Engineering jobs are in high demand with workers receiving generous compensation packages and bonuses. Engineering offers ample opportunity for growth and development with transferable skills across an array of fields from software, supply chain and logistics to aerospace. Most roles require at least a bachelor’s degree. To remain competitive, job-seekers should consider specialization or skill-specific programs such as coding boot-camps or certifications.
Top paying industries
The top 3 paying industries for Component Design Engineer in United States are Information Technology with a median total pay of $162,141, Aerospace & Defense with a median total pay of $125,266 and Manufacturing with a median total pay of $113,774.
Frequently asked questions about Component Design Engineer salaries
The average salary for Component Design Engineer is $156,316 per year or $75 per hour, with top earners making up to $251,142 (90th percentile). Typically, pay ranges from $122,944 (25th percentile) to $201,472 (75th percentile) annually. Salary estimates are based on 7635 salaries submitted anonymously to Glassdoor by Component Design Engineer employees.
The highest salary for Component Design Engineer is $201,472 per year, $16,789 per month or $97 per hour.
The lowest salary for Component Design Engineer is $122,944 per year, $10,245 per month or $59 per hour.
The salary trajectory of Component Design Engineer ranges between locations and employers. The salary starts at $110,472 per year (estimate) and goes up to $245,278 per year (estimate) for the highest level of seniority.
Siemens
Lockheed Martin
IBM
Siemens Mobility
Caterpillar