How much does a Tool Design Engineer III make? The median annual Tool Design Engineer III salary is $91,804, as of June 28, 2017, with a range usually between $78,521-$101,348, however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Tool Design Engineer III in the United States.
This chart describes the expected percentage of people who perform the job of Tool Design Engineer III in the United States that make less than that annual salary. For example the median expected annual pay for a typical Tool Design Engineer III in the United States is $91,804, so 50% of the people who perform the job of Tool Design Engineer III in the United States are expected to make less than $91,804.
Source: HR Reported data as of June 28, 2017
This chart describes the expected percentage of people who perform the job of Tool Design Engineer III that make less than that salary. For example 50% of the people who perform the job of Tool Design Engineer III are expected to make less than the median.
Source: HR Reported data as of July 2017
Designs a wide variety of tools consistent with standard tool configuration, including cutting and forming tools. Studies blueprints and determines tool specifications and requirements by interfacing with manufacturing staff to determine the best design for the tool. Performs calculations to determine exact dimensions, materials required and cost of the tools. Works with engineering to identify problems with performance or tool life and recommends solutions or enhancements. May submit bids to purchase tools as a cost saving alternative. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View full job description