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As of August 01, 2026, the average salary for an ASIC Design Engineer V in Minnesota is $195,450 per year, which breaks down to an hourly rate of $94.
However, an ASIC Design Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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ASIC Design Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $208,570 | $17,381 | $4,011 | $100 |
| Average | $195,450 | $16,288 | $3,759 | $94 |
| 25th Percentile | $187,230 | $15,603 | $3,601 | $90 |
Star Group - Minneapolis, MN
Brightpath Associates LLC - Morris, MN
Apex Engineering Group - Detroit Lakes, MN
Apex Engineering Group - Hopkins, MN
An ASIC Design Engineer V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an ASIC Design Engineer V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| ASIC Design Engineer III | 4-7 years | $130,418 |
| ASIC Design Engineer IV | 7+ years | $164,955 |
| ASIC Design Engineer V | 7-10 years | $195,441 |
| ASIC Design Engineering Manager | 10+ years | $180,442 |
| ASIC Design Engineering Director | 10+ years | $254,587 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract ASIC Design Engineer Vs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
ASIC Design Engineer V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $220,545. While startup companies pay approximate $186,651.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $186,651 |
| Growth Stage | 51~500 | $197,385 |
| Established | 501~5000 | $213,001 |
| Enterprise | 5000+ | $220,545 |
For ASIC Design Engineer V roles, the industry you choose can affect earning potential by as much as 30% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 15% above the average. In contrast, ASIC Design Engineer positions in Edu., Gov't. & Nonprofit or Telecom typically offer lower base pay, as these industries often view ASIC Design Engineer V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $224,767 | $108.0 | 15% |
Understanding how an ASIC Design Engineer V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $208,570 | $17,381 | $4,011 | $100 |
| Average | $195,450 | $16,288 | $3,759 | $94 |
| 25th Percentile | $187,230 | $15,603 | $3,601 | $90 |
For an ASIC Design Engineer V, the most direct path to higher earnings is advancing to the ASIC Design Engineering Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $180,500 - a projected growth of -8% over your current level.
Ready to take the next step in your career? Browse thousands of current ASIC Design Engineer V job openings on our job board. Use the search bar below to find your perfect match.
Apex Engineering Group
Saint Cloud, MN
Apex Engineering Group | Saint Cloud, MN
Job Description. Job Description. Office Location. Any Apex Office. (Fargo, Bismarck, or Dickinson, ND or Detroit Lakes, St. Cloud, or Minnetonka, MN). Ape... more
9 Days Ago
Bolton & Menk, Inc
Mountain Iron, MN
Bolton & Menk, Inc | Mountain Iron, MN
Job Description. Job Description. Bolton & Menk has an exciting opportunity for a Design Engineer, EIT, to join our Transportation team in our Duluth offic... more
6 Days Ago
Bolton & Menk, Inc
Willmar, MN
Bolton & Menk, Inc | Willmar, MN
Job Description. Job Description. Bolton & Menk has an exciting opportunity for a Design Engineer, EIT, to join our Transportation team in our Willmar offi... more
6 Days Ago
Bolton & Menk, Inc
Mankato, MN
Bolton & Menk, Inc | Mankato, MN
Job Description. Job Description. Bolton & Menk has an exciting opportunity for a Design Engineer, EIT, to join our Municipal team in our Mankato office. A... more
7 Days Ago
Bolton & Menk, Inc
Baxter, MN
Bolton & Menk, Inc | Baxter, MN
Job Description. Job Description. Bolton & Menk has an exciting opportunity for a Design Engineer, EIT, to join our Municipal team in our Baxter office. As... more
7 Days Ago
Bolton & Menk, Inc
Anoka, MN
Bolton & Menk, Inc | Anoka, MN
Job Description. Job Description. Bolton & Menk has an exciting opportunity for a Design Engineer, EIT, to join our Aviation Transportation team in our Ram... more
8 Days Ago
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