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How much does a Product Design Engineer IV make hourly?

As of November 01, 2024, the average hourly pay of Product Design Engineer IV in the United States is $68. While Salary.com is seeing that Product Design Engineer IV salary in the US can go up to $81 or down to $57, but most earn between $62 and $75. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Design Engineer IV in the United States.

Product Design Engineer IV Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $155,117 $12,926 $2,983 $75
Average $141,439 $11,787 $2,720 $68
25th Percentile $128,957 $10,746 $2,480 $62
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How much does a Product Design Engineer IV make hourly?

As of November 01, 2024, the average hourly pay of Product Design Engineer IV in the United States is $68. While Salary.com is seeing that Product Design Engineer IV salary in the US can go up to $81 or down to $57, but most earn between $62 and $75. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Design Engineer IV in the United States.

What is the yearly and monthly salary as a Product Design Engineer IV?

As of November 01, 2024, the average annual salary is $141,439 (range: $117,593 to $167,571); the average monthly salary is $11,787 (range: $9,799 to $13,964).

Click the switch button below to see weekly and hourly salary of a Product Design Engineer IV.

Last Updated on November 01, 2024
Last Updated on November 01, 2024

What are the salaries of Product Design Engineer IV with different levels of experience?

As of November 01, 2024, Salary.com is seeing that an entry-level Product Design Engineer IV with under 1 year experience makes about $134,562. With less than 2 years of experience, a mid-level Product Design Engineer IV makes around $135,491. After 2-4 years, the Product Design Engineer IV pay rises to about $136,420. Those senior Product Design Engineer IV with 5-8 years of experience earn roughly $139,766, and those Product Design Engineer IV having 8 years or more experience is expected to earn about $146,563 on average.

Levels Salary
Entry Level Product Design Engineer IV $134,562
Intermediate Level Product Design Engineer IV $135,491
Senior Level Product Design Engineer IV $136,420
Specialist Level Product Design Engineer IV $139,766
Expert Level Product Design Engineer IV $146,563
$134,562 0 yr
$135,491 < 2 yrs
$136,420 2-4 yrs
$139,766 5-8 yrs
$146,563 > 8 yrs
Last Updated on November 01, 2024
Entry Level 5%
Mid Level 4%
Senior Level 4%
Top Level 1%
Experienced 4%
View as graph
Last Updated on November 01, 2024

How much does salary of Product Design Engineer IV vary from state to state?

How much does salary of Product Design Engineer IV vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of November 01, 2024, the average yearly salary of Product Design Engineer IV in San Francisco, CA is $176,799 and in New York, NY, the average annual salary goes to $165,201. While a Product Design Engineer IV earns $158,553 per year in Boston, MA.

What is the salary trend of Product Design Engineer IV?

For those exploring the changing dynamics of Product Design Engineer IV salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Product Design Engineer IV compensation over the past six years. For instance, the median salary has moved from $139,278 in 2023 to about $140,490 in 2024 (for a comprehensive analysis of Product Design Engineer IV salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Product Design Engineer IV Over Time

2020
$???
2021
$???
2022
$???
$139,278
2023
$140,490
2024
$138,680
2025
2026
$???
Last Updated on November 01, 2024
2020
$???
2021
$???
2022
$???
2023
$139,278
2024
$140,490
2025
$138,680
2026
$???
Last Updated on November 01, 2024

Product Design Engineer IV Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $139,278
2024 $140,490
2025 $138,680
2026 View More
Last Updated on November 01, 2024

Job Openings of Product Design Engineer IV

Salary.com job board provides millions of Product Design Engineer IV information for you to search for. Click on search button below to see Product Design Engineer IV job openings or enter a new job title here.

Most Common Benefits for Product Design Engineer IV

Based on HR-reported data: a national average with a geographic differential
Base Salary 67.9%
Bonuses 5.0%
Social Security 5.6%
401k/403b 3.1%
Disability 1.5%
Healthcare 4.0%
Pension 3.9%
Time Off 9.0%
Core Compensation
Core Compensation Median % of Total
Base Salary $141,439 67.9%
Bonus $10,443 5.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $11,619 5.6%
401K/403B $6,379 3.1%
Disability $3,038 1.5%
Healthcare $8,352 4.0%
Pension $8,202 3.9%
Time Off $18,693 9.0%
Total Compensation $208,164 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on November 01, 2024

What are the salaries of a Product Design Engineer IV with different levels of education?

Salaries for Product Design Engineer IV with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Product Design Engineer IV with a Bachelor's Degree is $136,049 - $143,102. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Product Design Engineer IV Salaries by Degree Level

Last Updated on November 01, 2024
Typical Education for Product Design Engineer IV
Degree Level % of user with this level of education
No Diploma 0.7%
High School 3.7%
Associates 8.2%
Bachelors 41.6%
Masters 36.2%
Doctorate 9.6%
Typical Education for Product Design Engineer IV
No Diploma 0.7%
High School 3.7%
Associates 8.2%
Bachelors 41.6%
Masters 36.2%
Doctorate 9.6%
view as table

Product Design Engineer IV Salaries by Degree Level

Last Updated on November 01, 2024

What Am I Worth?

FAQ about Product Design Engineer IV

1. What are the responsibilities of Product Design Engineer IV?

Product Design Engineer IV designs, develops, and enhances new and existing products/product lines. Evaluates and recommends specifications and ensures products meet the technical and functional requirements. Being a Product Design Engineer IV recommends and follows reliable, efficient, and cost-effective procedures. Performs feasibility, functional, and quality testing of designs. Additionally, Product Design Engineer IV works with other members of the engineering staff to ensure project milestones are met and that projects are completed according to established timelines. Requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. The Product Design Engineer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Product Design Engineer IV typically requires 7+ years of related experience.

2. What are the skills of Product Design Engineer IV

Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

3D CAD: CAD is short for Computer-aided design. It's the use of computers to aid in the creation and optimization of a design. Designs made through 3D CAD software focus on the three dimensional quality of design of characters and objects.

3.)

Statistical Analysis: Statistics is a branch of mathematics working with data collection, organization, analysis, interpretation and presentation. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as "all people living in a country" or "every atom composing a crystal". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics. When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey samples. Representative sampling assures that inferences and conclusions can reasonably extend from the sample to the population as a whole. An experimental study involves taking measurements of the system under study, manipulating the system, and then taking additional measurements using the same procedure to determine if the manipulation has modified the values of the measurements. In contrast, an observational study does not involve experimental manipulation.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average hourly salary for a Product Design Engineer IV is $68 per hour in the United States, updated at November 01, 2024.
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