Business Development Engineer Salary at Formsprag Co BETA

25% $93,925 10% $84,061 90% $125,338 75% $115,564 $104,823 50%(Median)

As of August 2026, the average salary for Business Development Engineer at Formsprag Co in the United States is $104,823 per year, which is equivalent to an hourly rate of approximately $50. Most salaries for this position fall within the range of $93,925 to $115,564 annually.

Key Skills & Their Impact on a Business Development Engineer at Formsprag Co?

To succeed and maximize your earning potential as a Business Development Engineer at Formsprag Co, a specific set of skills is crucial. The competencies listed below are highly valued. Explore the skills that can boost your compensation.

Skills Level of importance Description
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Machine Learning
Using mathematical models, data, and algorithms to help a computer learn without direct instruction.
Futures
Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Innovation
The ability and process of implementing new ideas and initiatives to improve organizational performance.
Algorithms
Algorithms act as an exact list of instructions that conduct specified actions step by step in either hardware- or software-based routines.

Business Development Engineer Career Path and Growth Opportunities

Understanding the career path for a Business Development Engineer can help you plan long-term professional growth. Below is a typical career progression for a Business Development Engineer, highlighting common next-step roles and opportunities for increased responsibility and compensation.

FORMSPRAG Co Overview

Website
www.formsprag.com
Founded In
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
23601 Hoover Rd Warren Michigan MI 48089
Revenue
$10 Million - $50 Million
Phone Number
+1 5867585000
Social Media
About FORMSPRAG Co
Formsprag Clutch provides superior overrunning clutch technologies for challenging industrial applications worldwide. For more than 50 years Formsprag Clutch has been known as the world's leading authority for the design and manufacture of long-life overrunning clutches, backstops, bi-directional clutches and clutch couplings. Formsprag offers the broadest range of both sprag and ramp & roller typ

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FAQ about Salary and Jobs at Formsprag Co

FAQ 1: How much does Formsprag Co pay per hour?
The average hourly pay is $50. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
FAQ 2: What is the highest salary at Formsprag Co?
According to the data, the highest approximate salary is about $115,564 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
FAQ 3: What is the lowest pay at Formsprag Co?
According to the data, the lowest estimated salary is about $93,925 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
FAQ 4: What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.