How much does a Tool Specifications/Design Engineer V make at companies like ESPEY MFG & ELECTRONICS CORP in the United States? The average salary for Tool Specifications/Design Engineer V at companies like ESPEY MFG & ELECTRONICS CORP in the United States is $141,530 as of April 24, 2024, but the range typically falls between $122,690 and $159,900. 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. View the Cost of Living in Major Cities
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The Tool Specifications/Design Engineer V 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 Tool Specifications/Design Engineer V 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, Tool Specifications/Design Engineer V 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 Tool Specifications/Design Engineer V works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. 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. Working as a Tool Specifications/Design Engineer V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)
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