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Become A Value Engineer

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Working As A Value Engineer

  • Making Decisions and Solving Problems
  • Getting Information
  • Identifying Objects, Actions, and Events
  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Deal with People

  • $84,000

    Average Salary

What Does A Value Engineer Do

Industrial engineers find ways to eliminate wastefulness in production processes. They devise efficient systems that integrate workers, machines, materials, information, and energy to make a product or provide a service.

Duties

Industrial engineers typically do the following:

  • Review production schedules, engineering specifications, process flows, and other information to understand methods that are applied and activities that take place in manufacturing and services
  • Figure out how to manufacture parts or products, or deliver services, with maximum efficiency
  • Develop management control systems to make financial planning and cost analysis more efficient
  • Enact quality control procedures to resolve production problems or minimize costs
  • Design control systems to coordinate activities and production planning in order to ensure that products meet quality standards
  • Confer with clients about product specifications, vendors about purchases, management personnel about manufacturing capabilities, and staff about the status of projects

Industrial engineers apply their skills to many different situations, from manufacturing to healthcare systems to business administration. For example, they design systems for

  • moving heavy parts within manufacturing plants
  • delivering goods from a company to customers, including finding the most profitable places to locate manufacturing or processing plants
  • evaluating job performance
  • paying workers

Industrial engineers focus on how to get the work done most efficiently, balancing many factors, such as time, number of workers needed, available technology, actions workers need to take, achieving the end product with no errors, workers’ safety, environmental concerns, and cost.

To find ways to reduce waste and improve performance, industrial engineers study product requirements carefully. Then they use mathematical methods and models to design manufacturing and information systems to meet those requirements most efficiently.

Their versatility allows industrial engineers to engage in activities that are useful to a variety of businesses, governments, and nonprofits. For example, industrial engineers engage in supply chain management to help businesses minimize inventory costs, conduct quality assurance activities to help businesses keep their customer bases satisfied, and work in the growing field of project management as industries across the economy seek to control costs and maximize efficiencies.

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How To Become A Value Engineer

Industrial engineers must have a bachelor’s degree. Employers also value experience, so cooperative education engineering programs at universities are also valuable.

Education

Industrial engineers need a bachelor’s degree, typically in industrial engineering. However, many industrial engineers have degrees in mechanical engineering, electrical engineering, manufacturing engineering, industrial engineering technology, or general engineering. Students interested in studying industrial engineering should take high school courses in mathematics, such as algebra, trigonometry, and calculus; computer science; and sciences such as chemistry and physics.

Bachelor’s degree programs include lectures in classrooms and practice in laboratories. Courses include statistics, production systems planning, and manufacturing systems design, among others. Many colleges and universities offer cooperative education programs in which students gain practical experience while completing their education.

A few colleges and universities offer 5-year degree programs in industrial engineering that lead to a bachelor’s and master’s degree upon completion, and several more offer similar programs in mechanical engineering. A graduate degree allows an engineer to work as a professor at a college or university or to engage in research and development. Some 5-year or even 6-year cooperative education plans combine classroom study with practical work, permitting students to gain experience and to finance part of their education.

Programs in industrial engineering are accredited by ABET.

Important Qualities

Creativity. Industrial engineers use creativity and ingenuity to design new production processes in many kinds of settings in order to reduce the use of material resources, time, or labor while accomplishing the same goal.

Critical-thinking skills. Industrial engineers create new systems to solve problems related to waste and inefficiency. Solving these problems requires logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions, or approaches to the problems.

Listening skills. These engineers often operate in teams, but they also must solicit feedback from customers, vendors, and production staff. They must listen to customers and clients in order to fully grasp ideas and problems the first time.

Math skills. Industrial engineers use the principles of calculus, trigonometry, and other advanced topics in mathematics for analysis, design, and troubleshooting in their work.

Problem-solving skills. In designing facilities for manufacturing and processes for providing services, these engineers deal with several issues at once, from workers’ safety to quality assurance.

Speaking skills. Industrial engineers sometimes have to explain their instructions to production staff or technicians before they can make written instructions available. Being able to explain concepts clearly and quickly is crucial to preventing costly mistakes and loss of time.

Writing skills. Industrial engineers must prepare documentation for other engineers or scientists, or for future reference. The documentation must be coherent and explain their thinking clearly so that the others can understand the information.

Licenses, Certifications, and Registrations

Licensure is not required for entry-level positions as an industrial engineer. A Professional Engineering (PE) license, which allows for higher levels of leadership and independence, can be acquired later in one’s career. Licensed engineers are called professional engineers (PEs). A PE can oversee the work of other engineers, sign off on projects, and provide services directly to the public. State licensure generally requires

  • A degree from an ABET-accredited engineering program
  • A passing score on the Fundamentals of Engineering (FE) exam
  • Relevant work experience, typically at least 4 years
  • A passing score on the Professional Engineering (PE) exam

The initial FE exam can be taken after one earns a bachelor’s degree. Engineers who pass this exam are commonly called engineers in training (EITs) or engineer interns (EIs). After meeting work experience requirements, EITs and EIs can take the second exam, called the Principles and Practice of Engineering.

Several states require engineers to take continuing education in order to keep their licenses. Most states recognize licenses from other states, as long as the other state’s licensing requirements meet or exceed their own licensing requirements.

Advancement

Beginning industrial engineers usually work under the supervision of experienced engineers. In large companies, new engineers also may receive formal training in classes or seminars. As beginning engineers gain knowledge and experience, they move on to more difficult projects with greater independence to develop designs, solve problems, and make decisions.

Eventually, industrial engineers may advance to become technical specialists, such as quality engineers or facility planners. In that role, they supervise a team of engineers and technicians. Obtaining a master’s degree facilitates such specialization and thus advancement.

Many industrial engineers move into management positions because the work they do is closely related to the work of managers. For more information, see the profile on architectural and engineering managers.

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Average Length of Employment
Product Engineer 3.5 years
Packaging Engineer 3.4 years
Process Engineer 3.4 years
Value Engineer 3.0 years
Top Careers Before Value Engineer
Engineer 8.8%
Consultant 3.6%
Internship 3.1%
Top Careers After Value Engineer
Engineer 4.5%
Designer 3.2%
Consultant 3.2%

Do you work as a Value Engineer?

Average Yearly Salary
$84,000
View Detailed Salary Report
$63,000
Min 10%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$111,000
Max 90%
Best Paying Company
Microsoft
Highest Paying City
Redmond, WA
Highest Paying State
Alaska
Avg Experience Level
2.7 years
How much does a Value Engineer make at top companies?
The national average salary for a Value Engineer in the United States is $84,647 per year or $41 per hour. Those in the bottom 10 percent make under $63,000 a year, and the top 10 percent make over $112,000.

Real Value Engineer Salaries

Job Title Company Location Start Date Salary
Principal, Value Engineer Infor (Us), Inc. Irving, TX Jan 05, 2016 $150,000
Client Value Engineer Dresser-Rand Company Houston, TX Aug 09, 2015 $123,000 -
$128,000
Client Value Engineer Dresser-Rand Company Houston, TX Mar 11, 2015 $120,455 -
$125,000
Wind Components Value Engineer General Electric Company Greenville, SC Dec 01, 2012 $111,900
Wind Components Value Engineer General Electric Company Greenville, SC Aug 01, 2012 $111,900
Wind Components Value Engineer General Electric Company Greenville, SC Sep 05, 2012 $111,900
Client Value Engineer Dresser-Rand Company Houston, TX Aug 08, 2012 $94,700 -
$104,700
Value Engineer Honeywell International, Inc. Melville, NY May 06, 2015 $92,435
Value Engineer Addison HVAC LLC Orlando, FL Sep 13, 2016 $90,000
Value Engineer Honeywell International Inc. Melville, NY May 03, 2016 $88,162
Value Chain Engineer Volvo Group North America, LLC Greensboro, NC Sep 14, 2016 $84,365
Senior Engineer-Value Engineering Manitou Americas, Inc. West Bend, WI Jul 29, 2016 $83,387
Value Improvement Engineer Rolls-Royce North America Reston, VA Dec 13, 2010 $82,820
Value Analyst Engineer CNH Industrial America LLC New Holland, PA Oct 27, 2014 $82,500
Logistics/Value ADD Engineer Arrow Electronics, Inc. Bensalem, PA Feb 27, 2015 $82,420
Value Engineer Cummins Inc. Columbus, IN Sep 19, 2015 $82,100 -
$99,800
Value Engineer Honeywell International Inc. Melville, NY Mar 05, 2013 $82,000
Logistics/Value ADD Engineer II Arrow Electronics, Inc. Reno, NV Aug 19, 2015 $80,000
Value Stream Engineer, Motors Stanley Black & Decker, Inc. Charlotte, NC Jul 12, 2016 $76,500
Value Engineer II Thomas & Betts Corporation Memphis, TN Dec 24, 2015 $75,213
Value Stream Change Agent/Engineer Ingersoll Rand Company Charlotte, NC Oct 01, 2013 $75,000
Value ADD Value Engineer Rexnord Industries, LLC Grafton, WI Sep 28, 2009 $75,000 -
$84,000
Value ADD Value Engineer Rexnord Industries, LLC Grafton, WI Sep 21, 2009 $75,000 -
$84,000
Value ADD Value Engineer Rexnord Industries, LLC Grafton, WI Sep 29, 2009 $75,000 -
$84,000
Logistics/Value ADD Engineer II Arrow Electronics, Inc. Phoenix, AZ Feb 14, 2011 $73,500
Logistics/Value ADD Engineer II Arrow Electronics, Inc. Ashland, VA Oct 18, 2012 $70,000
Value (Senior) Engineer Cameron International Corporation Houston, TX Jan 18, 2010 $68,848

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Top Skills for A Value Engineer

  1. Cost Savings
  2. New Product Development
  3. Supplier Relationships
You can check out examples of real life uses of top skills on resumes here:
  • Manage program to reduce plastic component related issues and increase production efficiency with a cost savings of $505k.
  • Provided purchasing support for all new product development projects and managed all contract suppliers.
  • Implemented process improvements that streamlined data management and evaluation.
  • Initiated cost reduction and process improvement projects using the Value Engineering (VE) methodology and Lean Six Sigma.
  • Managed projects through leading cross-functional teams through the value analysis of design to ensure cost effectiveness and productivity.

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Average Salary:

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Top 10 Best States for Value Engineers

  1. Washington
  2. Texas
  3. Massachusetts
  4. California
  5. Arizona
  6. Rhode Island
  7. Colorado
  8. Idaho
  9. New Mexico
  10. New Hampshire
  • (1,227 jobs)
  • (3,037 jobs)
  • (1,661 jobs)
  • (7,217 jobs)
  • (665 jobs)
  • (111 jobs)
  • (828 jobs)
  • (147 jobs)
  • (230 jobs)
  • (337 jobs)

Value Engineer Demographics

Gender

Male

77.2%

Unknown

12.1%

Female

10.7%
Ethnicity

White

59.2%

Hispanic or Latino

13.0%

Asian

11.3%

Black or African American

10.6%

Unknown

5.9%
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Foreign Languages Spoken

Spanish

21.4%

Russian

14.3%

Portuguese

7.1%

Vietnamese

7.1%

German

7.1%

Marathi

7.1%

French

7.1%

Greek

7.1%

Hindi

7.1%

Arabic

7.1%

Italian

7.1%
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Value Engineer Education

Schools

Pennsylvania State University

10.4%

Purdue University

9.0%

Oakland University

7.5%

University of Cincinnati

7.5%

Texas A&M University

6.0%

Michigan State University

6.0%

North Carolina State University

4.5%

Southern Methodist University

4.5%

Ohio State University

4.5%

University of Detroit Mercy

4.5%

Rochester Institute of Technology

4.5%

Georgia Institute of Technology -

4.5%

University of Arizona

4.5%

University of California - Irvine

4.5%

Michigan Technological University

3.0%

Ferris State University

3.0%

York College

3.0%

Emory University

3.0%

University of Louisville

3.0%

Brigham Young University

3.0%
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Majors

Mechanical Engineering

27.0%

Business

11.1%

Industrial Engineering

10.1%

Industrial Technology

7.4%

Electrical Engineering

4.8%

Mechanical Engineering Technology

4.8%

Finance

4.2%

Civil Engineering

3.7%

Systems Engineering

3.2%

Management

3.2%

Engineering And Industrial Management

3.2%

Engineering

2.6%

Aerospace Engineering

2.6%

Chemistry

2.1%

Project Management

2.1%

Drafting And Design

1.6%

Manufacturing Engineering

1.6%

Graphic Design

1.6%

Accounting

1.6%

Environmental Control Technologies/Technicians

1.6%
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Degrees

Bachelors

50.2%

Masters

31.6%

Other

9.5%

Associate

3.0%

Certificate

2.6%

Doctorate

2.6%

Diploma

0.4%
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