The average salary for a Product Engineer is $71,348.
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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. Then…Read more
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.
Job Satisfaction for Product Engineer
Popular Employer Salaries for Product Engineer
The top respondents for the job title Product Engineer are from the companies Chrysler Group LLC., Moog, Inc. and Esri. Reported salaries are highest at Lam Research Incorporated where the average pay is $110,483. Other companies that offer high salaries for this role include Analog Devices Inc and Esri, earning around $81,716 and $80,000, respectively. Magna International pays the lowest at around $67,383. Moog, Inc. and Chrysler Group LLC. also pay on the lower end of the scale, paying $76,000 and $78,146, respectively.
Product Engineer Job Listings
What Are Popular Skills for Product Engineers?
Skills in Product Development, Problem Solving and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Computer Aided Design (CAD) and Engineering Design.
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 $64,461 based on 314 salaries. An early career Product Engineer with 1-4 years of experience earns an average total compensation of $68,461 based on 1,660 salaries. A mid-career Product Engineer with 5-9 years of experience earns an average total compensation of $77,731 based on 740 salaries. An experienced Product Engineer with 10-19 years of experience earns an average total compensation of $85,345 based on 343 salaries. In their late career (20 years and higher), employees earn an average total compensation of $92,192.
Pay Difference by Location
Employees with Product Engineer in their job title in San Jose, California earn an average of 39.2% more than the national average. These job titles also find higher than average salaries in Detroit, Michigan (7.6% more) and Auburn Hills, Michigan (5.3% more). The lowest salaries can be found in Milwaukee, Wisconsin (4.1% less) and Grand Rapids, Michigan (1.6% less).
Years of Experience
This data is based on 3,280 survey responses.