As of February 01, 2025, the average annual salary for a Packaging Development Engineer V in Newark, NJ is $191,590. Salary.com reports that pay typically ranges from $170,190 to $212,290, with most professionals earning between $150,706 and $231,136.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $212,290 | $17,691 | $4,083 | $102 |
| Average | $191,590 | $15,966 | $3,684 | $92 |
| 25th Percentile | $170,190 | $14,183 | $3,273 | $82 |
An entry-level Packaging Development Engineer V with under 1 year experience makes about $181,155. With less than 2 years of experience, a mid-level Packaging Development Engineer V makes around $182,740. After 2-4 years, the Packaging Development Engineer V pay rises to about $183,374. Those senior Packaging Development Engineer V with 5-8 years of experience earn roughly $186,545, and those Packaging Development Engineer V having 8 years or more experience are expected to earn about $196,432 on average.
| Levels | Salary |
|---|---|
| Entry Level Packaging Development Engineer V | $181,155 |
| Intermediate Level Packaging Development Engineer V | $182,740 |
| Senior Level Packaging Development Engineer V | $183,374 |
| Specialist Level Packaging Development Engineer V | $186,545 |
| Expert Level Packaging Development Engineer V | $196,432 |
| Entry Level | 5% |
| Mid Level | 5% |
| 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.
Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
Product Development: Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
Cost Reduction: Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or product, the strategies can vary. Every decision in the product development process affects cost. Companies typically launch a new product without focusing too much on cost. Cost becomes more important when competition increases and price becomes a differentiator in the market.
| Skill | Salary | Demand |
|---|---|---|
|
Verbal Communication
|
$268,226 |
40%
|
|
Research and Development
|
$227,992 |
19%
|
|
Coordination
|
$218,413 |
14%
|
|
Process Improvement
|
$210,749 |
10%
|
|
Teamwork
|
$206,917 |
8%
|
|
Integrity
|
$205,001 |
7%
|
