Product Design Engineer V Salary in the United States

How much does a Product Design Engineer V make in the United States? The average Product Design Engineer V salary in the United States is $162,863 as of May 01, 2023, but the range typically falls between $147,444 and $178,376. 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, develops, and enhances new and existing products/product lines. Evaluates and recommends specifications and ensures products meet the technical and functional requirements. Recommends and follows reliable, efficient, and cost-effective procedures. Performs feasibility, functional, and quality testing of designs. Works with other members of the engineering staff to ensure project milestones are met and that projects are completed according to established timelines. Requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. 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. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience. (Copyright 2023 Salary.com)

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Understand the total compensation opportunity for a Product Design Engineer V, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
147444
178376
162863

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
158848
201210
178548
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Product Design Engineer V in the United States. The base salary for Product Design Engineer V ranges from $147,444 to $178,376 with the average base salary of $162,863. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $158,848 to $201,210 with the average total cash compensation of $178,548.
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147444
178376

 

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Career Path for this job

  1. Down a level:

    Product Design Engineer IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Product Design Engineer V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Product Design Manager

    5 + years experience
    Bachelor's Degree

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Job Openings for Product Design Engineer V