As of March 01, 2025, the average annual salary for an Alloy and Materials Engineer V in Sioux Falls, SD is $120,200. According to Salary.com, salaries can range from a low of $97,084 to a high of $152,104, with most professionals earning between $108,100 and $136,900.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $136,900 | $11,408 | $2,633 | $66 |
| Average | $120,200 | $10,017 | $2,312 | $58 |
| 25th Percentile | $108,100 | $9,008 | $2,079 | $52 |
An entry-level Alloy and Materials Engineer V with under 1 year experience makes about $114,118. With less than 2 years of experience, a mid-level Alloy and Materials Engineer V makes around $115,012. After 2-4 years, the Alloy and Materials Engineer V pay rises to about $115,370. Those senior Alloy and Materials Engineer V with 5-8 years of experience earn roughly $117,159, and those Alloy and Materials Engineer V having 8 years or more experience are expected to earn about $124,374 on average.
| Levels | Salary |
|---|---|
| Entry Level Alloy and Materials Engineer V | $114,118 |
| Intermediate Level Alloy and Materials Engineer V | $115,012 |
| Senior Level Alloy and Materials Engineer V | $115,370 |
| Specialist Level Alloy and Materials Engineer V | $117,159 |
| Expert Level Alloy and Materials Engineer V | $124,374 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 3% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
New Product Development: In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The product can be tangible (something physical which one can touch) or intangible (like a service, experience, or belief), though sometimes services and other processes are distinguished from "products." NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main variables that drive customer needs. Aiming at these three variables, innovative companies develop continuous practices and strategies to better satisfy customer requirements and to increase their own market share by a regular development of new products. There are many uncertainties and challenges which companies must face throughout the process. The use of best practices and the elimination of barriers to communication are the main concerns for the management of the NPD .[citation needed]
| Skill | Salary | Demand |
|---|---|---|
|
Product Quality
|
$141,836 |
18%
|
|
Customer Support
|
$135,826 |
13%
|
|
Casting
|
$134,624 |
12%
|
|
Quality Control
|
$132,220 |
10%
|
|
Technical Support
|
$126,210 |
5%
|
|
Innovation
|
$126,210 |
5%
|
