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
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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Includes bonus, healthcare, and retirement
7 + years experience
10 + years experience
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