How much does a Tool Design Engineer III make in the United States? The average Tool Design Engineer III salary in the United States is $109,442 as of February 26, 2024, but the range typically falls between $95,878 and $120,398. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Tool Design Engineer III Salary $83,529 US February 26, 2024
25th Percentile Tool Design Engineer III Salary $95,878 US February 26, 2024
50th Percentile Tool Design Engineer III Salary $109,442 US February 26, 2024
75th Percentile Tool Design Engineer III Salary $120,398 US February 26, 2024
90th Percentile Tool Design Engineer III Salary $130,374 US February 26, 2024
25% $95,878 10% $83,529 90% $130,374 75% $120,398 $109,442 50%(Median) Didn’t find job title? Click
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Check out Tool Design Engineer jobs in Ashburn, Virginia

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What skills does a Tool Design Engineer III 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.

RFI: A RFI (request for information) is a common business process whose purpose is to collect written information about the capabilities of various suppliers.

3.

RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.

Analysis 0.11%
RFI 0.04%
RFP 0.03%
Others 99.82%

Job Description for Tool Design Engineer III

Tool Design Engineer III 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 III 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 III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Tool Design Engineer III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Tool Design Engineer III

Career Path for Tool Design Engineer III

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 III, the upper level is Tool Design Engineer IV and then progresses to Tool Design Engineer V.

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 III salary varies from city to city. Compared with national average salary of Tool Design Engineer III, the highest Tool Design Engineer III salary is in San Francisco, CA, where the Tool Design Engineer III salary is 25.0% above. The lowest Tool Design Engineer III salary is in Miami, FL, where the Tool Design Engineer III 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 III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
95878
120398
109442

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
99074
126265
112452
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer III in the United States. The base salary for Tool Design Engineer III ranges from $95,878 to $120,398 with the average base salary of $109,442. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,074 to $126,265 with the average total cash compensation of $112,452.
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95878
120398

 

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Skills associated with Tool Design Engineer III: Manufacturing Engineering, Lean Manufacturing, Design Review, Integrity Engineering ...More

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Tool Design Engineer III Salary in United States
Tool Design Engineer III Salary Graph, Regional Distribution and Summary