Average Product Development Engineer Salary

The top respondents for the job title Product Development Engineer are from the companies Ford Motor Company, Intel Corporation and Acumed, LLC. Reported salaries are highest at Intel Corporation where the average pay is $87,891. Other companies that offer high salaries for this role include Ford Motor Company and TE Connectivity, Ltd., earning around $82,721 and $76,619, respectively. Embraer pays the lowest at around $62,827. Zimmer Inc. and Navistar International Corporation also pay on the lower end of the scale, paying $64,336 and $66,929, respectively.

Skills in Product Development and Project Management are correlated to pay that is above average. Skills that pay less than market rate include SolidWorks, Computer Aided Design (CAD) and Engineering Design.

An entry-level Product Development Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $65,042 based on 225 salaries. An early career Product Development Engineer with 1-4 years of experience earns an average total compensation of $70,150 based on 1,311 salaries. A mid-career Product Development Engineer with 5-9 years of experience earns an average total compensation of $79,001 based on 666 salaries. An experienced Product Development Engineer with 10-19 years of experience earns an average total compensation of $89,766 based on 249 salaries. In their late career (20 years and higher), employees earn an average total compensation of $98,825.

Employees with Product Development Engineer in their job title in San Jose, California earn an average of 40.4% more than the national average. These job titles also find higher than average salaries in Dearborn, Michigan (11.4% more) and Boston, Massachusetts (9.9% more). The lowest salaries can be found in Chicago, Illinois (1.6% less).