As of April 01, 2025, the average annual salary for a Mechanical Engineer V in Palatine, IL is $150,477. Salary.com reports that pay typically ranges from $138,390 to $162,528, with most professionals earning between $127,387 and $173,501.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $160,617 | $13,385 | $3,089 | $77 |
| Average | $148,707 | $12,392 | $2,860 | $71 |
| 25th Percentile | $136,763 | $11,397 | $2,630 | $66 |
An entry-level Mechanical Engineer V with under 1 year experience makes about $145,606. With less than 2 years of experience, a mid-level Mechanical Engineer V makes around $146,508. After 2-4 years, the Mechanical Engineer V pay rises to about $147,410. Those senior Mechanical Engineer V with 5-8 years of experience earn roughly $148,673, and those Mechanical Engineer V having 8 years or more experience are expected to earn about $151,376 on average.
| Levels | Salary |
|---|---|
| Entry Level Mechanical Engineer V | $145,606 |
| Intermediate Level Mechanical Engineer V | $146,508 |
| Senior Level Mechanical Engineer V | $147,410 |
| Specialist Level Mechanical Engineer V | $148,673 |
| Expert Level Mechanical Engineer V | $151,376 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 0% |
| Experienced | 2% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Design Engineering: Creating a system, component, or process to develop new products and systems.
Transportation: Refers to the mode of travel used to get from home to work most frequently. The transportation are bus, train, aeroplane, ship, car, etc while the mode of transportation refers to road, air, sea/ocean, etc.
| Skill | Salary | Demand |
|---|---|---|
|
Machine Learning
|
$168,534 |
12%
|
|
Flexibility
|
$161,010 |
7%
|
|
Decision Making
|
$159,505 |
6%
|
|
Product Development
|
$159,505 |
6%
|
|
Insight
|
$158,000 |
5%
|
|
Leadership
|
$156,496 |
4%
|
