Product Engineer Salary

Pay for Product Engineers in the United States sits in the ballpark of $68K annually. Total cash compensation to Product Engineers approaches anywhere from $51K on the lower end to $98K on the higher end; in exceptional cases, this can include more than $9K from bonuses and upwards of $8K from profit sharing. Compensation for this group is mainly affected by location, but career length and the specific company are influential factors as well. Men account for the majority of Product Engineers who responded to the questionnaire — 88 percent to be exact. Medical benefits are awarded to nearly all, and most earn dental coverage. Work is enjoyable for Product Engineers, who typically claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$50,683 - $95,248
(Median)
$51K
$68K
$95K
MEDIAN: $68,493
10%
50%
90%

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$18.88 - $38.80
(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 - $95,248  
   
Bonus
$0.00 - $8,730  
Profit Sharing
$1,011 - $8,161  
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).
)
$50,690 - $97,904  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,132
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
$18.88 - $38.80  
   
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 - $8,730  
   
Profit Sharing
$1,011 - $8,161  
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).
)
$50,690 - $97,904  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 143
United States (change)

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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 may experience a large salary bump if they progress into a role such as Product Engineering Manager. The latter position pays an average of $108K annually. With an annual salary of $91K, Senior Product Engineer is the most common role for Product Engineers to subsequently assume on their way up the ladder. Transitioning into a Mechanical Engineer role — which usually pays $63K — is also typical for Product Engineers, though less common by comparison.

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Popular Employer Salaries for Product Engineer


Product Engineers flock to Chrysler Group LLC., Ford Motor Company, Analog Devices Inc, Texas Instruments, Inc., and esri, highly regarded companies that employ a generous number of people in this profession. Freescale Semiconductor, Inc. offers the highest compensation with a median salary of $95K. Other employers shelling out big bucks include Ford Motor Company, Texas Instruments, Inc., and FMC Technologies, Inc., where Product Engineers typically earn around $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


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Data Analysis, Test Engineering, Problem Solving, and Project Management are correlated to pay that is above average. Skills that seem to negatively impact pay 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.


Product Engineers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have less than five years' experience make $64K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $75K. For Product Engineers, 10 to 20 years of experience on the job amounts to an average salary of $83K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $94K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


For Product Engineers, San Jose provides a pay rate that is 40 percent greater than the national average. Product Engineers can also look forward to large paychecks in cities like Santa Clara (+33 percent), Austin (+20 percent), Dallas (+19 percent), and Dearborn (+18 percent). The lowest-paying market is Milwaukee, which sits 14 percent below the national average. Employers also pay below the national average in Chicago (5 percent lower) and Minneapolis (1 percent lower).

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 1%

National Average
$70,000

Microsoft Word
up arrow 1%

Engineering Design
up arrow 2%

Windows Operating System General Use
up arrow 2%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 3%

Pro/Engineer
up arrow 4%



up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 439 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: 7%
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