Average Principal Mechanical Engineer with Product Development Skills Salary

$120,435
Avg. SalaryShow Hourly Rate
$9,085
Bonus
$4,000
Profit Sharing
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The average salary for a Principal Mechanical Engineer with Product Development skills is $120,435.
10%
$94k
MEDIAN
$120k
90%
$153k
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United States (change)
Salary
$94k - $153k
Bonus
$2k - $20k
Profit Sharing
$795 - $14k
Total Pay
$98k - $163k

Your Market Worth Over Time

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Job Description for Principal Mechanical Engineer

Principal Mechanical Engineer Tasks
  • Manage all aspects Mechanical Engineering projects from beginning phases until completion.
  • Research design and make decisions based on appearance, safety, budget, and function.
  • Manage time and cost to complete projects.

Popular Employer Salaries for Principal Mechanical Engineer

The top respondents for the job title Principal Mechanical Engineer are from the companies Northrop Grumman Corporation, Honeywell Aerospace and Carefusion Corporation. Reported salaries are highest at Northrop Grumman Corporation where the average pay is $126,346. Other companies that offer high salaries for this role include Honeywell Aerospace, earning around $121,021. Stryker Corp. pays the lowest at around $104,369. Carefusion Corporation also pays on the lower end of the scale, paying $120,049.

Principal Mechanical Engineer Job Listings

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Popular Skills for Principal Mechanical Engineer

Skills that pay less than market rate include Finite Element Analysis (FEA), Computer Aided Design (CAD), Project Management, Technical Analysis and Engineering Design.

Pay by Experience Level for Principal Mechanical Engineer

An early career Principal Mechanical Engineer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $97,405 based on 7 salaries. A mid-career Principal Mechanical Engineer with 5-9 years of experience earns an average total compensation of $107,592 based on 61 salaries. An experienced Principal Mechanical Engineer with 10-19 years of experience earns an average total compensation of $122,404 based on 156 salaries. In their late career (20 years and higher), employees earn an average total compensation of $123,668.
Employees with Principal Mechanical Engineer in their job title in San Jose, California earn an average of 23.1% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (11.6% more) and Houston, Texas (6.7% more). The lowest salaries can be found in Minneapolis, Minnesota (11.2% less).

Years of Experience

This data is based on 357 survey responses.
Early Career
2.0%
Mid Career
17.1%
Experienced
43.7%
Late Career
37.3%