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This question is about what a production engineer does, what a product engineer does, and production engineer.
How much money does a product engineer make?
Product engineers make an average of $85,000 in a year. This makes an average hourly pay for a product development engineer just under $40.
The salary level for a product development engineer depends on various factors. These factors include experience, education, location, industry, and company. Any person may have numerous unique combinations of these five factors influencing their specific salary.
Location is one of the easiest ways to track salary variance for product development engineers. A product development engineer will typically earn higher salaries in major metropolitan areas along the northeast and west coasts. For example, a product development engineer in New York City has an average salary of over $100,000 yearly.
Other factors that influence salary are experience and education. An entry-level product development engineer with a bachelor's degree can make good money in the role, typically around $75,000 in a year.
However, a person with a master's degree and significant experience will make more money, closer to or over $100,000 in a year, and has more potential to get promoted to more senior-level positions and to command higher salaries.
Finally, industry and company size also play a large role in salary. A product development engineer who works at a major technology or finance company will make the most money.
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