Salary for
Tool Design Engineer III in the United States

How much does a Tool Design Engineer III earn in the United States? The average Tool Design Engineer III salary in the United States is $95,971 as of March 28, 2019, but the range typically falls between $82,083 and $105,951. 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.  View Cost of Living in Major Cities

Job Description

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.

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Salary range for a Tool Design Engineer III
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Average Base Salary

Core compensation

 
 
 
82083
105951
95971

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
85793
109970
97838
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Tool Design Engineer III in the United States. The base salary for Tool Design Engineer III ranges from $82,083 to $105,951 with the average base salary of $95,971. The total compensation, which includes bonus, health and retirement, can vary anywhere from $85,793 to $109,970 with the average total compensation of $97,838.
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82083
105951
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Career Path for this job

  1. Down a level:

    Tool Design Engineer II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Tool Design Engineer III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Tool Design Engineer IV

    7 + years experience
    Bachelor's Degree

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Job Openings for Tool Design Engineer III