How much does a Tool Design Engineer I make in Minnesota? The average Tool Design Engineer I salary in Minnesota is $78,698 as of February 26, 2024, but the range typically falls between $69,141 and $83,654. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Tool Design Engineer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Tool Design Engineer I Salary $60,440 MN February 26, 2024
25th Percentile Tool Design Engineer I Salary $69,141 MN February 26, 2024
50th Percentile Tool Design Engineer I Salary $78,698 MN February 26, 2024
75th Percentile Tool Design Engineer I Salary $83,654 MN February 26, 2024
90th Percentile Tool Design Engineer I Salary $88,165 MN February 26, 2024
25% $69,141 10% $60,440 90% $88,165 75% $83,654 $78,698 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a Tool Design Engineer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Value Engineering: Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The term "value management" is sometimes used as a synonym of "value engineering", and both promote the planning and delivery of projects with improved performance The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections.

3.

Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.

Analysis 6.75%
Value Engineering 2.34%
Billing 2.07%
Others 88.84%

Job Description for Tool Design Engineer I

Tool Design Engineer I designs and develops tools and machinery used to facilitate and optimize manufacturing processes. Reviews product design and build requirements to determine tooling concepts, design options, testing plans, and specifications. Being a Tool Design Engineer I develops designs for fixtures, jigs, gauges, cutting and forming tools, carts, racks, and other items to support production. Utilizes Computer-Aided Design (CAD) to create accurate, complete, and concise design models and documentation to fabricate tools. Additionally, Tool Design Engineer I estimates costs, resource requirements, and materials required for tools. May manage the sourcing, quoting, or procurement of purchased tools. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Tool Design Engineer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Tool Design Engineer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Tool Design Engineer I.

Salary.com job board provides millions of Tool Design Engineer I information for you to search for. Click on search button below to see Tool Design Engineer I job openings or enter a new job title here.

Job Openings for Tool Design Engineer I in Minnesota

Select a city to view specific salary and bonus information for Tool Design Engineer I

Loading results...
Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $81,309 Date Updated February 26, 2024
Location Minnetonka, MN Avg. Salary $81,816 Date Updated February 26, 2024
Location Ada, MN Avg. Salary $70,896 Date Updated February 26, 2024
Location Adams, MN Avg. Salary $76,295 Date Updated February 26, 2024
Location Adolph, MN Avg. Salary $73,530 Date Updated February 26, 2024
Location Adrian, MN Avg. Salary $67,786 Date Updated February 26, 2024
Location Afton, MN Avg. Salary $81,217 Date Updated February 26, 2024
Location Ah Gwah Ching, MN Avg. Salary $72,232 Date Updated February 26, 2024
Location Aitkin, MN Avg. Salary $72,900 Date Updated February 26, 2024
Location Akeley, MN Avg. Salary $71,929 Date Updated February 26, 2024

Career Path for Tool Design Engineer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Tool Design Engineer I, the upper level is Tool Design Engineer II and then progresses to Tool Design Engineer IV.

Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Tool Design Engineer I

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
Tool Design Engineer I Salary in Minnesota
Tool Design Engineer I Salary Graph, Regional Distribution and Summary