As of March 01, 2025, the average annual salary for a Tool Design Engineer V in Plano, TX is $145,790. Salary.com reports that pay typically ranges from $135,243 to $153,174, with most professionals earning between $125,640 and $159,896.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $155,191 | $12,933 | $2,984 | $75 |
| Average | $147,710 | $12,309 | $2,841 | $71 |
| 25th Percentile | $137,024 | $11,419 | $2,635 | $66 |
An entry-level Tool Design Engineer V with under 1 year experience makes about $141,539. With less than 2 years of experience, a mid-level Tool Design Engineer V makes around $142,327. After 2-4 years, the Tool Design Engineer V pay rises to about $143,114. Those senior Tool Design Engineer V with 5-8 years of experience earn roughly $144,216, and those Tool Design Engineer V having 8 years or more experience are expected to earn about $146,341 on average.
| Levels | Salary |
|---|---|
| Entry Level Tool Design Engineer V | $141,539 |
| Intermediate Level Tool Design Engineer V | $142,327 |
| Senior Level Tool Design Engineer V | $143,114 |
| Specialist Level Tool Design Engineer V | $144,216 |
| Expert Level Tool Design Engineer V | $146,341 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 1% |
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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.
Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Open Access: Open Access (OA) refers to all electronic resources that are made widely available on the internet without licensing and copyright restrictions. Open Access resources can include articles, journals, books, conference proceedings, theses, music, etc.
Web Applications: A web application is application software that runs in a web browser, unlike software programs that run locally and natively on the operating system of the device. They are delivered on the World Wide Web to users with an active network connection.
| Skill | Salary | Demand |
|---|---|---|
|
Verbal Communication
|
$163,285 |
12%
|
|
New Product Introduction
|
$161,827 |
11%
|
|
Root Cause Analysis
|
$161,827 |
11%
|
|
OEM
|
$154,537 |
6%
|
|
Innovation
|
$153,079 |
5%
|
|
Attention to Detail
|
$151,621 |
4%
|
