As of February 01, 2025, the average annual salary for a Metallurgical Engineer V in Chicago, IL is $138,549. Salary.com reports that pay typically ranges from $124,522 to $157,743, with most professionals earning between $111,750 and $175,219.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $150,375 | $12,531 | $2,892 | $72 |
| Average | $132,078 | $11,006 | $2,540 | $63 |
| 25th Percentile | $118,705 | $9,892 | $2,283 | $57 |
An entry-level Metallurgical Engineer V with under 1 year experience makes about $131,780. With less than 2 years of experience, a mid-level Metallurgical Engineer V makes around $132,818. After 2-4 years, the Metallurgical Engineer V pay rises to about $133,233. Those senior Metallurgical Engineer V with 5-8 years of experience earn roughly $135,309, and those Metallurgical Engineer V having 8 years or more experience are expected to earn about $143,633 on average.
| Levels | Salary |
|---|---|
| Entry Level Metallurgical Engineer V | $131,780 |
| Intermediate Level Metallurgical Engineer V | $132,818 |
| Senior Level Metallurgical Engineer V | $133,233 |
| Specialist Level Metallurgical Engineer V | $135,309 |
| Expert Level Metallurgical Engineer V | $143,633 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 2% |
| Experienced | 9% |
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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
|
$163,488 |
18%
|
|
Customer Support
|
$156,561 |
13%
|
|
Casting
|
$155,175 |
12%
|
|
Quality Control
|
$152,404 |
10%
|
|
Technical Support
|
$145,477 |
5%
|
|
Innovation
|
$145,477 |
5%
|
