The salary of a Product Design Engineer IV in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of December 01, 2024, the average annual pay of Product Design Engineer IV in the United States is $141,812. While Salary.com is seeing that Product Design Engineer IV salary in the US can go up to $168,007 or down to $117,899, but most earn between $129,295 and $155,524. 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.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $155,524 | $12,960 | $2,991 | $75 |
| Average | $141,812 | $11,818 | $2,727 | $68 |
| 25th Percentile | $129,295 | $10,775 | $2,486 | $62 |
As of December 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 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 4% |
| Top Level | 1% |
| Experienced | 3% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of December 01, 2024, the average yearly salary of Product Design Engineer IV is $156,418 in California and in Massachusetts, the average annual salary goes to $154,291. While in New Jersey, a Product Design Engineer IV earns $155,426 per year.
What Am I Worth?
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 December 01, 2024, the average yearly salary of Product Design Engineer IV in San Francisco, CA is $177,265 and in New York, NY, the average annual salary goes to $165,636. While a Product Design Engineer IV earns $158,971 per year in Boston, MA.
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 December 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.
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.
Here are companies hiring for Product Design Engineer IV and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $141,812 | 68.0% | ||
| Bonus | $10,468 | 5.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,649 | 5.6% | ||
| 401K/403B | $6,396 | 3.1% | ||
| Disability | $3,046 | 1.5% | ||
| Healthcare | $8,352 | 4.0% | ||
| Pension | $8,223 | 3.9% | ||
| Time Off | $18,742 | 9.0% | ||
| Total Compensation | $208,688 | 100% | ||
| 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% |
What Am I Worth?
The average annual salary of Product Design Engineer IV is $141,812. In case you are finding an easy salary calculator, the average hourly pay of Product Design Engineer IV is $68; the average weekly pay of Product Design Engineer IV is $2,727; the average monthly pay of Product Design Engineer IV is $11,818.
A Product Design Engineer IV's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Product Design Engineer IV earns the most in San Jose, CA, where the annual salary of a Product Design Engineer IV is $177,974.
The highest pay for Product Design Engineer IV is $168,007.
The lowest pay for Product Design Engineer IV is $117,899.
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.
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
