How much does a Senior Tool Design Engineer make hourly at companies like ESPEY MFG & ELECTRONICS CORP in the United States? The average hourly wage for a Senior Tool Design Engineer at companies like ESPEY MFG & ELECTRONICS CORP in the United States is $50 as of March 26, 2024, but the range typically falls between $43 and $55. 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. View the Cost of Living in Major Cities
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The Senior Tool Design Engineer studies blueprints and determines tool specifications and requirements by interfacing with manufacturing staff to determine the best design for the tool. Designs a wide variety of tools consistent with standard tool configuration, including cutting and forming tools. Being a Senior Tool Design Engineer works with engineering to identify problems with performance or tool life and recommends solutions or enhancements. Performs calculations to determine exact dimensions, materials required and cost of the tools. In addition, Senior Tool Design Engineer may submit bids to purchase tools as a cost saving alternative. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Being a Senior Tool Design Engineer contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Working as a Senior Tool Design Engineer typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)
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Core compensation
Includes base and short-term incentives
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