Model Builder Salary at Team Penske BETA

How much does a Team Penske Model Builder make?

As of December 2024, the average annual salary for a Model Builder at Team Penske is $64,013, which translates to approximately $31 per hour. Salaries for Model Builder at Team Penske typically range from $56,558 to $73,751, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Team Penske Overview

Website:
teampenske.com
Size:
200 - 500 Employees
Revenue:
$50M - $200M
Industry:
Hospitality & Leisure

Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 590 major race wins, over 650 pole positions and 41 championships across open-wheel, stock car and sports car racing competition. Over the course of its 56-year history, the team has also earned 18 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a win in Australia's legendary Bathurst 1000 race. In 2022, Team Penske will compete in the NTT INDYCAR SERIES, NASCAR Cup Series and the World Endurance Championship.

See similar companies related to Team Penske

What Skills Does a person Need at Team Penske?

At Team Penske, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. CNC: Numerical control is the automated control of machining tools by means of a computer. A CNC machine processes a piece of material to meet specifications by following coded programmed instructions
  2. CAD: Computer-aided design is the use of computers to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer
  3. Welding: Welding is a fabrication or sculptural process that joins materials, usually metals or thermoplastics, by using high heat to melt the parts together and allowing them to cool causing fusion. Welding is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal. In addition to melting the base metal, a filler material is typically added to the joint to form a pool of molten material (the weld pool) that cools to form a joint that, based on weld configuration (butt, full penetration, fillet, etc.), can be stronger than the base material (parent metal). Pressure may also be used in conjunction with heat, or by itself, to produce a weld. Welding also requires a form of shield to protect the filler metals or melted metals from being contaminated or oxidized. Many different energy sources can be used for welding, including a gas flame (chemical), an electric arc (electrical), a laser, an electron beam, friction, and ultrasound. While often an industrial process, welding may be performed in many different environments, including in open air, under water, and in outer space. Welding is a hazardous undertaking and precautions are required to avoid burns, electric shock, vision damage, inhalation of poisonous gases and fumes, and exposure to intense ultraviolet radiation.
  4. Product Development: Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
  5. Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.

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Check more jobs information at Team Penske

Job Title Average Team Penske Salary Hourly Rate
2 Accountant $81,382 $39
3 Apparel Coordinator $130,480 $63
4 Assembly Manager $99,166 $48
5 Business Associate $141,358 $68
6 Chief $264,761 $127
7 Chief Financial Officer $398,107 $191
8 Data Engineer $116,604 $56
9 Director, Transportation $145,566 $70
10 Engineering Intern $54,437 $26
11 Fabricator $63,217 $30
12 Junior Engineer $123,873 $60
13 Manager, Accounting $111,605 $54

Hourly Pay at Team Penske

The average hourly pay at Team Penske for a Model Builder is $31 per hour. The location, department, and job description all have an impact on the typical compensation for Team Penske positions. The pay range and total remuneration for the job title are shown in the table below. Team Penske may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $64,013 look to you?

FAQ about Salary and Jobs at Team Penske

1. How much does Team Penske pay per hour?
The average hourly pay is $31. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Team Penske?
According to the data, the highest approximate salary is about $73,751 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Team Penske?
According to the data, the lowest estimated salary is about $56,558 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
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.