Tool Design Engineer IV Salary in the United States

Tool Design Engineer IV Salary

How much does a Tool Design Engineer IV make in the United States? The average Tool Design Engineer IV salary in the United States is $108,519 as of April 26, 2022, but the range typically falls between $99,125 and $130,654. Salary ranges 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. 

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Based on HR-reported data: a national average with a geographic differential
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25% $99,125 10% $90,572 90% $150,806 75% $130,654 $108,519 50%(Median)

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Check out Tool Design Engineer jobs in Virginia

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Job Description for Tool Design Engineer IV

Tool Design Engineer IV designs a wide variety of tools consistent with standard tool configuration, including cutting and forming tools. Studies blueprints and determines tool specifications and requirements by interfacing with manufacturing staff to determine the best design for the tool. Being a Tool Design Engineer IV performs calculations to determine exact dimensions, materials required and cost of the tools. Works with engineering to identify problems with performance or tool life and recommends solutions or enhancements. Additionally, Tool Design Engineer IV may submit bids to purchase tools as a cost saving alternative. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Tool Design Engineer IV is a specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. To be a Tool Design Engineer IV typically requires 7+ years of related experience. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Tool Design Engineer IV
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Glyn A. Rodgers, President-Matrix PDM Engineering
MATRIX SERVICE CO
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment o... More
Fiscal Year Ended in 2021
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Tool Design Engineer IV Pay Difference by Location

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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Tool Design Engineer IV, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
99125
130654
108519

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
100649
134114
114218
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Tool Design Engineer IV in the United States. The base salary for Tool Design Engineer IV ranges from $99,125 to $130,654 with the average base salary of $108,519. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $100,649 to $134,114 with the average total cash compensation of $114,218.
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99125
130654

 

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Skills associated with Tool Design Engineer IV: As-Is Analysis, Process Integration, Production Engineering, Electronics Manufacturing ...More

Salary estimation for Tool Design Engineer IV at companies like : BRIGHT HORIZONS FAMILY SOLUTIONS INC., DYCOM INDUSTRIES INC, EMCOR GROUP INC

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