As of March 01, 2025, the average annual salary for a Product Design Engineer IV in Richmond, KY is $131,626. Salary.com reports that pay typically ranges from $120,011 to $144,354, with most professionals earning between $109,436 and $155,941.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $156,736 | $13,061 | $3,014 | $75 |
| Average | $142,916 | $11,910 | $2,748 | $69 |
| 25th Percentile | $130,305 | $10,859 | $2,506 | $63 |
An entry-level Product Design Engineer IV with under 1 year experience makes about $123,932. With less than 2 years of experience, a mid-level Product Design Engineer IV makes around $124,787. After 2-4 years, the Product Design Engineer IV pay rises to about $125,643. Those senior Product Design Engineer IV with 5-8 years of experience earn roughly $128,724, and those Product Design Engineer IV having 8 years or more experience are expected to earn about $134,985 on average.
| Levels | Salary |
|---|---|
| Entry Level Product Design Engineer IV | $123,932 |
| Intermediate Level Product Design Engineer IV | $124,787 |
| Senior Level Product Design Engineer IV | $125,643 |
| Specialist Level Product Design Engineer IV | $128,724 |
| Expert Level Product Design Engineer IV | $134,985 |
| Entry Level | 13% |
| Mid Level | 13% |
| Senior Level | 12% |
| Top Level | 10% |
| Experienced | 6% |
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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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Design of Experiments
|
$148,737 |
13%
|
|
Process Management
|
$143,472 |
9%
|
|
Interface Design
|
$142,156 |
8%
|
|
Research Design
|
$140,840 |
7%
|
|
Facilitation
|
$140,840 |
7%
|
|
Prototyping
|
$139,524 |
6%
|
