How much does a Tool Design Engineer IV make hourly at companies like MANHATTAN BRIDGE CAPITAL INC in the United States? The average hourly wage for a Tool Design Engineer IV at companies like MANHATTAN BRIDGE CAPITAL INC in the United States is $63 as of February 26, 2024, but the range typically falls between $56 and $72. 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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Tool Design Engineer IV designs and develops tools and machinery used to facilitate and optimize manufacturing processes. Reviews product design and build requirements to determine tooling concepts, design options, testing plans, and specifications. Being a Tool Design Engineer IV develops designs for fixtures, jigs, gauges, cutting and forming tools, carts, racks, and other items to support production. Utilizes Computer-Aided Design (CAD) to create accurate, complete, and concise design models and documentation to fabricate tools. Additionally, Tool Design Engineer IV estimates costs, resource requirements, and materials required for tools. May manage the sourcing, quoting, or procurement of purchased tools. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Tool Design Engineer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Tool Design Engineer IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)
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