How much does a Product Design Engineer V make hourly in the United States? The average hourly wage for a Product Design Engineer V in the United States is $81 as of March 26, 2024, but the range typically falls between $73 and $89. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Product Design Engineer V Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Product Design Engineer V Salary $66 US March 26, 2024
25th Percentile Product Design Engineer V Salary $73 US March 26, 2024
50th Percentile Product Design Engineer V Salary $81 US March 26, 2024
75th Percentile Product Design Engineer V Salary $89 US March 26, 2024
90th Percentile Product Design Engineer V Salary $96 US March 26, 2024
25% $73 10% $66 90% $96 75% $89 $81 50%(Median) Didn’t find job title? Click
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What skills does a Product Design Engineer V need?

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.

Analysis 8%
3D CAD 2%
Statistical Analysis 1%
Others 89%

Job Description for Product Design Engineer V

Product Design Engineer V 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 V recommends and follows reliable, efficient, and cost-effective procedures. Performs feasibility, functional, and quality testing of designs. Additionally, Product Design Engineer V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be a Product Design Engineer V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Product Design Engineer V

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Product Design Engineer V, the upper level is Product Design Manager and then progresses to Product Design Senior Manager.

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Product Design Engineer V salary varies from city to city. Compared with national average salary of Product Design Engineer V, the highest Product Design Engineer V salary is in San Francisco, CA, where the Product Design Engineer V salary is 25.0% above. The lowest Product Design Engineer V salary is in Miami, FL, where the Product Design Engineer V salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total hourly compensation opportunity for a Product Design Engineer V, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
73
89
81

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
79
100
89
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Product Design Engineer V in the United States. The average hourly rate for Product Design Engineer V ranges from $73 to $89 with the average hourly pay of $81. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $79 to $100 with the average total hourly cash compensation of $89.
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73
89

 

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Skills associated with Product Design Engineer V: Product Requirements, Product Specifications, Product Development Life Cycle, Quality Control/Testing ...More

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Product Design Engineer V Salary in United States
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