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The differences between component engineers and product engineers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a component engineer, becoming a product engineer takes usually requires 4-6 years. Additionally, a product engineer has an average salary of $89,645, which is higher than the $84,771 average annual salary of a component engineer.
The top three skills for a component engineer include failure analysis, DFMEA and dvp r. The most important skills for a product engineer are CAD, product design, and project management.
| Component Engineer | Product Engineer | |
| Yearly salary | $84,771 | $89,645 |
| Hourly rate | $40.76 | $43.10 |
| Growth rate | 10% | 2% |
| Number of jobs | 49,923 | 157,888 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 42 | 41 |
| Years of experience | 4 | 6 |
A component engineer monitors, tests, and evaluates different kinds of components in a particular production line. A component engineer is essential in a company that uses the assembly line process of manufacturing as each component must perform efficiently to avoid disruption in the production process. The component engineer is expected to provide reports about each production component, identify areas that need improvements or repairs, and suggest upgrades whenever applicable and necessary.
A product engineer specializes in designing and developing commercial materials and services. They are primarily responsible for conducting thorough research and analysis of the latest trends and marketing conditions to come up with new ideas and products for the public. Moreover, they are also responsible for producing reports and presentations, coordinating with the development team of their company. Product engineers also reach out to vendors and suppliers for the raw materials, set regulations and standards for the product, and even conduct a rigorous and regular quality check.
Component engineers and product engineers have different pay scales, as shown below.
| Component Engineer | Product Engineer | |
| Average salary | $84,771 | $89,645 |
| Salary range | Between $67,000 And $106,000 | Between $68,000 And $118,000 |
| Highest paying City | Redmond, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Meta | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a component engineer and a product engineer in terms of educational background:
| Component Engineer | Product Engineer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Electrical Engineering | Mechanical Engineering |
| Most common college | Northwestern University | Michigan Technological University |
Here are the differences between component engineers' and product engineers' demographics:
| Component Engineer | Product Engineer | |
| Average age | 42 | 41 |
| Gender ratio | Male, 86.1% Female, 13.9% | Male, 87.8% Female, 12.2% |
| Race ratio | Black or African American, 4.2% Unknown, 3.9% Hispanic or Latino, 10.4% Asian, 15.1% White, 66.3% American Indian and Alaska Native, 0.2% | Black or African American, 3.1% Unknown, 4.5% Hispanic or Latino, 7.9% Asian, 17.0% White, 67.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 4% | 5% |