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Manager, Engineering Salary at Peerless Machine & Tool Corp BETA

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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
25% $107,966 10% $98,314 90% $137,733 75% $128,633 $118,632 50%(Median)
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As of October 2026, the average salary for Manager, Engineering at Peerless Machine & Tool Corp in the United States is $118,632 per year, which is equivalent to an hourly rate of approximately $57. Most salaries for this position fall within the range of $107,966 to $128,633 annually.

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Manager, Engineering 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 Manager, Engineering 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) $93,387 $44.90 Baseline
Early Career 1-3 Years (Junior) $105,915 $50.92 +13.4%
Market Median 4-6 Years (Anchor) $118,632 $57.03 Average
Seasoned 7-10 Years (Senior) $127,554 $61.32 +36.6%
High Performance 10-14 Years (Lead) $148,053 $71.18 +58.5%
Top Earner 15+ Years (Expert) $187,914 $90.34 +101.2%

Is Peerless Machine & Tool Corp's Manager, Engineering Salary Competitive?

The scorecard below provides a multi-dimensional analysis of Manager, Engineering 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
Global Steel Products Corp Top Competitor $149,867 $72.05
MFG Durable Industry Avg. $158,368 $76.14
Marion, IN City Avg. $145,672 $70.03
Indiana State Avg. $149,953 $72.09
National Average National Avg. $156,217 $75.10

Key Skills & Their Impact on a Manager, Engineering at Peerless Machine & Tool Corp?

To succeed and maximize your earning potential as a Manager, Engineering 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
Leadership
Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Coaching
Coaching is a form of development in which an experienced person, called a coach, supports a learner or client in achieving a specific personal or professional goal by providing training and guidance.
Planning
An act or process of making or carrying out plans.
Software Engineering
Software engineering is the application of engineering to the development of software in a systematic method.
Mentoring
Helping others to develop and improve existing knowledge, skills, and experience to advance careers and reach full potential.
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Manager, Engineering Career Path and Growth Opportunities

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

Base Salary $156,217
Total Compensation $177,667
Base Salary $179,707
Total Compensation $231,745
Base Salary $200,869
Total Compensation $284,728
Base Salary $156,217
Total Compensation $177,667
Base Salary $198,532
Total Compensation $240,754
Base Salary $156,217
Total Compensation $177,667
Base Salary $179,925
Total Compensation $223,406
Base Salary $201,027
Total Compensation $251,092

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

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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 $57. 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 $128,633 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 $107,966 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.

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