How much does a Tool Design Engineer I make in Texarkana, AR? The average Tool Design Engineer I salary in Texarkana, AR is $69,990 as of February 26, 2024, but the range typically falls between $61,490 and $74,397. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Tool Design Engineer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Tool Design Engineer I Salary $53,752 Texarkana,AR February 26, 2024
25th Percentile Tool Design Engineer I Salary $61,490 Texarkana,AR February 26, 2024
50th Percentile Tool Design Engineer I Salary $69,990 Texarkana,AR February 26, 2024
75th Percentile Tool Design Engineer I Salary $74,397 Texarkana,AR February 26, 2024
90th Percentile Tool Design Engineer I Salary $78,409 Texarkana,AR February 26, 2024
25% $61,490 10% $53,752 90% $78,409 75% $74,397 $69,990 50%(Median) Didn’t find job title? Click
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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

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Job Openings for Tool Design Engineer I in Texarkana, AR

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.

Those that have already made the climb...
Glyn A. Rodgers, President-Matrix PDM Engineering
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; an... More
Fiscal Year Ended in 2023
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Tool Design Engineer I salary varies from city to city. Compared with national average salary of Tool Design Engineer I, the highest Tool Design Engineer I salary is in San Francisco, CA, where the Tool Design Engineer I salary is 25.0% above. The lowest Tool Design Engineer I salary is in Miami, FL, where the Tool Design Engineer I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Tool Design Engineer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
61490
74397
69990

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
62570
76598
70966
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer I in Texarkana, AR. The base salary for Tool Design Engineer I ranges from $61,490 to $74,397 with the average base salary of $69,990. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $62,570 to $76,598 with the average total cash compensation of $70,966.
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For a real-time salary target, tell us more about your role in the four categories below.

61490
74397

 

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About Texarkana, Arkansas    Texarkana is a city in Arkansas and the county seat of Miller County. The city is located across the state line from its twin city, Texarkana, Texas. ....More

Texarkana, Arkansas  area prices were up 1.2% from a year ago    View the Cost of Living in Texarkana, Arkansas

Tool Design Engineer I Salary in popular cities: Little RockFort SmithFayetteville

Skills associated with Tool Design Engineer I: Value Engineering, CAD Software, 3D Modeling, As-Is Analysis ...More

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Jobs with a similar salary range to Tool Design Engineer I : Tool Designer

Salary estimation for Tool Design Engineer I at companies like : Napco Manufacturing Corp, Power Americas Resource Group Ltd, Val U Supermarkets Inc