Salary AI Book a Demo

Electrical Project Engineer Salary at Peerless Machine & Tool Corp BETA

Salary Overview

Job Skills

Company Info

Similar Pay

Related Jobs

FAQs

Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
25% $83,742 10% $77,828 90% $101,646 75% $96,229 $90,276 50%(Median)
Employers: Find Surveys For This Job Employers: Price Your Company Jobs Employees: View your Salary

As of October 2026, the average salary for Electrical Project Engineer at Peerless Machine & Tool Corp in the United States is $90,276 per year, which is equivalent to an hourly rate of approximately $43. Most salaries for this position fall within the range of $83,742 to $96,229 annually.

Report this Job

Electrical Project Engineer Salary by Experience Level at Peerless Machine & Tool Corp

The following compensation progression is modeled by anchoring Peerless Machine & Tool Corp's median pay against proprietary MFG Durable career trajectories. This analysis estimates how Electrical Project Engineer earnings typically scale from entry-level to principal roles, reflecting the specific growth curves standard within the MFG Durable sector.

Level & Experience Est. Annual Base Est. Hourly Rate Salary Progression
Starting Pay 0-1 Year (Entry) $71,065 $34.17 Baseline
Early Career 1-3 Years (Junior) $80,598 $38.75 +13.4%
Market Median 4-6 Years (Anchor) $90,276 $43.40 Average
Seasoned 7-10 Years (Senior) $97,065 $46.67 +36.6%
High Performance 10-14 Years (Lead) $112,664 $54.17 +58.5%
Top Earner 15+ Years (Expert) $142,997 $68.75 +101.2%

Is Peerless Machine & Tool Corp's Electrical Project Engineer Salary Competitive?

The scorecard below provides a multi-dimensional analysis of Electrical Project Engineer compensation at Peerless Machine & Tool Corp. By comparing base salary against direct industry competitors, state-level averages, and local city benchmarks.
Benchmark
Entity		 Avg. Annual Salary Est. Hourly rate
MFG Durable Industry Avg. $125,651 $60.41
Marion, IN City Avg. $115,578 $55.57
Indiana State Avg. $118,974 $57.20
National Average National Avg. $123,944 $59.59

Key Skills & Their Impact on an Electrical Project Engineer at Peerless Machine & Tool Corp?

To succeed and maximize your earning potential as an Electrical Project Engineer at Peerless Machine & Tool Corp, 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
Electrical Engineering
Electrical engineering is a technical discipline concerned with the study, design and application of equipment, devices and systems which use electricity, electronics, and electromagnetism.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Schematic
A schematic, or schematic diagram, is a representation of the elements of a system using abstract, graphic symbols rather than realistic pictures.
Consulting
Providing technical or business expertise and advice to internal or external clients.
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.
See More Skills

Electrical Project Engineer Career Path and Growth Opportunities

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

Base Salary $123,944
Total Compensation $128,182
Base Salary $147,102
Total Compensation $174,252
Base Salary $191,040
Total Compensation $214,775
Base Salary $123,944
Total Compensation $128,182
Base Salary $143,785
Total Compensation $153,939
Base Salary $166,791
Total Compensation $192,071
Base Salary $123,944
Total Compensation $128,182
Base Salary $143,785
Total Compensation $161,513
Base Salary $169,231
Total Compensation $202,471
Base Salary $123,944
Total Compensation $128,182
Base Salary $143,785
Total Compensation $176,007
Base Salary $177,650
Total Compensation $214,813

Peerless Machine & Tool Corp Overview

Website
www.peerlessmachine.com
Founded In
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1804 W 2nd St Marion Indiana IN 46952
Revenue
$10 Million - $50 Million
Phone Number
+1 7656622586
Social Media
About Peerless Machine & Tool Corp
Peerless Machine & Tool Corporation was founded in 1922 by Mr. John H. Carson. With six employees and 3,000 square feet of shop space he set up business in Marion, Indiana. In the early years, the company specialized in repairing machinery for the corrugated board industry. However, it wasn't long before opportunities in the paperboard converting and forming markets became available. In 1926, the

Companies Similar to Peerless Machine & Tool Corp

Explore other companies related to Peerless Machine & Tool Corp within the same industry. Compare company profiles, services, and insights to see how Peerless Machine & Tool Corp aligns with its peers. Click a company to learn more.

Swiss-Micron Inc

Rancho Santa Margarita, California

MFG Durable

Metal Cutting Corp

Cedar Grove, New Jersey

MFG Durable

Pittsburgh Plastics Manufacturing Inc

Butler, Pennsylvania

MFG Durable

Cole Hardwood Inc

Logansport, Indiana

MFG Durable

Jobs Related to Peerless Machine & Tool Corp Roles

Explore related job opportunities to compare salaries, benefits, and career opportunities across different employers. Click on a job title to learn more.

Be Your Own Boss – Tool Sales Franchise w/ Training

Company

MAC Tools

Logansport , IN

Mac Tools Outside Sales Distributor – Full Training

Company

MAC Tools

Huntington , IN

Mac Tools Route Sales – Full Training

Company

MAC Tools

Marion , IN

Automotive Tool Sales / Route Manager – Full Training

Company

MAC Tools

Anderson , IN

Be Your Own Boss – Tool Sales Franchise w/ Training

Company

MAC Tools

Muncie , IN

Field Service Technician

Company

Jobot

Noblesville , IN

Process Engineer

Company

Jobot

Markleville , IN

FAQ about Salary and Jobs at Peerless Machine & Tool Corp

FAQ 1: How much does Peerless Machine & Tool Corp pay per hour?
The average hourly pay is $43. 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 Peerless Machine & Tool Corp?
According to the data, the highest approximate salary is about $96,229 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 Peerless Machine & Tool Corp?
According to the data, the lowest estimated salary is about $83,742 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.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning