
|Bonus||$1,009 - $9,959|
|Profit Sharing||$766 - $11,996|
|Total Pay (||$51,743 - $99,093|
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
For Product Engineers, progressing to a Product Engineering Manager role may result in a significant raise. On average, a Product Engineering Manager can earn $108K annually. The most common career progression for Product Engineers leads to becoming a Senior Product Engineer, where average pay is $92K annually. However, many Product Engineers also opt to become Mechanical Engineers. Typically, a Mechanical Engineer brings home $64K.
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Popular Employer Salaries for Product Engineer
Product Engineers fill the offices of leading firms Chrysler Group LLC., esri, Analog Devices Inc, Micron Technology, Inc., and Texas Instruments, Inc. Lam Research Incorporated attracts talent by shelling out the biggest paychecks in the area — the median in that office is $115K. FCA Corp, Freescale Semiconductor, Inc., and Texas Instruments, Inc. also offer top salaries for Product Engineers. Workers at these firms can expect to earn about $99K, $95K, and $89K, respectively.
A few other companies with smaller-than-average paychecks include TRW Automotive Holdings ($68K), Takata ($68K), and Johnson Controls Inc ($69K).
Popular Skills for Product Engineer
Product Engineers report using a deep pool of skills on the job. Most notably, skills in Test Engineering, Data Analysis, Pro/Engineer, and Product Development are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include AutoCAD, autodesk autocad, and SolidWorks. Those educated in Engineering Design tend to be well versed in 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. Respondents with less than five years' experience take home $67K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $77K. Product Engineers with one to two decades of relevant experience report an average salary of approximately $84K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $91K.
Pay Difference by Location
San Jose offers some of the highest pay in the country for Product Engineers, 49 percent above the national average. Product Engineers will also find cushy salaries in Dallas (+17 percent), Dearborn (+16 percent), Auburn Hills (+10 percent), and Houston (+9 percent). With compensation 11 percent below the national average, Portland is not known for hefty paychecks and actually represents the lowest-paying market. Redlands and Novi are a couple other places where companies are known to pay below the median — salaries are 3 percent lower and 2 percent lower, respectively.
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