Tool Design Engineer IV Salary in the United States

How much does a Tool Design Engineer IV make in the United States? The average Tool Design Engineer IV salary in the United States is $101,672 as of April 27, 2019, but the range typically falls between $92,881 and $122,402. 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 the 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. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. Typically requires 7+ years of related experience. (Copyright 2019 Salary.com)

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Average Base Salary

Core compensation

 
 
 
92881
122402
101672

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
94312
125652
107014
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer IV in the United States. The base salary for Tool Design Engineer IV ranges from $92,881 to $122,402 with the average base salary of $101,672. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $94,312 to $125,652 with the average total cash compensation of $107,014.
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92881
122402

 

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Career Path for this job

  1. Down a level:

    Tool Design Engineer III

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Tool Design Engineer IV

    7 + years experience
    Bachelor's Degree

  3. Up a level:

    Tool Design Engineer V

    10 + years experience
    Bachelor's Degree

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Job Openings for Tool Design Engineer IV