Avg. Base Salary (USD)
The average salary for a Product Engineer is $76,698 in 2023
What is the Pay by Experience Level for Product Engineers?
An entry-level Product Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $68,745 based on 236 salaries. An early career Product Engineer with 1-4 years of experience earns an average total compensation of $73,205 based on 1,401 salaries. A …Read more
What Do Product Engineers Do?
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.
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. …Read more
How do Product Engineers Rate Their Jobs?
FAQs About Product Engineers
What is the highest pay for Product Engineers?
Our data indicates that the highest pay for a Product Engineer is $103k / year
What is the lowest pay for Product Engineers?
Our data indicates that the lowest pay for a Product Engineer is $61k / year
How can Product Engineers increase their salary?
Increasing your pay as a Product Engineer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Product Engineer that oversees more junior Product Engineers, this experience can increase the likelihood to earn more.