Salary for
Tool Design Engineer V in the United States

How much does a Tool Design Engineer V earn in the United States? The average Tool Design Engineer V salary in the United States is $112,591 as of March 28, 2019, but the range typically falls between $102,312 and $137,658. 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. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Typically requires 10+ years of related experience.

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Salary range for a Tool Design Engineer V
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Average Base Salary

Core compensation

 
 
 
102312
137658
112591

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
107571
139152
120258
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Tool Design Engineer V in the United States. The base salary for Tool Design Engineer V ranges from $102,312 to $137,658 with the average base salary of $112,591. The total compensation, which includes bonus, health and retirement, can vary anywhere from $107,571 to $139,152 with the average total compensation of $120,258.
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102312
137658
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Career Path for this job

  1. Down a level:

    Tool Design Engineer IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Tool Design Engineer V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Tool Design Engineering Manager


    Bachelor's Degree

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Job Openings for Tool Design Engineer V