As of January 01, 2025, the average annual salary for a Tool Design Engineering Manager in the United States is $171,396. Salary.com reports that pay typically ranges from $152,960 to $200,164, with most professionals earning between $136,174 and $226,355.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $200,164 | $16,680 | $3,849 | $96 |
| Average | $171,396 | $14,283 | $3,296 | $82 |
| 25th Percentile | $152,960 | $12,747 | $2,942 | $74 |
An entry-level Tool Design Engineering Manager with less than 1 year of experience earns about $163,290. With 1-2 years of experience, the average salary increases to $164,110. For 2-4 years of experience, the pay typically rises to $166,022. Senior-level professionals with 5-8 years of experience earn around $168,208, and those with over 8 years of experience can expect an average of $170,972.
| Levels | Salary |
|---|---|
| Entry Level Tool Design Engineering Manager | $163,290 |
| Intermediate Level Tool Design Engineering Manager | $164,110 |
| Senior Level Tool Design Engineering Manager | $166,022 |
| Specialist Level Tool Design Engineering Manager | $168,208 |
| Expert Level Tool Design Engineering Manager | $170,972 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Tool Design Engineering Manager compensation over the past six years. For example, the median salary increased from $153,524 in 2023 to approximately $152,799 in 2024. (For a detailed analysis of Tool Design Engineering Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Tool Design Engineering Manager information for you to search for. Click on search button below to see Tool Design Engineering Manager job openings or enter a new job title here.
Here are companies hiring for Tool Design Engineering Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $171,396 | 67.5% | ||
| Bonus | $16,041 | 6.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $13,171 | 5.2% | ||
| 401K/403B | $7,872 | 3.1% | ||
| Disability | $3,749 | 1.5% | ||
| Healthcare | $8,352 | 3.3% | ||
| Pension | $10,122 | 4.0% | ||
| Time Off | $23,069 | 9.1% | ||
| Total Compensation | $253,772 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Associates | 40.0% |
| Bachelors | 20.0% |
| Masters | 40.0% |
What Am I Worth?
The average annual salary of Tool Design Engineering Manager is $171,396. In case you are finding an easy salary calculator, the average hourly pay of Tool Design Engineering Manager is $82; the average weekly pay of Tool Design Engineering Manager is $3,296; the average monthly pay of Tool Design Engineering Manager is $14,283.
A Tool Design Engineering Manager'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 Tool Design Engineering Manager earns the most in San Jose, CA, where the annual salary of a Tool Design Engineering Manager is $215,102.
The highest pay for Tool Design Engineering Manager is $226,355.
The lowest pay for Tool Design Engineering Manager is $136,174.
Tool Design Engineering Manager manages the design and development of tools and machinery to facilitate and optimize manufacturing processes. Leads design reviews to determine tooling concepts, design options, testing plans, and specifications. Being a Tool Design Engineering Manager provides expert input to resolve design issues and innovate solutions. Oversees the design, fabrication, sourcing, and procurement of fixtures, jigs, gauges, cutting and forming tools, carts, racks, and other items to support production. Additionally, Tool Design Engineering Manager ensures design documentation and models for the fabrication of tools are accurately prepared. Controls budgets, costs, resource allocation, and materials required for tools. Typically requires a bachelor's degree or equivalent. Typically reports to a head of a unit/department. The Tool Design Engineering Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Tool Design Engineering Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
