How much does a Tool Design Engineer IV make? The median annual Tool Design Engineer IV salary is $98,463, as of January 30, 2018, with a range usually between $89,951-$118,539, 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 IV in the United States.
COMPANALYST DRIVES ENTERPRISE SUCCESS
Learn how best-in-class companies use CompAnalyst to create new,
personalized talent management experiences for their employees.
This chart describes the expected percentage of people who perform the job of Tool Design Engineer IV in the United States that make less than that annual salary. For example the median expected annual pay for a typical Tool Design Engineer IV in the United States is $98,463, so 50% of the people who perform the job of Tool Design Engineer IV in the United States are expected to make less than $98,463.
Source: HR Reported data as of January 30, 2018
GET CUSTOMIZED SOLUTIONS FOR YOUR BUSINESS
Grow your business with detailed skills and competencies
reports, job and employee pricing, and other powerful
This chart describes the expected percentage of people who perform the job of Tool Design Engineer IV that make less than that salary. For example 50% of the people who perform the job of Tool Design Engineer IV are expected to make less than the median.
Source: HR Reported data as of February 2018
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. View full job description